Income Insurance Ltd raised its holdings in DoorDash, Inc. (NASDAQ:DASH – Free Report) by 384.2% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 5,544 shares of the company’s stock after purchasing an additional 4,399 shares during the period. Income Insurance Ltd’s holdings in DoorDash were worth $1,018,000 at the end of the most recent reporting period.
Other large investors have also modified their holdings of the company. Robeco Institutional Asset Management B.V. increased its stake in shares of DoorDash by 2,304.0% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 3,452,110 shares of the company’s stock worth $633,635,000 after purchasing an additional 3,308,512 shares in the last quarter. Assenagon Asset Management S.A. raised its position in shares of DoorDash by 372.0% during the 3rd quarter. Assenagon Asset Management S.A. now owns 3,137,719 shares of the company’s stock worth $575,928,000 after purchasing an additional 2,472,980 shares during the last quarter. Janus Henderson Group PLC lifted its stake in DoorDash by 40.2% in the 1st quarter. Janus Henderson Group PLC now owns 7,762,553 shares of the company’s stock valued at $1,159,377,000 after buying an additional 2,225,954 shares in the last quarter. Vontobel Holding Ltd. lifted its stake in DoorDash by 15,993.1% in the 3rd quarter. Vontobel Holding Ltd. now owns 1,216,478 shares of the company’s stock valued at $223,285,000 after buying an additional 1,208,919 shares in the last quarter. Finally, Temasek Holdings Private Ltd lifted its stake in DoorDash by 49.4% in the 1st quarter. Temasek Holdings Private Ltd now owns 3,461,501 shares of the company’s stock valued at $519,744,000 after buying an additional 1,145,078 shares in the last quarter. 90.64% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
A number of brokerages have commented on DASH. Truist Financial increased their target price on DoorDash from $330.00 to $336.00 and gave the company a “buy” rating in a report on Thursday, August 6th. Barclays downgraded DoorDash from an “equal weight” rating to a “strong sell” rating in a research report on Monday, August 24th. Sanford C. Bernstein reissued an “outperform” rating on shares of DoorDash in a report on Thursday, September 3rd. BTIG Research reissued a “buy” rating and issued a $225.00 price target on shares of DoorDash in a report on Wednesday. Finally, Cantor Fitzgerald reduced their price objective on DoorDash from $260.00 to $240.00 and set an “overweight” rating on the stock in a research report on Monday, October 12th. Two investment analysts have rated the stock with a Strong Buy rating, thirty-one have issued a Buy rating, eight have assigned a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $254.95.
View Our Latest Research Report on DASH
DoorDash Stock Performance
Shares of NASDAQ DASH opened at $184.45 on Thursday. The company has a market cap of $79.92 billion, a PE ratio of 96.57 and a beta of 1.90. DoorDash, Inc. has a 12 month low of $143.30 and a 12 month high of $269.00. 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 company has a 50-day simple moving average of $203.54 and a 200-day simple moving average of $184.98.
DoorDash (NASDAQ:DASH – Get Free Report) last posted its quarterly earnings data on Wednesday, August 5th. The company reported $0.46 earnings per share for the quarter, missing analysts’ consensus estimates of $0.47 by ($0.01). The firm had revenue of $4.45 billion during the quarter, compared to analyst estimates of $4.34 billion. DoorDash had a net margin of 5.29% and a return on equity of 8.48%. The business’s quarterly revenue was up 35.6% on a year-over-year basis. During the same period in the prior year, the firm earned $0.65 EPS. On average, equities analysts anticipate that DoorDash, Inc. will post 2.51 earnings per share for the current year.
Insider Activity
In other DoorDash news, CFO Ravi Inukonda sold 1,017 shares of DoorDash stock in a transaction that occurred on Monday, October 12th. The shares were sold at an average price of $195.00, for a total value of $198,315.00. Following the completion of the sale, the chief financial officer directly owned 217,911 shares of the company’s stock, valued at approximately $42,492,645. The trade was a 0.46% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, COO Prabir Adarkar sold 8,738 shares of DoorDash stock in a transaction that occurred on Monday, September 28th. The stock was sold at an average price of $180.85, for a total transaction of $1,580,267.30. Following the completion of the sale, the chief operating officer directly owned 921,473 shares of the company’s stock, valued at $166,648,392.05. The trade was a 0.94% 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 393,998 shares of company stock valued at $85,861,330 in the last 90 days. Insiders own 44.90% of the company’s stock.
Key Headlines Impacting DoorDash
Here are the key news stories impacting DoorDash this week:
- Positive Sentiment: BTIG reaffirmed its “Buy” rating and set a $225 price target, implying substantial upside from the reference price. The call may support investor confidence despite DoorDash’s premium valuation and recent earnings-per-share shortfall. Source: Benzinga.
- Positive Sentiment: DoorDash highlighted leading pizzerias in Chicago, New York, New Jersey and other markets through its national Top Pizza Spots list. The promotion reinforces consumer engagement, restaurant relationships and DoorDash’s brand visibility. Chicago pizzerias named to DoorDash Top Pizza Spots list
- Neutral Sentiment: Articles described customers trying restaurants and menu items available through DoorDash. These stories provide consumer exposure but are unlikely to materially affect revenue or valuation. New York pizzerias on DoorDash list
- Negative Sentiment: Grubhub’s co-founder has returned to compete with DoorDash, while a separate emerging delivery rival is promoting a model designed to eliminate customer fees. Increased price competition could pressure DoorDash’s take rates, promotions and customer retention. Grubhub co-founder challenges DoorDash
- Negative Sentiment: Several reports involved violent attacks on people making DoorDash deliveries, including the death of a driver and the shooting of a teenage relative. Although the incidents were not presented as corporate misconduct, they could renew concerns about courier safety, insurance costs and reputational risk. Reports of violence during DoorDash deliveries
- Negative Sentiment: A separate report said two children were left at a customer’s home instead of a food delivery, adding to unfavorable coverage around delivery-process controls. The direct financial impact appears limited, but repeated incidents may affect trust. Children reportedly left at DoorDash customer’s home
DoorDash Profile
DoorDash, Inc (NASDAQ:DASH) operates a local commerce platform that connects consumers with restaurants, grocery stores, convenience retailers and other merchants. Through its website and mobile applications, customers can browse products, place orders for delivery or pickup, and access related services.
The company provides merchants with ordering, delivery, logistics, marketing and payment tools. Its offerings include the DoorDash Marketplace, subscription programs such as DashPass, and delivery infrastructure that merchants can use through services including DoorDash Drive.
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