PensionDanmark Pensionsforsikringsaktieselskab Sells 136,338 Shares of DoorDash, Inc. $DASH

PensionDanmark Pensionsforsikringsaktieselskab reduced its stake in DoorDash, Inc. (NASDAQ:DASH) by 71.7% during the second quarter, HoldingsChannel reports. The fund owned 53,824 shares of the company’s stock after selling 136,338 shares during the period. PensionDanmark Pensionsforsikringsaktieselskab’s holdings in DoorDash were worth $9,932,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Trust Asset Management LLC raised its position in shares of DoorDash by 7.8% in the 2nd quarter. Trust Asset Management LLC now owns 4,070 shares of the company’s stock worth $751,000 after purchasing an additional 294 shares during the last quarter. GAMMA Investing LLC boosted its stake in DoorDash by 39.8% in the 2nd quarter. GAMMA Investing LLC now owns 6,644 shares of the company’s stock worth $1,226,000 after purchasing an additional 1,891 shares in the last quarter. CoreCap Advisors LLC grew its position in DoorDash by 5,258.9% during the 2nd quarter. CoreCap Advisors LLC now owns 3,912 shares of the company’s stock valued at $722,000 after purchasing an additional 3,839 shares during the last quarter. City Center Advisors LLC increased its stake in DoorDash by 24.6% during the 2nd quarter. City Center Advisors LLC now owns 3,191 shares of the company’s stock valued at $589,000 after purchasing an additional 629 shares in the last quarter. Finally, Sincerus Advisory LLC bought a new stake in DoorDash during the 2nd quarter valued at about $243,000. 90.64% of the stock is currently owned by institutional investors.

DoorDash Price Performance

Shares of NASDAQ:DASH opened at $216.26 on Friday. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.43 and a current ratio of 1.37. The firm has a market cap of $94.23 billion, a price-to-earnings ratio of 113.23 and a beta of 1.78. The business has a 50-day simple moving average of $180.65 and a two-hundred day simple moving average of $174.77. DoorDash, Inc. has a fifty-two week low of $143.30 and a fifty-two week high of $285.50.

DoorDash (NASDAQ:DASH) last announced 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). The company had revenue of $4.45 billion for the quarter, compared to analysts’ expectations of $4.34 billion. DoorDash had a net margin of 5.29% and a return on equity of 8.48%. The business’s revenue was up 35.6% compared to the same quarter last year. During the same period in the previous year, the business earned $0.65 EPS. On average, analysts expect that DoorDash, Inc. will post 2.5 earnings per share for the current year.

Insider Activity

In related news, COO Prabir Adarkar sold 21,739 shares of the stock in a transaction that occurred on Tuesday, May 26th. The shares were sold at an average price of $155.25, for a total transaction of $3,374,979.75. Following the transaction, the chief operating officer owned 959,076 shares in the company, valued at $148,896,549. This represents a 2.22% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Ravi Inukonda sold 19,095 shares of the firm’s stock in a transaction that occurred on Wednesday, July 8th. The stock was sold at an average price of $188.04, for a total transaction of $3,590,623.80. Following the completion of the sale, the chief financial officer owned 252,443 shares in the company, valued at $47,469,381.72. This represents a 7.03% 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. Insiders sold 142,620 shares of company stock valued at $26,822,778 over the last three months. Corporate insiders own 5.28% of the company’s stock.

Analyst Ratings Changes

DASH has been the topic of several analyst reports. DA Davidson dropped their target price on shares of DoorDash from $224.00 to $200.00 and set a “neutral” rating on the stock in a research note on Thursday, May 7th. Susquehanna raised their price target on shares of DoorDash from $225.00 to $250.00 and gave the company a “positive” rating in a research report on Friday. The Goldman Sachs Group set a $280.00 price objective on shares of DoorDash in a report on Thursday, May 7th. Cantor Fitzgerald upped their price objective on DoorDash from $230.00 to $260.00 and gave the company an “overweight” rating in a research report on Thursday. Finally, UBS Group upped their price objective on DoorDash from $223.00 to $225.00 and gave the company a “neutral” rating in a research report on Thursday. Twenty-three research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $253.50.

Key DoorDash News

Here are the key news stories impacting DoorDash this week:

• Positive Sentiment: DoorDash’s second-quarter revenue increased 35.6% year over year to $4.45 billion, exceeding the $4.34 billion consensus estimate. Growth in orders, marketplaces, memberships and the Deliveroo acquisition supported the top-line beat. DoorDash Q2 Earnings Miss on Higher R&D Costs, Revenue Beat
• Positive Sentiment: Management issued stronger-than-expected third-quarter guidance, indicating that demand for food, grocery and convenience delivery remains resilient. The company also said improving growth and unit economics are helping fund investments in DashPass, merchant services, artificial intelligence and autonomous delivery. DoorDash Issues Strong Guidance as Delivery Demand Keeps Rising
• Positive Sentiment: DoorDash received FAA approval to operate commercial air-carrier services in Charlotte, clearing a regulatory hurdle for drone deliveries. The initiative could eventually improve delivery speed and economics, although its financial contribution is likely longer term. DoorDash Cleared for Takeoff with FAA Air Carrier Approval
• Positive Sentiment: Several analysts raised their price targets: Cantor Fitzgerald increased its target to $260 and maintained an overweight rating, while Needham reiterated a buy rating with a $265 target. Barclays also lifted its target to $230, though it retained an equal-weight rating. DoorDash Given New Price Target at Barclays
• Neutral Sentiment: DoorDash is positioning artificial intelligence as a growth and efficiency driver, but management said AI-generated traffic is still limited. Autonomous delivery robot deployment also faces practical challenges involving charging, loading and complex pickups. DoorDash Faces Challenges Scaling Its Dot Delivery Robot
• Negative Sentiment: Adjusted earnings of $0.46 per share fell short of expectations and declined from $0.65 a year earlier. Higher research-and-development spending is pressuring near-term profitability as DoorDash invests in technology and expansion. DoorDash Q2 Earnings Miss Estimates
• Negative Sentiment: Director Stanley Tang sold 67,693 shares worth approximately $13.6 million under a pre-arranged Rule 10b5-1 plan. While scheduled insider sales do not necessarily signal deteriorating fundamentals, the transaction reduced his position by roughly 63%. Stanley Tang Sells DoorDash Shares

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.