K.J. Harrison & Partners Inc Lowers Position in DoorDash, Inc. $DASH

K.J. Harrison & Partners Inc decreased its position in shares of DoorDash, Inc. (NASDAQ:DASH) by 50.0% during the third quarter, Holdings Channel.com reports. The firm owned 4,005 shares of the company’s stock after selling 4,005 shares during the period. K.J. Harrison & Partners Inc’s holdings in DoorDash were worth $1,082,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently made changes to their positions in the company. Vanguard Group Inc. raised its position in shares of DoorDash by 3.7% in the third quarter. Vanguard Group Inc. now owns 42,712,908 shares of the company’s stock worth $11,617,484,000 after acquiring an additional 1,522,823 shares during the period. State Street Corp raised its holdings in DoorDash by 3.1% in the 2nd quarter. State Street Corp now owns 14,387,499 shares of the company’s stock worth $3,546,662,000 after purchasing an additional 427,722 shares during the period. Geode Capital Management LLC boosted its position in DoorDash by 2.9% during the second quarter. Geode Capital Management LLC now owns 7,951,230 shares of the company’s stock worth $1,950,711,000 after purchasing an additional 223,188 shares in the last quarter. Invesco Ltd. grew its holdings in DoorDash by 12.0% in the second quarter. Invesco Ltd. now owns 5,375,480 shares of the company’s stock valued at $1,325,110,000 after purchasing an additional 575,629 shares during the period. Finally, Norges Bank purchased a new stake in shares of DoorDash in the second quarter valued at approximately $1,185,576,000. 90.64% of the stock is currently owned by institutional investors and hedge funds.

Key DoorDash News

Here are the key news stories impacting DoorDash this week:

• Positive Sentiment: Google’s Gemini can now book rides or place DoorDash orders from a phone — this expands frictionless ordering and discovery across Android users, potentially increasing order frequency and new-customer acquisition. Gemini Can Now Book You an Uber or Order a DoorDash Meal on Your Phone. Here’s How It Works
• Positive Sentiment: DoorDash is pushing into restaurant reservations (competing with Resy and OpenTable), which can deepen restaurant relationships, create new booking/commission revenue, and cross-sell delivery/ordering services. This product expansion supports longer-term ARPU upside. Restaurant reservation wars heat up as DoorDash enters the arena with Resy, OpenTable
• Neutral Sentiment: Consumer PR/marketing pieces (e.g., date-night promotions) highlight ongoing brand engagement and marketing activity but are unlikely to move top-line materially in the near term. Spending date night at home? DoorDash has couples covered for a romantic night to remember
• Negative Sentiment: DoorDash will wind down Deliveroo and Wolt operations in four countries (Qatar, Singapore, Japan, Uzbekistan) after a multi-month review — this reduces international footprint and near-term revenue exposure in those markets, though management frames it as a refocus on higher-return geographies. DoorDash to Wind Down Deliveroo and Wolt Operations in Four Countries
• Negative Sentiment: Market reaction and an analyst downgrade followed the exits, with shares gapping down as investors price in near-term revenue loss and execution risk from withdrawing markets. Expect continued volatility while management outlines the financial impact and redeployment of capital. DoorDash (NASDAQ:DASH) Shares Gap Down Following Analyst Downgrade

DoorDash Trading Up 5.3%

Shares of DoorDash stock opened at $173.06 on Thursday. DoorDash, Inc. has a 1-year low of $155.40 and a 1-year high of $285.50. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.41 and a quick ratio of 1.41. The stock has a market cap of $74.59 billion, a P/E ratio of 81.63 and a beta of 1.77. The stock’s 50 day simple moving average is $204.19 and its 200-day simple moving average is $229.11.

DoorDash (NASDAQ:DASH) last released its quarterly earnings data on Wednesday, February 18th. The company reported $0.48 earnings per share for the quarter, missing analysts’ consensus estimates of $0.58 by ($0.10). The company had revenue of $3.96 billion for the quarter, compared to analyst estimates of $3.98 billion. DoorDash had a return on equity of 10.15% and a net margin of 6.82%.The business’s quarterly revenue was up 37.7% on a year-over-year basis. During the same period last year, the firm posted $0.33 EPS. Analysts predict that DoorDash, Inc. will post 2.22 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

DASH has been the topic of a number of recent analyst reports. Bank of America increased their target price on DoorDash from $260.00 to $272.00 and gave the company a “buy” rating in a research report on Thursday, February 19th. Jefferies Financial Group increased their price objective on shares of DoorDash from $260.00 to $270.00 and gave the company a “buy” rating in a report on Thursday, December 11th. Wells Fargo & Company cut their target price on shares of DoorDash from $251.00 to $221.00 and set an “equal weight” rating for the company in a research note on Thursday, February 19th. Argus reduced their price target on shares of DoorDash from $275.00 to $260.00 and set a “buy” rating for the company in a research report on Friday, December 12th. Finally, Benchmark lifted their price objective on DoorDash from $280.00 to $285.00 and gave the stock a “buy” rating in a report on Thursday, February 19th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-six have assigned a Buy rating and nine have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $264.74.

Insider Transactions at DoorDash

In other news, Director Shona L. Brown sold 1,250 shares of the firm’s stock in a transaction that occurred on Monday, February 9th. The shares were sold at an average price of $181.28, for a total transaction of $226,600.00. Following the completion of the sale, the director owned 32,252 shares in the company, valued at $5,846,642.56. This trade represents a 3.73% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Stanley Tang sold 45,410 shares of the company’s stock in a transaction that occurred on Monday, February 2nd. The shares were sold at an average price of $209.01, for a total value of $9,491,144.10. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 291,236 shares of company stock valued at $63,380,925 in the last three months. 5.83% of the stock is currently owned by corporate insiders.

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.