Retirement Systems of Alabama Acquires 310,644 Shares of DoorDash, Inc. $DASH

Posted by George Bondi on Nov 10th, 2026

Retirement Systems of Alabama boosted its holdings in DoorDash, Inc. (NASDAQ:DASH – Free Report) by 390.8% during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 390,142 shares of the company’s stock after acquiring an additional 310,644 shares during the quarter. Retirement Systems of Alabama’s holdings in DoorDash were worth $71,611,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in the business. Joseph Group Capital Management boosted its position in shares of DoorDash by 341.5% during the third quarter. Joseph Group Capital Management now owns 649 shares of the company’s stock valued at $119,000 after buying an additional 502 shares during the last quarter. Fulcrum Asset Management LLP bought a new stake in DoorDash during the third quarter worth $24,580,000. Avion Wealth grew its holdings in DoorDash by 5,236.4% during the third quarter. Avion Wealth now owns 6,457 shares of the company’s stock worth $1,185,000 after buying an additional 6,336 shares in the last quarter. Brighton Jones LLC raised its position in DoorDash by 108.9% in the 3rd quarter. Brighton Jones LLC now owns 26,398 shares of the company’s stock valued at $4,845,000 after buying an additional 13,764 shares during the last quarter. Finally, Candriam S.C.A. raised its position in DoorDash by 674.0% in the 3rd quarter. Candriam S.C.A. now owns 205,300 shares of the company’s stock valued at $37,683,000 after buying an additional 178,777 shares during the last quarter. Institutional investors own 90.64% of the company’s stock.

Insider Activity

In other news, Director Stanley Tang sold 23,125 shares of DoorDash stock in a transaction on Monday, November 2nd. The stock was sold at an average price of $188.71, for a total transaction of $4,363,918.75. Following the sale, the director directly owned 10,361 shares in the company, valued at $1,955,224.31. The trade was a 69.06% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, COO Keith Yandell sold 2,183 shares of DoorDash stock in a transaction on Thursday, October 1st. The stock was sold at an average price of $183.69, for a total value of $400,995.27. Following the sale, the chief operating officer owned 118,505 shares in the company, valued at $21,768,183.45. The trade was a 1.81% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders sold 349,430 shares of company stock worth $76,644,002. 44.90% of the stock is owned by insiders.

Key DoorDash News

Here are the key news stories impacting DoorDash this week:

Positive Sentiment: A new Lyft partnership is presented as a potential source of value for DoorDash, and one analysis argues the stock may be undervalued. Any benefit will depend on how the partnership translates into business results. Article: Is DoorDash Undervalued Following Its New Lyft Partnership?
Positive Sentiment: An opinion article pushes back on claims that AI agents pose an existential threat to DoorDash, potentially easing concerns that automated ordering could disrupt its marketplace. It is commentary, not new company guidance. Article: AI Agents Are an Existential Risk to DoorDash? Seriously? I’ll Take the Under
Neutral Sentiment: Instacart reportedly cited competition from Walmart and Amazon in arguing that its proposed merger with DoorDash should be approved. The argument highlights the competitive landscape, but the article does not establish that regulators have approved the deal. Article: Instacart Points to Walmart and Amazon as Reasons Its Merger with DoorDash Should Be Approved
Neutral Sentiment: Reports about a missing DoorDash driver and a separate driver charged in a hit-and-run have drawn attention, but the stories describe individual incidents and do not report a company-wide operational or financial impact. Article: DoorDash Driver Disappeared After Making One Final Delivery Article: DoorDash Hit-and-Run Driver Charged
Negative Sentiment: Coverage says some shareholders doubt DoorDash can compete effectively with Amazon, while Amazon’s deal with Uber Eats adds to competitive concerns. This may weigh on sentiment around DoorDash’s growth prospects. Article: DoorDash Shareholders Aren’t Convinced the Company Can Take On Amazon
Negative Sentiment: Uber is asking an appeals court to keep a DoorDash-related case out of arbitration. The dispute adds legal uncertainty, though the headline alone does not indicate the likely outcome or financial exposure. Article: Uber Asks Appeals Court to Keep DoorDash Case Out of Arbitration

Analysts Set New Price Targets

DASH has been the topic of several recent analyst reports. Argus raised their price objective on DoorDash from $190.00 to $270.00 in a research note on Thursday, August 27th. BTIG Research reiterated a “buy” rating and issued a $225.00 target price on shares of DoorDash in a research note on Wednesday, October 21st. Jefferies Financial Group increased their target price on shares of DoorDash from $225.00 to $250.00 and gave the company a “buy” rating in a report on Tuesday, August 11th. Loop Capital raised their price target on shares of DoorDash from $225.00 to $280.00 and gave the company a “buy” rating in a research report on Tuesday, September 22nd. Finally, Barclays dropped their price target on shares of DoorDash from $230.00 to $205.00 and set an “equal weight” rating on the stock in a research report on Friday, October 30th. One research analyst has rated the stock with a Strong Buy rating, thirty-one have assigned a Buy rating and ten have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $249.39.

Read Our Latest Report on DASH

DoorDash Stock Performance

Shares of DASH opened at $180.96 on Tuesday. The company has a current ratio of 1.46, a quick ratio of 1.37 and a debt-to-equity ratio of 0.25. The company has a market capitalization of $78.41 billion, a price-to-earnings ratio of 74.78 and a beta of 1.98. The stock has a 50 day moving average of $192.26 and a 200 day moving average of $182.38. DoorDash, Inc. has a 12 month low of $143.30 and a 12 month high of $239.00.

DoorDash (NASDAQ:DASH – Get Free Report) last posted its quarterly earnings data on Thursday, October 29th. The company reported $1.06 earnings per share for the quarter, topping the consensus estimate of $0.81 by $0.25. DoorDash had a return on equity of 10.40% and a net margin of 6.23%. The business had revenue of $4.62 billion for the quarter, compared to analysts’ expectations of $4.56 billion. During the same quarter in the previous year, the firm earned $0.55 earnings per share. The business’s revenue was up 34.0% on a year-over-year basis. As a group, sell-side analysts forecast that DoorDash, Inc. will post 2.68 earnings per share for the current year.

DoorDash Company Profile

(Free Report)

DoorDash, Inc operates a local commerce platform that connects consumers with restaurants and other merchants, as well as with independent delivery workers. Through its app and website, customers can order restaurant meals, groceries, convenience items and products from other local retailers for delivery or pickup.

The company also provides services for merchants, including tools for online ordering, marketing and fulfillment. Its offerings include DoorDash Drive, which provides delivery logistics for merchants’ own orders, and DashPass, a subscription program for eligible orders.