DoorDash, Inc. $DASH Stake Boosted by CENTRAL TRUST Co

CENTRAL TRUST Co increased its stake in DoorDash, Inc. (NASDAQ:DASH) by 5,234.4% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 23,098 shares of the company’s stock after buying an additional 22,665 shares during the period. CENTRAL TRUST Co’s holdings in DoorDash were worth $4,240,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of DASH. City State Bank boosted its position in DoorDash by 56.0% during the 3rd quarter. City State Bank now owns 156 shares of the company’s stock valued at $29,000 after acquiring an additional 56 shares in the last quarter. Washington Trust Advisors Inc. raised its position in shares of DoorDash by 81.0% in the 2nd quarter. Washington Trust Advisors Inc. now owns 143 shares of the company’s stock worth $26,000 after acquiring an additional 64 shares in the last quarter. Premier Path Wealth Partners LLC raised its position in shares of DoorDash by 2.7% in the 2nd quarter. Premier Path Wealth Partners LLC now owns 2,520 shares of the company’s stock worth $465,000 after acquiring an additional 67 shares in the last quarter. Fairscale Capital LLC lifted its stake in shares of DoorDash by 128.6% in the 3rd quarter. Fairscale Capital LLC now owns 144 shares of the company’s stock valued at $25,000 after purchasing an additional 81 shares during the period. Finally, Raleigh Capital Management Inc. lifted its stake in shares of DoorDash by 3.0% in the 3rd quarter. Raleigh Capital Management Inc. now owns 2,868 shares of the company’s stock valued at $526,000 after purchasing an additional 84 shares during the period. 90.64% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at DoorDash

In other DoorDash news, CFO Ravi Inukonda sold 19,505 shares of DoorDash stock in a transaction on Thursday, August 20th. The stock was sold at an average price of $220.62, for a total transaction of $4,303,193.10. Following the completion of the transaction, the chief financial officer owned 232,938 shares in the company, valued at approximately $51,390,781.56. The trade was a 7.73% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CEO Tony Xu sold 29,567 shares of the business’s stock in a transaction on Monday, August 24th. The stock was sold at an average price of $230.00, for a total value of $6,800,410.00. 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 95.17% 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. Insiders have sold 349,430 shares of company stock valued at $76,644,002 in the last ninety days. Corporate insiders own 44.90% of the company’s stock.

Top DoorDash Stories

These are some of the DASH stories that stood out recently:

• Neutral Sentiment: Reports say consumers are making little use of AI agents for services such as delivery. This suggests limited near-term disruption from AI-driven ordering, but does not indicate a direct change to DoorDash’s results. Article: AI agents and consumer use
• Negative Sentiment: Amazon is offering Prime members free Uber Eats delivery, intensifying competition for orders and customers. Coverage linked the deal to recent weakness in DoorDash shares. Article: DoorDash Sinks 10% in a Week as Amazon Gives Prime Members Free Uber Eats Delivery
• Negative Sentiment: A separate analysis argued DoorDash looks overvalued after a strong three-year run, raising concern that the stock’s valuation may leave less room for upside. Article: DoorDash Stock Looks Overvalued

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on DASH shares. Argus lifted their price target on DoorDash from $190.00 to $270.00 in a research report on Thursday, August 27th. Rosenblatt Securities decreased their price objective on DoorDash from $270.00 to $225.00 and set a “buy” rating for the company in a report on Friday, November 6th. Benchmark increased their price objective on DoorDash from $270.00 to $295.00 in a report on Thursday, August 6th. 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. Finally, Zacks Research upgraded shares of DoorDash from a “strong sell” rating to a “hold” rating in a report on Monday, August 17th. One equities research analyst has rated the stock with a Strong Buy rating, thirty-one have issued a Buy rating and ten have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $249.82.

DoorDash Price Performance

Shares of NASDAQ DASH opened at $172.58 on Friday. The company has a 50 day simple moving average of $189.17 and a two-hundred day simple moving average of $181.91. DoorDash, Inc. has a fifty-two week low of $143.30 and a fifty-two week high of $239.00. The company has a market capitalization of $75.24 billion, a price-to-earnings ratio of 71.31, a P/E/G ratio of 1.47 and a beta of 1.98. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.46 and a current ratio of 1.46.

DoorDash (NASDAQ:DASH) last issued its quarterly 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 firm had revenue of $4.62 billion for the quarter, compared to analysts’ expectations of $4.56 billion. DoorDash had a return on equity of 10.40% and a net margin of 6.23%. The business’s revenue for the quarter was up 34.0% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.55 EPS. Analysts expect that DoorDash, Inc. will post 2.69 EPS for the current fiscal year.

About DoorDash

DoorDash, Inc. operates a local commerce platform that connects consumers with restaurants and other merchants, as well as with independent delivery workers. Through its app and website, customers can order restaurant meals, groceries, convenience items and products from other local retailers for delivery or pickup. The company also provides services for merchants, including tools for online ordering, marketing and fulfillment. Its offerings include DoorDash Drive, which provides delivery logistics for merchants’ own orders, and DashPass, a subscription program for eligible orders.