Coronation Fund Managers Ltd. Purchases New Stake in DoorDash, Inc. $DASH

Posted by Francis Steltz on Jul 23rd, 2026

Coronation Fund Managers Ltd. acquired a new position in shares of DoorDash, Inc. (NASDAQ:DASH – Free Report) during the first quarter, Holdings Channel.com reports. The institutional investor acquired 194,738 shares of the company’s stock, valued at approximately $29,240,000. DoorDash makes up about 1.3% of Coronation Fund Managers Ltd.’s investment portfolio, making the stock its 19th biggest position.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Militia Capital Management LLC purchased a new stake in DoorDash in the 1st quarter valued at $348,000. Westpac Banking Corp raised its holdings in shares of DoorDash by 111.9% during the 1st quarter. Westpac Banking Corp now owns 15,704 shares of the company’s stock worth $2,358,000 after acquiring an additional 8,294 shares during the period. Himension Capital Singapore PTE. LTD. boosted its position in shares of DoorDash by 38.7% during the 1st quarter. Himension Capital Singapore PTE. LTD. now owns 5,706 shares of the company’s stock valued at $857,000 after acquiring an additional 1,591 shares during the last quarter. Temasek Holdings Private Ltd boosted its position in shares of DoorDash by 49.4% during the 1st quarter. Temasek Holdings Private Ltd now owns 3,461,501 shares of the company’s stock valued at $519,744,000 after acquiring an additional 1,145,078 shares during the last quarter. Finally, Danica Pension Livsforsikringsaktieselskab purchased a new stake in shares of DoorDash in the first quarter valued at about $7,901,000. Institutional investors and hedge funds own 90.64% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on DASH shares. DA Davidson cut their price objective on shares of DoorDash from $224.00 to $200.00 and set a “neutral” rating for the company in a research report on Thursday, May 7th. Rothschild & Co Redburn set a $350.00 target price on shares of DoorDash in a report on Tuesday, May 12th. Wedbush began coverage on shares of DoorDash in a research note on Thursday, July 16th. They issued a “neutral” rating and a $205.00 price target for the company. BTIG Research cut their price target on shares of DoorDash from $280.00 to $225.00 and set a “buy” rating for the company in a report on Friday, June 12th. Finally, Citigroup reaffirmed a “market outperform” rating on shares of DoorDash in a research report on Monday, June 22nd. One equities research analyst has rated the stock with a Strong Buy rating, twenty-four have issued a Buy rating, nine have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $252.89.

View Our Latest Stock Report on DASH

DoorDash Price Performance

Shares of DASH opened at $177.73 on Thursday. The firm has a 50-day simple moving average of $171.62 and a two-hundred day simple moving average of $176.41. The stock has a market cap of $77.44 billion, a PE ratio of 84.63 and a beta of 1.78. 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 1.43 and a quick ratio of 1.43.

DoorDash (NASDAQ:DASH – Get Free Report) last issued its quarterly earnings data on Wednesday, May 6th. The company reported $0.42 EPS for the quarter, topping the consensus estimate of $0.36 by $0.06. The firm had revenue of $4.04 billion for the quarter, compared to analyst estimates of $4.15 billion. DoorDash had a net margin of 6.29% and a return on equity of 9.58%. The business’s revenue for the quarter was up 33.1% compared to the same quarter last year. During the same period in the prior year, the business posted $0.44 EPS. As a group, analysts forecast that DoorDash, Inc. will post 2.39 EPS for the current year.

Insider Buying and Selling

In other DoorDash news, Director Andy Fang sold 5,000 shares of the company’s stock in a transaction on Wednesday, June 24th. The stock was sold at an average price of $180.00, for a total transaction of $900,000.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Stanley Tang sold 23,125 shares of the firm’s stock in a transaction on Thursday, July 2nd. The stock was sold at an average price of $191.19, for a total value of $4,421,268.75. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 74,927 shares of company stock valued at $13,241,532 over the last quarter. 5.83% of the stock is owned by corporate insiders.

DoorDash Company Profile

(Free Report)

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.