Hsbc Holdings PLC Has $132.64 Million Stock Position in DoorDash, Inc. $DASH

Key Points

• HSBC Holdings PLC trimmed its DoorDash stake by 5.6% in the fourth quarter, but still held 585,314 shares worth about $132.64 million at the end of the period.
• Other institutional investors remain heavily involved in DoorDash, with institutions owning 90.64% of the stock and several firms recently increasing their positions.
• DoorDash has seen mixed signals from the market: analysts currently rate it a Moderate Buy with a consensus target of $256.11, while insiders have also been selling shares under pre-arranged trading plans.

Hsbc Holdings PLC cut its position in DoorDash, Inc. (NASDAQ:DASH - Free Report) by 5.6% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 585,314 shares of the company's stock after selling 34,648 shares during the quarter. Hsbc Holdings PLC owned approximately 0.13% of DoorDash worth $132,642,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of the company. American Century Companies Inc. boosted its stake in DoorDash by 5.0% during the 3rd quarter. American Century Companies Inc. now owns 485,088 shares of the company's stock valued at $131,941,000 after purchasing an additional 22,944 shares during the period. Intech Investment Management LLC grew its holdings in DoorDash by 707.8% in the 4th quarter. Intech Investment Management LLC now owns 253,348 shares of the company's stock valued at $57,378,000 after buying an additional 221,985 shares during the last quarter. Vaughan Nelson Investment Management L.P. bought a new position in DoorDash in the 4th quarter worth approximately $41,712,000. Mitsubishi UFJ Asset Management Co. Ltd. increased its position in DoorDash by 7.1% in the 3rd quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 806,191 shares of the company's stock worth $219,276,000 after buying an additional 53,722 shares during the period. Finally, Jefferies Financial Group Inc. lifted its holdings in shares of DoorDash by 136.6% during the third quarter. Jefferies Financial Group Inc. now owns 42,355 shares of the company's stock worth $11,520,000 after buying an additional 24,454 shares during the last quarter. Institutional investors own 90.64% of the company's stock.

Insider Buying and Selling at DoorDash

In other news, insider Keith Yandell sold 2,643 shares of the stock in a transaction on Tuesday, May 26th. The shares were sold at an average price of $155.34, for a total value of $410,563.62. Following the completion of the transaction, the insider owned 81,106 shares in the company, valued at approximately $12,599,006.04. This represents a 3.16% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Stanley Tang sold 21,433 shares of the firm's stock in a transaction dated Thursday, April 2nd. The stock was sold at an average price of $150.00, for a total transaction of $3,214,950.00. Following the transaction, the director directly owned 19,279 shares of the company's stock, valued at $2,891,850. The trade was a 52.65% decrease in their ownership of the stock. 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 quarter, insiders sold 58,558 shares of company stock worth $9,324,940. Corporate insiders own 5.83% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on DASH. Susquehanna reduced their price objective on DoorDash from $250.00 to $225.00 and set a "positive" rating for the company in a research report on Friday, May 8th. Stifel Nicolaus dropped their target price on shares of DoorDash from $215.00 to $185.00 and set a "hold" rating on the stock in a research report on Monday, April 13th. Zacks Research upgraded shares of DoorDash from a "strong sell" rating to a "hold" rating in a research note on Tuesday, May 12th. Argus set a $190.00 price target on shares of DoorDash in a report on Thursday, June 11th. Finally, Truist Financial decreased their price target on shares of DoorDash from $340.00 to $330.00 and set a "buy" rating on the stock in a research report on Thursday, May 7th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-five have issued a Buy rating and nine have issued a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $256.11.

Trending Headlines about DoorDash

Here are the key news stories impacting DoorDash this week:

• Positive Sentiment: DoorDash is drawing attention for its “Summer of DashPass” promotion, which highlights discounts and membership value that could support orders and subscriber engagement. Here’s Why DoorDash’s Summer of DashPass Is One of the Season’s Best Sale Events
• Positive Sentiment: The company’s World Cup-themed campaign is getting additional exposure, which may help DoorDash stay top-of-mind with consumers heading into a major sporting event. DoorDash leans into 2026 World Cup fandom with campaign — Vote now in Ad Meter Brand Spotlight
• Positive Sentiment: Several food-and-lifestyle articles are reinforcing DoorDash’s brand presence by promoting restaurant recommendations and delivery use cases, which can support consumer awareness. These 2 North Texas restaurants are among the best spots to celebrate dad, DoorDash says
• Neutral Sentiment: Coverage of Brooklyn Beckham’s DoorDash ad is generating buzz and broadening reach, but the headlines focus more on the celebrity family drama than on a clear business catalyst. Brooklyn Beckham takes another swipe at his parents as full DoorDash advert released
• Neutral Sentiment: An earnings comparison piece on DoorDash and other gig economy names is mostly informational and does not appear to introduce new company-specific news. Q1 Earnings Highs And Lows: DoorDash NASDAQ: DASH Vs The Rest Of The Gig Economy Stocks
• Negative Sentiment: Some media coverage frames the Brooklyn Beckham ad as a “PR mess” or backlash-driven story, which could slightly offset the benefit of the campaign if the controversy overshadows the brand message. Brooklyn Beckham’s DoorDash World Cup Ad Turns Family Feud Into a PR Mess

DoorDash Stock Performance

DASH opened at $173.49 on Monday. The stock has a market cap of $75.59 billion, a PE ratio of 82.61 and a beta of 1.83. The company has a current ratio of 1.43, a quick ratio of 1.43 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. The stock's 50 day simple moving average is $164.07 and its 200-day simple moving average is $183.16.

DoorDash (NASDAQ:DASH - Get Free Report) last issued its earnings results on Wednesday, May 6th. The company reported $0.42 EPS for the quarter, beating analysts' consensus estimates of $0.36 by $0.06. The business had revenue of $4.04 billion during the quarter, compared to analyst estimates of $4.15 billion. DoorDash had a return on equity of 9.58% and a net margin of 6.29%.DoorDash's revenue was up 33.1% on a year-over-year basis. During the same period in the prior year, the company posted $0.44 earnings per share. Sell-side analysts forecast that DoorDash, Inc. will post 2.44 EPS for the current year.

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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