Citizens Financial Group Inc. RI Acquires 19,971 Shares of DoorDash, Inc. $DASH

Key Points

• Citizens Financial Group increased its DoorDash stake by 60.2% in the third quarter, adding 19,971 shares to own 53,152 shares valued at approximately $9.76 million. Institutional investors and hedge funds collectively own 90.64% of DoorDash.
• DoorDash insiders sold 393,998 shares worth about $85.9 million over the past three months, including sales by CFO Ravi Inukonda and director Andy Fang. The company’s insiders retain a 44.90% ownership stake.
• DoorDash reported 35.6% year-over-year revenue growth to $4.45 billion in its latest quarter, though earnings of $0.46 per share narrowly missed estimates. Shares opened at $179.38, while analysts maintain a “Moderate Buy” consensus with a $254.95 target price.

Citizens Financial Group Inc. RI increased its holdings in DoorDash, Inc. (NASDAQ:DASH - Free Report) by 60.2% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 53,152 shares of the company's stock after buying an additional 19,971 shares during the period. Citizens Financial Group Inc. RI's holdings in DoorDash were worth $9,756,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in the business. Washington Trust Advisors Inc. raised its position in DoorDash by 81.0% during the second quarter. Washington Trust Advisors Inc. now owns 143 shares of the company's stock worth $26,000 after acquiring an additional 64 shares during the last quarter. Activest Wealth Management grew its position in shares of DoorDash by 892.9% in the third quarter. Activest Wealth Management now owns 139 shares of the company's stock valued at $26,000 after purchasing an additional 125 shares during the last quarter. City State Bank increased its stake in shares of DoorDash by 56.0% during the 3rd quarter. City State Bank now owns 156 shares of the company's stock worth $29,000 after purchasing an additional 56 shares in the last quarter. Clark Wealth Partners increased its stake in shares of DoorDash by 833.3% during the 3rd quarter. Clark Wealth Partners now owns 196 shares of the company's stock worth $36,000 after purchasing an additional 175 shares in the last quarter. Finally, CENTRAL TRUST Co raised its position in shares of DoorDash by 269.4% during the 1st quarter. CENTRAL TRUST Co now owns 266 shares of the company's stock worth $40,000 after purchasing an additional 194 shares during the last quarter. 90.64% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at DoorDash

In related news, CFO Ravi Inukonda sold 19,505 shares of the stock in a transaction dated Thursday, August 20th. The stock was sold at an average price of $220.62, for a total transaction of $4,303,193.10. Following the transaction, the chief financial officer directly owned 232,938 shares in the company, valued at approximately $51,390,781.56. This represents a 7.73% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, Director Andy Fang sold 15,000 shares of the firm's stock in a transaction dated Tuesday, September 1st. The stock was sold at an average price of $228.31, for a total value of $3,424,650.00. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders sold 393,998 shares of company stock valued at $85,861,330. Corporate insiders own 44.90% of the company's stock.

Trending Headlines about DoorDash

Here are the key news stories impacting DoorDash this week:

• Positive Sentiment: Potential Instacart deal: DoorDash is reportedly among the companies discussing a possible acquisition of Instacart, which is valued at approximately $12 billion. A transaction could strengthen DoorDash’s position in grocery and local commerce, although the report does not indicate that a deal is imminent and any acquisition would carry financing, integration and regulatory risks. Instacart explores potential sale, holds talks with Uber and DoorDash
• Positive Sentiment: Analyst support: BTIG Research assigned DoorDash a Buy rating, providing a positive signal for investor sentiment and reinforcing the view that the company’s local-commerce expansion and growth prospects remain attractive. DoorDash earns Buy rating from BTIG Research
• Neutral Sentiment: Mixed consumer-stock comparison: An investor comparison described Airbnb as having a strong travel-market position while highlighting DoorDash’s rapid revenue growth and expansion beyond restaurant delivery. The article does not provide a new company-specific catalyst. Airbnb vs. DoorDash: Which Consumer Stock Is a Better Buy in 2026?
• Neutral Sentiment: Operational and reputational headlines: Reports described a DoorDash driver being killed in California, another driver and a family member being ambushed, and an unrelated criminal investigation in which cleaning supplies were allegedly ordered through DoorDash. These incidents could increase scrutiny of driver and platform safety, but they currently appear unlikely to materially affect financial results. Arrest made after California DoorDash driver found dead in Tesla trunk
• Negative Sentiment: Increasing competition: A new rival reportedly offers lower menu prices, while Grubhub’s co-founder has returned with a delivery service featuring a $1 fee. Lower pricing and aggressive fee competition could pressure DoorDash’s order volumes, merchant economics and margins. DoorDash and Uber Eats have a new rival offering lower menu prices
• Negative Sentiment: Delivery-worker dissatisfaction: Online debate over $1 and $2 tips highlights ongoing challenges around driver pay and service costs, issues that could affect driver retention, customer satisfaction and platform pricing. DoorDash driver calls low tips pathetic

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on the company. The Goldman Sachs Group reduced their target price on DoorDash from $280.00 to $275.00 in a research note on Thursday, August 6th. 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 report on Thursday, August 6th. Moffett Nathanson cut their price target on DoorDash from $280.00 to $278.00 and set a "buy" rating for the company in a report on Thursday, August 6th. Roth Capital boosted their price target on DoorDash from $200.00 to $220.00 and gave the stock a "neutral" rating in a report on Monday, August 10th. Finally, BTIG Research restated a "buy" rating and issued a $225.00 price objective on shares of DoorDash in a research report on Wednesday. Two equities research analysts have rated the stock with a Strong Buy rating, thirty-one have issued a Buy rating, eight have given a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $254.95.

DoorDash Stock Down 3.5%

DASH stock opened at $179.38 on Friday. The company has a 50 day moving average price of $202.18 and a two-hundred day moving average price of $185.14. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.37 and a current ratio of 1.37. The stock has a market capitalization of $77.73 billion, a P/E ratio of 93.92 and a beta of 1.90. DoorDash, Inc. has a one year low of $143.30 and a one year high of $269.00.

DoorDash (NASDAQ:DASH - Get Free Report) last issued its quarterly earnings results on Wednesday, August 5th. The company reported $0.46 earnings per share for the quarter, missing analysts' consensus estimates of $0.47 by ($0.01). DoorDash had a return on equity of 8.48% and a net margin of 5.29%. The business had revenue of $4.45 billion for the quarter, compared to analysts' expectations of $4.34 billion. During the same period in the prior year, the company earned $0.65 EPS. The company's revenue for the quarter was up 35.6% compared to the same quarter last year. As a group, sell-side analysts expect that DoorDash, Inc. will post 2.51 EPS for the current year.

About DoorDash

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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