DoorDash, Inc. $DASH Position Lifted by B. Metzler seel. Sohn & Co. AG

Key Points

• B. Metzler seel. Sohn & Co. AG increased its DoorDash stake by 40.8% in the second quarter, bringing its holdings to 16,917 shares valued at approximately $3.1 million. Institutional investors collectively own 90.64% of the company.
• DoorDash’s latest quarterly revenue rose 35.6% year over year to $4.45 billion, beating estimates, but EPS of $0.46 narrowly missed expectations. The stock trades at roughly 111 times earnings, making it sensitive to growth and execution concerns.
• Analyst sentiment remains favorable, with a consensus “Moderate Buy” rating and a $254.97 price target, though executives and other insiders have sold substantial shares under pre-arranged trading plans and competition from Walmart is increasing.

B. Metzler seel. Sohn & Co. AG grew its stake in shares of DoorDash, Inc. (NASDAQ:DASH - Free Report) by 40.8% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 16,917 shares of the company's stock after acquiring an additional 4,900 shares during the period. B. Metzler seel. Sohn & Co. AG's holdings in DoorDash were worth $3,122,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. CYBER HORNET ETFs LLC raised its position in shares of DoorDash by 6.5% during the 4th quarter. CYBER HORNET ETFs LLC now owns 979 shares of the company's stock valued at $222,000 after acquiring an additional 60 shares in the last quarter. Vise Technologies Inc. boosted its holdings in shares of DoorDash by 1.8% in the 4th quarter. Vise Technologies Inc. now owns 3,517 shares of the company's stock valued at $796,000 after buying an additional 63 shares during the period. Sunbelt Securities Inc. boosted its holdings in shares of DoorDash by 124.1% in 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. AXS Investments LLC grew its holdings in shares of DoorDash by 1.3% during the fourth quarter. AXS Investments LLC now owns 5,438 shares of the company's stock valued at $1,232,000 after purchasing an additional 69 shares during the last quarter. Finally, Prestige Wealth Management Group LLC grew its stake in DoorDash by 6.4% during the 4th quarter. Prestige Wealth Management Group LLC now owns 1,209 shares of the company's stock worth $274,000 after buying an additional 73 shares during the last quarter. Institutional investors and hedge funds own 90.64% of the company's stock.

DoorDash Stock Down 4.6%

DoorDash stock opened at $211.73 on Friday. The company has a market capitalization of $91.74 billion, a P/E ratio of 110.85 and a beta of 1.79. The firm's fifty day simple moving average is $203.81 and its 200-day simple moving average is $178.55. 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.

DoorDash (NASDAQ:DASH - Get Free Report) last issued its quarterly earnings data on Wednesday, August 5th. The company reported $0.46 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.47 by ($0.01). The business had revenue of $4.45 billion during the quarter, compared to the consensus estimate of $4.34 billion. DoorDash had a return on equity of 8.48% and a net margin of 5.29%.The company's revenue for the quarter was up 35.6% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.65 earnings per share. Sell-side analysts forecast that DoorDash, Inc. will post 2.49 earnings per share for the current fiscal year.

Insider Buying and Selling

In other DoorDash news, COO Prabir Adarkar sold 55,289 shares of the company's stock in a transaction that occurred on Tuesday, August 25th. The stock was sold at an average price of $231.76, for a total transaction of $12,813,778.64. Following the completion of the sale, the chief operating officer owned 930,211 shares of the company's stock, valued at $215,585,701.36. This represents a 5.61% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Tony Xu sold 29,567 shares of the stock in a transaction that occurred on Monday, August 24th. The shares were sold at an average price of $230.00, for a total value of $6,800,410.00. Following the transaction, the chief executive officer owned 1,500 shares in the company, valued at approximately $345,000. This trade represents a 95.17% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 384,553 shares of company stock valued at $83,609,490 over the last 90 days. 44.90% of the stock is currently owned by insiders.

Key Stories Impacting DoorDash

Here are the key news stories impacting DoorDash this week:

• Positive Sentiment: Rosenblatt Securities initiated coverage of DoorDash with a Buy recommendation, adding potential analyst support after the stock’s strong run over the past year. Rosenblatt initiates coverage of DoorDash with buy recommendation
• Positive Sentiment: DoorDash announced partnerships and business initiatives that could expand order volume and advertising opportunities, including delivery for Natural Grocers, fan experiences with Live Nation, workplace meal programs, and independent ad-measurement validation through Circana. Natural Grocers expands delivery through DoorDash DoorDash partners with Live Nation DoorDash teams with Circana
• Neutral Sentiment: Since its latest earnings report, DASH has gained about 4.1%. Revenue exceeded expectations and rose 35.6% year over year, although earnings per share narrowly missed estimates and declined from the prior-year period. At roughly 111 times earnings, valuation leaves the stock sensitive to execution and growth expectations. DoorDash stock performance since earnings
• Negative Sentiment: Director Stanley Tang sold approximately $7.0 million of shares, reducing his position by nearly 75%. CFO Ravi Inukonda also sold about $3.7 million, cutting ownership by 6.9%. Both transactions were made under pre-arranged Rule 10b5-1 plans, which reduces—but does not eliminate—their signaling impact.
• Negative Sentiment: Walmart is expanding restaurant delivery through a Dunkin’ partnership, increasing competition for DoorDash and Uber Eats and potentially putting pressure on delivery volume, merchant relationships, and pricing. Walmart expands restaurant delivery
• Negative Sentiment: Several reports involving driver misconduct, disputes over pay practices, and delivery-related incidents create reputational and operational risks, although these appear isolated and are unlikely to materially affect near-term financial results.

Analysts Set New Price Targets

Several research firms have commented on DASH. Citigroup restated a "market outperform" rating on shares of DoorDash in a research report on Monday, August 24th. Cantor Fitzgerald boosted their price objective on DoorDash from $230.00 to $260.00 and gave the stock an "overweight" rating in a research note on Thursday, August 6th. Weiss Ratings restated a "hold (c)" rating on shares of DoorDash in a report on Friday, August 7th. KeyCorp lowered their price objective on shares of DoorDash from $280.00 to $275.00 and set an "overweight" rating on the stock in a research note on Tuesday, July 14th. Finally, Piper Sandler reiterated a "neutral" rating and issued a $220.00 target price (up from $205.00) on shares of DoorDash in a report on Thursday, August 6th. One analyst has rated the stock with a Strong Buy rating, twenty-four have assigned a Buy rating, nine have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $254.97.

DoorDash Company 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.

Want to see what other hedge funds are holding DASH? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for DoorDash, Inc. (NASDAQ:DASH - Free Report).

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.