DoorDash, Inc. $DASH Shares Acquired by 71 West Capital Partners

Key Points

• 71 West Capital Partners increased its DoorDash stake by 807.9% in the third quarter, adding 9,008 shares to hold 10,123 shares worth about $1.86 million. Institutional investors collectively own 90.64% of the company.
• Analysts’ consensus rating is “Moderate Buy,” with an average price target of $249.39. Recent ratings were mostly positive, though some analysts maintained a Hold/Neutral view.
• DoorDash beat quarterly earnings and revenue estimates, reporting EPS of $1.06 and revenue of $4.62 billion; revenue rose 34% year over year. Insiders sold shares over the past 90 days, totaling about $76.6 million.

71 West Capital Partners increased its holdings in shares of DoorDash, Inc. (NASDAQ:DASH - Free Report) by 807.9% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,123 shares of the company's stock after acquiring an additional 9,008 shares during the period. 71 West Capital Partners' holdings in DoorDash were worth $1,858,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of DASH. Nemes Rush Group LLC increased its holdings in shares of DoorDash by 18.7% during the third quarter. Nemes Rush Group LLC now owns 1,899 shares of the company's stock valued at $329,000 after acquiring an additional 299 shares in the last quarter. Fairscale Capital LLC boosted its stake in DoorDash by 128.6% in the 3rd quarter. Fairscale Capital LLC now owns 144 shares of the company's stock worth $25,000 after purchasing an additional 81 shares in the last quarter. Vestor Capital LLC purchased a new stake in DoorDash during the 3rd quarter valued at about $679,000. Retirement Systems of Alabama grew its position in DoorDash by 390.8% during the 3rd quarter. Retirement Systems of Alabama now owns 390,142 shares of the company's stock valued at $71,611,000 after purchasing an additional 310,644 shares during the last quarter. Finally, Joseph Group Capital Management increased its stake in DoorDash by 341.5% during the 3rd quarter. Joseph Group Capital Management now owns 649 shares of the company's stock valued at $119,000 after purchasing an additional 502 shares in the last quarter. Hedge funds and other institutional investors own 90.64% of the company's stock.

Analysts Set New Price Targets

DASH has been the subject of several recent analyst reports. Argus lifted their target price on shares of DoorDash from $190.00 to $270.00 in a report on Thursday, August 27th. Cantor Fitzgerald reiterated an "overweight" rating and set a $240.00 price target on shares of DoorDash in a report on Friday, October 30th. Deutsche Bank Aktiengesellschaft raised their price target on shares of DoorDash from $255.00 to $260.00 and gave the company a "buy" rating in a research report on Thursday, August 6th. Moffett Nathanson decreased their price objective on shares of DoorDash from $280.00 to $278.00 and set a "buy" rating for the company in a report on Thursday, August 6th. Finally, Piper Sandler reaffirmed a "neutral" rating and issued a $220.00 price objective (up from $205.00) on shares of DoorDash in a research report on Thursday, August 6th. One equities research analyst has rated the stock with a Strong Buy rating, thirty-one have assigned a Buy rating and ten have assigned a Hold rating to the company. Based on data from MarketBeat.com, DoorDash presently has an average rating of "Moderate Buy" and an average price target of $249.39.

Insiders Place Their Bets

In other news, CFO Ravi Inukonda sold 1,017 shares of the firm's stock in a transaction dated Monday, October 12th. The stock was sold at an average price of $195.00, for a total value of $198,315.00. Following the transaction, the chief financial officer owned 217,911 shares of the company's stock, valued at $42,492,645. This trade represents a 0.46% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Andy Fang sold 5,000 shares of DoorDash stock in a transaction dated Thursday, October 1st. The shares were sold at an average price of $183.69, for a total value of $918,450.00. 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. Over the last 90 days, insiders have sold 349,430 shares of company stock valued at $76,644,002. 44.90% of the stock is currently owned by corporate insiders.

Key Stories Impacting DoorDash

Here are the key news stories impacting DoorDash this week:

• Positive Sentiment: A new Lyft partnership is presented as a potential source of value for DoorDash, and one analysis argues the stock may be undervalued. Any benefit will depend on how the partnership translates into business results. Article: Is DoorDash Undervalued Following Its New Lyft Partnership?
• Positive Sentiment: An opinion article pushes back on claims that AI agents pose an existential threat to DoorDash, potentially easing concerns that automated ordering could disrupt its marketplace. It is commentary, not new company guidance. Article: AI Agents Are an Existential Risk to DoorDash? Seriously? I’ll Take the Under
• Neutral Sentiment: Instacart reportedly cited competition from Walmart and Amazon in arguing that its proposed merger with DoorDash should be approved. The argument highlights the competitive landscape, but the article does not establish that regulators have approved the deal. Article: Instacart Points to Walmart and Amazon as Reasons Its Merger with DoorDash Should Be Approved
• Neutral Sentiment: Reports about a missing DoorDash driver and a separate driver charged in a hit-and-run have drawn attention, but the stories describe individual incidents and do not report a company-wide operational or financial impact. Article: DoorDash Driver Disappeared After Making One Final Delivery Article: DoorDash Hit-and-Run Driver Charged
• Negative Sentiment: Coverage says some shareholders doubt DoorDash can compete effectively with Amazon, while Amazon’s deal with Uber Eats adds to competitive concerns. This may weigh on sentiment around DoorDash’s growth prospects. Article: DoorDash Shareholders Aren’t Convinced the Company Can Take On Amazon
• Negative Sentiment: Uber is asking an appeals court to keep a DoorDash-related case out of arbitration. The dispute adds legal uncertainty, though the headline alone does not indicate the likely outcome or financial exposure. Article: Uber Asks Appeals Court to Keep DoorDash Case Out of Arbitration

DoorDash Stock Performance

DASH stock opened at $180.96 on Tuesday. The company has a market cap of $78.41 billion, a P/E ratio of 74.78 and a beta of 1.98. DoorDash, Inc. has a 1 year low of $143.30 and a 1 year high of $239.00. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.46 and a quick ratio of 1.37. The stock's fifty day moving average price is $192.26 and its 200-day moving average price is $182.38.

DoorDash (NASDAQ:DASH - Get Free Report) last posted its quarterly earnings data on Thursday, October 29th. The company reported $1.06 EPS for the quarter, beating analysts' consensus estimates of $0.81 by $0.25. The company had revenue of $4.62 billion during the quarter, compared to analysts' expectations of $4.56 billion. DoorDash had a return on equity of 10.40% and a net margin of 6.23%. DoorDash's revenue for the quarter was up 34.0% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.55 earnings per share. On average, equities analysts forecast that DoorDash, Inc. will post 2.68 earnings per share for the current year.

About DoorDash

DoorDash, Inc operates a local commerce platform that connects consumers with restaurants and other merchants, as well as with independent delivery workers. Through its app and website, customers can order restaurant meals, groceries, convenience items and products from other local retailers for delivery or pickup.

The company also provides services for merchants, including tools for online ordering, marketing and fulfillment. Its offerings include DoorDash Drive, which provides delivery logistics for merchants' own orders, and DashPass, a subscription program for eligible orders.

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