DoorDash, Inc. $DASH Position Lifted by Apollon Wealth Management LLC

Key Points

• Apollon Wealth Management increased its DoorDash stake by 2,833.3% in the third quarter, ending with 171,278 shares valued at approximately $31.4 million. Hedge funds and institutional investors collectively own 90.64% of DASH.
• DoorDash reported 35.6% year-over-year revenue growth to $4.45 billion, though quarterly EPS of $0.46 slightly missed estimates. Analysts maintain a “Moderate Buy” consensus with an average price target of $254.95.
• Potential expansion opportunities include reported discussions around acquiring Instacart, while increased delivery competition and driver-pay concerns could pressure DoorDash’s margins and operations.

Apollon Wealth Management LLC lifted its position in shares of DoorDash, Inc. (NASDAQ:DASH - Free Report) by 2,833.3% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 171,278 shares of the company's stock after purchasing an additional 165,439 shares during the quarter. Apollon Wealth Management LLC's holdings in DoorDash were worth $31,438,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. City State Bank grew its position in shares of DoorDash by 56.0% in the 3rd quarter. City State Bank now owns 156 shares of the company's stock worth $29,000 after buying an additional 56 shares during the period. Washington Trust Advisors Inc. boosted its stake 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 in the last quarter. Premier Path Wealth Partners LLC boosted its stake in DoorDash by 2.7% during the second quarter. Premier Path Wealth Partners LLC now owns 2,520 shares of the company's stock worth $465,000 after acquiring an additional 67 shares in the last quarter. V Square Quantitative Management LLC boosted its stake in DoorDash by 3.3% during the first quarter. V Square Quantitative Management LLC now owns 2,327 shares of the company's stock worth $349,000 after acquiring an additional 74 shares in the last quarter. Finally, AdvisorNet Financial Inc boosted its stake in DoorDash by 8.4% during the third quarter. AdvisorNet Financial Inc now owns 1,339 shares of the company's stock worth $246,000 after acquiring an additional 104 shares in the last quarter. 90.64% of the stock is owned by hedge funds and other institutional investors.

DoorDash News Roundup

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

DoorDash Stock Performance

DASH stock opened at $179.38 on Monday. The company has a market cap of $77.73 billion, a P/E ratio of 93.92 and a beta of 1.90. DoorDash, Inc. has a 1 year low of $143.30 and a 1 year high of $269.00. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.37 and a quick ratio of 1.37. The stock's fifty day moving average price is $202.18 and its 200-day moving average price is $185.36.

DoorDash (NASDAQ:DASH - Get Free Report) last issued its quarterly earnings data on Wednesday, August 5th. The company reported $0.46 EPS for the quarter, missing the consensus estimate of $0.47 by ($0.01). DoorDash had a return on equity of 8.48% and a net margin of 5.29%. The firm had revenue of $4.45 billion during the quarter, compared to the consensus estimate of $4.34 billion. During the same period in the previous year, the firm earned $0.65 EPS. The business's revenue was up 35.6% on a year-over-year basis. On average, equities analysts forecast that DoorDash, Inc. will post 2.51 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on DASH shares. Susquehanna upped their price objective on shares of DoorDash from $225.00 to $250.00 and gave the stock a "positive" rating in a report on Friday, August 7th. Citigroup reiterated a "market outperform" rating on shares of DoorDash in a report on Wednesday, September 30th. Raymond James Financial reissued a "buy" rating on shares of DoorDash in a research report on Thursday, September 3rd. Piper Sandler reissued a "neutral" rating and issued a $220.00 price target (up from $205.00) on shares of DoorDash in a research report on Thursday, August 6th. Finally, Benchmark upped their price target on DoorDash from $270.00 to $295.00 in a research note on Thursday, August 6th. Two analysts have rated the stock with a Strong Buy rating, thirty-one have given a Buy rating, eight have given a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $254.95.

Insider Buying and Selling at DoorDash

In other news, Director Andy Fang sold 5,000 shares of the stock in a transaction that occurred on Thursday, October 1st. The shares were sold at an average price of $183.69, for a total value of $918,450.00. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, COO Prabir Adarkar sold 8,738 shares of the stock in a transaction that occurred on Monday, September 28th. The stock was sold at an average price of $180.85, for a total transaction of $1,580,267.30. Following the completion of the transaction, the chief operating officer owned 921,473 shares in the company, valued at $166,648,392.05. This trade represents a 0.94% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders sold 393,998 shares of company stock worth $85,861,330. 44.90% of the stock is owned by corporate insiders.

DoorDash Company Profile

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.