IFP Advisors Inc Has $4.95 Million Holdings in DoorDash, Inc. $DASH

IFP Advisors Inc lifted its holdings in shares of DoorDash, Inc. (NASDAQ:DASH) by 3,094.9% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 26,805 shares of the company’s stock after purchasing an additional 25,966 shares during the quarter. IFP Advisors Inc’s holdings in DoorDash were worth $4,946,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of DASH. Intech Investment Management LLC raised its holdings in shares of DoorDash by 707.8% during 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 period. Nomura Asset Management Co. Ltd. increased its holdings in DoorDash by 9.1% during the 4th quarter. Nomura Asset Management Co. Ltd. now owns 156,960 shares of the company’s stock worth $35,548,000 after purchasing an additional 13,121 shares in the last quarter. Allstate Corp raised its stake in shares of DoorDash by 116.7% in the 4th quarter. Allstate Corp now owns 29,227 shares of the company’s stock valued at $6,619,000 after purchasing an additional 15,741 shares during the period. Brighton Jones LLC raised its stake in shares of DoorDash by 24.0% in the 4th quarter. Brighton Jones LLC now owns 9,336 shares of the company’s stock valued at $1,566,000 after purchasing an additional 1,807 shares during the period. Finally, JCP Investment Management LLC bought a new stake in shares of DoorDash in the first quarter valued at about $991,000. Institutional investors own 90.64% of the company’s stock.

Insider Activity

In related news, CFO Ravi Inukonda sold 19,505 shares of the firm’s stock in a transaction dated Thursday, August 20th. The shares were sold at an average price of $220.62, for a total value of $4,303,193.10. Following the completion of the sale, the chief financial officer directly owned 232,938 shares in the company, valued at approximately $51,390,781.56. This trade represents a 7.73% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. 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 DoorDash stock in a transaction dated 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 transaction, the chief executive officer owned 1,500 shares of the company’s stock, valued at $345,000. The trade was a 95.17% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders sold 399,553 shares of company stock worth $87,034,140. Insiders own 44.90% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on DASH shares. Benchmark reduced their price objective on DoorDash from $285.00 to $270.00 and set a “buy” rating for the company in a research report on Monday, August 3rd. Guggenheim reiterated a “buy” rating and issued a $255.00 price objective on shares of DoorDash in a report on Tuesday, June 23rd. Truist Financial boosted their price objective on shares of DoorDash from $330.00 to $336.00 and gave the stock a “buy” rating in a research report on Thursday, August 6th. Needham & Company LLC restated a “buy” rating and set a $265.00 target price on shares of DoorDash in a report on Thursday, August 6th. Finally, Sanford C. Bernstein reaffirmed an “outperform” rating on shares of DoorDash in a research report on Thursday, September 3rd. One analyst has rated the stock with a Strong Buy rating, twenty-six have given a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $257.47.

Key Headlines Impacting DoorDash

Here are the key news stories impacting DoorDash this week:

• Positive Sentiment: Scotiabank began coverage of DoorDash with a “sector outperform” rating and a $275 price target, supporting the bullish case for continued growth in delivery, retail and local-commerce services. Scotiabank DoorDash coverage
• Positive Sentiment: Analyst sentiment remains favorable, with DoorDash receiving a consensus “Moderate Buy” rating and an average price target of approximately $256.97. Existing bullish views cite strong revenue growth, increasing DashPass adoption and margin expansion. DoorDash consensus analyst rating
• Positive Sentiment: DoorDash’s recent partnership and advertising activity, including expanded retail delivery efforts, could broaden the platform beyond restaurants and create additional order-frequency opportunities, though the near-term earnings impact is uncertain. Windsor DoorDash partnership
• Neutral Sentiment: The reported September short-interest data shows zero shares and a zero-day days-to-cover ratio, with an invalid percentage change. Because the figures appear unreliable, they provide no meaningful trading signal.
• Negative Sentiment: Director Andy Fang sold 15,000 shares for about $3.42 million under a pre-arranged Rule 10b5-1 plan. The planned nature of the transaction reduces its significance, but insider selling may weigh on sentiment while DoorDash trades at a high earnings multiple. DoorDash director stock sale

DoorDash Price Performance

NASDAQ:DASH opened at $201.03 on Friday. DoorDash, Inc. has a 1-year low of $143.30 and a 1-year high of $285.50. The company has a current ratio of 1.37, a quick ratio of 1.37 and a debt-to-equity ratio of 0.27. The firm has a fifty day simple moving average of $205.01 and a 200 day simple moving average of $179.54. The stock has a market capitalization of $87.11 billion, a PE ratio of 105.25 and a beta of 1.79.

DoorDash (NASDAQ:DASH) last issued its earnings results on Wednesday, August 5th. The company reported $0.46 earnings per share 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 firm had revenue of $4.45 billion for the quarter, compared to analyst estimates of $4.34 billion. During the same quarter in the previous year, the firm posted $0.65 earnings per share. DoorDash’s quarterly revenue was up 35.6% on a year-over-year basis. On average, research analysts expect that DoorDash, Inc. will post 2.49 EPS for the current fiscal year.

About DoorDash

DoorDash, Inc operates a local commerce platform that connects consumers with merchants and independent delivery workers. Its marketplace enables customers to order meals from restaurants as well as groceries, convenience items, alcohol where permitted, and products from other retail businesses through its websites and mobile applications.

The company also provides services designed to support merchants, including delivery logistics, online ordering, marketing, payment processing, and customer-engagement tools.