Traynor Capital Management Inc. Makes New $1.03 Million Investment in DoorDash, Inc. $DASH

Key Points

• Traynor Capital Management initiated a DoorDash position worth approximately $1.03 million, purchasing 5,639 shares during the third quarter. Institutional investors collectively own 90.64% of DASH shares.
• DoorDash reported stronger-than-expected quarterly results, with $1.06 in EPS versus the $0.81 consensus estimate and $4.62 billion in revenue, up 34% year over year.
• Insiders sold 326,305 shares worth about $72.3 million over the past quarter, while analyst sentiment remains broadly positive with a “Moderate Buy” consensus and an average price target of $249.88.

Traynor Capital Management Inc. purchased a new stake in shares of DoorDash, Inc. (NASDAQ:DASH - Free Report) during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 5,639 shares of the company's stock, valued at approximately $1,035,000.

A number of other institutional investors and hedge funds have also bought and sold shares of DASH. Janus Henderson Group PLC boosted its stake in shares of DoorDash by 40.2% in the first quarter. Janus Henderson Group PLC now owns 7,762,553 shares of the company's stock worth $1,159,377,000 after acquiring an additional 2,225,954 shares during the period. Robeco Institutional Asset Management B.V. grew its position in shares of DoorDash by 2,304.0% during the third quarter. Robeco Institutional Asset Management B.V. now owns 3,452,110 shares of the company's stock worth $633,635,000 after purchasing an additional 3,308,512 shares in the last quarter. Assenagon Asset Management S.A. grew its position in shares of DoorDash by 372.0% during the third quarter. Assenagon Asset Management S.A. now owns 3,137,719 shares of the company's stock worth $575,928,000 after purchasing an additional 2,472,980 shares in the last quarter. Temasek Holdings Private Ltd raised its stake in DoorDash by 49.4% during the 1st quarter. Temasek Holdings Private Ltd now owns 3,461,501 shares of the company's stock valued at $519,744,000 after purchasing an additional 1,145,078 shares during the period. Finally, Bank of America Corp DE raised its stake in DoorDash by 18.4% during the 1st quarter. Bank of America Corp DE now owns 3,449,266 shares of the company's stock valued at $517,907,000 after purchasing an additional 536,080 shares during the period. 90.64% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other news, CFO Ravi Inukonda sold 1,017 shares of the stock in a transaction that occurred on Monday, October 12th. The stock was 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 approximately $42,492,645. This represents a 0.46% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Stanley Tang sold 23,125 shares of the firm's stock in a transaction on Friday, October 2nd. The shares were sold at an average price of $186.19, for a total transaction of $4,305,643.75. Following the completion of the transaction, the director directly owned 10,361 shares of the company's stock, valued at approximately $1,929,114.59. This trade represents a 69.06% decrease in their ownership of the stock. 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. Over the last quarter, insiders have sold 326,305 shares of company stock worth $72,280,083. Insiders own 44.90% of the company's stock.

DoorDash Trading Up 6.2%

Shares of DASH stock opened at $190.07 on Tuesday. DoorDash, Inc. has a 12-month low of $143.30 and a 12-month high of $258.00. The company has a current ratio of 1.37, a quick ratio of 1.37 and a debt-to-equity ratio of 0.27. The stock's 50-day moving average price is $197.17 and its 200-day moving average price is $182.97. The stock has a market capitalization of $82.36 billion, a price-to-earnings ratio of 78.54 and a beta of 1.90.

DoorDash (NASDAQ:DASH - Get Free Report) last posted its 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. The company had revenue of $4.62 billion for the quarter, compared to the consensus estimate of $4.56 billion. DoorDash had a return on equity of 8.48% and a net margin of 5.29%. The firm's revenue for the quarter was up 34.0% on a year-over-year basis. During the same period in the previous year, the business earned $0.55 earnings per share. Equities research analysts predict that DoorDash, Inc. will post 2.64 EPS for the current fiscal year.

DoorDash News Summary

Here are the key news stories impacting DoorDash this week:

• Positive Sentiment: DoorDash’s proposed acquisition of Instacart could create scale benefits, consolidate subscriptions over time and give members a broader range of delivery and grocery services. Investors may view the deal as strategically strengthening DoorDash’s competitive position. Doordash is acquiring Instacart. For you, that means one less subscription, eventually.
• Positive Sentiment: DoorDash is rolling out $12 restaurant meal deals in select cities, including full meals with no delivery fee. The program may attract budget-conscious customers and increase order frequency, though its effect on margins remains uncertain. DoorDash enters the restaurant value wars with a $12 meal deal
• Positive Sentiment: Wedbush upgraded DoorDash, while Cantor Fitzgerald reiterated its overweight rating. Another analyst raised the price target to $340, reinforcing the bullish view among some Wall Street firms. DoorDash upgraded at Wedbush Overweight rating reiterated at Cantor Fitzgerald Price target raised to $340
• Neutral Sentiment: Analysts delivered mixed signals: Scotiabank and Barclays trimmed their price targets, suggesting valuation or execution concerns despite broader optimism about DASH. Scotiabank trims DoorDash price target Barclays cuts DoorDash price target
• Negative Sentiment: The FTC is probing personalized pricing at Instacart shortly after DoorDash agreed to acquire it. Increased regulatory attention could delay the transaction, raise costs or complicate expected synergies. FTC probes personalized pricing at Instacart
• Negative Sentiment: DoorDash CEO Tony Xu said AI-agent activity remains limited, with only several hundred orders generated so far. That tempers near-term expectations for AI-driven order growth. DoorDash sees limited AI orders
• Negative Sentiment: Competition is intensifying, with rival Olo promoting lower-priced takeout. DoorDash’s value-meal response may defend demand but could pressure pricing and delivery economics. New DoorDash rival promises cheaper takeout

Analyst Ratings Changes

DASH has been the topic of a number of research analyst reports. Mizuho set a $255.00 price target on DoorDash in a report on Friday. Weiss Ratings reaffirmed a "hold (c)" rating on shares of DoorDash in a report on Friday, August 7th. Raymond James Financial reiterated a "buy" rating on shares of DoorDash in a research report on Thursday, September 3rd. Loop Capital lifted their price objective on shares of DoorDash from $225.00 to $280.00 and gave the company a "buy" rating in a research report on Tuesday, September 22nd. Finally, Piper Sandler reissued a "neutral" rating and issued a $220.00 target price (up from $205.00) on shares of DoorDash in a report on Thursday, August 6th. Two equities research analysts have rated the stock with a Strong Buy rating, thirty-one have issued a Buy rating and ten have issued a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $249.88.

DoorDash Profile

DoorDash, Inc NASDAQ: DASH operates a local commerce platform that connects consumers with restaurants, grocery stores, convenience retailers and other merchants. Through its website and mobile applications, customers can browse products, place orders for delivery or pickup, and access related services.

The company provides merchants with ordering, delivery, logistics, marketing and payment tools. Its offerings include the DoorDash Marketplace, subscription programs such as DashPass, and delivery infrastructure that merchants can use through services including DoorDash Drive.

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