Comerica Bank Cuts Position in DoorDash, Inc. $DASH

Key Points

• Comerica Bank cut its stake in DoorDash by 44.5% in Q4, selling 38,931 shares and leaving it with 48,632 shares valued at about $11.0 million.
• Corporate insiders have been net sellers — including the COO who sold 10,000 shares for $1.88 million under a Rule 10b5‑1 plan — with insiders selling 89,406 shares (~$16.6M) in the last quarter.
• DoorDash recently missed quarterly expectations (EPS $0.48 vs. $0.58 and revenue $3.96B vs. $3.98B), yet analysts maintain a consensus rating of Moderate Buy with an average price target of $260.29.

Comerica Bank reduced its stake in shares of DoorDash, Inc. (NASDAQ:DASH - Free Report) by 44.5% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 48,632 shares of the company's stock after selling 38,931 shares during the quarter. Comerica Bank's holdings in DoorDash were worth $11,014,000 as of its most recent filing with the SEC.

Several other hedge funds have also modified their holdings of DASH. Physician Wealth Advisors Inc. raised its holdings in shares of DoorDash by 284.0% during the 3rd quarter. Physician Wealth Advisors Inc. now owns 96 shares of the company's stock valued at $26,000 after buying an additional 71 shares during the period. Eastern Bank raised its holdings in shares of DoorDash by 714.3% during the 4th quarter. Eastern Bank now owns 114 shares of the company's stock valued at $26,000 after buying an additional 100 shares during the period. ST Germain D J Co. Inc. purchased a new stake in shares of DoorDash during the 4th quarter valued at about $29,000. Sunbelt Securities Inc. raised its holdings in shares of DoorDash by 124.1% during the 3rd quarter. Sunbelt Securities Inc. now owns 121 shares of the company's stock valued at $33,000 after buying an additional 67 shares during the period. Finally, Morse Asset Management Inc purchased a new stake in shares of DoorDash during the 3rd quarter valued at about $36,000. 90.64% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at DoorDash

In other news, Director Shona L. Brown sold 1,250 shares of DoorDash stock in a transaction that occurred on Monday, March 9th. The stock was sold at an average price of $176.61, for a total value of $220,762.50. Following the completion of the transaction, 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. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO Prabir Adarkar sold 10,000 shares of DoorDash stock in a transaction that occurred on Monday, April 20th. The stock was sold at an average price of $188.34, for a total value of $1,883,400.00. Following the completion of the transaction, the chief operating officer owned 843,678 shares of the company's stock, valued at approximately $158,898,314.52. The trade was a 1.17% decrease in their position. 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 quarter, insiders sold 89,406 shares of company stock worth $16,639,624. 5.83% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

DASH has been the topic of several analyst reports. BTIG Research dropped their target price on DoorDash from $315.00 to $280.00 and set a "buy" rating on the stock in a report on Friday, April 10th. KeyCorp raised their target price on DoorDash from $275.00 to $280.00 and gave the company an "overweight" rating in a report on Thursday, February 19th. Piper Sandler reiterated a "neutral" rating and set a $220.00 target price (down from $230.00) on shares of DoorDash in a report on Thursday, February 19th. DA Davidson dropped their target price on DoorDash from $260.00 to $224.00 and set a "neutral" rating on the stock in a report on Thursday, February 19th. Finally, Benchmark raised their target price on DoorDash from $280.00 to $285.00 and gave the company a "buy" rating in a report on Thursday, February 19th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-five have assigned a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, DoorDash presently has an average rating of "Moderate Buy" and a consensus price target of $260.29.

DoorDash Price Performance

Shares of DASH opened at $171.97 on Wednesday. The firm has a market cap of $74.71 billion, a price-to-earnings ratio of 81.12 and a beta of 1.93. The stock has a 50 day moving average of $167.24 and a 200-day moving average of $200.54. The company has a current ratio of 1.41, a quick ratio of 1.41 and a debt-to-equity ratio of 0.27. DoorDash, Inc. has a 52 week low of $143.30 and a 52 week high of $285.50.

DoorDash (NASDAQ:DASH - Get Free Report) last issued its 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 firm had revenue of $3.96 billion during the quarter, compared to analyst estimates of $3.98 billion. DoorDash had a return on equity of 10.15% and a net margin of 6.82%.DoorDash's revenue was up 37.7% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.33 EPS. As a group, analysts forecast that DoorDash, Inc. will post 2.51 EPS for the current year.

More DoorDash News

Here are the key news stories impacting DoorDash this week:

• Positive Sentiment: TD Cowen initiated coverage with a Buy / $225 price target and called DoorDash a long-duration compounder; the move (and related write-ups) is driving constructive analyst momentum for DASH. Read More.
• Positive Sentiment: DoorDash announced a major grocery expansion in Canada via a partnership with Empire Company (Sobeys, Safeway) — this increases addressable market and recurring order frequency in a high-margin category. Read More.
• Positive Sentiment: DoorDash added multiple regional grocery partners (including Harps Food Stores and four additional grocers) to broaden local selection and accelerate grocery marketplace growth. These distribution additions support GMV expansion. Read More.
• Neutral Sentiment: Marketing/engagement efforts continue (e.g., local restaurant recommendations around Mother’s Day), which help consumer engagement but have limited immediate impact on margins. Read More.
• Negative Sentiment: DoorDash rolled out April promotions as diners pull back — increased promotional spend signals softer consumer demand and could pressure take-rates and margins near term. Read More.
• Negative Sentiment: Two safety/PR incidents hit headlines: a consumer theft by a delivery worker caught on camera and a separate violent incident in which a DoorDash driver shot and killed an alleged carjacking suspect. These raise operational/safety risk concerns and could invite local scrutiny or costs. Read More. | Read More.

About DoorDash

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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