NewEdge Advisors LLC Raises Holdings in DoorDash, Inc. $DASH

Key Points

• NewEdge Advisors increased its DoorDash stake by 1,824% in the second quarter, adding 105,498 shares to hold 111,282 shares worth approximately $20.5 million. Institutional investors collectively own 90.64% of the company.
• Analyst sentiment remains favorable, with DoorDash rated a consensus “Moderate Buy” and an average price target near $257.47; recent targets range from $225 to $275.
• DoorDash reported quarterly revenue of $4.45 billion, up 35.6% year over year and above estimates, although EPS of $0.46 narrowly missed expectations. The stock opened at $201.03, while its high valuation—about 105 times earnings—and recent insider sales remain potential concerns.

NewEdge Advisors LLC boosted its stake in shares of DoorDash, Inc. (NASDAQ:DASH - Free Report) by 1,824.0% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 111,282 shares of the company's stock after acquiring an additional 105,498 shares during the quarter. NewEdge Advisors LLC's holdings in DoorDash were worth $20,535,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. MV Capital Management Inc. acquired a new position in DoorDash in the 4th quarter worth about $26,000. Washington Trust Advisors Inc. grew its holdings in DoorDash by 81.0% in the second quarter. Washington Trust Advisors Inc. now owns 143 shares of the company's stock valued at $26,000 after purchasing an additional 64 shares during the period. Swiss RE Ltd. acquired a new stake in DoorDash in the fourth quarter valued at approximately $28,000. Kemnay Advisory Services Inc. purchased a new stake in shares of DoorDash in the fourth quarter valued at approximately $32,000. Finally, Sunbelt Securities Inc. increased its position in shares of DoorDash by 124.1% in the third quarter. Sunbelt Securities Inc. now owns 121 shares of the company's stock valued at $33,000 after buying an additional 67 shares in the last quarter. Hedge funds and other institutional investors 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

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the stock. Citigroup reissued a "market outperform" rating on shares of DoorDash in a report on Monday, August 24th. Jefferies Financial Group lifted their target price on shares of DoorDash from $220.00 to $225.00 and gave the company a "buy" rating in a research report on Tuesday, July 14th. BTIG Research reissued a "buy" rating and set a $225.00 target price on shares of DoorDash in a research note on Thursday, August 6th. Benchmark cut their target price on shares of DoorDash from $285.00 to $270.00 and set a "buy" rating for the company in a research note on Monday, August 3rd. Finally, Raymond James Financial restated a "buy" rating on shares of DoorDash in a research report on Thursday, September 3rd. One research analyst has rated the stock with a Strong Buy rating, twenty-six have issued a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $257.47.

DoorDash Trading Up 1.9%

Shares of DASH opened at $201.03 on Friday. DoorDash, Inc. has a 52-week low of $143.30 and a 52-week high of $285.50. The stock has a market cap of $87.11 billion, a PE ratio of 105.25 and a beta of 1.79. The firm's fifty day moving average is $205.01 and its two-hundred day moving average is $179.54. 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 (NASDAQ:DASH - Get Free Report) last issued its 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 business 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 company earned $0.65 earnings per share. Research analysts forecast that DoorDash, Inc. will post 2.49 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, CEO Tony Xu sold 3,767 shares of the business's stock in a transaction that occurred on Tuesday, August 25th. The stock was sold at an average price of $230.00, for a total transaction of $866,410.00. Following the transaction, the chief executive officer directly owned 1,500 shares in the company, valued at $345,000. The trade was a 71.52% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, COO Prabir Adarkar sold 55,289 shares of the company's 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 trade represents a 5.61% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 399,553 shares of company stock worth $87,034,140 in the last 90 days. Corporate insiders own 44.90% of the company's stock.

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.

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