SG Americas Securities LLC Has $15.67 Million Stock Holdings in DoorDash, Inc. $DASH

SG Americas Securities LLC reduced its holdings in shares of DoorDash, Inc. (NASDAQ:DASH) by 70.2% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 104,380 shares of the company’s stock after selling 246,124 shares during the quarter. SG Americas Securities LLC’s holdings in DoorDash were worth $15,673,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in DASH. American Century Companies Inc. lifted its position in shares of DoorDash by 5.0% during the 3rd quarter. American Century Companies Inc. now owns 485,088 shares of the company’s stock worth $131,941,000 after buying an additional 22,944 shares in the last quarter. Intech Investment Management LLC grew its holdings in shares of DoorDash by 707.8% in the fourth quarter. Intech Investment Management LLC now owns 253,348 shares of the company’s stock valued at $57,378,000 after acquiring an additional 221,985 shares in the last quarter. Vaughan Nelson Investment Management L.P. bought a new position in shares of DoorDash in the fourth quarter valued at approximately $41,712,000. Mitsubishi UFJ Asset Management Co. Ltd. increased its position in shares of DoorDash by 7.1% during the third quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 806,191 shares of the company’s stock valued at $219,276,000 after acquiring an additional 53,722 shares during the last quarter. Finally, Jefferies Financial Group Inc. lifted its holdings in DoorDash by 136.6% during the third quarter. Jefferies Financial Group Inc. now owns 42,355 shares of the company’s stock worth $11,520,000 after acquiring an additional 24,454 shares during the period. Institutional investors own 90.64% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have weighed in on DASH shares. Guggenheim reissued a “buy” rating and issued a $255.00 price objective on shares of DoorDash in a research report on Tuesday. Citigroup reiterated a “market outperform” rating on shares of DoorDash in a research note on Monday. Argus set a $190.00 price target on shares of DoorDash in a report on Thursday, June 11th. TD Cowen started coverage on shares of DoorDash in a research report on Monday, April 27th. They set a “buy” rating and a $225.00 price target for the company. Finally, UBS Group raised their price objective on shares of DoorDash from $206.00 to $214.00 and gave the stock a “neutral” rating in a report on Thursday, May 7th. Two research analysts have rated the stock with a Strong Buy rating, twenty-five have assigned a Buy rating and nine have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $256.11.

Insider Buying and Selling at DoorDash

In related news, Director Stanley Tang sold 21,433 shares of the company’s stock in a transaction that occurred on Thursday, April 2nd. The shares were sold at an average price of $150.00, for a total transaction of $3,214,950.00. Following the sale, the director directly owned 19,279 shares in the company, valued at approximately $2,891,850. This represents a 52.65% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Keith Yandell sold 2,643 shares of the firm’s stock in a transaction that occurred on Tuesday, May 26th. The stock was sold at an average price of $155.34, for a total transaction of $410,563.62. Following the completion of the transaction, the insider directly owned 81,106 shares of the company’s stock, valued at approximately $12,599,006.04. This trade represents a 3.16% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 58,558 shares of company stock worth $9,324,940 over the last three months. Company insiders own 5.83% of the company’s stock.

DoorDash Stock Down 0.6%

Shares of NASDAQ DASH opened at $176.91 on Friday. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.43 and a quick ratio of 1.43. The stock has a market capitalization of $77.08 billion, a PE ratio of 84.24 and a beta of 1.83. DoorDash, Inc. has a one year low of $143.30 and a one year high of $285.50. The business’s fifty day moving average price is $165.43 and its 200-day moving average price is $181.84.

DoorDash (NASDAQ:DASH) last announced its quarterly earnings data on Wednesday, May 6th. The company reported $0.42 earnings per share for the quarter, topping the consensus estimate of $0.36 by $0.06. DoorDash had a return on equity of 9.58% and a net margin of 6.29%.The company had revenue of $4.04 billion during the quarter, compared to analyst estimates of $4.15 billion. During the same quarter last year, the firm posted $0.44 EPS. The firm’s revenue for the quarter was up 33.1% on a year-over-year basis. On average, equities research analysts anticipate that DoorDash, Inc. will post 2.41 EPS for the current year.

DoorDash News Roundup

Here are the key news stories impacting DoorDash this week:

• Positive Sentiment: DoorDash launched a new conversational shopping assistant for grocery orders, a sign it is expanding its AI-enabled shopping tools and improving the platform’s utility for consumers. DoorDash launches conversational shopping assistant
• Positive Sentiment: Precisely said it is launching a new commercial property imagery product enabled by DoorDash Tasks, highlighting another use case for DoorDash’s logistics and task-based platform beyond food delivery. Precisely Launches Ground Level Images Enabled by DoorDash Tasks
• Positive Sentiment: DoorDash was featured at Cannes Lions in a high-profile UTA ads executive event, which may support brand visibility and advertising relationships. Inside the UTA and DoorDash Ads Executive Soirée at Cannes Lions
• Neutral Sentiment: DoorDash gift cards were highlighted in a Prime Day deals roundup, which may modestly support consumer demand but is not a major company-specific catalyst. I’m heavily considering buying these gift cards on sale for Prime Day
• Negative Sentiment: Multiple news reports described violent or disruptive incidents tied to DoorDash deliveries, including a shooting during a delivery, a carjacking, and a delivery-related dispute. These stories can pressure investor sentiment by raising concerns about driver safety and platform risk. Teens told St. Louis police someone shot at them during a DoorDash delivery
• Negative Sentiment: A separate article said a DoorDash order was used in a scam that drained a customer’s bank account, adding to reputational concerns around the service. The DoorDash Order Was A Setup. The “Support” Call Drained Her Account

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.