DoorDash, Inc. $DASH Position Increased by Sequoia Financial Advisors LLC

Key Points

• Sequoia Financial Advisors increased its DoorDash stake by 1,148.7% in the second quarter, reaching 99,622 shares valued at approximately $18.4 million. Institutional investors collectively own 90.64% of the company.
• DoorDash reported quarterly revenue of $4.45 billion, up 35.6% year over year, though earnings per share of $0.46 narrowly missed analyst expectations of $0.47. The stock recently traded near $201, with a market capitalization of about $87.1 billion.
• Analyst sentiment remains positive, with a consensus “Moderate Buy” rating and a target price near $257. However, insiders sold roughly $87 million of stock over the past quarter, including sales by CEO Tony Xu and director Andy Fang under pre-arranged trading plans.

Sequoia Financial Advisors LLC boosted its holdings in DoorDash, Inc. (NASDAQ:DASH - Free Report) by 1,148.7% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 99,622 shares of the company's stock after buying an additional 91,644 shares during the quarter. Sequoia Financial Advisors LLC's holdings in DoorDash were worth $18,383,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. Brighton Jones LLC raised its position in shares of DoorDash by 24.0% during the fourth quarter. Brighton Jones LLC now owns 9,336 shares of the company's stock worth $1,566,000 after purchasing an additional 1,807 shares during the period. Integrated Wealth Concepts LLC boosted its position in shares of DoorDash by 21.5% in the 1st quarter. Integrated Wealth Concepts LLC now owns 1,715 shares of the company's stock valued at $314,000 after purchasing an additional 303 shares during the period. Empowered Funds LLC increased its stake in DoorDash by 3.6% in the 1st quarter. Empowered Funds LLC now owns 8,130 shares of the company's stock worth $1,486,000 after purchasing an additional 285 shares in the last quarter. Sivia Capital Partners LLC increased its stake in 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, Baird Financial Group Inc. acquired a new stake in DoorDash during the 2nd quarter worth about $222,000. Institutional investors and hedge funds own 90.64% of the company's stock.

DoorDash Trading Up 1.9%

NASDAQ DASH opened at $201.03 on Friday. The company has a current ratio of 1.37, a quick ratio of 1.37 and a debt-to-equity ratio of 0.27. DoorDash, Inc. has a 1-year low of $143.30 and a 1-year high of $285.50. The firm's fifty day simple moving average is $205.01 and its 200-day simple moving average is $179.54. The company has a market capitalization of $87.11 billion, a PE ratio of 105.25 and a beta of 1.79.

DoorDash (NASDAQ:DASH - Get Free Report) last issued 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 firm had revenue of $4.45 billion during the quarter, compared to analysts' expectations of $4.34 billion. During the same quarter last year, the firm earned $0.65 EPS. The business's revenue for the quarter was up 35.6% compared to the same quarter last year. As a group, sell-side analysts anticipate that DoorDash, Inc. will post 2.49 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, Director Andy Fang sold 15,000 shares of the firm's stock in a transaction that occurred on Tuesday, September 1st. The shares were sold at an average price of $228.31, for a total transaction of $3,424,650.00. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Tony Xu sold 3,767 shares of DoorDash stock in a transaction that occurred on Tuesday, August 25th. The shares were sold at an average price of $230.00, for a total transaction of $866,410.00. Following the completion of the sale, the chief executive officer owned 1,500 shares of the company's stock, valued at $345,000. This trade represents a 71.52% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 399,553 shares of company stock worth $87,034,140 in the last quarter. Corporate insiders own 44.90% of the company's stock.

Key Headlines Impacting DoorDash

Here are the key news stories impacting DoorDash this week:

• Positive Sentiment: Scotiabank began coverage of DoorDash with a “sector outperform” rating and a $275 price target, supporting the bullish case for continued growth in delivery, retail and local-commerce services. Scotiabank DoorDash coverage
• Positive Sentiment: Analyst sentiment remains favorable, with DoorDash receiving a consensus “Moderate Buy” rating and an average price target of approximately $256.97. Existing bullish views cite strong revenue growth, increasing DashPass adoption and margin expansion. DoorDash consensus analyst rating
• Positive Sentiment: DoorDash’s recent partnership and advertising activity, including expanded retail delivery efforts, could broaden the platform beyond restaurants and create additional order-frequency opportunities, though the near-term earnings impact is uncertain. Windsor DoorDash partnership
• Neutral Sentiment: The reported September short-interest data shows zero shares and a zero-day days-to-cover ratio, with an invalid percentage change. Because the figures appear unreliable, they provide no meaningful trading signal.
• Negative Sentiment: Director Andy Fang sold 15,000 shares for about $3.42 million under a pre-arranged Rule 10b5-1 plan. The planned nature of the transaction reduces its significance, but insider selling may weigh on sentiment while DoorDash trades at a high earnings multiple. DoorDash director stock sale

Analyst Ratings Changes

Several research analysts have commented on the stock. Citigroup reiterated a "market outperform" rating on shares of DoorDash in a report on Monday, August 24th. Roth Capital upped their price target on shares of DoorDash from $200.00 to $220.00 and gave the company a "neutral" rating in a research report on Monday, August 10th. Piper Sandler reaffirmed a "neutral" rating and issued a $220.00 price objective (up from $205.00) on shares of DoorDash in a research note on Thursday, August 6th. Guggenheim reiterated a "buy" rating and set a $255.00 price objective on shares of DoorDash in a research report on Tuesday, June 23rd. Finally, Weiss Ratings reissued a "hold (c)" rating on shares of DoorDash in a research note on Friday, August 7th. One research analyst has rated the stock with a Strong Buy rating, twenty-six have assigned a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat, DoorDash has a consensus rating of "Moderate Buy" and a consensus target price of $257.47.

About DoorDash

DoorDash, Inc operates a local commerce platform that connects consumers with merchants and independent delivery workers. Its marketplace enables customers to order meals from restaurants as well as groceries, convenience items, alcohol where permitted, and products from other retail businesses through its websites and mobile applications.

The company also provides services designed to support merchants, including delivery logistics, online ordering, marketing, payment processing, and customer-engagement tools.

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