Plato Investment Management Ltd acquired a new stake in shares of DoorDash, Inc. (NASDAQ:DASH - Free Report) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 5,583 shares of the company's stock, valued at approximately $1,024,000.
A number of other large investors have also added to or reduced their stakes in the company. Vanguard Group Inc. boosted its holdings in DoorDash by 1.7% in the fourth quarter. Vanguard Group Inc. now owns 43,426,479 shares of the company's stock worth $9,835,229,000 after acquiring an additional 713,571 shares in the last quarter. SC US Ttgp LTD. raised its holdings in shares of DoorDash by 1.6% in the fourth quarter. SC US Ttgp LTD. now owns 31,686,624 shares of the company's stock worth $7,176,387,000 after buying an additional 506,358 shares during the last quarter. Morgan Stanley lifted its stake in shares of DoorDash by 2.3% during the fourth quarter. Morgan Stanley now owns 17,536,824 shares of the company's stock worth $3,971,741,000 after buying an additional 391,596 shares during the period. State Street Corp lifted its stake in shares of DoorDash by 3.0% during the fourth quarter. State Street Corp now owns 15,761,072 shares of the company's stock worth $3,569,568,000 after buying an additional 464,448 shares during the period. Finally, Price T Rowe Associates Inc. MD grew its holdings in shares of DoorDash by 32.8% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 13,958,114 shares of the company's stock valued at $3,161,234,000 after buying an additional 3,447,754 shares during the last quarter. 90.64% of the stock is currently owned by institutional investors.
Insider Buying and Selling at DoorDash
In related news, Director Stanley Tang sold 67,693 shares of DoorDash stock in a transaction that occurred on Monday, August 3rd. The shares were sold at an average price of $200.63, for a total value of $13,581,246.59. Following the completion of the sale, the director owned 40,218 shares in the company, valued at approximately $8,068,937.34. This trade represents a 62.73% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, COO Prabir Adarkar sold 21,739 shares of DoorDash stock in a transaction on Tuesday, May 26th. The shares were sold at an average price of $155.25, for a total value of $3,374,979.75. Following the completion of the sale, the chief operating officer directly owned 959,076 shares of the company's stock, valued at $148,896,549. The trade was a 2.22% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders sold 142,620 shares of company stock valued at $26,822,778. 5.28% of the stock is currently owned by company insiders.
More DoorDash News
Here are the key news stories impacting DoorDash this week:
- Positive Sentiment: Expanded retail partnerships broaden DoorDash’s addressable market. DoorDash is making back-to-school shopping available through Barnes & Noble, Carter’s and Kohl’s, while Australia’s BIG W is launching same-day delivery through the platform. These deals could increase order frequency and diversify revenue beyond restaurant delivery. DoorDash Makes Back-to-School Shopping Easier with Barnes & Noble, Carter's, and Kohl's BIG W launches same-day delivery through DoorDash partnership
- Positive Sentiment: DoorDash is expanding into video-game commerce. The company has begun selling video games, apparently using pickup or retailer fulfillment rather than delivering the products directly. The initiative is strategically positive because it extends DoorDash’s marketplace into another high-demand retail category, though the near-term financial impact is likely limited. DoorDash starts selling video games but won’t drop them at your door
- Positive Sentiment: Autonomous delivery could improve long-term operating efficiency. DoorDash and Grubhub are taking delivery robots previously unwanted by Uber, and DoorDash’s robotics partnerships are expanding. Wider robot deployment could eventually reduce delivery costs and support higher order volumes, although the articles provide no timeline or quantified savings. Grubhub and DoorDash are taking the delivery robots Uber didn’t want
- Neutral Sentiment: Reports that DoorDash and Uber Eats will avoid raising prices after delivery-worker minimum wages were locked in may help preserve customer demand, but could constrain margins if labor costs rise. UberEats and DoorDash to avoid increasing prices
- Negative Sentiment: A wrongful-death lawsuit connected to a customer killed while picking up a DoorDash order creates some reputational and potential legal overhang, although the reported claims target the alleged shooter and Popeyes rather than clearly identifying DoorDash as a defendant. Mother of man killed while picking up DoorDash order sues Popeyes and alleged shooter
Wall Street Analysts Forecast Growth
Several research firms have commented on DASH. Needham & Company LLC reaffirmed a "buy" rating and issued a $265.00 price target on shares of DoorDash in a report on Thursday, August 6th. Jefferies Financial Group lifted their price objective on DoorDash from $220.00 to $225.00 and gave the company a "buy" rating in a research note on Tuesday, July 14th. Benchmark lowered their target price on DoorDash from $285.00 to $270.00 and set a "buy" rating on the stock in a research note on Monday, August 3rd. Barclays raised their target price on DoorDash from $220.00 to $230.00 and gave the stock an "equal weight" rating in a report on Thursday, August 6th. Finally, UBS Group lifted their price target on DoorDash from $223.00 to $225.00 and gave the company a "neutral" rating in a research report on Thursday, August 6th. Twenty-three analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, DoorDash has a consensus rating of "Moderate Buy" and a consensus price target of $254.09.
View Our Latest Stock Analysis on DASH
DoorDash Price Performance
Shares of NASDAQ DASH opened at $216.35 on Wednesday. The firm has a 50-day simple moving average of $188.55 and a 200-day simple moving average of $174.89. The stock has a market capitalization of $93.74 billion, a price-to-earnings ratio of 113.27 and a beta of 1.78. 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 52 week low of $143.30 and a 52 week high of $285.50.
DoorDash (NASDAQ:DASH - Get Free Report) last posted its quarterly earnings results on Wednesday, August 5th. The company reported $0.46 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.47 by ($0.01). DoorDash had a net margin of 5.29% and a return on equity of 8.48%. The company had revenue of $4.45 billion during the quarter, compared to analysts' expectations of $4.34 billion. During the same quarter last year, the company earned $0.65 earnings per share. DoorDash's revenue for the quarter was up 35.6% on a year-over-year basis. On average, equities analysts predict that DoorDash, Inc. will post 2.47 earnings per share for the current fiscal year.
About DoorDash
(
Free Report)
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.
Further Reading
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