DoorDash, Inc. $DASH Shares Purchased by Income Insurance Ltd

Income Insurance Ltd raised its holdings in DoorDash, Inc. (NASDAQ:DASH) by 384.2% in the 3rd quarter, Holdings Channel reports. The institutional investor owned 5,544 shares of the company’s stock after acquiring an additional 4,399 shares during the period. Income Insurance Ltd’s holdings in DoorDash were worth $1,018,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Robeco Institutional Asset Management B.V. lifted its holdings in shares of DoorDash by 2,304.0% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 3,452,110 shares of the company’s stock worth $633,635,000 after acquiring an additional 3,308,512 shares during the period. Assenagon Asset Management S.A. boosted its position in shares of DoorDash by 372.0% in the third quarter. Assenagon Asset Management S.A. now owns 3,137,719 shares of the company’s stock worth $575,928,000 after acquiring an additional 2,472,980 shares during the last quarter. Janus Henderson Group PLC boosted its position in shares of DoorDash by 40.2% in the first quarter. Janus Henderson Group PLC now owns 7,762,553 shares of the company’s stock worth $1,159,377,000 after acquiring an additional 2,225,954 shares during the last quarter. Vontobel Holding Ltd. boosted its position in shares of DoorDash by 15,993.1% in the third quarter. Vontobel Holding Ltd. now owns 1,216,478 shares of the company’s stock worth $223,285,000 after acquiring an additional 1,208,919 shares during the last quarter. Finally, Temasek Holdings Private Ltd grew its holdings in DoorDash by 49.4% in the first quarter. Temasek Holdings Private Ltd now owns 3,461,501 shares of the company’s stock valued at $519,744,000 after purchasing an additional 1,145,078 shares during the period. Institutional investors and hedge funds own 90.64% of the company’s stock.

DoorDash News Summary

Here are the key news stories impacting DoorDash this week:

• Positive Sentiment: BTIG reaffirmed its “Buy” rating and set a $225 price target, implying substantial upside from the reference price. The call may support investor confidence despite DoorDash’s premium valuation and recent earnings-per-share shortfall. Source: Benzinga.
• Positive Sentiment: DoorDash highlighted leading pizzerias in Chicago, New York, New Jersey and other markets through its national Top Pizza Spots list. The promotion reinforces consumer engagement, restaurant relationships and DoorDash’s brand visibility. Chicago pizzerias named to DoorDash Top Pizza Spots list
• Neutral Sentiment: Articles described customers trying restaurants and menu items available through DoorDash. These stories provide consumer exposure but are unlikely to materially affect revenue or valuation. New York pizzerias on DoorDash list
• Negative Sentiment: Grubhub’s co-founder has returned to compete with DoorDash, while a separate emerging delivery rival is promoting a model designed to eliminate customer fees. Increased price competition could pressure DoorDash’s take rates, promotions and customer retention. Grubhub co-founder challenges DoorDash
• Negative Sentiment: Several reports involved violent attacks on people making DoorDash deliveries, including the death of a driver and the shooting of a teenage relative. Although the incidents were not presented as corporate misconduct, they could renew concerns about courier safety, insurance costs and reputational risk. Reports of violence during DoorDash deliveries
• Negative Sentiment: A separate report said two children were left at a customer’s home instead of a food delivery, adding to unfavorable coverage around delivery-process controls. The direct financial impact appears limited, but repeated incidents may affect trust. Children reportedly left at DoorDash customer’s home

Insider Transactions at DoorDash

In other DoorDash news, Director Stanley Tang sold 72,367 shares of DoorDash stock in a transaction that occurred on Friday, August 21st. The shares were sold at an average price of $225.16, for a total transaction of $16,294,153.72. Following the transaction, the director directly owned 10,361 shares of the company’s stock, valued at $2,332,882.76. The trade was a 87.48% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 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 that occurred on Monday, August 24th. The shares were sold at an average price of $230.00, for a total transaction of $6,800,410.00. Following the transaction, the chief executive officer directly owned 1,500 shares in the company, valued at approximately $345,000. This trade represents a 95.17% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 393,998 shares of company stock valued at $85,861,330 in the last three months. 44.90% of the stock is owned by company insiders.

DoorDash Stock Performance

Shares of NASDAQ:DASH opened at $184.45 on Thursday. The firm has a market capitalization of $79.92 billion, a PE ratio of 96.57 and a beta of 1.90. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.37 and a quick ratio of 1.37. The business has a 50-day moving average of $203.54 and a two-hundred day moving average of $184.98. DoorDash, Inc. has a 12 month low of $143.30 and a 12 month high of $269.00.

DoorDash (NASDAQ:DASH) last released 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). The firm had revenue of $4.45 billion during the quarter, compared to analysts’ expectations 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 quarter last year, the business earned $0.65 earnings per share. As a group, research analysts forecast that DoorDash, Inc. will post 2.51 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on the stock. Scotiabank assumed coverage on shares of DoorDash in a report on Wednesday, September 9th. They issued a “sector outperform” rating and a $275.00 target price for the company. Rosenblatt Securities assumed coverage on shares of DoorDash in a research note on Tuesday, September 1st. They set a “buy” rating and a $270.00 price target on the stock. Weiss Ratings reaffirmed a “hold (c)” rating on shares of DoorDash in a research note on Friday, August 7th. Barclays lowered shares of DoorDash from an “equal weight” rating to a “strong sell” rating in a report on Monday, August 24th. Finally, TD Cowen lifted their price target on shares of DoorDash from $225.00 to $240.00 and gave the company a “buy” rating in a report on Thursday, August 6th. Two research analysts have rated the stock with a Strong Buy rating, thirty-one have given a Buy rating, eight have assigned a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, DoorDash presently has a consensus rating of “Moderate Buy” and an average target price of $254.95.

DoorDash Company Profile

DoorDash, Inc (NASDAQ:DASH) operates a local commerce platform that connects consumers with restaurants, grocery stores, convenience retailers and other merchants. Through its website and mobile applications, customers can browse products, place orders for delivery or pickup, and access related services.

The company provides merchants with ordering, delivery, logistics, marketing and payment tools. Its offerings include the DoorDash Marketplace, subscription programs such as DashPass, and delivery infrastructure that merchants can use through services including DoorDash Drive.