DoorDash, Inc. $DASH Stock Purchased by Wedbush Securities Inc.

Key Points

• Wedbush Securities increased its DoorDash position by 1,001.2% in the third quarter, owning 22,906 shares valued at approximately $4.2 million. Institutional investors collectively own 90.64% of the company.
• Analysts maintain a broadly positive outlook, with DoorDash carrying a consensus “Moderate Buy” rating and an average price target of $254.95. Recent targets range from $220 to $295.
• DoorDash shares recently traded at $179.38 after falling $6.56, while quarterly revenue rose 35.6% year over year to $4.45 billion, slightly exceeding estimates; however, EPS of $0.46 narrowly missed expectations.

Wedbush Securities Inc. increased its position in DoorDash, Inc. (NASDAQ:DASH - Free Report) by 1,001.2% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 22,906 shares of the company's stock after acquiring an additional 20,826 shares during the period. Wedbush Securities Inc.'s holdings in DoorDash were worth $4,204,000 at the end of the most recent reporting period.

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

More DoorDash News

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

Insiders Place Their Bets

In other news, 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 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 sale was disclosed in a 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 Keith Yandell sold 2,183 shares of DoorDash stock in a transaction on Thursday, October 1st. The shares were sold at an average price of $183.69, for a total transaction of $400,995.27. Following the completion of the sale, the chief operating officer directly owned 118,505 shares in the company, valued at $21,768,183.45. This represents a 1.81% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders sold 393,998 shares of company stock valued at $85,861,330. 44.90% of the stock is owned by insiders.

Analysts Set New Price Targets

Several research firms recently weighed in on DASH. Jefferies Financial Group lifted their target price on DoorDash from $225.00 to $250.00 and gave the company a "buy" rating in a research report on Tuesday, August 11th. Roth Capital boosted their target price on DoorDash from $200.00 to $220.00 and gave the stock a "neutral" rating in a research report on Monday, August 10th. UBS Group restated a "buy" rating and issued a $295.00 target price on shares of DoorDash in a report on Tuesday, September 8th. Raymond James Financial restated a "buy" rating on shares of DoorDash in a research report on Thursday, September 3rd. Finally, Scotiabank assumed coverage on DoorDash in a report on Wednesday, September 9th. They issued a "sector outperform" rating and a $275.00 price target on the stock. Two analysts have rated the stock with a Strong Buy rating, thirty-one have assigned a Buy rating, eight have issued a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, DoorDash presently has a consensus rating of "Moderate Buy" and an average target price of $254.95.

DoorDash Stock Performance

Shares of NASDAQ:DASH traded down $6.56 during trading on Friday, hitting $179.38. The stock had a trading volume of 2,702,995 shares, compared to its average volume of 3,420,697. The company has a quick ratio of 1.37, a current ratio of 1.37 and a debt-to-equity ratio of 0.27. DoorDash, Inc. has a 12-month low of $143.30 and a 12-month high of $269.00. The stock has a 50-day simple moving average of $202.18 and a two-hundred day simple moving average of $185.14. The stock has a market capitalization of $77.73 billion, a price-to-earnings ratio of 93.92 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 (EPS) for the quarter, missing analysts' consensus estimates of $0.47 by ($0.01). DoorDash had a net margin of 5.29% and a return on equity of 8.48%. The company had revenue of $4.45 billion during the quarter, compared to analyst estimates of $4.34 billion. During the same period in the previous year, the firm posted $0.65 earnings per share. The company's revenue was up 35.6% compared to the same quarter last year. On average, equities research analysts expect that DoorDash, Inc. will post 2.51 earnings per share for the current fiscal year.

About DoorDash

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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