Cache Advisors LLC grew its holdings in DoorDash, Inc. (NASDAQ:DASH – Free Report) by 337.7% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 96,430 shares of the company’s stock after buying an additional 74,397 shares during the quarter. DoorDash accounts for 2.7% of Cache Advisors LLC’s investment portfolio, making the stock its 10th largest position. Cache Advisors LLC’s holdings in DoorDash were worth $21,839,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also made changes to their positions in the company. Physician Wealth Advisors Inc. increased its position in shares of DoorDash by 284.0% in the third quarter. Physician Wealth Advisors Inc. now owns 96 shares of the company’s stock valued at $26,000 after buying an additional 71 shares in the last quarter. Eastern Bank increased its stake in shares of DoorDash by 714.3% during the fourth quarter. Eastern Bank now owns 114 shares of the company’s stock worth $26,000 after purchasing an additional 100 shares in the last quarter. Sunbelt Securities Inc. increased its stake in shares of DoorDash by 124.1% during the third quarter. Sunbelt Securities Inc. now owns 121 shares of the company’s stock worth $33,000 after purchasing an additional 67 shares in the last quarter. Morse Asset Management Inc purchased a new stake in shares of DoorDash during the third quarter worth about $36,000. Finally, Sound Income Strategies LLC increased its stake in shares of DoorDash by 2,760.0% during the third quarter. Sound Income Strategies LLC now owns 143 shares of the company’s stock worth $39,000 after purchasing an additional 138 shares in the last quarter. 90.64% of the stock is currently owned by hedge funds and other institutional investors.
Analyst Ratings Changes
DASH has been the subject of a number of research reports. BMO Capital Markets reissued an “outperform” rating on shares of DoorDash in a research note on Friday, December 12th. Bank of America boosted their target price on shares of DoorDash from $260.00 to $272.00 and gave the stock a “buy” rating in a research note on Thursday, February 19th. BNP Paribas Exane started coverage on DoorDash in a research report on Wednesday, January 14th. They set an “outperform” rating and a $280.00 price target for the company. Jefferies Financial Group boosted their price target on DoorDash from $260.00 to $270.00 and gave the stock a “buy” rating in a research report on Thursday, December 11th. Finally, Stifel Nicolaus dropped their price target on DoorDash from $253.00 to $224.00 and set a “hold” rating for the company in a research report on Tuesday, January 27th. One investment analyst has rated the stock with a Strong Buy rating, twenty-five have assigned a Buy rating and nine have issued a Hold rating to the company. According to MarketBeat, DoorDash currently has an average rating of “Moderate Buy” and an average price target of $263.12.
DoorDash Stock Up 3.1%
Shares of NASDAQ:DASH opened at $160.69 on Thursday. 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 business has a fifty day moving average of $170.19 and a two-hundred day moving average of $210.47. The stock has a market cap of $69.81 billion, a P/E ratio of 75.80 and a beta of 1.93. DoorDash, Inc. has a 52-week low of $143.30 and a 52-week high of $285.50.
DoorDash (NASDAQ:DASH – Get Free Report) last issued 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). DoorDash had a net margin of 6.82% and a return on equity of 10.15%. The company had revenue of $3.96 billion during the quarter, compared to analysts’ expectations of $3.98 billion. During the same quarter in the previous year, the company earned $0.33 earnings per share. The firm’s quarterly revenue was up 37.7% compared to the same quarter last year. On average, research analysts expect that DoorDash, Inc. will post 2.22 earnings per share for the current year.
Insider Activity
In other news, CFO Ravi Inukonda sold 1,017 shares of the stock in a transaction that occurred on Wednesday, January 14th. The shares were sold at an average price of $215.14, for a total value of $218,797.38. Following the completion of the sale, the chief financial officer owned 208,412 shares of the company’s stock, valued at $44,837,757.68. This represents a 0.49% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Shona L. Brown sold 1,250 shares of the stock in a transaction that occurred on Monday, March 9th. The shares were sold at an average price of $176.61, for a total transaction of $220,762.50. Following the completion of the sale, the director directly owned 31,002 shares of the company’s stock, valued at approximately $5,475,263.22. This trade represents a 3.88% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 96,673 shares of company stock worth $18,321,784. Corporate insiders own 5.83% of the company’s stock.
Key Headlines Impacting DoorDash
Here are the key news stories impacting DoorDash this week:
- Positive Sentiment: Drone expansion with Alphabet’s Wing moves into Atlanta and other suburbs, extending same‑day/local delivery capacity and demonstrating progress on capital‑light, high‑frequency fulfillment use cases. DoorDash launches drone delivery in metro Atlanta
- Positive Sentiment: Retail partnerships and delivery rollouts broaden addressable market — Foot Locker added on‑demand delivery via DoorDash, expanding non‑restaurant revenue channels. Foot Locker partners with DoorDash for on-demand delivery
- Positive Sentiment: Grocery access expansions: multiple chains (Market 32/Price Chopper, Northeast Grocery, Tops) now accept SNAP/EBT for DoorDash deliveries, expanding customer base and lowering friction for low‑income users. Price Chopper/Market 32 customers can use SNAP/EBT benefits for DoorDash delivery
- Positive Sentiment: Autonomous/EV pilots: DoorDash partnered on autonomous last‑mile EV programs, signaling cost and efficiency experiments that could improve long‑term unit economics. Also and DoorDash partner on autonomous last-mile delivery EVs
- Neutral Sentiment: Marketing/data: DoorDash released a price comparison report on breakfast items — helpful for consumer engagement but limited direct revenue impact. DoorDash report shows where you can find the lowest price for breakfast basics
- Neutral Sentiment: Product cleanup: app features to surface restaurants slated to close and other UX changes are operational refinements with unclear near‑term revenue effect. DoorDash app designed to help customers find restaurants going away
- Negative Sentiment: Insider selling: Director Stanley Tang sold 21,433 shares under a 10b5‑1 plan; broader reports of significant insider disposals this week have weighed on investor sentiment. Insider Selling: DoorDash Director Sells Shares
- Negative Sentiment: Safety, operational and fraud risks: recent driver fatalities, vehicle thefts and reports of scammers using stolen IDs to work for DoorDash raise liability, insurance and onboarding‑cost concerns. 18-year-old man delivering food for DoorDash killed in hit-and-run Scammers use stolen identities to work for DoorDash
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.
Further Reading
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