New York Life Investment Management LLC Buys 206,484 Shares of DoorDash, Inc. $DASH

Key Points

• New York Life Investment Management increased its DoorDash stake by 391.2% in the third quarter, buying 206,484 shares and ending the period with 259,271 shares valued at about $47.6 million. Institutional investors collectively own 90.64% of the stock.
• DoorDash reported quarterly earnings of $1.06 per share, above the $0.81 consensus estimate, while revenue of $4.62 billion topped estimates and grew 34% year over year.
• Analysts’ consensus rating is “Moderate Buy,” with an average price target of $249.82; recent target revisions were mixed, including upgrades from JPMorgan and cuts from Barclays.

New York Life Investment Management LLC grew its stake in DoorDash, Inc. (NASDAQ:DASH - Free Report) by 391.2% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 259,271 shares of the company's stock after buying an additional 206,484 shares during the period. New York Life Investment Management LLC owned approximately 0.06% of DoorDash worth $47,589,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. 71 West Capital Partners raised its stake in shares of DoorDash by 807.9% in the 3rd quarter. 71 West Capital Partners now owns 10,123 shares of the company's stock valued at $1,858,000 after acquiring an additional 9,008 shares in the last quarter. Nemes Rush Group LLC lifted its holdings in DoorDash by 18.7% in the 3rd quarter. Nemes Rush Group LLC now owns 1,899 shares of the company's stock worth $329,000 after purchasing an additional 299 shares during the last quarter. Fairscale Capital LLC lifted its holdings in DoorDash by 128.6% in the 3rd quarter. Fairscale Capital LLC now owns 144 shares of the company's stock worth $25,000 after purchasing an additional 81 shares during the last quarter. Vestor Capital LLC bought a new stake in DoorDash during the third quarter worth approximately $679,000. Finally, Retirement Systems of Alabama boosted its position in DoorDash by 390.8% during the third quarter. Retirement Systems of Alabama now owns 390,142 shares of the company's stock worth $71,611,000 after purchasing an additional 310,644 shares during the period. Institutional investors own 90.64% of the company's stock.

More DoorDash News

Here are the key news stories impacting DoorDash this week:

• Positive Sentiment: Reports say AI agents have generated only a small number of orders on DoorDash and other delivery and ride-hailing apps, suggesting that agent-driven ordering is not yet a meaningful threat to DoorDash’s customer channel. Article: Almost nobody uses AI agents to order food or rides on apps like Uber
• Neutral Sentiment: Coverage puts the proposed $17 billion Instacart deal in focus. DoorDash is described as growing quickly, while Instacart has argued the transaction should be approved given competition from Walmart and Amazon. The deal could offer strategic scale, but its approval and eventual execution remain important uncertainties for investors. Article: DoorDash (DASH) Is Growing Fast, but Its $17 Billion Instacart Deal Takes Center Stage Article: Instacart points to Walmart and Amazon as reasons its merger with DoorDash should be approved
• Neutral Sentiment: Multiple outlets report that a Pennsylvania DoorDash driver is missing. The reports describe an ongoing search, not a company operational or financial development; any direct impact on DASH is unclear. Article: DoorDash driver mysteriously disappeared after making his last delivery, reports say
• Negative Sentiment: Uber has asked an appeals court to keep a case involving DoorDash out of arbitration. The dispute adds legal uncertainty, though the article does not report a ruling or quantify potential financial exposure. Article: Uber Asks Appeals Court to Keep DoorDash Case Out of Arbitration

Wall Street Analyst Weigh In

Several brokerages have commented on DASH. JPMorgan Chase & Co. increased their price target on DoorDash from $250.00 to $262.00 in a report on Wednesday, August 5th. Wedbush upgraded shares of DoorDash from a "neutral" rating to an "outperform" rating and boosted their price objective for the stock from $220.00 to $230.00 in a research note on Friday, October 30th. Barclays lowered their target price on shares of DoorDash from $230.00 to $205.00 and set an "equal weight" rating on the stock in a research note on Friday, October 30th. Roth Capital lifted their target price on shares of DoorDash from $200.00 to $220.00 and gave the stock a "neutral" rating in a report on Monday, August 10th. Finally, Moffett Nathanson dropped their target price on shares of DoorDash from $280.00 to $278.00 and set a "buy" rating on the stock in a report on Thursday, August 6th. One analyst has rated the stock with a Strong Buy rating, thirty-one have issued a Buy rating and ten have assigned a Hold rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $249.82.

DoorDash Stock Performance

DASH opened at $178.25 on Wednesday. The company has a quick ratio of 1.46, a current ratio of 1.46 and a debt-to-equity ratio of 0.25. The stock's 50 day moving average price is $191.19 and its two-hundred day moving average price is $182.24. The firm has a market capitalization of $77.71 billion, a P/E ratio of 73.66, a price-to-earnings-growth ratio of 1.50 and a beta of 1.98. DoorDash, Inc. has a 12-month low of $143.30 and a 12-month high of $239.00.

DoorDash (NASDAQ:DASH - Get Free Report) last issued its quarterly earnings results on Thursday, October 29th. The company reported $1.06 EPS for the quarter, topping analysts' consensus estimates of $0.81 by $0.25. DoorDash had a return on equity of 10.40% and a net margin of 6.23%. The company had revenue of $4.62 billion during the quarter, compared to analyst estimates of $4.56 billion. During the same period in the previous year, the company earned $0.55 earnings per share. The company's quarterly revenue was up 34.0% compared to the same quarter last year. On average, equities analysts forecast that DoorDash, Inc. will post 2.69 earnings per share for the current year.

Insiders Place Their Bets

In related news, CFO Ravi Inukonda sold 1,017 shares of the company's stock in a transaction on Monday, October 12th. The shares were sold at an average price of $195.00, for a total transaction of $198,315.00. Following the completion of the transaction, the chief financial officer directly owned 217,911 shares in the company, valued at $42,492,645. This represents a 0.46% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Andy Fang sold 5,000 shares of the stock in a transaction on Thursday, October 1st. The shares were sold at an average price of $183.69, for a total transaction of $918,450.00. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 349,430 shares of company stock valued at $76,644,002 in the last 90 days. 44.90% of the stock is currently owned by corporate insiders.

DoorDash Company Profile

DoorDash, Inc. operates a local commerce platform that connects consumers with restaurants and other merchants, as well as with independent delivery workers. Through its app and website, customers can order restaurant meals, groceries, convenience items and products from other local retailers for delivery or pickup. The company also provides services for merchants, including tools for online ordering, marketing and fulfillment. Its offerings include DoorDash Drive, which provides delivery logistics for merchants' own orders, and DashPass, a subscription program for eligible orders.

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