Pictet Asset Management Holding SA Buys 87,678 Shares of DoorDash, Inc. $DASH

Key Points

• Pictet Asset Management increased its stake in DoorDash by 17.8%, buying 87,678 shares to hold 579,293 shares valued at about $131.2 million, and institutional investors now own roughly 90.6% of the stock.
• DoorDash's latest quarter showed revenue of $3.96 billion (up 37.7% YoY) but missed EPS at $0.48 versus $0.58 expected; the stock trades at a high P/E (~82) and carries a consensus rating of "Moderate Buy" with an average target near $260.29.
• Company catalysts include a meaningful grocery expansion in Canada (partners like Sobeys/Safeway) and a TD Cowen Buy initiation, while near-term risks include a rare driver safety incident, merchant pushback over fees, and notable insider selling (89,406 shares sold in the last 90 days).

Pictet Asset Management Holding SA lifted its stake in DoorDash, Inc. (NASDAQ:DASH - Free Report) by 17.8% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 579,293 shares of the company's stock after acquiring an additional 87,678 shares during the period. Pictet Asset Management Holding SA owned 0.13% of DoorDash worth $131,198,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in DASH. Brighton Jones LLC raised its position in shares of DoorDash by 24.0% in the 4th quarter. Brighton Jones LLC now owns 9,336 shares of the company's stock worth $1,566,000 after acquiring an additional 1,807 shares in the last quarter. Integrated Wealth Concepts LLC raised its position in shares of DoorDash by 21.5% in the 1st quarter. Integrated Wealth Concepts LLC now owns 1,715 shares of the company's stock worth $314,000 after acquiring an additional 303 shares in the last quarter. Empowered Funds LLC raised its position in shares of DoorDash by 3.6% in the 1st quarter. Empowered Funds LLC now owns 8,130 shares of the company's stock worth $1,486,000 after acquiring an additional 285 shares in the last quarter. Sivia Capital Partners LLC raised its position in shares of DoorDash by 92.9% in the 2nd quarter. Sivia Capital Partners LLC now owns 4,255 shares of the company's stock worth $1,049,000 after acquiring an additional 2,049 shares in the last quarter. Finally, Baird Financial Group Inc. bought a new position in shares of DoorDash in the 2nd quarter worth $222,000. 90.64% of the stock is owned by institutional investors.

DoorDash Trading Down 1.5%

Shares of NASDAQ:DASH opened at $174.07 on Tuesday. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.41 and a quick ratio of 1.41. The business's 50-day moving average is $167.04 and its 200 day moving average is $201.21. The firm has a market capitalization of $75.62 billion, a P/E ratio of 82.11 and a beta of 1.93. DoorDash, Inc. has a 1 year low of $143.30 and a 1 year high of $285.50.

DoorDash (NASDAQ:DASH - Get Free Report) last posted its quarterly earnings results on Wednesday, February 18th. The company reported $0.48 earnings per share for the quarter, missing the consensus estimate of $0.58 by ($0.10). The firm had revenue of $3.96 billion for the quarter, compared to analysts' expectations of $3.98 billion. DoorDash had a net margin of 6.82% and a return on equity of 10.15%. The firm's revenue for the quarter was up 37.7% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.33 EPS. On average, research analysts predict that DoorDash, Inc. will post 2.51 earnings per share for the current fiscal year.

DoorDash News Roundup

Here are the key news stories impacting DoorDash this week:

• Positive Sentiment: TD Cowen initiated coverage with a Buy and $225 price target, calling DoorDash a long-duration compounder — a notable analyst endorsement that supports upside and investor confidence. Article Title
• Positive Sentiment: DoorDash announced a meaningful grocery expansion in Canada via partnerships with Empire Company Limited (Sobeys/Safeway), adding regional grocers and boosting local supermarket selection — this expands TAM in grocery, raises order frequency potential, and diversifies revenue outside of restaurants. Article Title
• Positive Sentiment: Multiple regional grocers (including Sobeys/Safeway and four additional partners) were added to DoorDash’s platform to deepen local grocery selection — supports international growth narrative and cross-sell opportunities for DashPass and ads. Article Title
• Neutral Sentiment: Broad media coverage (CNBC/MSN) highlighted the grocery push and analyst calls — increases visibility and could attract retail interest, but the coverage itself is information flow rather than a direct financial driver. Article Title
• Neutral Sentiment: Marketing promotions (e.g., DoorDash’s Mother’s Day restaurant/flower roundups) help engagement and seasonal order volume but are routine and unlikely to move the stock materially on their own. Article Title
• Negative Sentiment: Safety incident: a DoorDash driver was shot and exchanged fire with an attacker in Nashville (driver wounded, suspect killed) — while rare, such events raise driver safety, insurance and PR risk that can affect retention and costs. Article Title
• Negative Sentiment: Merchant pushback: a reported Omaha restaurant owner dropped DoorDash (and other apps) citing high fees — highlights ongoing tension with restaurants over economics, which could pressure merchant mix or lead to more restaurants exploring in-house delivery. Article Title
• Negative Sentiment: Recent quarter context: DoorDash’s last reported quarterly EPS came in below Street estimates (and revenue was roughly in line), keeping profitability scrutiny high — this continues to cap multiple expansion until margins consistently beat forecasts. (Company filings/earnings release)

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on DASH shares. Mizuho reduced their target price on DoorDash from $320.00 to $255.00 and set an "outperform" rating on the stock in a research report on Tuesday, March 3rd. Wolfe Research set a $270.00 target price on DoorDash in a research report on Monday, January 5th. Piper Sandler reaffirmed a "neutral" rating and set a $220.00 target price (down from $230.00) on shares of DoorDash in a research report on Thursday, February 19th. KeyCorp upped their target price on DoorDash from $275.00 to $280.00 and gave the company an "overweight" rating in a research report on Thursday, February 19th. Finally, DA Davidson reduced their target price on DoorDash from $260.00 to $224.00 and set a "neutral" rating on the stock in a research report on Thursday, February 19th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-five have assigned a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $260.29.

Insider Buying and Selling at DoorDash

In other DoorDash news, Director Shona L. Brown sold 1,250 shares of the business's stock in a transaction dated Monday, March 9th. The stock was sold at an average price of $176.61, for a total transaction of $220,762.50. Following the sale, the director owned 31,002 shares in the company, valued at approximately $5,475,263.22. The trade was a 3.88% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Stanley Tang sold 21,433 shares of the business's stock in a transaction dated Thursday, April 2nd. The shares were sold at an average price of $150.00, for a total value of $3,214,950.00. Following the sale, the director owned 19,279 shares in the company, valued at approximately $2,891,850. The trade was a 52.65% 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. In the last 90 days, insiders have sold 89,406 shares of company stock worth $16,639,624. 5.83% of the stock is currently owned by insiders.

DoorDash Company Profile

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.

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.