Handelsbanken Fonder AB Acquires 54,041 Shares of DoorDash, Inc. $DASH

Handelsbanken Fonder AB increased its stake in DoorDash, Inc. (NASDAQ:DASH) by 34.6% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 210,142 shares of the company’s stock after acquiring an additional 54,041 shares during the quarter. Handelsbanken Fonder AB’s holdings in DoorDash were worth $38,778,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of DASH. Vanguard Group Inc. increased its stake in DoorDash by 1.7% in the fourth quarter. Vanguard Group Inc. now owns 43,426,479 shares of the company’s stock valued at $9,835,229,000 after purchasing an additional 713,571 shares in the last quarter. SC US Ttgp LTD. boosted its position in shares of DoorDash by 1.6% during the 4th quarter. SC US Ttgp LTD. now owns 31,686,624 shares of the company’s stock worth $7,176,387,000 after purchasing an additional 506,358 shares in the last quarter. Morgan Stanley grew its stake in shares of DoorDash by 2.3% in the 4th 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 period. State Street Corp grew its stake in shares of DoorDash by 3.0% in the 4th quarter. State Street Corp now owns 15,761,072 shares of the company’s stock valued at $3,569,568,000 after buying an additional 464,448 shares during the period. Finally, Price T Rowe Associates Inc. MD increased its position in DoorDash by 32.8% in the 4th 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 buying an additional 3,447,754 shares in the last quarter. Institutional investors and hedge funds own 90.64% of the company’s stock.

Insiders Place Their Bets

In other DoorDash news, COO Prabir Adarkar sold 21,739 shares of the firm’s stock in a transaction on Tuesday, May 26th. The stock was sold at an average price of $155.25, for a total transaction of $3,374,979.75. Following the transaction, the chief operating officer directly owned 959,076 shares in the company, valued at approximately $148,896,549. This trade represents a 2.22% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Shona L. Brown sold 582 shares of the company’s stock in a transaction on Friday, June 26th. The stock was sold at an average price of $177.06, for a total transaction of $103,048.92. Following the completion of the sale, the director owned 31,156 shares of the company’s stock, valued at approximately $5,516,481.36. The trade was a 1.83% 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 a total of 142,620 shares of company stock worth $26,822,778 in the last three months. 5.28% of the stock is owned by corporate insiders.

DoorDash News Roundup

Here are the key news stories impacting DoorDash this week:

• Positive Sentiment: DoorDash plans to reincorporate in Nevada, citing a more predictable, statute-based legal environment. The move could improve legal and governance certainty, although it does not directly change the company’s operating outlook. DoorDash Nevada reincorporation article
• Positive Sentiment: Unusually strong options activity provided a bullish trading signal, with 24,870 call options purchased—more than double the reported average daily volume. Options activity can reflect expectations for further upside, though it is speculative and does not guarantee buying in the stock.
• Positive Sentiment: A technical-analysis report highlighted DoorDash’s roughly 36% year-over-year quarterly revenue growth to $4.45 billion, revenue above expectations, bullish price momentum and institutional accumulation. These factors reinforce the market’s preference for the company’s growth story. DoorDash technical analysis article
• Positive Sentiment: DoorDash is expanding beyond restaurant delivery by offering original-equipment vehicle parts through its platform. The initiative could broaden its addressable market and create additional delivery volume, although its financial contribution is not yet clear. DoorDash vehicle parts delivery article
• Neutral Sentiment: Reported short-interest data showed zero shares and a zero-day short-interest ratio, but the figures appear inconsistent and include an invalid percentage comparison, making them unreliable as a trading signal.
• Negative Sentiment: Recent commentary points to DoorDash sustaining strong growth while costs are also rising. That could pressure margins and earnings, particularly given the stock’s elevated valuation. DoorDash growth and costs article
• Negative Sentiment: Several reports involving driver conduct, delivery delays and customer-service disputes create reputational and operational risks, but they appear isolated and are unlikely to materially affect DASH shares without broader evidence of systemic problems.

Wall Street Analyst Weigh In

Several brokerages have issued reports on DASH. Moffett Nathanson set a $276.00 price target on DoorDash in a report on Wednesday, April 15th. TD Cowen boosted their price objective on DoorDash from $225.00 to $240.00 and gave the company a “buy” rating in a report on Thursday, August 6th. Jefferies Financial Group upped their target price on DoorDash from $220.00 to $225.00 and gave the stock a “buy” rating in a research report on Tuesday, July 14th. BTIG Research reiterated a “buy” rating and issued a $225.00 target price on shares of DoorDash in a report on Thursday, August 6th. Finally, Cantor Fitzgerald lifted their price target on shares of DoorDash from $230.00 to $260.00 and gave the company an “overweight” rating in a research report on Thursday, August 6th. Twenty-three equities research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $254.09.

DoorDash Price Performance

Shares of NASDAQ DASH opened at $212.00 on Wednesday. The stock has a market cap of $92.37 billion, a price-to-earnings ratio of 110.99 and a beta of 1.78. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.37 and a current ratio of 1.37. DoorDash, Inc. has a fifty-two week low of $143.30 and a fifty-two week high of $285.50. The firm’s 50-day simple moving average is $182.65 and its 200 day simple moving average is $174.63.

DoorDash (NASDAQ:DASH) last issued its quarterly earnings data on Wednesday, August 5th. The company reported $0.46 EPS for the quarter, missing analysts’ consensus estimates of $0.47 by ($0.01). DoorDash had a return on equity of 8.48% and a net margin of 5.29%.The company had revenue of $4.45 billion for the quarter, compared to the consensus estimate of $4.34 billion. During the same period in the prior year, the firm posted $0.65 earnings per share. The business’s revenue for the quarter was up 35.6% on a year-over-year basis. As a group, research analysts anticipate that DoorDash, Inc. will post 2.5 earnings per share for the current fiscal year.

DoorDash 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.