Aquatic Capital Management LLC Purchases New Stake in DoorDash, Inc. $DASH

Key Points

• Aquatic Capital bought a new stake of 97,058 shares in DoorDash during the third quarter worth about $26.4 million, joining other large institutional moves (Norges Bank's new ~$1.19B position and Vanguard's 41.19M‑share holding); institutions now own roughly 90.64% of the stock.
• DoorDash last quarter missed EPS ($0.48 vs. $0.58 estimate) and slightly missed revenue ($3.96B vs. $3.98B), though revenue was up 37.7% year‑over‑year; the company has a $70.1B market cap and an average analyst price target of about $262.82 (Moderate Buy).

Aquatic Capital Management LLC purchased a new stake in shares of DoorDash, Inc. (NASDAQ:DASH - Free Report) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 97,058 shares of the company's stock, valued at approximately $26,399,000.

Several other institutional investors also recently bought and sold shares of the business. Norges Bank purchased a new position in DoorDash in the second quarter valued at about $1,185,576,000. Vanguard Group Inc. boosted its position in shares of DoorDash by 4.6% in the second quarter. Vanguard Group Inc. now owns 41,190,085 shares of the company's stock worth $10,153,768,000 after buying an additional 1,792,799 shares during the period. Scge Management L.P. acquired a new stake in shares of DoorDash in the second quarter valued at about $267,463,000. Invesco Ltd. grew its stake in shares of DoorDash by 18.2% in the third quarter. Invesco Ltd. now owns 6,355,628 shares of the company's stock valued at $1,728,667,000 after buying an additional 980,148 shares in the last quarter. Finally, Ninety One UK Ltd purchased a new stake in shares of DoorDash during the 3rd quarter valued at about $259,154,000. 90.64% of the stock is currently owned by hedge funds and other institutional investors.

DoorDash Trading Down 0.2%

NASDAQ DASH opened at $161.36 on Friday. The company has a market capitalization of $70.10 billion, a price-to-earnings ratio of 76.11 and a beta of 1.82. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.41 and a quick ratio of 1.41. DoorDash, Inc. has a 12 month low of $155.40 and a 12 month high of $285.50. The company's fifty day moving average price is $190.69 and its two-hundred day moving average price is $222.72.

DoorDash (NASDAQ:DASH - Get Free Report) last issued its quarterly earnings results on Wednesday, February 18th. The company reported $0.48 EPS for the quarter, missing the consensus estimate of $0.58 by ($0.10). The company had revenue of $3.96 billion for the quarter, compared to the consensus estimate of $3.98 billion. DoorDash had a return on equity of 10.15% and a net margin of 6.82%.The business's revenue for the quarter was up 37.7% on a year-over-year basis. During the same period in the previous year, the business posted $0.33 EPS. As a group, research analysts predict that DoorDash, Inc. will post 2.22 earnings per share for the current fiscal year.

Insider Activity

In other DoorDash news, Director Stanley Tang sold 45,410 shares of the business's stock in a transaction on Monday, February 2nd. The shares were sold at an average price of $209.01, for a total transaction of $9,491,144.10. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Shona L. Brown sold 1,250 shares of the 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 sale, the director owned 31,002 shares in the company, valued at approximately $5,475,263.22. This trade represents a 3.88% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 205,409 shares of company stock valued at $45,332,298 over the last quarter. 5.83% of the stock is owned by company insiders.

DoorDash News Summary

Here are the key news stories impacting DoorDash this week:

• Positive Sentiment: Strong marketplace growth: Zacks reports DoorDash’s marketplace GOV jumped ~39% to $29.7B in Q4 2025 and Q1 2026 GOV is projected at $31B–$31.8B, signaling continued demand across restaurants, retail and grocery that supports revenue upside. Read More.
• Positive Sentiment: Retail partnership expansion: Convenience chain Casey’s launched a hunger‑relief campaign with DoorDash — a sign DoorDash is deepening local retail and grocery integrations that can lift GOV and merchant service fees. Read More.
• Positive Sentiment: Strong PR / brand goodwill from viral donor response: Multiple outlets report ~$500K raised for a 78‑year‑old DoorDash driver after a viral delivery video. This goodwill can help consumer sentiment and local brand reputation, though it’s unlikely to move fundamentals materially. Read More.
• Neutral Sentiment: Industry tech developments: Grubhub plans drone trials, joining DoorDash and Uber Eats in delivery experimentation — underscores industry innovation but also rising capex/tech competition risks. Read More.
• Negative Sentiment: Insider selling: Director Shona Brown sold 1,250 shares (disclosed in an SEC filing). While not large relative to institutional ownership, insider sales can weigh on short‑term sentiment. Read More.
• Negative Sentiment: Macro / geopolitical headwinds: Benzinga notes fresh geopolitical turmoil in the Middle East pressured shares — DoorDash is sensitive to consumer spending shifts and market volatility that can reduce order frequency. Read More.
• Negative Sentiment: Driver economics under pressure: Local reporting highlights rising gas prices squeezing Dashers in some regions — higher fuel costs can hurt driver supply, consumer prices, or DoorDash’s commission/marketing dynamics. Read More.

Analyst Upgrades and Downgrades

DASH has been the subject of a number of analyst reports. The Goldman Sachs Group set a $267.00 price target on DoorDash in a report on Monday, February 2nd. Cantor Fitzgerald reduced their target price on shares of DoorDash from $285.00 to $230.00 and set an "overweight" rating on the stock in a research report on Thursday, February 19th. KeyCorp upped their target price on shares of DoorDash from $275.00 to $280.00 and gave the company an "overweight" rating in a research note on Thursday, February 19th. Citizens Jmp lowered their price target on shares of DoorDash from $285.00 to $250.00 and set a "market outperform" rating for the company in a report on Friday, February 20th. Finally, Bank of America lifted their price target on shares of DoorDash from $260.00 to $272.00 and gave the stock a "buy" rating in a research note on Thursday, February 19th. One investment analyst has rated the stock with a Strong Buy rating, twenty-six have assigned a Buy rating and nine have given a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $262.82.

DoorDash Profile

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.

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