IFP Advisors Inc Has $4.95 Million Holdings in DoorDash, Inc. $DASH

Key Points

• IFP Advisors increased its DoorDash holdings by 3,094.9% in the second quarter, bringing its position to 26,805 shares valued at approximately $4.95 million. Institutional investors and hedge funds collectively own 90.64% of the company.
• Wall Street sentiment remains favorable, with DoorDash rated “Moderate Buy” and a consensus price target near $257; recent targets range from $220 to $295.
• DoorDash reported 35.6% year-over-year revenue growth to $4.45 billion in its latest quarter, although earnings of $0.46 per share slightly missed estimates and the stock trades at a high trailing P/E of about 105.

IFP Advisors Inc raised its holdings in shares of DoorDash, Inc. (NASDAQ:DASH - Free Report) by 3,094.9% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 26,805 shares of the company's stock after acquiring an additional 25,966 shares during the quarter. IFP Advisors Inc's holdings in DoorDash were worth $4,946,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Intech Investment Management LLC raised its holdings in shares of DoorDash by 707.8% during the 4th quarter. Intech Investment Management LLC now owns 253,348 shares of the company's stock valued at $57,378,000 after purchasing an additional 221,985 shares in the last quarter. Nomura Asset Management Co. Ltd. raised its stake in shares of DoorDash by 9.1% in the 4th quarter. Nomura Asset Management Co. Ltd. now owns 156,960 shares of the company's stock valued at $35,548,000 after acquiring an additional 13,121 shares in the last quarter. Allstate Corp raised its position in shares of DoorDash by 116.7% in the fourth quarter. Allstate Corp now owns 29,227 shares of the company's stock valued at $6,619,000 after purchasing an additional 15,741 shares during the period. Brighton Jones LLC lifted its stake in shares of DoorDash by 24.0% in 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 during the last quarter. Finally, JCP Investment Management LLC acquired a new stake in shares of DoorDash in the first quarter worth $991,000. Institutional investors and hedge funds own 90.64% of the company's stock.

DoorDash News Roundup

Here are the key news stories impacting DoorDash this week:

• Positive Sentiment: Scotiabank began coverage of DoorDash with a “sector outperform” rating and a $275 price target, supporting the bullish case for continued growth in delivery, retail and local-commerce services. Scotiabank DoorDash coverage
• Positive Sentiment: Analyst sentiment remains favorable, with DoorDash receiving a consensus “Moderate Buy” rating and an average price target of approximately $256.97. Existing bullish views cite strong revenue growth, increasing DashPass adoption and margin expansion. DoorDash consensus analyst rating
• Positive Sentiment: DoorDash’s recent partnership and advertising activity, including expanded retail delivery efforts, could broaden the platform beyond restaurants and create additional order-frequency opportunities, though the near-term earnings impact is uncertain. Windsor DoorDash partnership
• Neutral Sentiment: The reported September short-interest data shows zero shares and a zero-day days-to-cover ratio, with an invalid percentage change. Because the figures appear unreliable, they provide no meaningful trading signal.
• Negative Sentiment: Director Andy Fang sold 15,000 shares for about $3.42 million under a pre-arranged Rule 10b5-1 plan. The planned nature of the transaction reduces its significance, but insider selling may weigh on sentiment while DoorDash trades at a high earnings multiple. DoorDash director stock sale

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on DASH. Scotiabank assumed coverage on shares of DoorDash in a report on Wednesday. They set a "sector outperform" rating and a $275.00 price objective for the company. UBS Group restated a "buy" rating and set a $295.00 price target on shares of DoorDash in a report on Tuesday. Piper Sandler reiterated a "neutral" rating and set a $220.00 price target (up from $205.00) on shares of DoorDash in a report on Thursday, August 6th. Sanford C. Bernstein restated an "outperform" rating on shares of DoorDash in a research report on Thursday, September 3rd. Finally, Roth Capital increased their target price on shares of DoorDash from $200.00 to $220.00 and gave the company a "neutral" rating in a research note on Monday, August 10th. One investment analyst has rated the stock with a Strong Buy rating, twenty-six have given a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, DoorDash currently has an average rating of "Moderate Buy" and a consensus price target of $257.47.

Insiders Place Their Bets

In other DoorDash news, Director Stanley Tang sold 72,367 shares of DoorDash stock in a transaction on Friday, August 21st. The stock was sold at an average price of $225.16, for a total value of $16,294,153.72. Following the completion of the transaction, the director owned 10,361 shares in the company, valued at approximately $2,332,882.76. The trade was a 87.48% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, COO Prabir Adarkar sold 55,289 shares of the business's stock in a transaction on Tuesday, August 25th. The stock was sold at an average price of $231.76, for a total value of $12,813,778.64. Following the completion of the transaction, the chief operating officer directly owned 930,211 shares in the company, valued at approximately $215,585,701.36. This represents a 5.61% decrease in their position. 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. Insiders sold 399,553 shares of company stock valued at $87,034,140 over the last quarter. 44.90% of the stock is owned by insiders.

DoorDash Stock Performance

NASDAQ:DASH opened at $201.03 on Friday. The firm has a market capitalization of $87.11 billion, a PE ratio of 105.25 and a beta of 1.79. 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 $285.50. The firm has a 50-day moving average price of $205.01 and a 200 day moving average price of $179.54.

DoorDash (NASDAQ:DASH - Get Free Report) last released its quarterly earnings results on Wednesday, August 5th. The company reported $0.46 EPS for the quarter, missing analysts' consensus estimates of $0.47 by ($0.01). The firm had revenue of $4.45 billion during the quarter, compared to analyst estimates of $4.34 billion. DoorDash had a net margin of 5.29% and a return on equity of 8.48%. DoorDash's quarterly revenue was up 35.6% on a year-over-year basis. During the same quarter last year, the firm earned $0.65 earnings per share. Research analysts anticipate that DoorDash, Inc. will post 2.49 earnings per share for the current fiscal year.

DoorDash Company Profile

DoorDash, Inc operates a local commerce platform that connects consumers with merchants and independent delivery workers. Its marketplace enables customers to order meals from restaurants as well as groceries, convenience items, alcohol where permitted, and products from other retail businesses through its websites and mobile applications.

The company also provides services designed to support merchants, including delivery logistics, online ordering, marketing, payment processing, and customer-engagement tools.

Want to see what other hedge funds are holding DASH? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for DoorDash, Inc. (NASDAQ:DASH - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.