19,799 DoorDash, Inc. $DASH Shares Bought by Sowell Financial Services LLC

Key Points

• Institutional ownership increased significantly: Sowell Financial Services boosted its DoorDash stake by 702.6%, buying 19,799 additional shares to hold 22,617 shares worth approximately $4.15 million. Institutional investors collectively own 90.64% of the company.
• DoorDash exceeded third-quarter expectations: Adjusted earnings came in at $1.06 per share versus the $0.81 consensus, while revenue increased 34% year over year to $4.62 billion. Analysts maintain a consensus “Moderate Buy” rating with an average price target of $254.95.
• Insiders have been selling shares: COO Prabir Adarkar and CEO Tony Xu sold shares through pre-arranged Rule 10b5-1 plans, contributing to $85.9 million in insider sales over the past 90 days.

Sowell Financial Services LLC grew its holdings in DoorDash, Inc. (NASDAQ:DASH - Free Report) by 702.6% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 22,617 shares of the company's stock after purchasing an additional 19,799 shares during the period. Sowell Financial Services LLC's holdings in DoorDash were worth $4,151,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the business. Robeco Institutional Asset Management B.V. grew its holdings in shares of DoorDash by 2,304.0% during the third quarter. Robeco Institutional Asset Management B.V. now owns 3,452,110 shares of the company's stock valued at $633,635,000 after buying an additional 3,308,512 shares in the last quarter. Assenagon Asset Management S.A. lifted its stake in DoorDash by 372.0% in the 3rd quarter. Assenagon Asset Management S.A. now owns 3,137,719 shares of the company's stock worth $575,928,000 after acquiring an additional 2,472,980 shares in 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 worth $1,159,377,000 after acquiring an additional 2,225,954 shares in the last quarter. Vontobel Holding Ltd. boosted its position in DoorDash by 15,993.1% during the 3rd quarter. Vontobel Holding Ltd. now owns 1,216,478 shares of the company's stock worth $223,285,000 after acquiring an additional 1,208,919 shares during the period. Finally, Temasek Holdings Private Ltd boosted its position in DoorDash by 49.4% during the 1st quarter. Temasek Holdings Private Ltd now owns 3,461,501 shares of the company's stock worth $519,744,000 after acquiring an additional 1,145,078 shares during the period. Institutional investors and hedge funds own 90.64% of the company's stock.

Analysts Set New Price Targets

DASH has been the topic of several research analyst reports. Scotiabank started coverage on DoorDash in a research note on Wednesday, September 9th. They set a "sector outperform" rating and a $275.00 target price on the stock. Jefferies Financial Group upped their price objective on shares of DoorDash from $225.00 to $250.00 and gave the company a "buy" rating in a research note on Tuesday, August 11th. Susquehanna increased their target price on shares of DoorDash from $225.00 to $250.00 and gave the stock a "positive" rating in a research report on Friday, August 7th. Loop Capital increased their target price on shares of DoorDash from $225.00 to $280.00 and gave the stock a "buy" rating in a research report on Tuesday, September 22nd. Finally, Wells Fargo & Company lifted their target price on shares of DoorDash from $225.00 to $230.00 and gave the company a "cautious" rating in a research note on Monday, October 5th. Two analysts have rated the stock with a Strong Buy rating, thirty-one have assigned a Buy rating, eight have issued a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, DoorDash currently has a consensus rating of "Moderate Buy" and an average price target of $254.95.

Insider Activity

In other DoorDash news, COO Prabir Adarkar sold 55,289 shares of the business's stock in a transaction that occurred on Tuesday, August 25th. The shares were sold at an average price of $231.76, for a total value of $12,813,778.64. Following the completion of the sale, the chief operating officer directly owned 930,211 shares of the company's stock, valued at $215,585,701.36. The trade was a 5.61% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Tony Xu sold 29,567 shares of the stock in a transaction on Monday, August 24th. The stock was sold at an average price of $230.00, for a total transaction of $6,800,410.00. Following the transaction, the chief executive officer owned 1,500 shares in the company, valued at approximately $345,000. This trade represents a 95.17% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders have sold 393,998 shares of company stock valued at $85,861,330. 44.90% of the stock is currently owned by company insiders.

Trending Headlines about DoorDash

Here are the key news stories impacting DoorDash this week:

• Positive Sentiment: Q3 earnings beat expectations. DoorDash reported adjusted earnings of $1.06 per share, versus the $0.81 analyst consensus, while revenue rose 34% year over year to $4.62 billion, topping estimates of $4.56 billion. The company said it set quarterly records for marketplace gross order volume, revenue and net income. DoorDash Q3 earnings report
• Positive Sentiment: Instacart acquisition expands DoorDash’s grocery opportunity. The cash-and-stock deal would combine DoorDash’s restaurant-delivery scale with Instacart’s grocery marketplace, strengthening the company’s position in local commerce and helping it compete with Amazon and Walmart. Both brands are expected to remain in operation, while the transaction could create cross-selling and delivery-network efficiencies. Closing is expected in late 2027 or the first half of 2028. DoorDash to acquire Instacart
• Neutral Sentiment: Instacart brings solid operating momentum. Instacart reported third-quarter gross transaction volume growth of 15%, revenue growth of 17%, and adjusted EBITDA growth of 23%, providing DoorDash with a growing grocery platform but also adding significant integration responsibilities. Instacart third-quarter results
• Negative Sentiment: Investors face execution, dilution and regulatory risks. The $17 billion purchase price is substantial, and the cash-and-stock structure could dilute DoorDash shareholders and pressure returns if anticipated synergies fail to materialize. Critics, including New York City Mayor Zohran Mamdani, warned that reduced competition could lead to higher customer prices and weaker worker conditions, potentially increasing antitrust and political scrutiny. Criticism of the DoorDash Instacart deal

DoorDash Stock Up 5.6%

DASH opened at $179.00 on Friday. The company has a market capitalization of $77.56 billion, a PE ratio of 93.72 and a beta of 1.90. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.37 and a quick ratio of 1.37. DoorDash, Inc. has a fifty-two week low of $143.30 and a fifty-two week high of $265.45. The business has a 50-day moving average of $198.71 and a 200-day moving average of $183.29.

DoorDash (NASDAQ:DASH - Get Free Report) last announced its quarterly earnings results on Thursday, October 29th. The company reported $1.06 EPS for the quarter, beating the consensus estimate of $0.81 by $0.25. DoorDash had a return on equity of 8.48% and a net margin of 5.29%. The business had revenue of $4.62 billion during the quarter, compared to analysts' expectations of $4.56 billion. During the same quarter in the previous year, the business posted $0.55 EPS. The firm's quarterly revenue was up 34.0% compared to the same quarter last year. Equities research analysts forecast that DoorDash, Inc. will post 2.51 EPS for the current fiscal year.

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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