Public Employees Retirement System of Ohio Takes $25.77 Million Position in DoorDash, Inc. $DASH

Public Employees Retirement System of Ohio bought a new stake in DoorDash, Inc. (NASDAQ:DASH) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 139,665 shares of the company’s stock, valued at approximately $25,772,000.

A number of other large investors have also recently made changes to their positions in DASH. SC US Ttgp LTD. increased its position in DoorDash by 1.6% during 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 period. Morgan Stanley lifted its stake in DoorDash by 2.3% in the fourth quarter. Morgan Stanley now owns 17,536,824 shares of the company’s stock valued at $3,971,741,000 after buying an additional 391,596 shares during the last quarter. State Street Corp boosted its holdings in shares of DoorDash by 3.0% in the fourth quarter. State Street Corp now owns 15,761,072 shares of the company’s stock valued at $3,569,568,000 after acquiring an additional 464,448 shares during the period. Price T Rowe Associates Inc. MD boosted its holdings in shares of DoorDash by 32.8% in 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 acquiring an additional 3,447,754 shares during the period. Finally, Geode Capital Management LLC grew its position in shares of DoorDash by 2.9% during the fourth quarter. Geode Capital Management LLC now owns 8,867,615 shares of the company’s stock worth $2,000,371,000 after acquiring an additional 252,471 shares during the last quarter. 90.64% of the stock is owned by institutional investors and hedge funds.

More DoorDash News

Here are the key news stories impacting DoorDash this week:

• Positive Sentiment: DoorDash said workplace meal expectations are rising, suggesting potential growth in business and group-order demand. The survey is supportive of engagement but does not provide specific revenue or earnings guidance. Workplace meal expectations are rising
• Positive Sentiment: The company recently added Kohl’s, Barnes & Noble and Carter’s to its retail marketplace, expanding access to about 500,000 products ahead of back-to-school season. The move supports DoorDash’s diversification beyond restaurants and could increase order frequency and marketplace volume. DoorDash expands back-to-school delivery
• Neutral Sentiment: DoorDash’s seasonal data showed pecan orders increased 28% as restaurants introduced fall menus earlier. The report highlights consumer activity and marketing reach, but is not material financial guidance. DoorDash fall flavor data
• Negative Sentiment: COO Prabir Adarkar sold 55,289 shares worth approximately $12.8 million, following additional executive stock sales by the general counsel and other insiders. The transactions were conducted under pre-arranged Rule 10b5-1 plans, reducing their significance as a bearish signal, but the volume may nevertheless weigh on investor sentiment. DoorDash insider stock sales
• Negative Sentiment: A Texas man sued DoorDash over a crash that he says caused a traumatic brain injury. The allegations create potential legal costs and reputational risk, although the report does not establish liability or quantify financial exposure. Texas man sues DoorDash after crash
• Negative Sentiment: Separate reports involving a DoorDash driver delivering food unclothed and a driver’s death in a vehicle-dragging incident could harm brand perception and raise questions about platform safety and contractor oversight. These appear isolated and their direct financial impact is unclear. Naked DoorDash driver incident

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the stock. The Goldman Sachs Group set a $280.00 target price on shares of DoorDash in a report on Thursday, May 7th. Piper Sandler reissued a “neutral” rating and set a $220.00 price objective (up from $205.00) on shares of DoorDash in a research report on Thursday, August 6th. Citigroup restated a “market outperform” rating on shares of DoorDash in a research note on Monday. Zacks Research raised shares of DoorDash from a “strong sell” rating to a “hold” rating in a report on Monday, August 17th. Finally, Wedbush raised their price target on DoorDash from $205.00 to $220.00 and gave the stock a “neutral” rating in a report on Thursday, August 20th. Twenty-three equities research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, DoorDash presently has an average rating of “Moderate Buy” and a consensus price target of $254.53.

DoorDash Trading Up 2.1%

Shares of DoorDash stock opened at $236.74 on Friday. DoorDash, Inc. has a 12-month low of $143.30 and a 12-month high of $285.50. The stock has a market cap of $102.58 billion, a PE ratio of 123.95 and a beta of 1.78. The company has a 50-day moving average of $199.10 and a two-hundred day moving average of $176.81. The company has a current ratio of 1.37, a quick ratio of 1.37 and a debt-to-equity ratio of 0.27.

DoorDash (NASDAQ:DASH) last issued its quarterly earnings data on Wednesday, August 5th. The company reported $0.46 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.47 by ($0.01). The firm had revenue of $4.45 billion for the quarter, compared to analyst estimates of $4.34 billion. DoorDash had a return on equity of 8.48% and a net margin of 5.29%.The business’s revenue for the quarter was up 35.6% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.65 earnings per share. On average, research analysts anticipate that DoorDash, Inc. will post 2.45 EPS for the current fiscal year.

Insiders Place Their Bets

In other DoorDash news, COO Prabir Adarkar sold 55,289 shares of the firm’s stock in a transaction dated Tuesday, August 25th. The shares were sold at an average price of $231.76, for a total transaction of $12,813,778.64. Following the completion of the transaction, the chief operating officer directly owned 930,211 shares in the company, valued at approximately $215,585,701.36. This trade represents a 5.61% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Tony Xu sold 3,767 shares of the company’s stock in a transaction dated Tuesday, August 25th. The shares were sold at an average price of $230.00, for a total transaction of $866,410.00. Following the completion of the sale, the chief executive officer directly owned 1,500 shares in the company, valued at $345,000. This trade represents a 71.52% 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 ninety days, insiders sold 337,674 shares of company stock worth $72,974,540. 5.28% of the stock is owned by company insiders.

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.