DoorDash, Inc. $DASH Shares Bought by State of Michigan Retirement System

State of Michigan Retirement System increased its holdings in shares of DoorDash, Inc. (NASDAQ:DASH) by 7.4% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 100,100 shares of the company’s stock after buying an additional 6,900 shares during the quarter. State of Michigan Retirement System’s holdings in DoorDash were worth $27,226,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently added to or reduced their stakes in DASH. Physician Wealth Advisors Inc. grew its stake in shares of DoorDash by 284.0% during the third quarter. Physician Wealth Advisors Inc. now owns 96 shares of the company’s stock worth $26,000 after acquiring an additional 71 shares during the last quarter. Sound Income Strategies LLC raised its position in shares of DoorDash by 2,760.0% in the 3rd quarter. Sound Income Strategies LLC now owns 143 shares of the company’s stock valued at $39,000 after purchasing an additional 138 shares during the last quarter. Annis Gardner Whiting Capital Advisors LLC boosted its stake in DoorDash by 74.3% in the 3rd quarter. Annis Gardner Whiting Capital Advisors LLC now owns 176 shares of the company’s stock worth $48,000 after purchasing an additional 75 shares in the last quarter. Concord Wealth Partners purchased a new stake in DoorDash during the 3rd quarter worth approximately $50,000. Finally, Asset Planning Inc purchased a new stake in DoorDash during the 3rd quarter worth approximately $50,000. 90.64% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts have recently commented on DASH shares. Bank of America lowered their price objective on shares of DoorDash from $325.00 to $305.00 and set a “buy” rating for the company in a research note on Thursday, November 6th. DA Davidson reaffirmed a “neutral” rating and set a $260.00 price target on shares of DoorDash in a research report on Thursday, November 6th. Wall Street Zen lowered DoorDash from a “buy” rating to a “hold” rating in a report on Saturday, November 1st. Wells Fargo & Company raised their price objective on DoorDash from $239.00 to $251.00 and gave the stock an “equal weight” rating in a research note on Thursday, January 8th. Finally, Oppenheimer reiterated an “outperform” rating and issued a $280.00 target price on shares of DoorDash in a research report on Thursday, November 6th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-six have assigned a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $279.09.

DoorDash News Roundup

Here are the key news stories impacting DoorDash this week:

• Positive Sentiment: Major Super Bowl marketing push — DoorDash launched its “Big Beef” / “Beef 101” campaign starring 50 Cent, a high‑visibility ad buy that should boost brand awareness and order volume around a peak spending moment. DoorDash’s Super Bowl LX ad ‘Beef 101’
• Positive Sentiment: Payment expansion increases addressable market — DoorDash expanded SNAP/EBT acceptance to additional grocers and retailers (Wegmans, CVS, Lowes Foods, Rouses, Dierbergs), likely supporting more grocery/retail orders from lower‑income households. DoorDash Expands SNAP/EBT Payment
• Positive Sentiment: Community and local PR — Project DASH delivered 500+ meals to Queens Medicaid recipients, reinforcing local goodwill and corporate social responsibility. Project DASH to the rescue
• Neutral Sentiment: Analyst coverage mostly constructive — Sell‑side firms continue to lean buy/outperform despite some target trims, signaling confidence in long‑term monetization even as DoorDash invests. Buy Rating Upheld
• Neutral Sentiment: Consumer features and lifestyle coverage — Gift guides and opinion pieces keep the brand top‑of‑mind but are unlikely to move fundamentals materially. Last-Minute DoorDash Gifts
• Negative Sentiment: Significant insider selling — Co‑founder/director Stanley Tang sold ~45,410 shares (~$9.49M at reported prices) in early February; a director (Ashley Still) also sold a small parcel. Large insider sales can increase perceived supply and pressure sentiment. Stanley Tang Form 4 (SEC) Ashley Still Form 4 (SEC)
• Negative Sentiment: Isolated delivery incident and local PR risk — A reported customer incident caught on camera is a reminder of operational/quality control risks; isolated now but could matter if incidents accumulate. Toledo delivery incident

DoorDash Stock Down 0.8%

Shares of DASH stock opened at $182.47 on Friday. DoorDash, Inc. has a twelve month low of $155.40 and a twelve month high of $285.50. The stock has a market cap of $78.64 billion, a P/E ratio of 92.62 and a beta of 1.77. The stock has a 50 day moving average of $217.70 and a 200 day moving average of $236.47. The company has a current ratio of 2.04, a quick ratio of 2.04 and a debt-to-equity ratio of 0.29.

DoorDash (NASDAQ:DASH) last released its quarterly earnings data on Wednesday, November 5th. The company reported $0.55 EPS for the quarter, missing the consensus estimate of $0.68 by ($0.13). The company had revenue of $3.45 billion during the quarter, compared to analysts’ expectations of $3.35 billion. DoorDash had a return on equity of 9.97% and a net margin of 6.83%.The company’s revenue for the quarter was up 27.3% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.38 EPS. As a group, sell-side analysts expect that DoorDash, Inc. will post 2.22 EPS for the current year.

Insider Activity

In related news, CFO Ravi Inukonda sold 1,017 shares of the firm’s stock in a transaction on Wednesday, January 14th. The shares were sold at an average price of $215.14, for a total transaction of $218,797.38. Following the sale, the chief financial officer owned 208,412 shares in the company, valued at approximately $44,837,757.68. This trade represents a 0.49% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Shona L. Brown sold 1,250 shares of DoorDash stock in a transaction on Friday, January 9th. The shares were sold at an average price of $222.33, for a total transaction of $277,912.50. Following the completion of the transaction, the director directly owned 33,502 shares of the company’s stock, valued at $7,448,499.66. The trade was a 3.60% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 602,885 shares of company stock valued at $124,282,480 in the last three months. Corporate insiders own 5.83% of the company’s stock.

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.