Generali Asset Management SPA SGR Sells 9,329 Shares of DoorDash, Inc. $DASH

Generali Asset Management SPA SGR cut its stake in shares of DoorDash, Inc. (NASDAQ:DASH) by 50.4% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 9,165 shares of the company’s stock after selling 9,329 shares during the quarter. Generali Asset Management SPA SGR’s holdings in DoorDash were worth $2,493,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in DASH. Greenland Capital Management LP lifted its position in shares of DoorDash by 637.5% in the 2nd quarter. Greenland Capital Management LP now owns 23,572 shares of the company’s stock worth $5,811,000 after purchasing an additional 20,376 shares during the period. Geode Capital Management LLC lifted its holdings in DoorDash by 2.9% in the second quarter. Geode Capital Management LLC now owns 7,951,230 shares of the company’s stock valued at $1,950,711,000 after buying an additional 223,188 shares during the period. Ascent Group LLC acquired a new position in DoorDash in the first quarter valued at $317,000. Williamson Legacy Group LLC bought a new stake in DoorDash during the second quarter valued at $1,264,000. Finally, Brighton Jones LLC grew its holdings in DoorDash by 24.0% during the 4th quarter. Brighton Jones LLC now owns 9,336 shares of the company’s stock worth $1,566,000 after acquiring an additional 1,807 shares during the period. Institutional investors and hedge funds own 90.64% of the company’s stock.

Trending Headlines about DoorDash

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

Wall Street Analysts Forecast Growth

DASH has been the topic of a number of recent analyst reports. Stifel Nicolaus dropped their price objective on DoorDash from $255.00 to $253.00 and set a “hold” rating on the stock in a research note on Thursday, November 6th. Oppenheimer reiterated an “outperform” rating and issued a $280.00 target price on shares of DoorDash in a report on Thursday, November 6th. KeyCorp restated an “overweight” rating and set a $280.00 price target on shares of DoorDash in a report on Friday, November 21st. Morgan Stanley raised their price objective on shares of DoorDash from $300.00 to $330.00 and gave the stock an “overweight” rating in a research report on Monday, October 20th. Finally, Cantor Fitzgerald dropped their target price on shares of DoorDash from $330.00 to $270.00 and set an “overweight” rating on the stock in a research report on Thursday, November 6th. One research analyst has rated the stock with a Strong Buy rating, twenty-five have given a Buy rating and ten have issued a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $277.38.

DoorDash Stock Performance

NASDAQ DASH opened at $219.79 on Friday. The company has a market cap of $94.73 billion, a P/E ratio of 111.57 and a beta of 1.70. The company has a fifty day simple moving average of $221.16 and a 200 day simple moving average of $241.35. The company has a current ratio of 2.04, a quick ratio of 2.04 and a debt-to-equity ratio of 0.29. DoorDash, Inc. has a 12-month low of $155.40 and a 12-month high of $285.50.

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

Insiders Place Their Bets

In other DoorDash news, COO Prabir Adarkar sold 30,000 shares of the business’s stock in a transaction that occurred on 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 sale, the chief operating officer directly 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 position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Alfred Lin acquired 389,047 shares of the stock in a transaction dated Tuesday, November 25th. The stock was bought at an average cost of $193.81 per share, with a total value of $75,401,199.07. Following the completion of the purchase, the director owned 389,047 shares of the company’s stock, valued at approximately $75,401,199.07. The trade was a ∞ increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders have sold 552,009 shares of company stock worth $116,796,284 in the last 90 days. Company insiders own 5.83% of the company’s stock.

DoorDash Company 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.