DoorDash, Inc. $DASH Shares Purchased by NewEdge Advisors LLC

NewEdge Advisors LLC lifted its position in DoorDash, Inc. (NASDAQ:DASH) by 1,824.0% in the second quarter, HoldingsChannel reports. The firm owned 111,282 shares of the company’s stock after buying an additional 105,498 shares during the period. NewEdge Advisors LLC’s holdings in DoorDash were worth $20,535,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Intech Investment Management LLC increased its holdings in shares of DoorDash by 707.8% during the 4th quarter. Intech Investment Management LLC now owns 253,348 shares of the company’s stock worth $57,378,000 after buying an additional 221,985 shares during the last quarter. Nomura Asset Management Co. Ltd. raised its position in shares of DoorDash by 9.1% during the 4th quarter. Nomura Asset Management Co. Ltd. now owns 156,960 shares of the company’s stock valued at $35,548,000 after buying an additional 13,121 shares during the period. Allstate Corp lifted its holdings in DoorDash by 116.7% in the fourth quarter. Allstate Corp now owns 29,227 shares of the company’s stock valued at $6,619,000 after acquiring an additional 15,741 shares during the last quarter. Brighton Jones LLC lifted its holdings in DoorDash by 24.0% in the fourth quarter. Brighton Jones LLC now owns 9,336 shares of the company’s stock valued at $1,566,000 after acquiring an additional 1,807 shares during the last quarter. Finally, JCP Investment Management LLC purchased a new position in DoorDash in the first quarter worth approximately $991,000. 90.64% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, CFO Ravi Inukonda sold 19,505 shares of the business’s stock in a transaction dated Thursday, August 20th. The stock was sold at an average price of $220.62, for a total transaction of $4,303,193.10. Following the completion of the transaction, the chief financial officer directly owned 232,938 shares of the company’s stock, valued at approximately $51,390,781.56. The trade was a 7.73% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CEO Tony Xu sold 29,567 shares of the company’s stock in a transaction that occurred on Monday, August 24th. The stock was sold at an average price of $230.00, for a total transaction of $6,800,410.00. Following the sale, the chief executive officer owned 1,500 shares in the company, valued at $345,000. The trade was a 95.17% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders have sold 399,553 shares of company stock worth $87,034,140. 44.90% of the stock is owned by corporate insiders.

DoorDash Stock Up 1.9%

Shares of NASDAQ:DASH opened at $201.03 on Friday. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.37 and a quick ratio of 1.37. The firm has a market capitalization of $87.11 billion, a PE ratio of 105.25 and a beta of 1.79. The firm’s 50-day moving average is $205.01 and its two-hundred day moving average is $179.54. DoorDash, Inc. has a 1 year low of $143.30 and a 1 year high of $285.50.

DoorDash (NASDAQ:DASH) last posted its quarterly earnings data on Wednesday, August 5th. The company reported $0.46 EPS for the quarter, missing the consensus estimate of $0.47 by ($0.01). The business had revenue of $4.45 billion during the quarter, compared to analysts’ expectations of $4.34 billion. DoorDash had a net margin of 5.29% and a return on equity of 8.48%. The company’s revenue for the quarter was up 35.6% compared to the same quarter last year. During the same period in the previous year, the business posted $0.65 EPS. Analysts predict that DoorDash, Inc. will post 2.49 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on DASH shares. Cantor Fitzgerald upped their price target on DoorDash from $230.00 to $260.00 and gave the company an “overweight” rating in a research note on Thursday, August 6th. BTIG Research reissued a “buy” rating and set a $225.00 price objective on shares of DoorDash in a research report on Thursday, August 6th. Wells Fargo & Company boosted their price objective on shares of DoorDash from $199.00 to $225.00 and gave the company an “equal weight” rating in a report on Friday, August 7th. Benchmark decreased their target price on shares of DoorDash from $285.00 to $270.00 and set a “buy” rating on the stock in a research report on Monday, August 3rd. Finally, Sanford C. Bernstein reiterated an “outperform” rating on shares of DoorDash in a research report on Thursday, September 3rd. One investment analyst has rated the stock with a Strong Buy rating, twenty-six have given a Buy rating, eight have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $257.47.

DoorDash News Summary

Here are the key news stories impacting DoorDash this week:

• Positive Sentiment: Scotiabank began coverage of DoorDash with a “sector outperform” rating and a $275 price target, supporting the bullish case for continued growth in delivery, retail and local-commerce services. Scotiabank DoorDash coverage
• Positive Sentiment: Analyst sentiment remains favorable, with DoorDash receiving a consensus “Moderate Buy” rating and an average price target of approximately $256.97. Existing bullish views cite strong revenue growth, increasing DashPass adoption and margin expansion. DoorDash consensus analyst rating
• Positive Sentiment: DoorDash’s recent partnership and advertising activity, including expanded retail delivery efforts, could broaden the platform beyond restaurants and create additional order-frequency opportunities, though the near-term earnings impact is uncertain. Windsor DoorDash partnership
• Neutral Sentiment: The reported September short-interest data shows zero shares and a zero-day days-to-cover ratio, with an invalid percentage change. Because the figures appear unreliable, they provide no meaningful trading signal.
• Negative Sentiment: Director Andy Fang sold 15,000 shares for about $3.42 million under a pre-arranged Rule 10b5-1 plan. The planned nature of the transaction reduces its significance, but insider selling may weigh on sentiment while DoorDash trades at a high earnings multiple. DoorDash director stock sale

About DoorDash

DoorDash, Inc operates a local commerce platform that connects consumers with merchants and independent delivery workers. Its marketplace enables customers to order meals from restaurants as well as groceries, convenience items, alcohol where permitted, and products from other retail businesses through its websites and mobile applications.

The company also provides services designed to support merchants, including delivery logistics, online ordering, marketing, payment processing, and customer-engagement tools.