Handelsbanken Fonder AB Boosts Stock Position in DoorDash, Inc. $DASH

Handelsbanken Fonder AB raised its holdings in DoorDash, Inc. (NASDAQ:DASH) by 34.6% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 210,142 shares of the company’s stock after purchasing an additional 54,041 shares during the quarter. Handelsbanken Fonder AB’s holdings in DoorDash were worth $38,778,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently made changes to their positions in DASH. Fulcrum Equity Management grew its position in DoorDash by 9.4% during the second quarter. Fulcrum Equity Management now owns 1,674 shares of the company’s stock valued at $309,000 after buying an additional 144 shares during the period. Fulton Bank N.A. boosted its stake in DoorDash by 7.5% in the second quarter. Fulton Bank N.A. now owns 3,213 shares of the company’s stock valued at $593,000 after acquiring an additional 223 shares during the last quarter. Sapient Capital LLC purchased a new position in DoorDash in the second quarter valued at about $732,000. Everpar Advisors LLC grew its position in shares of DoorDash by 18.4% during the 2nd quarter. Everpar Advisors LLC now owns 1,613 shares of the company’s stock valued at $298,000 after acquiring an additional 251 shares during the period. Finally, Hennion & Walsh Asset Management Inc. grew its position in shares of DoorDash by 7.2% during the 2nd quarter. Hennion & Walsh Asset Management Inc. now owns 29,485 shares of the company’s stock valued at $5,441,000 after acquiring an additional 1,982 shares during the period. 90.64% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, Director Stanley Tang sold 67,693 shares of the company’s stock in a transaction dated Monday, August 3rd. The stock was sold at an average price of $200.63, for a total transaction of $13,581,246.59. Following the sale, the director directly owned 40,218 shares in the company, valued at $8,068,937.34. This represents a 62.73% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Andy Fang sold 5,000 shares of the stock in a transaction dated Wednesday, June 24th. The stock was sold at an average price of $180.00, for a total transaction of $900,000.00. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 142,620 shares of company stock worth $26,822,778 over the last quarter. Insiders own 5.28% of the company’s stock.

DoorDash Trading Up 1.0%

NASDAQ:DASH opened at $212.00 on Wednesday. The company has a market cap of $92.37 billion, a P/E ratio of 110.99 and a beta of 1.78. The stock’s fifty day moving average price is $182.65 and its two-hundred day moving average price is $174.63. DoorDash, Inc. has a 1 year low of $143.30 and a 1 year high of $285.50. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.37 and a quick ratio of 1.37.

DoorDash (NASDAQ:DASH) last announced its quarterly earnings results on Wednesday, August 5th. The company reported $0.46 earnings per share for the quarter, missing the consensus estimate of $0.47 by ($0.01). DoorDash had a net margin of 5.29% and a return on equity of 8.48%. The company had revenue of $4.45 billion during the quarter, compared to analysts’ expectations of $4.34 billion. During the same quarter last year, the firm posted $0.65 earnings per share. DoorDash’s revenue for the quarter was up 35.6% compared to the same quarter last year. As a group, analysts expect that DoorDash, Inc. will post 2.5 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on DASH. Rothschild & Co Redburn set a $350.00 price target on shares of DoorDash in a report on Tuesday, May 12th. KeyCorp decreased their target price on DoorDash from $280.00 to $275.00 and set an “overweight” rating for the company in a research report on Tuesday, July 14th. UBS Group boosted their target price on DoorDash from $223.00 to $225.00 and gave the company a “neutral” rating in a research note on Thursday, August 6th. TD Cowen upped their price target on DoorDash from $225.00 to $240.00 and gave the company a “buy” rating in a research report on Thursday, August 6th. Finally, Argus set a $190.00 price objective on DoorDash in a report on Thursday, June 11th. Twenty-three investment analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, DoorDash currently has a consensus rating of “Moderate Buy” and an average price target of $254.09.

Trending Headlines about DoorDash

Here are the key news stories impacting DoorDash this week:

• Positive Sentiment: DoorDash plans to reincorporate in Nevada, citing a more predictable, statute-based legal environment. The move could improve legal and governance certainty, although it does not directly change the company’s operating outlook. DoorDash Nevada reincorporation article
• Positive Sentiment: Unusually strong options activity provided a bullish trading signal, with 24,870 call options purchased—more than double the reported average daily volume. Options activity can reflect expectations for further upside, though it is speculative and does not guarantee buying in the stock.
• Positive Sentiment: A technical-analysis report highlighted DoorDash’s roughly 36% year-over-year quarterly revenue growth to $4.45 billion, revenue above expectations, bullish price momentum and institutional accumulation. These factors reinforce the market’s preference for the company’s growth story. DoorDash technical analysis article
• Positive Sentiment: DoorDash is expanding beyond restaurant delivery by offering original-equipment vehicle parts through its platform. The initiative could broaden its addressable market and create additional delivery volume, although its financial contribution is not yet clear. DoorDash vehicle parts delivery article
• Neutral Sentiment: Reported short-interest data showed zero shares and a zero-day short-interest ratio, but the figures appear inconsistent and include an invalid percentage comparison, making them unreliable as a trading signal.
• Negative Sentiment: Recent commentary points to DoorDash sustaining strong growth while costs are also rising. That could pressure margins and earnings, particularly given the stock’s elevated valuation. DoorDash growth and costs article
• Negative Sentiment: Several reports involving driver conduct, delivery delays and customer-service disputes create reputational and operational risks, but they appear isolated and are unlikely to materially affect DASH shares without broader evidence of systemic problems.

About DoorDash

DoorDash, Inc operates a technology-driven logistics and food-delivery marketplace that connects consumers, merchants and independent delivery contractors. The company’s core service enables customers to order from local restaurants and retailers through its app and website while DoorDash handles last-mile fulfillment via its network of drivers, known as “Dashers.” Over time the platform has broadened beyond restaurant deliveries to include groceries, convenience items and retail deliveries, positioning DoorDash as a broader on-demand logistics provider for consumer goods.

In addition to its marketplace, DoorDash offers a suite of products and services for consumers and businesses.