DoorDash, Inc. $DASH Shares Newly Bought by Vestor Capital LLC

Vestor Capital LLC acquired a new stake in DoorDash, Inc. (NASDAQ:DASH) in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 3,700 shares of the company’s stock, valued at approximately $679,000.

A number of other hedge funds have also added to or reduced their stakes in the stock. Retirement Systems of Alabama raised its stake in shares of DoorDash by 390.8% during the third quarter. Retirement Systems of Alabama now owns 390,142 shares of the company’s stock valued at $71,611,000 after acquiring an additional 310,644 shares in the last quarter. Joseph Group Capital Management boosted its holdings in shares of DoorDash by 341.5% in the third quarter. Joseph Group Capital Management now owns 649 shares of the company’s stock valued at $119,000 after purchasing an additional 502 shares during the period. Fulcrum Asset Management LLP bought a new position in DoorDash in the third quarter worth approximately $24,580,000. Avion Wealth grew its stake in DoorDash by 5,236.4% in the third quarter. Avion Wealth now owns 6,457 shares of the company’s stock worth $1,185,000 after purchasing an additional 6,336 shares in the last quarter. Finally, Brighton Jones LLC grew its stake in DoorDash by 108.9% in the third quarter. Brighton Jones LLC now owns 26,398 shares of the company’s stock worth $4,845,000 after purchasing an additional 13,764 shares in the last quarter. 90.64% of the stock is currently owned by institutional investors.

DoorDash Stock Performance

Shares of NASDAQ:DASH opened at $180.96 on Tuesday. The firm has a 50 day moving average of $192.26 and a 200 day moving average of $182.38. The company has a quick ratio of 1.37, a current ratio of 1.46 and a debt-to-equity ratio of 0.25. The company has a market capitalization of $78.41 billion, a price-to-earnings ratio of 74.78 and a beta of 1.98. DoorDash, Inc. has a 52 week low of $143.30 and a 52 week high of $239.00.

DoorDash (NASDAQ:DASH) last announced its earnings results on Thursday, October 29th. The company reported $1.06 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.81 by $0.25. DoorDash had a return on equity of 10.40% and a net margin of 6.23%. The business had revenue of $4.62 billion for the quarter, compared to analysts’ expectations of $4.56 billion. During the same quarter last year, the firm earned $0.55 EPS. The business’s revenue for the quarter was up 34.0% on a year-over-year basis. On average, sell-side analysts predict that DoorDash, Inc. will post 2.68 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

DASH has been the topic of several research reports. The Goldman Sachs Group reduced their price objective on DoorDash from $280.00 to $275.00 in a report on Thursday, August 6th. Needham & Company LLC dropped their price target on DoorDash from $265.00 to $235.00 and set a “buy” rating on the stock in a research report on Friday, October 30th. Weiss Ratings reissued a “hold (c)” rating on shares of DoorDash in a research report on Wednesday, November 4th. Benchmark lifted their price objective on DoorDash from $270.00 to $295.00 in a report on Thursday, August 6th. Finally, Roth Capital lifted their price objective on DoorDash from $200.00 to $220.00 and gave the company a “neutral” rating in a report on Monday, August 10th. One research analyst has rated the stock with a Strong Buy rating, thirty-one have issued a Buy rating and ten have given a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $249.39.

Key Stories Impacting DoorDash

Here are the key news stories impacting DoorDash this week:

• Positive Sentiment: A new Lyft partnership is presented as a potential source of value for DoorDash, and one analysis argues the stock may be undervalued. Any benefit will depend on how the partnership translates into business results. Article: Is DoorDash Undervalued Following Its New Lyft Partnership?
• Positive Sentiment: An opinion article pushes back on claims that AI agents pose an existential threat to DoorDash, potentially easing concerns that automated ordering could disrupt its marketplace. It is commentary, not new company guidance. Article: AI Agents Are an Existential Risk to DoorDash? Seriously? I’ll Take the Under
• Neutral Sentiment: Instacart reportedly cited competition from Walmart and Amazon in arguing that its proposed merger with DoorDash should be approved. The argument highlights the competitive landscape, but the article does not establish that regulators have approved the deal. Article: Instacart Points to Walmart and Amazon as Reasons Its Merger with DoorDash Should Be Approved
• Neutral Sentiment: Reports about a missing DoorDash driver and a separate driver charged in a hit-and-run have drawn attention, but the stories describe individual incidents and do not report a company-wide operational or financial impact. Article: DoorDash Driver Disappeared After Making One Final Delivery Article: DoorDash Hit-and-Run Driver Charged
• Negative Sentiment: Coverage says some shareholders doubt DoorDash can compete effectively with Amazon, while Amazon’s deal with Uber Eats adds to competitive concerns. This may weigh on sentiment around DoorDash’s growth prospects. Article: DoorDash Shareholders Aren’t Convinced the Company Can Take On Amazon
• Negative Sentiment: Uber is asking an appeals court to keep a DoorDash-related case out of arbitration. The dispute adds legal uncertainty, though the headline alone does not indicate the likely outcome or financial exposure. Article: Uber Asks Appeals Court to Keep DoorDash Case Out of Arbitration

Insider Activity

In other DoorDash news, CFO Ravi Inukonda sold 1,017 shares of DoorDash stock in a transaction dated Monday, October 12th. The stock was sold at an average price of $195.00, for a total value of $198,315.00. Following the transaction, the chief financial officer owned 217,911 shares in the company, valued at $42,492,645. The trade was a 0.46% decrease in their ownership of the stock. The transaction was disclosed in a document filed 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, COO Keith Yandell sold 2,183 shares of the business’s stock in a transaction dated Thursday, October 1st. The stock was sold at an average price of $183.69, for a total transaction of $400,995.27. Following the completion of the transaction, the chief operating officer owned 118,505 shares of the company’s stock, valued at $21,768,183.45. This represents a 1.81% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 349,430 shares of company stock worth $76,644,002 over the last ninety days. 44.90% of the stock is currently owned by corporate insiders.

DoorDash Profile

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.