DoorDash, Inc. $DASH Holdings Lessened by Eurizon Capital SGR S.p.A.

Eurizon Capital SGR S.p.A. lessened its stake in DoorDash, Inc. (NASDAQ:DASH) by 8.2% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 320,917 shares of the company’s stock after selling 28,690 shares during the quarter. Eurizon Capital SGR S.p.A. owned approximately 0.07% of DoorDash worth $58,904,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Activest Wealth Management lifted its stake in DoorDash by 892.9% in the 3rd quarter. Activest Wealth Management now owns 139 shares of the company’s stock worth $26,000 after purchasing an additional 125 shares in the last quarter. Washington Trust Advisors Inc. boosted its holdings in shares of DoorDash by 81.0% during the 2nd quarter. Washington Trust Advisors Inc. now owns 143 shares of the company’s stock valued at $26,000 after purchasing an additional 64 shares during the last quarter. Fairscale Capital LLC grew its position in shares of DoorDash by 128.6% during the third quarter. Fairscale Capital LLC now owns 144 shares of the company’s stock valued at $25,000 after purchasing an additional 81 shares in the last quarter. City State Bank grew its position in shares of DoorDash by 56.0% during the third quarter. City State Bank now owns 156 shares of the company’s stock valued at $29,000 after purchasing an additional 56 shares in the last quarter. Finally, Signature Equity Partners LLC increased its holdings in shares of DoorDash by 213.5% in the third quarter. Signature Equity Partners LLC now owns 163 shares of the company’s stock worth $30,000 after purchasing an additional 111 shares during the last quarter. Institutional investors own 90.64% of the company’s stock.

DoorDash Stock Down 3.2%

Shares of NASDAQ DASH opened at $172.58 on Friday. The firm’s 50-day moving average price is $189.17 and its 200-day moving average price is $181.91. The company has a current ratio of 1.46, a quick ratio of 1.46 and a debt-to-equity ratio of 0.25. The stock has a market capitalization of $75.24 billion, a price-to-earnings ratio of 71.31, a P/E/G ratio of 1.47 and a beta of 1.98. DoorDash, Inc. has a 12-month low of $143.30 and a 12-month high of $239.00.

DoorDash (NASDAQ:DASH) last announced its quarterly earnings results on Thursday, October 29th. The company reported $1.06 EPS for the quarter, beating analysts’ consensus estimates of $0.81 by $0.25. DoorDash had a net margin of 6.23% and a return on equity of 10.40%. The firm had revenue of $4.62 billion during the quarter, compared to the consensus estimate of $4.56 billion. During the same quarter last year, the firm earned $0.55 EPS. The firm’s revenue for the quarter was up 34.0% compared to the same quarter last year. On average, equities research analysts anticipate that DoorDash, Inc. will post 2.69 EPS for the current fiscal year.

Insider Buying and Selling at DoorDash

In other news, CFO Ravi Inukonda sold 1,017 shares of the business’s stock in a transaction that occurred on Monday, October 12th. The stock was sold at an average price of $195.00, for a total transaction of $198,315.00. Following the transaction, the chief financial officer owned 217,911 shares of the company’s stock, valued at approximately $42,492,645. The trade was a 0.46% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through 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 on Monday, November 2nd. The shares were sold at an average price of $188.71, for a total value of $4,363,918.75. Following the sale, the director owned 10,361 shares in the company, valued at $1,955,224.31. The trade was a 69.06% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders sold 349,430 shares of company stock valued at $76,644,002. Corporate insiders own 44.90% of the company’s stock.

Wall Street Analysts Forecast Growth

DASH has been the topic of a number of research analyst reports. Needham & Company LLC decreased their target price on DoorDash from $265.00 to $235.00 and set a “buy” rating on the stock in a research report on Friday, October 30th. Truist Financial raised their price target on DoorDash from $336.00 to $340.00 and gave the company a “buy” rating in a report on Friday, October 30th. Scotiabank cut their price target on DoorDash from $275.00 to $235.00 and set a “sector outperform” rating for the company in a report on Friday, October 30th. Deutsche Bank lifted their price objective on DoorDash from $255.00 to $260.00 and gave the stock a “buy” rating in a research note on Thursday, August 6th. Finally, Moffett Nathanson decreased their price objective on DoorDash from $280.00 to $278.00 and set a “buy” rating on the stock in a report on Thursday, August 6th. One investment analyst has rated the stock with a Strong Buy rating, thirty-one have assigned a Buy rating and ten have assigned a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $249.82.

DoorDash News Summary

Investors following DASH have been watching these news items:

• Positive Sentiment: Canadians spent billions on DoorDash last year, pointing to substantial demand for its delivery platform. Article: Canadians spent billions on DoorDash
• Neutral Sentiment: Reports say consumers are making little use of AI agents for services such as delivery. This suggests limited near-term disruption from AI-driven ordering, but does not indicate a direct change to DoorDash’s results. Article: AI agents and consumer use
• Negative Sentiment: A separate analysis argued DoorDash looks overvalued after a strong three-year run, raising concern that the stock’s valuation may leave less room for upside. Article: DoorDash Stock Looks Overvalued

About DoorDash

DoorDash, Inc. operates a local commerce platform that connects consumers with restaurants and other merchants, as well as with independent delivery workers. Through its app and website, customers can order restaurant meals, groceries, convenience items and products from other local retailers for delivery or pickup. The company also provides services for merchants, including tools for online ordering, marketing and fulfillment. Its offerings include DoorDash Drive, which provides delivery logistics for merchants’ own orders, and DashPass, a subscription program for eligible orders.