Krilogy Financial LLC lessened its position in DoorDash, Inc. (NASDAQ:DASH – Free Report) by 69.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,231 shares of the company’s stock after selling 5,031 shares during the period. Krilogy Financial LLC’s holdings in DoorDash were worth $467,000 as of its most recent SEC filing.
A number of other institutional investors have also recently bought and sold shares of the stock. Vanguard Group Inc. increased its position in DoorDash by 3.7% during the third quarter. Vanguard Group Inc. now owns 42,712,908 shares of the company’s stock worth $11,617,484,000 after purchasing an additional 1,522,823 shares during the last quarter. Scge Management L.P. acquired a new position in DoorDash during the second quarter worth approximately $267,463,000. Invesco Ltd. increased its position in DoorDash by 18.2% during the third quarter. Invesco Ltd. now owns 6,355,628 shares of the company’s stock worth $1,728,667,000 after purchasing an additional 980,148 shares during the last quarter. Ninety One UK Ltd acquired a new position in DoorDash during the third quarter worth approximately $259,154,000. Finally, State Street Corp increased its position in DoorDash by 6.3% during the third quarter. State Street Corp now owns 15,296,624 shares of the company’s stock worth $4,160,529,000 after purchasing an additional 909,125 shares during the last quarter. 90.64% of the stock is currently owned by hedge funds and other institutional investors.
Analyst Upgrades and Downgrades
Several equities analysts recently commented on DASH shares. Wells Fargo & Company dropped their price target on shares of DoorDash from $221.00 to $198.00 and set an “equal weight” rating for the company in a research report on Monday, March 30th. Morgan Stanley reaffirmed an “overweight” rating and set a $275.00 price target on shares of DoorDash in a research report on Thursday, February 19th. DA Davidson dropped their price target on shares of DoorDash from $260.00 to $224.00 and set a “neutral” rating for the company in a research report on Thursday, February 19th. Truist Financial upped their price target on shares of DoorDash from $330.00 to $340.00 and gave the stock a “buy” rating in a research report on Thursday, February 19th. Finally, UBS Group dropped their price target on shares of DoorDash from $245.00 to $240.00 and set a “neutral” rating for the company in a research report on Thursday, February 19th. One analyst has rated the stock with a Strong Buy rating, twenty-five have assigned a Buy rating, eight have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $261.32.
More DoorDash News
Here are the key news stories impacting DoorDash this week:
- Positive Sentiment: DoorDash announced a pilot to pay global merchants in stablecoins via integrations with Stripe/Tempo, which could speed cross‑border payouts, reduce FX/friction for some merchants and broaden merchant willingness to accept DoorDash. This is a strategic payments move that can improve working capital and expansion into new markets. Stablecoins Push Into Mainstream Payments as DoorDash Joins Tempo Network
- Neutral Sentiment: COO Prabir Adarkar sold 10,000 shares (~1.17% reduction in his position) under a pre‑arranged Rule 10b5‑1 plan, generating roughly $1.88M at ~\$188.34 per share. Insider sales can be read negatively, but the size is small relative to his holding and the trade was pre‑planned, so this is more likely routine liquidity than a sign of change in corporate outlook. DoorDash COO Sells $1,883,400.00 in Stock
- Negative Sentiment: A Seattle report from the city’s Office of Labor Standards found that its gig‑worker minimum pay ordinance increased pay and order volume, contradicting DoorDash’s claims that the law would harm the marketplace. The report could strengthen regulatory arguments for stricter local pay rules elsewhere, potentially raising delivery costs and pressuring margins if similar policies spread. Seattle report says gig worker pay law is working, countering claims by DoorDash and Uber
- Negative Sentiment: Local news reported a DoorDash driver was arrested during a delivery after authorities found outstanding warrants. While this is an isolated operational/reputational incident, it can raise short‑term PR concerns around driver vetting and safety protocols. Operational fixes would be incremental; reputation risk is limited unless incidents scale. Wanted DoorDash driver with warrants in multiple counties arrested in Mt. Juliet during delivery
DoorDash Price Performance
DASH opened at $177.00 on Friday. The company has a quick ratio of 1.41, a current ratio of 1.41 and a debt-to-equity ratio of 0.27. DoorDash, Inc. has a 52-week low of $143.30 and a 52-week high of $285.50. The company has a 50 day moving average of $166.44 and a two-hundred day moving average of $203.72. The company has a market cap of $76.89 billion, a P/E ratio of 83.49 and a beta of 1.93.
DoorDash (NASDAQ:DASH – Get Free Report) last released its quarterly earnings data on Wednesday, February 18th. The company reported $0.48 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.58 by ($0.10). DoorDash had a return on equity of 10.15% and a net margin of 6.82%.The business had revenue of $3.96 billion for the quarter, compared to analysts’ expectations of $3.98 billion. During the same quarter in the prior year, the firm earned $0.33 earnings per share. DoorDash’s quarterly revenue was up 37.7% compared to the same quarter last year. On average, analysts expect that DoorDash, Inc. will post 2.51 earnings per share for the current year.
Insiders Place Their Bets
In other DoorDash news, COO Prabir Adarkar sold 10,000 shares of the business’s stock in a transaction that occurred on Monday, April 20th. The shares were sold at an average price of $188.34, for a total transaction of $1,883,400.00. Following the completion of the sale, the chief operating officer directly owned 843,678 shares in the company, valued at $158,898,314.52. The trade was a 1.17% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Stanley Tang sold 21,433 shares of the business’s stock in a transaction that occurred on Thursday, April 2nd. The stock was sold at an average price of $150.00, for a total transaction of $3,214,950.00. Following the sale, the director owned 19,279 shares of the company’s stock, valued at approximately $2,891,850. This represents a 52.65% 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 sold a total of 89,406 shares of company stock worth $16,639,624 over the last ninety days. 5.83% of the stock is owned by company insiders.
DoorDash Profile
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.
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