SteelPeak Wealth LLC bought a new stake in DoorDash, Inc. (NASDAQ:DASH – Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 3,579 shares of the company’s stock, valued at approximately $811,000.
A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Capital Advisors Inc. OK increased its position in DoorDash by 0.6% in the fourth quarter. Capital Advisors Inc. OK now owns 202,216 shares of the company’s stock worth $45,798,000 after purchasing an additional 1,149 shares during the period. LeConte Wealth Management LLC raised its holdings in DoorDash by 13.8% during the 4th quarter. LeConte Wealth Management LLC now owns 1,617 shares of the company’s stock worth $366,000 after purchasing an additional 196 shares during the last quarter. Vaughan Nelson Investment Management L.P. acquired a new position in DoorDash during the 4th quarter valued at about $41,712,000. Retirement Systems of Alabama lifted its position in DoorDash by 0.7% during the 4th quarter. Retirement Systems of Alabama now owns 79,527 shares of the company’s stock valued at $18,011,000 after purchasing an additional 563 shares during the period. Finally, Mn Services Vermogensbeheer B.V. boosted its stake in shares of DoorDash by 3.8% in the 4th quarter. Mn Services Vermogensbeheer B.V. now owns 140,678 shares of the company’s stock valued at $31,861,000 after purchasing an additional 5,178 shares during the last quarter. Institutional investors own 90.64% of the company’s stock.
DoorDash Price Performance
Shares of NASDAQ DASH opened at $156.45 on Monday. DoorDash, Inc. has a 52-week low of $143.30 and a 52-week high of $285.50. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.41 and a current ratio of 1.41. The stock has a market cap of $67.97 billion, a P/E ratio of 73.80 and a beta of 1.93. The firm has a 50 day moving average price of $173.23 and a 200 day moving average price of $212.39.
Key Stories Impacting DoorDash
Here are the key news stories impacting DoorDash this week:
- Positive Sentiment: DoorDash and Family Dollar expanded SNAP acceptance for online grocery orders — a material market-expansion move that can grow grocery GMV and recurring orders. DoorDash, Family Dollar expand SNAP payments for online grocery orders
- Positive Sentiment: A Half Moon Bay pilot aims to address DoorDash’s execution/cost issues (promises faster, cheaper delivery routing/fulfillment) — if successful it could improve margins and customer experience. DoorDash Plan in Half Moon Bay Could Change Food Delivery Forever
- Positive Sentiment: DoorDash says it’s helping drivers cope with rising gasoline prices (assistance measures) — supportive for driver retention and delivery capacity during a cost spike. DoorDash helping its drivers cope with rising gasoline prices
- Positive Sentiment: Several reports highlight DoorDash drivers reporting suspected elder abuse to police — positive PR showing the platform can enable community safety and trust. DoorDash driver tip to police leads to elder abuse arrest
- Neutral Sentiment: CNN’s DoorDash company page and market coverage provide up-to-date quotes and analyst commentary — useful for context but not new company-specific news. DoorDash, Inc. Class A (CNN Markets)
- Neutral Sentiment: DoorDash is testing less-plastic packaging options — aligns with sustainability trends; may be marginally positive for brand though limited near-term financial impact. Your DoorDash order, now without the plastic guilt
- Negative Sentiment: Viral reports of drivers allegedly holding orders hostage to demand extra tips and of apparent tip theft at restaurants raise reputational and regulatory risk around driver pay/tipping practices — could hurt consumer trust and invite scrutiny. Woman Orders Food From DoorDash. The Driver Holds It Hostage Until She Adds An Extra Tip
- Negative Sentiment: Local TV published footage of a driver allegedly stealing tips from a Lake Charles restaurant — another incident feeding negative headlines about driver conduct. CAUGHT ON CAMERA: DoorDash driver appears steal tips from Lake Charles restaurant
- Negative Sentiment: Multiple reports of driver misconduct or safety incidents (anger/abusive rant, and a tragic mistaken-address shooting of a driver) amplify regulatory and trust risks — these stories can depress short-term sentiment even if operational metrics remain solid. DoorDash driver axed after anti-Trump rant targeting customers
Insider Activity
In other DoorDash news, CFO Ravi Inukonda sold 1,017 shares of the business’s stock in a transaction dated Wednesday, January 14th. The stock was sold at an average price of $215.14, for a total value of $218,797.38. Following the completion of the transaction, the chief financial officer directly owned 208,412 shares of the company’s stock, valued at approximately $44,837,757.68. The trade was a 0.49% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Shona L. Brown sold 1,250 shares of the stock in a transaction dated Monday, March 9th. The stock was sold at an average price of $176.61, for a total value of $220,762.50. Following the completion of the sale, the director owned 31,002 shares of the company’s stock, valued at $5,475,263.22. This trade represents a 3.88% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 75,240 shares of company stock worth $15,106,834 in the last 90 days. Corporate insiders own 5.83% of the company’s stock.
Analyst Upgrades and Downgrades
Several brokerages have recently commented on DASH. Piper Sandler reiterated a “neutral” rating and set a $220.00 price target (down from $230.00) on shares of DoorDash in a research report on Thursday, February 19th. Citigroup reduced their price objective on shares of DoorDash from $283.00 to $280.00 and set a “buy” rating on the stock in a research note on Friday, February 20th. Wedbush upped their target price on shares of DoorDash from $260.00 to $270.00 and gave the company an “outperform” rating in a research report on Friday, December 19th. Roth Mkm reissued a “neutral” rating and issued a $200.00 price target on shares of DoorDash in a research note on Thursday, February 19th. Finally, Bank of America raised their price target on DoorDash from $260.00 to $272.00 and gave the stock a “buy” rating in a research report on Thursday, February 19th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-five have assigned a Buy rating and nine have assigned a Hold rating to the stock. According to data from MarketBeat.com, DoorDash has an average rating of “Moderate Buy” and an average target price of $263.12.
Get Our Latest Stock Report on DoorDash
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.
See Also
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