5,359 DoorDash, Inc. $DASH Shares Bought by Western Financial Corp CA

Western Financial Corp CA grew its holdings in DoorDash, Inc. (NASDAQ:DASH) by 447.3% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 6,557 shares of the company’s stock after acquiring an additional 5,359 shares during the period. Western Financial Corp CA’s holdings in DoorDash were worth $1,204,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in DASH. Janus Henderson Group PLC lifted its stake in shares of DoorDash by 40.2% in the 1st quarter. Janus Henderson Group PLC now owns 7,762,553 shares of the company’s stock valued at $1,159,377,000 after purchasing an additional 2,225,954 shares during the last quarter. Temasek Holdings Private Ltd raised its holdings in DoorDash by 49.4% during the 1st quarter. Temasek Holdings Private Ltd now owns 3,461,501 shares of the company’s stock valued at $519,744,000 after buying an additional 1,145,078 shares during the period. Bank of America Corp DE lifted its position in DoorDash by 18.4% in the first quarter. Bank of America Corp DE now owns 3,449,266 shares of the company’s stock worth $517,907,000 after buying an additional 536,080 shares during the last quarter. Amundi boosted its stake in DoorDash by 31.1% during the first quarter. Amundi now owns 2,315,722 shares of the company’s stock worth $347,706,000 after buying an additional 549,387 shares during the period. Finally, Artisan Partners Limited Partnership increased its position in DoorDash by 23.7% during the fourth quarter. Artisan Partners Limited Partnership now owns 1,695,291 shares of the company’s stock valued at $383,950,000 after acquiring an additional 324,812 shares during the last quarter. 90.64% of the stock is currently owned by institutional investors.

Key Headlines Impacting DoorDash

Here are the key news stories impacting DoorDash this week:

• Positive Sentiment: Investors purchased 35,208 DASH call options on Wednesday, 256% above the typical volume of 9,896 contracts. The activity suggests increased speculative interest in a potential rebound, although options flows can be volatile and do not guarantee a stock-price increase.
• Positive Sentiment: DoorDash expanded its Australian delivery footprint into Geraldton, Kalgoorlie and Horsham, supporting the company’s regional growth strategy. DoorDash Moves To Geraldton, Kalgoorlie & Horsham Amid Regional Push
• Positive Sentiment: Big W, a major Australian retailer, joined DoorDash, potentially broadening the platform’s nonrestaurant delivery volume as demand for fast delivery grows. Big W joins DoorDash in major shake-up to Australia’s discount retail delivery
• Positive Sentiment: A new SKIMS and DoorDash partnership promotes on-demand apparel delivery and raises brand visibility beyond food delivery. The commercial value is uncertain, but the arrangement supports DoorDash’s broader retail ambitions. Kim Kardashian Endorses On-Demand Apparel Delivery With New Skims x DoorDash Partnership and Ad Spot
• Neutral Sentiment: CFO Ravi Inukonda sold 1,017 shares for approximately $198,315 under a pre-arranged Rule 10b5-1 plan. The sale reduced his holdings by just 0.46%; he still directly owns 217,911 shares, limiting the signal’s significance.
• Neutral Sentiment: Recent coverage highlighting DoorDash’s top pizzerias and a driver road-rage incident is unlikely to materially affect revenue or valuation. DoorDash names its top pizzerias in US DoorDash worker speaks out after road rage attack

Analyst Ratings Changes

Several research analysts have issued reports on DASH shares. Guggenheim restated a “buy” rating and set a $255.00 target price on shares of DoorDash in a research report on Wednesday. Piper Sandler restated a “neutral” rating and set a $220.00 price objective (up from $205.00) on shares of DoorDash in a report on Thursday, August 6th. Argus lifted their target price on DoorDash from $190.00 to $270.00 in a research report on Thursday, August 27th. Deutsche Bank Aktiengesellschaft boosted their target price on shares of DoorDash from $255.00 to $260.00 and gave the company a “buy” rating in a research note on Thursday, August 6th. Finally, Barclays cut shares of DoorDash from an “equal weight” rating to a “strong sell” rating in a report on Monday, August 24th. Two research analysts have rated the stock with a Strong Buy rating, thirty-one have given a Buy rating, eight have issued a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, DoorDash has an average rating of “Moderate Buy” and an average target price of $254.95.

Insider Buying and Selling at DoorDash

In related news, Director Andy Fang sold 5,000 shares of DoorDash stock in a transaction dated Thursday, October 1st. The stock was sold at an average price of $183.69, for a total transaction of $918,450.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Stanley Tang sold 23,125 shares of the stock in a transaction that occurred on Friday, October 2nd. The stock was sold at an average price of $186.19, for a total transaction of $4,305,643.75. Following the completion of the transaction, the director owned 10,361 shares in the company, valued at approximately $1,929,114.59. This trade represents a 69.06% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders have sold 393,998 shares of company stock worth $85,861,330. 44.90% of the stock is owned by corporate insiders.

DoorDash Stock Down 4.7%

NASDAQ:DASH traded down $9.08 during mid-day trading on Wednesday, hitting $184.01. 3,922,551 shares of the company’s stock traded hands, compared to its average volume of 4,613,463. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.37 and a current ratio of 1.37. The company has a market capitalization of $79.73 billion, a P/E ratio of 96.34 and a beta of 1.90. The company has a fifty day moving average of $206.24 and a 200 day moving average of $183.34. DoorDash, Inc. has a twelve month low of $143.30 and a twelve month high of $285.50.

DoorDash (NASDAQ:DASH) last released its earnings results on Wednesday, August 5th. The company reported $0.46 earnings per share for the quarter, missing the consensus estimate of $0.47 by ($0.01). The company had revenue of $4.45 billion for the quarter, compared to analysts’ expectations of $4.34 billion. DoorDash had a return on equity of 8.48% and a net margin of 5.29%. The firm’s revenue for the quarter was up 35.6% on a year-over-year basis. During the same period in the prior year, the firm posted $0.65 EPS. On average, analysts forecast that DoorDash, Inc. will post 2.51 EPS for the current year.

DoorDash Profile

DoorDash, Inc is a technology company that operates a local commerce platform connecting consumers with restaurants, grocery stores, convenience retailers and other merchants. Through its DoorDash app and website, customers can discover businesses, place orders for delivery or pickup, and access related services. The company also provides merchants with tools for online ordering, logistics, customer engagement, advertising and business analytics.

DoorDash generates additional activity through subscription programs such as DashPass, which provides participating customers with delivery-related benefits, and through its logistics and commerce solutions for merchants.