Capital Research Global Investors Sells 745,709 Shares of DoorDash, Inc. $DASH

Key Points

• Capital Research Global Investors trimmed its DoorDash stake by 20.6%, selling 745,709 shares and leaving it with 2,870,284 shares (~0.67%) valued at roughly $780.7M; insiders have also sold about 204,159 shares in the past three months while institutional ownership stands near 90.6%.
• Mixed fundamentals and risks: DoorDash missed quarterly EPS ($0.48 vs. $0.58) despite 37.7% revenue growth, and faces reputational headwinds from a user data breach and driver-related incidents—analysts still show a "Moderate Buy" consensus with a $262.82 average price target but individual broker targets vary widely.

Capital Research Global Investors trimmed its position in shares of DoorDash, Inc. (NASDAQ:DASH - Free Report) by 20.6% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,870,284 shares of the company's stock after selling 745,709 shares during the quarter. Capital Research Global Investors owned 0.67% of DoorDash worth $780,697,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Brighton Jones LLC lifted its holdings in shares of DoorDash by 24.0% in the 4th quarter. Brighton Jones LLC now owns 9,336 shares of the company's stock worth $1,566,000 after buying an additional 1,807 shares during the period. Integrated Wealth Concepts LLC increased its position in shares of DoorDash by 21.5% during the first quarter. Integrated Wealth Concepts LLC now owns 1,715 shares of the company's stock worth $314,000 after purchasing an additional 303 shares in the last quarter. Empowered Funds LLC lifted its holdings in shares of DoorDash by 3.6% during the 1st quarter. Empowered Funds LLC now owns 8,130 shares of the company's stock valued at $1,486,000 after purchasing an additional 285 shares during the last quarter. Sivia Capital Partners LLC boosted its position in shares of DoorDash by 92.9% in the 2nd quarter. Sivia Capital Partners LLC now owns 4,255 shares of the company's stock worth $1,049,000 after purchasing an additional 2,049 shares in the last quarter. Finally, AE Wealth Management LLC purchased a new position in DoorDash during the 2nd quarter worth $239,000. 90.64% of the stock is owned by institutional investors.

Key DoorDash News

Here are the key news stories impacting DoorDash this week:

• Positive Sentiment: Promotions: DoorDash appears in roundups of gift-card deals that can drive near-term order volume and pre-paid cash flow for the platform. Gift card deals
• Neutral Sentiment: Short-interest report looks anomalous (shows increases but lists zero shares/NaN), suggesting a data/reporting error rather than a material change in bearish positioning; monitor for corrected filings.
• Neutral Sentiment: Brand engagement pieces (e.g., local Easter candy popularity) and consumer-interest stories are marketing touchpoints but unlikely to move fundamentals. Easter candy story
• Negative Sentiment: Data breach: DoorDash notified users of a breach, which raises short-term reputational risk, potential remediation costs and regulatory scrutiny—negative for sentiment until scope and impact are clarified. Data breach
• Negative Sentiment: Analyst/valuation pressure: A Zacks piece highlights DASH’s ~32% decline over six months, citing fierce competition and valuation concerns despite order growth—reinforces bearish investor narratives. Zacks valuation piece
• Negative Sentiment: Driver-related safety & operational stories: multiple reports of scams targeting drivers, an arrest of a DoorDash driver, and customer complaints about driver responsibilities create incremental reputational and operational concerns that could pressure margins or recruitment. Driver scam Driver arrest Driver responsibility complaint

Wall Street Analyst Weigh In

Several brokerages have weighed in on DASH. Stifel Nicolaus lowered their price target on DoorDash from $253.00 to $224.00 and set a "hold" rating for the company in a report on Tuesday, January 27th. Mizuho lowered their target price on shares of DoorDash from $320.00 to $255.00 and set an "outperform" rating for the company in a research note on Tuesday, March 3rd. Truist Financial upped their price target on shares of DoorDash from $330.00 to $340.00 and gave the company a "buy" rating in a research note on Thursday, February 19th. Benchmark lifted their price objective on shares of DoorDash from $280.00 to $285.00 and gave the stock a "buy" rating in a research note on Thursday, February 19th. Finally, Oppenheimer reduced their target price on DoorDash from $280.00 to $235.00 and set an "outperform" rating for the company in a research note on Thursday, February 19th. One analyst has rated the stock with a Strong Buy rating, twenty-six have given a Buy rating and nine have given a Hold rating to the stock. According to MarketBeat, DoorDash currently has a consensus rating of "Moderate Buy" and a consensus price target of $262.82.

DoorDash Price Performance

DoorDash stock opened at $169.93 on Wednesday. The stock has a market cap of $73.82 billion, a P/E ratio of 80.16 and a beta of 1.82. The company has a current ratio of 1.41, a quick ratio of 1.41 and a debt-to-equity ratio of 0.27. The company has a 50-day moving average price of $194.30 and a 200 day moving average price of $224.29. DoorDash, Inc. has a 12-month low of $155.40 and a 12-month high of $285.50.

DoorDash (NASDAQ:DASH - Get Free Report) last announced its earnings results on Wednesday, February 18th. The company reported $0.48 earnings per share (EPS) for the quarter, missing analysts' consensus estimates 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%. The firm's revenue for the quarter was up 37.7% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.33 EPS. Sell-side analysts anticipate that DoorDash, Inc. will post 2.22 earnings per share for the current year.

Insider Activity at DoorDash

In other news, Director Stanley Tang sold 45,410 shares of the firm's stock in a transaction dated Monday, February 2nd. The stock was sold at an average price of $209.01, for a total transaction of $9,491,144.10. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, COO Prabir Adarkar sold 15,000 shares of the business's stock in a transaction dated Tuesday, January 20th. The shares were sold at an average price of $204.59, for a total value of $3,068,850.00. Following the completion of the sale, the chief operating officer directly owned 874,130 shares of the company's stock, valued at $178,838,256.70. The trade was a 1.69% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 204,159 shares of company stock worth $45,111,536 over the last three months. Company insiders own 5.83% of the company's stock.

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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