Capital Advisors Inc. OK Sells 38,874 Shares of DoorDash, Inc. $DASH

Capital Advisors Inc. OK lowered its position in DoorDash, Inc. (NASDAQ:DASH) by 16.2% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 201,067 shares of the company’s stock after selling 38,874 shares during the quarter. Capital Advisors Inc. OK’s holdings in DoorDash were worth $54,688,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also added to or reduced their stakes in the company. Greenland Capital Management LP lifted its holdings in DoorDash by 637.5% during the 2nd quarter. Greenland Capital Management LP now owns 23,572 shares of the company’s stock worth $5,811,000 after buying an additional 20,376 shares during the period. Geode Capital Management LLC raised its position in shares of DoorDash by 2.9% during the second quarter. Geode Capital Management LLC now owns 7,951,230 shares of the company’s stock worth $1,950,711,000 after acquiring an additional 223,188 shares during the last quarter. Ascent Group LLC acquired a new position in shares of DoorDash in the first quarter worth approximately $317,000. Williamson Legacy Group LLC bought a new stake in DoorDash in the second quarter valued at approximately $1,264,000. Finally, Brighton Jones LLC boosted its holdings in DoorDash by 24.0% in the fourth quarter. Brighton Jones LLC now owns 9,336 shares of the company’s stock valued at $1,566,000 after acquiring an additional 1,807 shares during the last quarter. Institutional investors own 90.64% of the company’s stock.

Insider Activity at DoorDash

In related news, Director Andy Fang sold 25,000 shares of the company’s stock in a transaction dated Monday, December 1st. The shares were sold at an average price of $204.95, for a total value of $5,123,750.00. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CFO Ravi Inukonda sold 1,425 shares of the firm’s stock in a transaction dated Friday, December 19th. The shares were sold at an average price of $231.97, for a total transaction of $330,557.25. Following the completion of the transaction, the chief financial officer directly owned 184,037 shares in the company, valued at approximately $42,691,062.89. The trade was a 0.77% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 552,009 shares of company stock valued at $116,796,284 over the last quarter. 5.83% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several research analysts have issued reports on the stock. Truist Financial raised their price target on shares of DoorDash from $326.00 to $340.00 and gave the stock a “buy” rating in a report on Thursday, October 23rd. Wells Fargo & Company decreased their price objective on shares of DoorDash from $301.00 to $239.00 and set an “equal weight” rating for the company in a research report on Thursday, November 6th. Benchmark boosted their target price on shares of DoorDash from $315.00 to $320.00 and gave the company a “buy” rating in a report on Tuesday, November 4th. Barclays dropped their price objective on DoorDash from $272.00 to $238.00 and set an “equal weight” rating on the stock in a research note on Thursday, November 6th. Finally, Susquehanna cut their target price on DoorDash from $300.00 to $250.00 and set a “positive” rating on the stock in a research report on Friday, November 7th. One research analyst has rated the stock with a Strong Buy rating, twenty-five have given a Buy rating and ten have given a Hold rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $277.38.

Key DoorDash News

Here are the key news stories impacting DoorDash this week:

• Positive Sentiment: Brokerages issued a consensus rating of “Moderate Buy,” which supports investor confidence in DoorDash’s growth outlook and may limit downside from the negative headlines. DoorDash Receives Consensus Rating of Moderate Buy
• Positive Sentiment: DoorDash says it has banned a driver over an alleged AI delivery scam, signaling stronger fraud enforcement and a “zero tolerance” stance that could reassure merchants and customers. DoorDash bans driver over alleged AI delivery scam
• Neutral Sentiment: Reports that some customers are using AI to alter photos of takeout orders for refunds highlight a growing operational and fraud risk across the delivery industry; this is a developing issue that could pressure costs if it becomes widespread. Sneaky customers using AI to alter pictures of takeout orders
• Negative Sentiment: Multiple local outlets report a serious assault allegedly involving a DoorDash driver in Wixom, Mich.; a 75-year-old man is in critical/coma condition and a driver has been charged. These safety and liability stories raise regulatory, legal and reputational risk for DoorDash. DoorDash driver accused of assaulting 75-year-old Wixom man
• Negative Sentiment: Additional outlets (Yahoo, ClickOnDetroit, MSN) amplify the assault coverage—emphasis on an elderly victim and the driver’s misdemeanor/assault charges—which can amplify reputational damage and prompt closer scrutiny from regulators and partners. Elderly man in coma after alleged attack during DoorDash

DoorDash Price Performance

Shares of NASDAQ:DASH opened at $219.79 on Friday. DoorDash, Inc. has a twelve month low of $155.40 and a twelve month high of $285.50. The stock’s 50 day moving average is $221.16 and its 200-day moving average is $241.35. The company has a quick ratio of 2.04, a current ratio of 2.04 and a debt-to-equity ratio of 0.29. The firm has a market capitalization of $94.73 billion, a price-to-earnings ratio of 111.57 and a beta of 1.70.

DoorDash (NASDAQ:DASH) last posted 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 analyst estimates of $3.35 billion. During the same period in the previous year, the business posted $0.38 EPS. The business’s revenue for the quarter was up 27.3% compared to the same quarter last year. Sell-side analysts forecast that DoorDash, Inc. will post 2.22 EPS 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.