DoorDash, Inc. $DASH Shares Purchased by Amalgamated Bank

Amalgamated Bank raised its stake in DoorDash, Inc. (NASDAQ:DASH) by 6.6% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 81,799 shares of the company’s stock after acquiring an additional 5,076 shares during the quarter. Amalgamated Bank’s holdings in DoorDash were worth $22,249,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in the stock. Norges Bank acquired a new position in DoorDash in the 2nd quarter valued at about $1,185,576,000. Vanguard Group Inc. lifted its stake in shares of DoorDash by 4.6% during the second quarter. Vanguard Group Inc. now owns 41,190,085 shares of the company’s stock valued at $10,153,768,000 after buying an additional 1,792,799 shares during the period. Scge Management L.P. purchased a new stake in DoorDash in the 2nd quarter worth approximately $267,463,000. Ninety One UK Ltd acquired a new stake in shares of DoorDash during the third quarter worth $259,154,000. Finally, AQR Capital Management LLC boosted its holdings in shares of DoorDash by 43.5% during the second quarter. AQR Capital Management LLC now owns 2,633,971 shares of the company’s stock worth $643,084,000 after purchasing an additional 797,849 shares during the last quarter. Institutional investors and hedge funds own 90.64% of the company’s stock.

Insider Activity

In other news, Director Stanley Tang sold 45,410 shares of DoorDash stock in a transaction dated Monday, December 1st. The shares were sold at an average price of $205.07, for a total value of $9,312,228.70. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, COO Prabir Adarkar sold 30,000 shares of the 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 sale, the chief operating officer owned 874,130 shares in the company, valued at approximately $205,044,674.10. This trade represents a 3.32% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 619,310 shares of company stock valued at $130,529,968 over the last three months. 5.83% of the stock is currently owned by company insiders.

DoorDash Price Performance

Shares of DASH stock opened at $205.32 on Friday. The firm has a fifty day moving average of $216.50 and a two-hundred day moving average of $240.37. The firm has a market cap of $88.49 billion, a P/E ratio of 104.22 and a beta of 1.70. DoorDash, Inc. has a 1-year low of $155.40 and a 1-year high of $285.50. 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 (NASDAQ:DASH) last posted its quarterly earnings results on Wednesday, November 5th. The company reported $0.55 EPS for the quarter, missing analysts’ consensus estimates of $0.68 by ($0.13). The firm had revenue of $3.45 billion during 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 firm’s revenue for the quarter was up 27.3% on a year-over-year basis. During the same quarter last year, the business posted $0.38 earnings per share. As a group, research analysts anticipate that DoorDash, Inc. will post 2.22 earnings per share for the current fiscal year.

Key DoorDash News

Here are the key news stories impacting DoorDash this week:

• Positive Sentiment: BNP Paribas upgraded DoorDash to “strong-buy,” signaling institutional optimism about the shares and potentially supporting demand. Read More.
• Positive Sentiment: BNP Paribas Exane initiated coverage of DASH, which can increase analyst attention and liquidity for the stock. Read More.
• Neutral Sentiment: DoorDash published data on big-game food trends, highlighting platform engagement and marketing/consumer demand insights that support revenue visibility around events. Read More.
• Neutral Sentiment: A viral local news story showed police delivering a pizza after a DoorDash driver was arrested; reputationally noteworthy but unlikely to move fundamentals. Read More.
• Negative Sentiment: DoorDash’s Chief Revenue Officer Lee Brown departed after about five months — a sign of executive turnover in a revenue-facing role that can spook investors concerned about sales execution. Read More.
• Negative Sentiment: Insiders sold shares: CFO Ravi Inukonda sold 1,017 shares (SEC Form 4 filing) and a Director sold about $277,900 of stock — modest but visible insider selling that can be read negatively by the market. Read More. Read More.
• Negative Sentiment: New reports and a city lawsuit allege DoorDash and competitors shortchanged delivery workers of roughly $550M in tips — a regulatory/legal risk that could lead to fines, settlements or changes to the business model. Read More.

Wall Street Analysts Forecast Growth

DASH has been the topic of a number of research analyst reports. DA Davidson reissued a “neutral” rating and issued a $260.00 price target on shares of DoorDash in a research note on Thursday, November 6th. Wells Fargo & Company boosted their target price on shares of DoorDash from $239.00 to $251.00 and gave the company an “equal weight” rating in a report on Thursday, January 8th. Wolfe Research set a $270.00 price target on shares of DoorDash in a research note on Monday, January 5th. Guggenheim reiterated a “buy” rating and issued a $280.00 price target on shares of DoorDash in a report on Wednesday, November 19th. Finally, BNP Paribas Exane started coverage on DoorDash in a report on Wednesday. They set an “outperform” rating and a $280.00 price objective for the company. Two analysts have rated the stock with a Strong Buy rating, twenty-six have assigned a Buy rating, nine have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, DoorDash has a consensus rating of “Moderate Buy” and a consensus price target of $278.05.

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.