DoorDash, Inc. $DASH Shares Purchased by Asset Management One Co. Ltd.

Key Points

• Asset Management One increased its DoorDash stake by 14.6% in the third quarter, buying 23,018 shares to hold 180,991 shares worth approximately $33.2 million. Institutional investors and hedge funds collectively own 90.64% of the company.
• DoorDash insiders sold 393,998 shares worth $85.9 million over the past 90 days, including sales by the COO and CFO. The transactions were made under a trading plan or to cover tax obligations.
• Analyst sentiment remains favorable, with a consensus “Moderate Buy” rating and an average price target of $254.95. DoorDash recently reported 35.6% year-over-year revenue growth to $4.45 billion, though quarterly EPS of $0.46 narrowly missed expectations.

Asset Management One Co. Ltd. raised its position in DoorDash, Inc. (NASDAQ:DASH - Free Report) by 14.6% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 180,991 shares of the company's stock after buying an additional 23,018 shares during the period. Asset Management One Co. Ltd.'s holdings in DoorDash were worth $33,221,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the company. Janus Henderson Group PLC raised its holdings in shares of DoorDash by 40.2% during the first quarter. Janus Henderson Group PLC now owns 7,762,553 shares of the company's stock valued at $1,159,377,000 after acquiring an additional 2,225,954 shares during the last quarter. Robeco Institutional Asset Management B.V. boosted its stake in shares of DoorDash by 2,304.0% in the third quarter. Robeco Institutional Asset Management B.V. now owns 3,452,110 shares of the company's stock worth $633,635,000 after acquiring an additional 3,308,512 shares during the last quarter. Assenagon Asset Management S.A. increased its position in shares of DoorDash by 372.0% during the third quarter. Assenagon Asset Management S.A. now owns 3,137,719 shares of the company's stock worth $575,928,000 after purchasing an additional 2,472,980 shares in the last quarter. Temasek Holdings Private Ltd increased its position in shares of DoorDash by 49.4% during the first quarter. Temasek Holdings Private Ltd now owns 3,461,501 shares of the company's stock worth $519,744,000 after purchasing an additional 1,145,078 shares in the last quarter. Finally, Bank of America Corp DE increased its position in shares of DoorDash by 18.4% during the first quarter. Bank of America Corp DE now owns 3,449,266 shares of the company's stock worth $517,907,000 after purchasing an additional 536,080 shares in the last quarter. 90.64% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at DoorDash

In other news, COO Prabir Adarkar sold 55,289 shares of the stock in a transaction that occurred on Tuesday, August 25th. The shares were sold at an average price of $231.76, for a total value 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 position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Ravi Inukonda sold 19,505 shares of the stock in a transaction that occurred on Thursday, August 20th. The shares were sold at an average price of $220.62, for a total transaction of $4,303,193.10. Following the completion of the sale, the chief financial officer directly owned 232,938 shares of the company's stock, valued at approximately $51,390,781.56. This trade represents a 7.73% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold 393,998 shares of company stock valued at $85,861,330 over the last ninety days. Corporate insiders own 44.90% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the company. Rosenblatt Securities started coverage on DoorDash in a report on Tuesday, September 1st. They issued a "buy" rating and a $270.00 price objective on the stock. Benchmark lifted their target price on shares of DoorDash from $270.00 to $295.00 in a research note on Thursday, August 6th. TD Cowen reaffirmed a "buy" rating on shares of DoorDash in a report on Tuesday. Zacks Research upgraded shares of DoorDash from a "strong sell" rating to a "hold" rating in a research report on Monday, August 17th. Finally, Loop Capital raised their price target on shares of DoorDash from $225.00 to $280.00 and gave the stock a "buy" rating in a research note on Tuesday, September 22nd. Two analysts have rated the stock with a Strong Buy rating, thirty-one have given a Buy rating, eight have issued a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $254.95.

More DoorDash News

Here are the key news stories impacting DoorDash this week:

• Positive Sentiment: DoorDash is reportedly in advanced talks to acquire Instacart parent Maplebear for approximately $17 billion, with an announcement potentially coming as early as Thursday. Combining the companies could strengthen DoorDash’s grocery-delivery scale, merchant network and ability to compete with Amazon, Walmart and Uber Eats. DoorDash Instacart acquisition report
• Positive Sentiment: Recent analyses highlight DoorDash’s high-double-digit revenue growth, broad consumer and merchant network across roughly 40 countries, and ongoing expansion into grocery delivery and other local-commerce categories. These trends support the long-term strategic rationale for an Instacart transaction. DoorDash growth analysis
• Neutral Sentiment: Options activity in DASH rose as traders positioned around the acquisition speculation and the Federal Reserve’s rate decision, indicating elevated near-term volatility rather than a clear consensus on the stock’s direction. DASH options activity
• Negative Sentiment: Investors appear concerned that a roughly $17 billion purchase could require substantial cash, debt or stock issuance, while also creating execution and integration risks. Reports that DoorDash shares fell sharply after the initial announcement reflect worries that the deal may dilute returns or stretch the company’s valuation. Market reaction to DoorDash Instacart deal
• Negative Sentiment: A local firm has reportedly settled litigation involving Uber Eats and DoorDash. The financial terms and potential impact on DoorDash were not disclosed, limiting the market’s ability to assess the settlement’s significance. DoorDash lawsuit settlement

DoorDash Stock Down 0.6%

NASDAQ DASH opened at $169.49 on Thursday. DoorDash, Inc. has a 52 week low of $143.30 and a 52 week high of $268.00. The company has a quick ratio of 1.37, a current ratio of 1.37 and a debt-to-equity ratio of 0.27. The business's fifty day simple moving average is $199.53 and its 200-day simple moving average is $183.47. The firm has a market cap of $73.44 billion, a PE ratio of 88.74 and a beta of 1.90.

DoorDash (NASDAQ:DASH - Get Free Report) last announced its quarterly earnings results on Wednesday, August 5th. The company reported $0.46 earnings per share for the quarter, missing the consensus estimate 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 for the quarter, compared to analyst estimates of $4.34 billion. During the same period in the previous year, the firm posted $0.65 EPS. The company's revenue was up 35.6% compared to the same quarter last year. As a group, equities analysts anticipate that DoorDash, Inc. will post 2.51 earnings per share for the current year.

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.

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