Hsbc Holdings PLC Sells 34,648 Shares of DoorDash, Inc. $DASH

Hsbc Holdings PLC reduced its stake in shares of DoorDash, Inc. (NASDAQ:DASH) by 5.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 585,314 shares of the company’s stock after selling 34,648 shares during the quarter. Hsbc Holdings PLC’s holdings in DoorDash were worth $132,642,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in DASH. American Century Companies Inc. increased its position in shares of DoorDash by 5.0% during the 3rd quarter. American Century Companies Inc. now owns 485,088 shares of the company’s stock worth $131,941,000 after purchasing an additional 22,944 shares in the last quarter. Intech Investment Management LLC raised its stake in shares of DoorDash by 707.8% in the fourth quarter. Intech Investment Management LLC now owns 253,348 shares of the company’s stock worth $57,378,000 after acquiring an additional 221,985 shares during the last quarter. Vaughan Nelson Investment Management L.P. bought a new position in DoorDash in the 4th quarter worth approximately $41,712,000. Mitsubishi UFJ Asset Management Co. Ltd. increased its stake in shares of DoorDash by 7.1% in the 3rd quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 806,191 shares of the company’s stock valued at $219,276,000 after buying an additional 53,722 shares during the period. Finally, Jefferies Financial Group Inc. increased its stake in shares of DoorDash by 136.6% in the 3rd quarter. Jefferies Financial Group Inc. now owns 42,355 shares of the company’s stock valued at $11,520,000 after buying an additional 24,454 shares during the period. 90.64% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on DASH. TD Cowen started coverage on DoorDash in a research note on Monday, April 27th. They set a “buy” rating and a $225.00 price target on the stock. Piper Sandler lowered their price objective on DoorDash from $220.00 to $205.00 and set a “neutral” rating for the company in a research report on Thursday, May 7th. Weiss Ratings raised DoorDash from a “hold (c-)” rating to a “hold (c)” rating in a report on Wednesday, May 13th. DA Davidson cut their target price on shares of DoorDash from $224.00 to $200.00 and set a “neutral” rating on the stock in a research report on Thursday, May 7th. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $265.00 target price on shares of DoorDash in a research note on Thursday, May 7th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-five have issued a Buy rating and nine have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $256.11.

Insider Activity

In related news, Director Stanley Tang sold 21,433 shares of DoorDash stock in a transaction that occurred on Thursday, April 2nd. The shares were sold at an average price of $150.00, for a total transaction of $3,214,950.00. Following the transaction, the director owned 19,279 shares of the company’s stock, valued at $2,891,850. This trade represents a 52.65% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, General Counsel Tia Sherringham sold 2,743 shares of the business’s stock in a transaction that occurred on Friday, May 22nd. The shares were sold at an average price of $160.79, for a total transaction of $441,046.97. Following the transaction, the general counsel owned 128,216 shares of the company’s stock, valued at approximately $20,615,850.64. This represents a 2.09% decrease in their position. 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 90 days, insiders have sold 58,558 shares of company stock valued at $9,324,940. Insiders own 5.83% of the company’s stock.

DoorDash Trading Up 0.0%

NASDAQ DASH opened at $173.49 on Monday. DoorDash, Inc. has a 12 month low of $143.30 and a 12 month high of $285.50. The stock has a 50-day simple moving average of $164.07 and a 200 day simple moving average of $183.16. The company has a current ratio of 1.43, a quick ratio of 1.43 and a debt-to-equity ratio of 0.27. The company has a market capitalization of $75.59 billion, a PE ratio of 82.61 and a beta of 1.83.

DoorDash (NASDAQ:DASH) last issued its earnings results on Wednesday, May 6th. The company reported $0.42 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.36 by $0.06. The firm had revenue of $4.04 billion for the quarter, compared to analysts’ expectations of $4.15 billion. DoorDash had a return on equity of 9.58% and a net margin of 6.29%.The company’s revenue was up 33.1% compared to the same quarter last year. During the same quarter last year, the business earned $0.44 earnings per share. Research analysts forecast that DoorDash, Inc. will post 2.44 EPS for the current year.

Key Headlines Impacting DoorDash

Here are the key news stories impacting DoorDash this week:

• Positive Sentiment: DoorDash is drawing attention for its “Summer of DashPass” promotion, which highlights discounts and membership value that could support orders and subscriber engagement. Here’s Why DoorDash’s Summer of DashPass Is One of the Season’s Best Sale Events
• Positive Sentiment: The company’s World Cup-themed campaign is getting additional exposure, which may help DoorDash stay top-of-mind with consumers heading into a major sporting event. DoorDash leans into 2026 World Cup fandom with campaign — Vote now in Ad Meter Brand Spotlight
• Positive Sentiment: Several food-and-lifestyle articles are reinforcing DoorDash’s brand presence by promoting restaurant recommendations and delivery use cases, which can support consumer awareness. These 2 North Texas restaurants are among the best spots to celebrate dad, DoorDash says
• Neutral Sentiment: Coverage of Brooklyn Beckham’s DoorDash ad is generating buzz and broadening reach, but the headlines focus more on the celebrity family drama than on a clear business catalyst. Brooklyn Beckham takes another swipe at his parents as full DoorDash advert released
• Neutral Sentiment: An earnings comparison piece on DoorDash and other gig economy names is mostly informational and does not appear to introduce new company-specific news. Q1 Earnings Highs And Lows: DoorDash (NASDAQ:DASH) Vs The Rest Of The Gig Economy Stocks
• Negative Sentiment: Some media coverage frames the Brooklyn Beckham ad as a “PR mess” or backlash-driven story, which could slightly offset the benefit of the campaign if the controversy overshadows the brand message. Brooklyn Beckham’s DoorDash World Cup Ad Turns Family Feud Into a PR Mess

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.