Watershed Private Wealth LLC Takes Position in DoorDash, Inc. $DASH

Watershed Private Wealth LLC bought a new stake in shares of DoorDash, Inc. (NASDAQ:DASH) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund bought 13,941 shares of the company’s stock, valued at approximately $3,792,000. DoorDash accounts for approximately 1.2% of Watershed Private Wealth LLC’s portfolio, making the stock its 19th largest holding.

A number of other large investors have also bought and sold shares of the stock. Gilbert & Cook Inc. increased its stake in DoorDash by 2.6% in the second quarter. Gilbert & Cook Inc. now owns 1,685 shares of the company’s stock valued at $415,000 after purchasing an additional 42 shares in the last quarter. Perigon Wealth Management LLC increased its position in DoorDash by 1.3% in the 2nd quarter. Perigon Wealth Management LLC now owns 3,701 shares of the company’s stock valued at $912,000 after buying an additional 46 shares in the last quarter. Advisory Resource Group increased its position in DoorDash by 0.8% in the 2nd quarter. Advisory Resource Group now owns 5,774 shares of the company’s stock valued at $1,423,000 after buying an additional 48 shares in the last quarter. Quotient Wealth Partners LLC raised its stake in DoorDash by 3.2% during the 3rd quarter. Quotient Wealth Partners LLC now owns 1,537 shares of the company’s stock worth $418,000 after buying an additional 48 shares during the period. Finally, Hobart Private Capital LLC boosted its holdings in DoorDash by 2.4% in the third quarter. Hobart Private Capital LLC now owns 2,164 shares of the company’s stock worth $589,000 after acquiring an additional 50 shares in the last quarter. 90.64% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on DASH shares. Oppenheimer restated an “outperform” rating and set a $280.00 price objective on shares of DoorDash in a report on Thursday, November 6th. Wells Fargo & Company decreased their price target on shares of DoorDash from $301.00 to $239.00 and set an “equal weight” rating for the company in a research note on Thursday, November 6th. UBS Group dropped their price objective on shares of DoorDash from $316.00 to $241.00 and set a “neutral” rating on the stock in a research note on Thursday, November 6th. Weiss Ratings reiterated a “hold (c)” rating on shares of DoorDash in a report on Wednesday, October 8th. Finally, BTIG Research reaffirmed a “buy” rating and issued a $315.00 price target on shares of DoorDash in a research report on Thursday, November 6th. One analyst has rated the stock with a Strong Buy rating, twenty-six have issued a Buy rating and ten have assigned a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $275.74.

DoorDash Stock Down 0.7%

DoorDash stock opened at $226.48 on Friday. DoorDash, Inc. has a fifty-two week low of $155.40 and a fifty-two week high of $285.50. The company has a debt-to-equity ratio of 0.29, a quick ratio of 2.04 and a current ratio of 2.04. The firm’s 50-day simple moving average is $221.93 and its 200 day simple moving average is $241.21. The stock has a market cap of $97.61 billion, a PE ratio of 114.96 and a beta of 1.70.

DoorDash (NASDAQ:DASH) last posted its quarterly earnings data on Wednesday, November 5th. The company reported $0.55 EPS for the quarter, missing the consensus estimate of $0.68 by ($0.13). DoorDash had a net margin of 6.83% and a return on equity of 9.97%. The firm had revenue of $3.45 billion during the quarter, compared to analysts’ expectations of $3.35 billion. During the same quarter last year, the business posted $0.38 EPS. The company’s quarterly revenue was up 27.3% on a year-over-year basis. Research analysts predict that DoorDash, Inc. will post 2.22 EPS for the current fiscal year.

Insider Buying and Selling at DoorDash

In other news, COO Prabir Adarkar sold 30,000 shares of the firm’s stock in a transaction on Monday, December 22nd. The stock was sold at an average price of $234.57, for a total transaction of $7,037,100.00. Following the completion of the sale, the chief operating officer directly owned 874,130 shares of the company’s stock, valued at $205,044,674.10. This trade represents a 3.32% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Tony Xu sold 16,667 shares of DoorDash stock in a transaction on Thursday, December 18th. The stock was sold at an average price of $230.00, for a total value of $3,833,410.00. Following the sale, the chief executive officer owned 1,500 shares in the company, valued at $345,000. The trade was a 91.74% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 552,009 shares of company stock valued at $116,796,284 in the last ninety days. 5.83% of the stock is owned by corporate insiders.

DoorDash News Roundup

Here are the key news stories impacting DoorDash this week:

• Positive Sentiment: Wedbush raised its price target on DoorDash to $270 and kept an Outperform rating, signaling continued analyst confidence in the company’s growth trajectory. Wedbush Lifts PT on DoorDash (DASH) Stock
• Positive Sentiment: Reports that institutional/insider buyers have recently placed significant bets on DASH suggest smart-money interest that can support the share price over time. Insider Buying: Smart Money Just Spent +$100M on These 3 Stocks
• Neutral Sentiment: Coverage highlights an “unexpected wave” of new users fueling growth, but raises questions about whether paid delivery is sustainable for consumers’ wallets — a mixed read for long-term margins and retention. An unexpected wave of users is fueling DoorDash’s growth, but does paying for food delivery actually make sense for consumers’ wallets?
• Neutral Sentiment: Analysis arguing DoorDash is executing well but that the market has largely priced in expectations suggests limited near-term upside despite operational progress. DoorDash Is Executing Well, But The Market Already Knows It
• Negative Sentiment: Multiple recent local reports describe aggressive incidents involving DoorDash drivers, including a violent road‑rage/punching case and an elderly man hospitalized after confrontations in Wixom/Oakland County — raising reputational, legal and potential regulatory concerns. Man in critical condition after being punched by DoorDash driver: cops DoorDash driver charged with assault in road rage incident in Wixom Elderly man hospitalized after confrontation with Oakland County DoorDash driver
• Negative Sentiment: Separate reports of a driver scamming a customer and a widely shared video of a racial confrontation involving a DoorDash driver amplify reputational risk and could prompt increased scrutiny of driver vetting and platform enforcement. DoorDash driver caught doing the unthinkable to scam customer Black DoorDash driver defends himself against alleged racial slur

About DoorDash

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.