DoorDash, Inc. $DASH Shares Acquired by ARK Investment Management LLC

Key Points

• ARK Investment Management increased its stake in DoorDash by 18.4% in Q3 to 211,398 shares, worth about $57.5 million, as institutional investors now own roughly 90.6% of the stock.
• Insiders have been net sellers: Director Stanley Tang sold 45,410 shares (~$10.1M) and CEO Tony Xu sold 16,667 shares (~$3.8M), with insiders disposing of 220,826 shares worth $48.9M over the last 90 days (insiders own 5.83%).
• Latest results showed an EPS miss ($0.48 vs. $0.58 est.) on $3.96B revenue (up 37.7% YoY), the shares trade below both the 50- and 200-day moving averages, and analysts hold a consensus "Moderate Buy" with a $262.82 price target (P/E ~83.8, market cap ~$77.2B).

ARK Investment Management LLC lifted its stake in shares of DoorDash, Inc. (NASDAQ:DASH - Free Report) by 18.4% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 211,398 shares of the company's stock after purchasing an additional 32,876 shares during the period. ARK Investment Management LLC's holdings in DoorDash were worth $57,498,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently modified their holdings of the company. Brighton Jones LLC grew its holdings 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 buying an additional 1,807 shares in the last quarter. Integrated Wealth Concepts LLC grew its stake in DoorDash by 21.5% during the 1st quarter. Integrated Wealth Concepts LLC now owns 1,715 shares of the company's stock valued at $314,000 after acquiring an additional 303 shares in the last quarter. Empowered Funds LLC raised its holdings in DoorDash by 3.6% in the 1st quarter. Empowered Funds LLC now owns 8,130 shares of the company's stock valued at $1,486,000 after acquiring an additional 285 shares during the last quarter. Sivia Capital Partners LLC lifted 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, Y Intercept Hong Kong Ltd acquired a new position in shares of DoorDash during the 2nd quarter worth approximately $916,000. Institutional investors and hedge funds own 90.64% of the company's stock.

Insider Activity at DoorDash

In other DoorDash news, Director Stanley Tang sold 45,410 shares of the business's stock in a transaction that occurred on Friday, January 2nd. The stock was sold at an average price of $222.53, for a total value of $10,105,087.30. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Tony Xu sold 16,667 shares of the stock in a transaction that occurred on Thursday, December 18th. The shares were sold at an average price of $230.00, for a total value of $3,833,410.00. Following the completion of the sale, the chief executive officer directly owned 1,500 shares of the company's stock, valued at $345,000. The trade was a 91.74% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 220,826 shares of company stock valued at $48,944,946 over the last 90 days. 5.83% of the stock is owned by insiders.

DoorDash Price Performance

DASH stock opened at $177.75 on Thursday. The business's 50-day moving average is $198.62 and its two-hundred day moving average is $226.42. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.41 and a quick ratio of 1.41. The firm has a market capitalization of $77.22 billion, a P/E ratio of 83.84 and a beta of 1.82. DoorDash, Inc. has a 1 year low of $155.40 and a 1 year high of $285.50.

DoorDash (NASDAQ:DASH - Get Free Report) last issued its earnings results on Wednesday, February 18th. The company reported $0.48 earnings per share for the quarter, missing the consensus estimate of $0.58 by ($0.10). The business had revenue of $3.96 billion for 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% on a year-over-year basis. During the same period last year, the business posted $0.33 EPS. Analysts anticipate that DoorDash, Inc. will post 2.22 earnings per share for the current fiscal year.

DoorDash News Roundup

Here are the key news stories impacting DoorDash this week:

• Positive Sentiment: Joe Fresh has launched on-demand delivery through DoorDash, which broadens DoorDash’s retail/vertical reach and adds another recurring merchant partner that can drive order growth. Joe Fresh Launches On-Demand Delivery Through DoorDash
• Positive Sentiment: Coverage of DoorDash coupon/promotional programs (free delivery, percent-off first-order offers) highlights continued marketing levers the company is using to attract and retain customers — a positive for near-term order volume and GMV. DoorDash Coupons: Get Free Delivery And 15% Off Your First Order
• Neutral Sentiment: Local New Jersey police completed a DoorDash delivery after arresting the driver; coverage is mostly a human-interest/PR item and unlikely to have material operational impact beyond short-term headlines. N.J. police complete DoorDash delivery after arresting driver
• Neutral Sentiment: A 247WallSt summary of Goldman Sachs’ tech/media/telecom picks ran today; the broader industry coverage can help investor sentiment for growth names, but the piece doesn’t materially change DoorDash fundamentals by itself. Goldman Sachs Top Tech, Media and Telecom Picks Have 40% to 100% Upside Potential
• Neutral Sentiment: Reported short-interest figures in the feed are inconsistent/zeroed out (likely a data glitch) and do not signal any clear short-selling pressure at this time.
• Negative Sentiment: Mizuho trimmed its price target on DASH from $320 to $255 while keeping an “outperform” rating; a lower target can weigh on near-term sentiment even though the rating remains constructive. Mizuho cuts DoorDash price target
• Negative Sentiment: Incidents tied to drivers/streaming — a Twitch streamer allegedly ate customers’ food on a live delivery and DoorDash had to respond — create reputational risk and highlight ongoing driver-control/brand-safety challenges. DoorDash responds after Twitch streamer Lacy pretends to get fired after livestreaming deliveries

Analyst Upgrades and Downgrades

Several analysts have issued reports on DASH shares. Needham & Company LLC dropped their target price on DoorDash from $275.00 to $265.00 and set a "buy" rating for the company in a report on Thursday, February 19th. Stifel Nicolaus lowered their price target on shares of DoorDash from $253.00 to $224.00 and set a "hold" rating on the stock in a research report on Tuesday, January 27th. Bank of America raised their price objective on shares of DoorDash from $260.00 to $272.00 and gave the stock a "buy" rating in a research report on Thursday, February 19th. Royal Bank Of Canada reduced their target price on shares of DoorDash from $300.00 to $270.00 and set an "outperform" rating on the stock in a research note on Thursday, November 6th. Finally, BMO Capital Markets reissued an "outperform" rating on shares of DoorDash in a research note on Friday, December 12th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-six have assigned a Buy rating and nine have issued a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $262.82.

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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