Czech National Bank Purchases 5,906 Shares of DoorDash, Inc. $DASH

Czech National Bank boosted its position in DoorDash, Inc. (NASDAQ:DASH) by 5.8% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 107,716 shares of the company’s stock after buying an additional 5,906 shares during the quarter. Czech National Bank’s holdings in DoorDash were worth $19,877,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also bought and sold shares of the business. Intech Investment Management LLC lifted its stake in shares of DoorDash by 707.8% in the 4th quarter. Intech Investment Management LLC now owns 253,348 shares of the company’s stock valued at $57,378,000 after acquiring an additional 221,985 shares during the last quarter. Nomura Asset Management Co. Ltd. boosted its holdings in DoorDash by 9.1% during the 4th quarter. Nomura Asset Management Co. Ltd. now owns 156,960 shares of the company’s stock valued at $35,548,000 after acquiring an additional 13,121 shares during the period. Allstate Corp grew its position in DoorDash by 116.7% during the 4th quarter. Allstate Corp now owns 29,227 shares of the company’s stock worth $6,619,000 after acquiring an additional 15,741 shares during the last quarter. Brighton Jones LLC grew its position in DoorDash by 24.0% during the 4th quarter. Brighton Jones LLC now owns 9,336 shares of the company’s stock worth $1,566,000 after acquiring an additional 1,807 shares during the last quarter. Finally, JCP Investment Management LLC purchased a new position in DoorDash in the 1st quarter worth approximately $991,000. 90.64% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

DASH has been the topic of several analyst reports. Zacks Research downgraded shares of DoorDash from a “hold” rating to a “strong sell” rating in a research note on Friday, July 17th. TD Cowen raised their price target on shares of DoorDash from $225.00 to $240.00 and gave the stock a “buy” rating in a report on Thursday. Bank of America restated a “buy” rating on shares of DoorDash in a research report on Thursday. Cantor Fitzgerald upped their price objective on shares of DoorDash from $230.00 to $260.00 and gave the company an “overweight” rating in a research note on Thursday. Finally, Jefferies Financial Group increased their target price on shares of DoorDash from $220.00 to $225.00 and gave the stock a “buy” rating in a report on Tuesday, July 14th. Twenty-three equities research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, DoorDash presently has an average rating of “Moderate Buy” and an average target price of $253.50.

DoorDash Stock Up 1.4%

DASH stock opened at $216.26 on Friday. DoorDash, Inc. has a fifty-two week low of $143.30 and a fifty-two week high of $285.50. The company has a market capitalization of $94.23 billion, a price-to-earnings ratio of 113.23 and a beta of 1.78. The business’s 50 day moving average price is $180.65 and its two-hundred day moving average price is $174.77. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.43 and a current ratio of 1.37.

DoorDash (NASDAQ:DASH) last issued its quarterly earnings results on Wednesday, August 5th. The company reported $0.46 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.47 by ($0.01). DoorDash had a return on equity of 8.48% and a net margin of 5.29%.The business had revenue of $4.45 billion during the quarter, compared to the consensus estimate of $4.34 billion. During the same quarter in the previous year, the business earned $0.65 earnings per share. The firm’s revenue was up 35.6% compared to the same quarter last year. As a group, analysts forecast that DoorDash, Inc. will post 2.4 earnings per share for the current fiscal year.

Insider Activity at DoorDash

In related news, Director Stanley Tang sold 67,693 shares of the stock in a transaction dated Monday, August 3rd. The shares were sold at an average price of $200.63, for a total transaction of $13,581,246.59. Following the sale, the director directly owned 40,218 shares of the company’s stock, valued at approximately $8,068,937.34. This represents a 62.73% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Shona L. Brown sold 582 shares of DoorDash stock in a transaction dated Friday, June 26th. The stock was sold at an average price of $177.06, for a total transaction of $103,048.92. Following the completion of the transaction, the director directly owned 31,156 shares of the company’s stock, valued at $5,516,481.36. This trade represents a 1.83% decrease in their ownership of the stock. 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 a total of 142,620 shares of company stock worth $26,822,778 in the last ninety days. 5.28% of the stock is currently owned by company insiders.

Key Stories Impacting DoorDash

Here are the key news stories impacting DoorDash this week:

• Positive Sentiment: DoorDash’s second-quarter revenue increased 35.6% year over year to $4.45 billion, exceeding the $4.34 billion consensus estimate. Growth in orders, marketplaces, memberships and the Deliveroo acquisition supported the top-line beat. DoorDash Q2 Earnings Miss on Higher R&D Costs, Revenue Beat
• Positive Sentiment: Management issued stronger-than-expected third-quarter guidance, indicating that demand for food, grocery and convenience delivery remains resilient. The company also said improving growth and unit economics are helping fund investments in DashPass, merchant services, artificial intelligence and autonomous delivery. DoorDash Issues Strong Guidance as Delivery Demand Keeps Rising
• Positive Sentiment: DoorDash received FAA approval to operate commercial air-carrier services in Charlotte, clearing a regulatory hurdle for drone deliveries. The initiative could eventually improve delivery speed and economics, although its financial contribution is likely longer term. DoorDash Cleared for Takeoff with FAA Air Carrier Approval
• Positive Sentiment: Several analysts raised their price targets: Cantor Fitzgerald increased its target to $260 and maintained an overweight rating, while Needham reiterated a buy rating with a $265 target. Barclays also lifted its target to $230, though it retained an equal-weight rating. DoorDash Given New Price Target at Barclays
• Neutral Sentiment: DoorDash is positioning artificial intelligence as a growth and efficiency driver, but management said AI-generated traffic is still limited. Autonomous delivery robot deployment also faces practical challenges involving charging, loading and complex pickups. DoorDash Faces Challenges Scaling Its Dot Delivery Robot
• Negative Sentiment: Adjusted earnings of $0.46 per share fell short of expectations and declined from $0.65 a year earlier. Higher research-and-development spending is pressuring near-term profitability as DoorDash invests in technology and expansion. DoorDash Q2 Earnings Miss Estimates
• Negative Sentiment: Director Stanley Tang sold 67,693 shares worth approximately $13.6 million under a pre-arranged Rule 10b5-1 plan. While scheduled insider sales do not necessarily signal deteriorating fundamentals, the transaction reduced his position by roughly 63%. Stanley Tang Sells DoorDash Shares

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.