Ascent Group LLC Buys 4,102 Shares of DoorDash, Inc. $DASH

Ascent Group LLC grew its stake in DoorDash, Inc. (NASDAQ:DASH) by 178.7% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,397 shares of the company’s stock after purchasing an additional 4,102 shares during the quarter. Ascent Group LLC’s holdings in DoorDash were worth $1,740,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. LVW Advisors LLC raised its holdings in DoorDash by 21.0% in the 3rd quarter. LVW Advisors LLC now owns 1,891 shares of the company’s stock valued at $514,000 after acquiring an additional 328 shares during the period. waypoint wealth counsel increased its stake in shares of DoorDash by 4.5% during the third quarter. waypoint wealth counsel now owns 2,191 shares of the company’s stock worth $596,000 after purchasing an additional 95 shares during the period. Fort Washington Investment Advisors Inc. OH lifted its holdings in DoorDash by 39.0% during the 3rd quarter. Fort Washington Investment Advisors Inc. OH now owns 33,583 shares of the company’s stock worth $9,134,000 after purchasing an additional 9,427 shares during the last quarter. Retireful LLC bought a new stake in DoorDash in the 3rd quarter valued at $344,000. Finally, Traveka Wealth LLC acquired a new position in DoorDash in the 3rd quarter valued at $207,000. Institutional investors own 90.64% of the company’s stock.

Insider Transactions at DoorDash

In other DoorDash news, COO Prabir Adarkar sold 30,000 shares of the business’s stock in a transaction dated Monday, December 22nd. The stock was sold at an average price of $234.57, for a total transaction of $7,037,100.00. Following the completion of the transaction, the chief operating officer owned 874,130 shares of the company’s stock, valued at approximately $205,044,674.10. The trade was a 3.32% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Alfred Lin purchased 389,047 shares of DoorDash stock in a transaction dated Tuesday, November 25th. The stock was bought at an average price of $193.81 per share, for a total transaction of $75,401,199.07. Following the completion of the purchase, the director owned 389,047 shares in the company, valued at $75,401,199.07. This represents a ∞ increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Over the last 90 days, insiders have sold 552,009 shares of company stock valued at $116,796,284. Company insiders own 5.83% of the company’s stock.

Analyst Ratings Changes

DASH has been the subject of a number of research reports. Guggenheim reissued a “buy” rating and set a $280.00 target price on shares of DoorDash in a report on Wednesday, November 19th. DA Davidson reissued a “neutral” rating and issued a $260.00 price objective on shares of DoorDash in a report on Thursday, November 6th. Benchmark lifted their price target on shares of DoorDash from $315.00 to $320.00 and gave the company a “buy” rating in a research report on Tuesday, November 4th. JPMorgan Chase & Co. cut their price target on DoorDash from $325.00 to $300.00 and set an “overweight” rating for the company in a research note on Thursday, November 6th. Finally, BTIG Research restated a “buy” rating and set a $315.00 price objective on shares of DoorDash in a research note on Thursday, November 6th. One analyst has rated the stock with a Strong Buy rating, twenty-six have issued a Buy rating and ten have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, DoorDash currently has an average rating of “Moderate Buy” and a consensus price target of $275.74.

DoorDash Stock Down 0.7%

Shares of DASH opened at $226.48 on Friday. The firm has a 50 day simple moving average of $221.93 and a two-hundred day simple moving average of $241.21. The company has a debt-to-equity ratio of 0.29, a current ratio of 2.04 and a quick ratio of 2.04. DoorDash, Inc. has a one year low of $155.40 and a one year high of $285.50. The company has a market cap of $97.61 billion, a P/E ratio of 114.96 and a beta of 1.70.

DoorDash (NASDAQ:DASH) last issued its quarterly earnings results on Wednesday, November 5th. The company reported $0.55 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.68 by ($0.13). DoorDash had a net margin of 6.83% and a return on equity of 9.97%. The business had revenue of $3.45 billion during the quarter, compared to the consensus estimate of $3.35 billion. During the same quarter in the previous year, the business posted $0.38 EPS. The company’s revenue for the quarter was up 27.3% on a year-over-year basis. Research analysts forecast that DoorDash, Inc. will post 2.22 EPS for the current fiscal year.

DoorDash News Summary

Here are the key news stories impacting DoorDash this week:

• Positive Sentiment: Wedbush raised its price target on DoorDash to $270 and kept an Outperform rating, signaling continued analyst confidence in the company’s growth trajectory. Wedbush Lifts PT on DoorDash (DASH) Stock
• Positive Sentiment: Reports that institutional/insider buyers have recently placed significant bets on DASH suggest smart-money interest that can support the share price over time. Insider Buying: Smart Money Just Spent +$100M on These 3 Stocks
• Neutral Sentiment: Coverage highlights an “unexpected wave” of new users fueling growth, but raises questions about whether paid delivery is sustainable for consumers’ wallets — a mixed read for long-term margins and retention. An unexpected wave of users is fueling DoorDash’s growth, but does paying for food delivery actually make sense for consumers’ wallets?
• Neutral Sentiment: Analysis arguing DoorDash is executing well but that the market has largely priced in expectations suggests limited near-term upside despite operational progress. DoorDash Is Executing Well, But The Market Already Knows It
• Negative Sentiment: Multiple recent local reports describe aggressive incidents involving DoorDash drivers, including a violent road‑rage/punching case and an elderly man hospitalized after confrontations in Wixom/Oakland County — raising reputational, legal and potential regulatory concerns. Man in critical condition after being punched by DoorDash driver: cops DoorDash driver charged with assault in road rage incident in Wixom Elderly man hospitalized after confrontation with Oakland County DoorDash driver
• Negative Sentiment: Separate reports of a driver scamming a customer and a widely shared video of a racial confrontation involving a DoorDash driver amplify reputational risk and could prompt increased scrutiny of driver vetting and platform enforcement. DoorDash driver caught doing the unthinkable to scam customer Black DoorDash driver defends himself against alleged racial slur

About DoorDash

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.