Ameriprise Financial Inc. Purchases 28,306 Shares of DoorDash, Inc. $DASH

Ameriprise Financial Inc. grew its position in DoorDash, Inc. (NASDAQ:DASH) by 3.2% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 900,268 shares of the company’s stock after acquiring an additional 28,306 shares during the quarter. Ameriprise Financial Inc. owned 0.21% of DoorDash worth $244,858,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. American Century Companies Inc. increased its position in DoorDash by 5.0% during the third quarter. American Century Companies Inc. now owns 485,088 shares of the company’s stock valued at $131,941,000 after acquiring an additional 22,944 shares during the last quarter. Greenland Capital Management LP lifted its holdings 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 acquiring an additional 20,376 shares during the last quarter. Caprock Group LLC purchased a new position in shares of DoorDash during the 3rd quarter worth about $3,169,000. Mitsubishi UFJ Asset Management Co. Ltd. boosted its stake in shares of DoorDash by 7.1% during the 3rd quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 806,191 shares of the company’s stock worth $219,276,000 after purchasing an additional 53,722 shares during the period. Finally, Williamson Legacy Group LLC bought a new position in DoorDash during the 2nd quarter valued at about $1,264,000. 90.64% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the stock. Wells Fargo & Company decreased their price objective on shares of DoorDash from $251.00 to $221.00 and set an “equal weight” rating for the company in a research note on Thursday, February 19th. Sanford C. Bernstein cut their target price on DoorDash from $285.00 to $270.00 and set an “outperform” rating on the stock in a research note on Thursday, February 19th. KeyCorp raised their price target on DoorDash from $275.00 to $280.00 and gave the stock an “overweight” rating in a research note on Thursday, February 19th. Benchmark boosted their price objective on DoorDash from $280.00 to $285.00 and gave the company a “buy” rating in a report on Thursday, February 19th. Finally, Evercore set a $300.00 price objective on DoorDash in a research report on Thursday, February 19th. One research analyst has rated the stock with a Strong Buy rating, twenty-six have assigned a Buy rating and nine have assigned a Hold rating to the company. According to data from MarketBeat.com, DoorDash has a consensus rating of “Moderate Buy” and a consensus target price of $262.82.

Key Headlines Impacting DoorDash

Here are the key news stories impacting DoorDash this week:

• Positive Sentiment: Pilot for delivery robots in Fremont signals DoorDash is advancing automation efforts that could lower last‑mile costs and improve long‑term margins. DoorDash robots headed for Fremont streets
• Positive Sentiment: Widespread media coverage of nearly $1M raised for a 78‑year‑old Dash driver has generated positive PR and community goodwill around the platform and driver network. Nearly $1 million raised for 78‑year‑old DoorDash driver
• Neutral Sentiment: DoorDash’s own Easter ordering data provides seasonal demand insight and marketing leverage — useful for topline growth but not an immediate earnings surprise. Hatching trends: How America is celebrating Easter, according to DoorDash data
• Negative Sentiment: $16M settlement notice highlights ongoing legal exposure and puts a modest near‑term cash cost on the table (likely immaterial vs. market cap but a headline risk). $16M DoorDash settlement: Who is eligible and when you could get payout
• Negative Sentiment: Oklahoma therapist won a trademark dispute against DoorDash — a legal loss that could signal brand/marketing vulnerabilities and set precedent for other small‑business disputes. Oklahoma Therapist Wins Trademark Battle Against DoorDash
• Negative Sentiment: Several high‑profile safety and crime stories (a driver discovering a decomposing body during a delivery; separate reports of a driver admitting a fatal assault) raise reputational and regulatory scrutiny around driver safety and platform controls. These are headline risks that could prompt calls for policy or monitoring changes. Decomposing Body Found Inside Closet After DoorDash Driver Smelled Foul Odor During Delivery DoorDash driver admits he killed Charlotte high schooler

DoorDash Stock Up 4.0%

DoorDash stock opened at $167.78 on Tuesday. The business has a fifty day moving average of $189.51 and a two-hundred day moving average of $221.99. The company has a quick ratio of 1.41, a current ratio of 1.41 and a debt-to-equity ratio of 0.27. The firm has a market cap of $72.89 billion, a P/E ratio of 79.14 and a beta of 1.82. DoorDash, Inc. has a twelve month low of $155.40 and a twelve month high of $285.50.

DoorDash (NASDAQ:DASH) last posted its earnings results on Wednesday, February 18th. The company reported $0.48 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.58 by ($0.10). The company had revenue of $3.96 billion during the quarter, compared to analysts’ expectations of $3.98 billion. DoorDash had a net margin of 6.82% and a return on equity of 10.15%. DoorDash’s revenue for the quarter was up 37.7% on a year-over-year basis. During the same quarter last year, the firm earned $0.33 EPS. On average, analysts forecast that DoorDash, Inc. will post 2.22 earnings per share for the current fiscal year.

Insider Activity

In related news, CFO Ravi Inukonda sold 1,017 shares of the company’s stock in a transaction that occurred on Wednesday, January 14th. The stock was sold at an average price of $215.14, for a total value of $218,797.38. Following the sale, the chief financial officer owned 208,412 shares in the company, valued at $44,837,757.68. This represents a 0.49% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Stanley Tang sold 45,410 shares of the company’s stock in a transaction on Monday, February 2nd. The shares were sold at an average price of $209.01, for a total transaction of $9,491,144.10. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 205,409 shares of company stock valued at $45,332,298. 5.83% of the stock is owned by insiders.

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.