Premier Fund Managers Ltd acquired a new position in DoorDash, Inc. (NASDAQ:DASH – Free Report) in the fourth quarter, Holdings Channel.com reports. The institutional investor acquired 27,984 shares of the company’s stock, valued at approximately $6,383,000.
A number of other institutional investors and hedge funds have also added to or reduced their stakes in DASH. Brighton Jones LLC grew its holdings in DoorDash by 24.0% in the 4th quarter. Brighton Jones LLC now owns 9,336 shares of the company’s stock worth $1,566,000 after buying an additional 1,807 shares in the last quarter. Integrated Wealth Concepts LLC lifted its position in DoorDash by 21.5% in the first quarter. Integrated Wealth Concepts LLC now owns 1,715 shares of the company’s stock worth $314,000 after purchasing an additional 303 shares during the period. Empowered Funds LLC lifted its position in DoorDash by 3.6% in the first quarter. Empowered Funds LLC now owns 8,130 shares of the company’s stock worth $1,486,000 after purchasing an additional 285 shares during the period. Sivia Capital Partners LLC lifted its position in DoorDash by 92.9% in the second quarter. Sivia Capital Partners LLC now owns 4,255 shares of the company’s stock worth $1,049,000 after purchasing an additional 2,049 shares during the period. Finally, Baird Financial Group Inc. acquired a new stake in DoorDash in the second quarter worth approximately $222,000. 90.64% of the stock is owned by institutional investors.
Insider Activity
In other news, Director Shona L. Brown sold 1,250 shares of the stock in a transaction on 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 in the company, valued at $5,475,263.22. This represents a 3.88% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, COO Prabir Adarkar sold 10,000 shares of the stock in a transaction on Monday, April 20th. The shares were sold at an average price of $188.34, for a total value of $1,883,400.00. Following the completion of the sale, the chief operating officer owned 843,678 shares of the company’s stock, valued at $158,898,314.52. The trade was a 1.17% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 43,933 shares of company stock worth $7,135,413 over the last quarter. Corporate insiders own 5.83% of the company’s stock.
DoorDash Price Performance
DoorDash (NASDAQ:DASH – Get Free Report) last released its earnings results on Wednesday, May 6th. The company reported $0.42 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.36 by $0.06. The company had revenue of $4.04 billion during the quarter, compared to analyst estimates of $4.15 billion. DoorDash had a return on equity of 10.15% and a net margin of 6.82%.The company’s revenue for the quarter was up 33.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.44 earnings per share. Equities analysts forecast that DoorDash, Inc. will post 2.44 EPS for the current fiscal year.
Wall Street Analyst Weigh In
A number of equities research analysts have weighed in on the company. Citizens Jmp cut their target price on DoorDash from $285.00 to $250.00 and set a “market outperform” rating for the company in a research report on Friday, February 20th. Sanford C. Bernstein cut their target price on DoorDash from $285.00 to $270.00 and set an “outperform” rating for the company in a research report on Thursday, February 19th. Weiss Ratings downgraded DoorDash from a “hold (c)” rating to a “hold (c-)” rating in a research report on Wednesday, April 29th. The Goldman Sachs Group set a $267.00 price objective on DoorDash in a research report on Monday, February 2nd. Finally, Zacks Research downgraded DoorDash from a “hold” rating to a “strong sell” rating in a research report on Monday, April 13th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-five have assigned a Buy rating, eight have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $259.31.
Read Our Latest Stock Analysis on DASH
Trending Headlines about DoorDash
Here are the key news stories impacting DoorDash this week:
- Positive Sentiment: Earnings beat and stronger order outlook — DoorDash reported adjusted EPS of $0.42 vs. consensus $0.36 and gave a stronger-than-expected outlook for order growth, which drove a premarket rally. DoorDash stock jumps 11% after earnings beat and strong delivery demand
- Positive Sentiment: Q2 order-value guidance above estimates — Management forecasted quarterly marketplace gross order value above analyst estimates, signaling resilient demand and growth from grocery, retail and international expansion. DoorDash forecasts quarterly order value above estimates
- Positive Sentiment: Grocery expansion accelerating marketplace sales — Grocery growth helped drive a 37% jump in marketplace sales, supporting higher take rates and diversification beyond restaurant delivery. DoorDash Grocery Growth Fuels 37% Marketplace Sales Jump
- Positive Sentiment: Productivity tailwinds from AI — CEO comments that AI is making engineers faster and the company is investing to make employees “AI-capable” suggest future efficiency gains and faster feature rollouts. DoorDash CEO says AI is making engineers faster, but productivity isn’t everything
- Neutral Sentiment: User and engagement metrics strong, revenue mixed — DoorDash reported record membership signups and a new high for MAUs and said orders and revenue rose year-over-year, but revenue slightly missed Wall Street targets. DoorDash Releases First Quarter 2026 Financial Results
- Neutral Sentiment: Longer-term bull case coverage — Analysts and commentators highlight sizable market opportunity and execution on local commerce, which supports a constructive longer-term thesis despite short-term headwinds. DoorDash: Building A Delivery Behemoth
- Negative Sentiment: Gas-relief and margin pressure — DoorDash said it will spend >$50M on driver gas relief this spring and expects ~$100M in gas-related costs in H1; management noted higher cost of revenue and increased S&M/R&D that pressured profit. DoorDash plans to spend more than $50 million on gas price relief for its drivers this spring
- Negative Sentiment: Revenue miss and profit softness — Q1 revenue came in below estimates and operating profit ticked down as costs rose with order volume, creating near-term margin uncertainty. DoorDash Profit Ticks Down Despite Higher Revenue
- Negative Sentiment: Acquisition and growth/valuation risks — Analysts warn about slower core growth, Deliveroo-related costs and valuation compression, factors that could cap upside if execution slips. DoorDash: Clear Opportunity Ahead Of Q1 Results
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.
Further Reading
Want to see what other hedge funds are holding DASH? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for DoorDash, Inc. (NASDAQ:DASH – Free Report).
Receive News & Ratings for DoorDash Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for DoorDash and related companies with MarketBeat.com's FREE daily email newsletter.
