Mirae Asset Global Investments Co. Ltd. Purchases 31,866 Shares of DoorDash, Inc. $DASH

Mirae Asset Global Investments Co. Ltd. raised its position in shares of DoorDash, Inc. (NASDAQ:DASH) by 15.4% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 238,818 shares of the company’s stock after acquiring an additional 31,866 shares during the period. Mirae Asset Global Investments Co. Ltd.’s holdings in DoorDash were worth $54,088,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of DASH. PDS Planning Inc raised its position in shares of DoorDash by 6.3% during the 4th quarter. PDS Planning Inc now owns 1,835 shares of the company’s stock valued at $416,000 after buying an additional 109 shares in the last quarter. Childress Capital Advisors LLC purchased a new position in DoorDash during the 4th quarter valued at $202,000. KBC Group NV grew its holdings in shares of DoorDash by 9.6% in the fourth quarter. KBC Group NV now owns 292,464 shares of the company’s stock worth $66,237,000 after purchasing an additional 25,529 shares during the last quarter. Generali Investments Towarzystwo Funduszy Inwestycyjnych increased its position in shares of DoorDash by 45.5% during the fourth quarter. Generali Investments Towarzystwo Funduszy Inwestycyjnych now owns 800 shares of the company’s stock worth $181,000 after acquiring an additional 250 shares during the period. Finally, PFG Investments LLC purchased a new position in DoorDash during the 4th quarter worth $260,000. 90.64% of the stock is currently owned by institutional investors.

DoorDash Stock Down 0.3%

Shares of NASDAQ:DASH opened at $179.33 on Friday. The business has a 50-day moving average price of $165.95 and a 200 day moving average price of $206.76. The company has a market capitalization of $77.91 billion, a price-to-earnings ratio of 84.59 and a beta of 1.93. DoorDash, Inc. has a 12-month low of $143.30 and a 12-month high of $285.50. The company has a current ratio of 1.41, a quick ratio of 1.41 and a debt-to-equity ratio of 0.27.

DoorDash (NASDAQ:DASH) last posted 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). The firm had revenue of $3.96 billion during the quarter, compared to analysts’ expectations of $3.98 billion. DoorDash had a net margin of 6.82% and a return on equity of 10.15%. DoorDash’s quarterly revenue was up 37.7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.33 EPS. Sell-side analysts expect that DoorDash, Inc. will post 2.22 EPS for the current year.

Analysts Set New Price Targets

Several equities analysts recently issued reports on DASH shares. Guggenheim cut their price objective on shares of DoorDash from $275.00 to $255.00 and set a “buy” rating on the stock in a report on Thursday, February 19th. Citizens Jmp dropped their target price on shares of DoorDash from $285.00 to $250.00 and set a “market outperform” rating on the stock in a research report on Friday, February 20th. Moffett Nathanson set a $276.00 price objective on DoorDash in a report on Wednesday. Piper Sandler reissued a “neutral” rating and set a $220.00 target price (down from $230.00) on shares of DoorDash in a report on Thursday, February 19th. Finally, Cantor Fitzgerald cut their target price on shares of DoorDash from $285.00 to $230.00 and set an “overweight” rating for the company in a report on Thursday, February 19th. One investment analyst has rated the stock with a Strong Buy rating, twenty-five have given a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, DoorDash has an average rating of “Moderate Buy” and an average price target of $261.32.

Insider Buying and Selling

In other DoorDash news, Director Shona L. Brown sold 1,250 shares of the firm’s stock in a transaction dated Monday, March 9th. The stock was sold at an average price of $176.61, for a total transaction of $220,762.50. Following the transaction, the director owned 31,002 shares of the company’s stock, valued at approximately $5,475,263.22. This trade represents a 3.88% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, COO Prabir Adarkar sold 15,000 shares of DoorDash stock in a transaction that occurred on Tuesday, January 20th. The stock was sold at an average price of $204.59, for a total value of $3,068,850.00. Following the transaction, the chief operating officer directly owned 874,130 shares in the company, valued at approximately $178,838,256.70. This trade represents a 1.69% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders sold 94,406 shares of company stock worth $17,825,074. Corporate insiders own 5.83% of the company’s stock.

DoorDash News Summary

Here are the key news stories impacting DoorDash this week:

• Neutral Sentiment: Wide media coverage describes the White House delivery stunt (the “DoorDash grandma” delivering McDonald’s to President Trump) and the surrounding controversy, increasing public attention on DoorDash’s brand and political exposure. Trump’s ‘DoorDash grandma’ had previously lobbied for the president, setting off controversy
• Neutral Sentiment: Follow-up reporting raised questions about the identity and background of the person used in the stunt, adding layers of fact-checking and scrutiny. Was Trump’s ‘DoorDash Grandma’ real?
• Neutral Sentiment: Competitor and industry reactions (e.g., HelloFresh) amplified the social-media conversation, keeping the story in the headlines. HelloFresh issues brutal response to Trump DoorDash moment
• Negative Sentiment: DoorDash’s PR response, including a widely shared comment telling critics to “you need to touch grass,” escalated backlash and turned attention toward the company’s communications judgment. DoorDash Defends White House Delivery, ‘You Need To Touch Grass’
• Negative Sentiment: Social media calls to cancel DoorDash and multiple negative stories characterize the episode as a PR meltdown — a reputational hit that could affect consumer behavior and merchant relationships if sustained. DoorDash Meltdown After Trump Stunt Backfires
• Negative Sentiment: Analyst action: Zacks downgraded DoorDash from “hold” to “strong sell,” citing concerns that contributed to additional selling pressure. Zacks downgrade coverage
• Negative Sentiment: Stifel has lowered its expectations for DASH, a sign that sell-side sentiment is turning more cautious after the PR fallout and recent earnings that missed estimates. Stifel Nicolaus Has Lowered Expectations for DoorDash (NASDAQ:DASH) Stock Price

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.