528,548 DoorDash, Inc. $DASH Shares Purchased by Godsey & Gibb Inc.

Key Points

• Godsey & Gibb significantly increased its DoorDash stake, purchasing 528,548 additional shares in the third quarter and bringing its holdings to 528,583 shares worth approximately $97 million. Institutional investors collectively own 90.64% of DoorDash.
• DoorDash shares opened at $184.01 after falling 4.7%, while the company’s latest quarterly results showed revenue rising 35.6% year over year to $4.45 billion, though EPS of $0.46 narrowly missed estimates.
• Analysts maintain a generally positive outlook, with a consensus “Moderate Buy” rating and a $254.95 price target; however, insiders sold roughly $85.9 million of stock over the past three months.

Godsey & Gibb Inc. boosted its holdings in shares of DoorDash, Inc. (NASDAQ:DASH - Free Report) by 1,510,137.1% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 528,583 shares of the company's stock after buying an additional 528,548 shares during the quarter. DoorDash accounts for 6.7% of Godsey & Gibb Inc.'s investment portfolio, making the stock its 2nd largest position. Godsey & Gibb Inc. owned approximately 0.12% of DoorDash worth $97,021,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of DASH. Janus Henderson Group PLC increased its stake in shares of DoorDash by 40.2% during the first quarter. Janus Henderson Group PLC now owns 7,762,553 shares of the company's stock worth $1,159,377,000 after buying an additional 2,225,954 shares during the period. Temasek Holdings Private Ltd raised its stake 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 in the last quarter. Bank of America Corp DE lifted its position in DoorDash by 18.4% in the first quarter. Bank of America Corp DE now owns 3,449,266 shares of the company's stock valued at $517,907,000 after acquiring an additional 536,080 shares during the last quarter. Amundi lifted its position in DoorDash by 31.1% in the first quarter. Amundi now owns 2,315,722 shares of the company's stock valued at $347,706,000 after acquiring an additional 549,387 shares during the last quarter. Finally, Artisan Partners Limited Partnership lifted its position in DoorDash by 23.7% in the fourth quarter. Artisan Partners Limited Partnership now owns 1,695,291 shares of the company's stock valued at $383,950,000 after acquiring an additional 324,812 shares during the last quarter. Hedge funds and other institutional investors own 90.64% of the company's stock.

DoorDash Trading Down 4.7%

Shares of DoorDash stock opened at $184.01 on Thursday. The company has a 50-day moving average of $205.78 and a two-hundred day moving average of $183.57. The company has a current ratio of 1.37, a quick ratio of 1.37 and a debt-to-equity ratio of 0.27. The stock has a market cap of $79.73 billion, a PE ratio of 96.34 and a beta of 1.90. DoorDash, Inc. has a 12-month low of $143.30 and a 12-month high of $285.50.

DoorDash (NASDAQ:DASH - Get Free Report) last announced its earnings results on Wednesday, August 5th. The company reported $0.46 EPS for the quarter, missing analysts' consensus estimates of $0.47 by ($0.01). DoorDash had a net margin of 5.29% and a return on equity of 8.48%. The company had revenue of $4.45 billion for the quarter, compared to analyst estimates of $4.34 billion. During the same quarter last year, the company posted $0.65 EPS. DoorDash's quarterly revenue was up 35.6% compared to the same quarter last year. On average, research analysts anticipate that DoorDash, Inc. will post 2.51 EPS for the current fiscal year.

Insider Activity at DoorDash

In other news, Director Andy Fang sold 5,000 shares of the company's stock in a transaction on Thursday, October 1st. The shares were sold at an average price of $183.69, for a total value of $918,450.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available 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 stock in a transaction dated Friday, October 2nd. The shares were sold at an average price of $186.19, for a total value of $4,305,643.75. Following the completion of the transaction, the director directly owned 10,361 shares of the company's stock, valued at $1,929,114.59. This represents a 69.06% 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. Insiders sold a total of 393,998 shares of company stock valued at $85,861,330 over the last three months. Insiders own 44.90% of the company's stock.

Key DoorDash News

Here are the key news stories impacting DoorDash this week:

• Positive Sentiment: DoorDash is partnering with Woolworths Group to bring BIG W to its Australian marketplace, offering more than 35,000 everyday products with delivery in as little as 60 minutes. The agreement expands DoorDash’s retail selection and supports its strategy of increasing order frequency beyond restaurant delivery. BIG W Lands on DoorDash App
• Positive Sentiment: DoorDash launched an on-demand delivery collaboration with SKIMS, giving customers access to apparel and related products. The partnership, supported by Kim Kardashian-focused marketing, could improve consumer awareness of DoorDash’s non-food offerings. SKIMS and DoorDash Partnership
• Positive Sentiment: DoorDash is expanding into Geraldton, Kalgoorlie and Horsham in Australia, indicating continued investment in regional coverage and potential long-term marketplace growth. DoorDash Regional Australian Expansion

Analyst Ratings Changes

Several equities analysts have issued reports on the company. KeyCorp dropped their price objective on DoorDash from $280.00 to $275.00 and set an "overweight" rating on the stock in a report on Tuesday, July 14th. JPMorgan Chase & Co. boosted their target price on DoorDash from $250.00 to $262.00 in a report on Wednesday, August 5th. Guggenheim reissued a "buy" rating and issued a $255.00 target price on shares of DoorDash in a research report on Wednesday. Deutsche Bank Aktiengesellschaft raised their price target on DoorDash from $255.00 to $260.00 and gave the stock a "buy" rating in a research note on Thursday, August 6th. Finally, Loop Capital lifted their price target on DoorDash from $225.00 to $280.00 and gave the stock a "buy" rating in a research report on Tuesday, September 22nd. Two equities research 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's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $254.95.

DoorDash Profile

DoorDash, Inc is a technology company that operates a local commerce platform connecting consumers with restaurants, grocery stores, convenience retailers and other merchants. Through its DoorDash app and website, customers can discover businesses, place orders for delivery or pickup, and access related services. The company also provides merchants with tools for online ordering, logistics, customer engagement, advertising and business analytics.

DoorDash generates additional activity through subscription programs such as DashPass, which provides participating customers with delivery-related benefits, and through its logistics and commerce solutions for merchants.

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