Primecap Management Co. CA Trims Stock Position in DoorDash, Inc. $DASH

Primecap Management Co. CA trimmed its stake in shares of DoorDash, Inc. (NASDAQ:DASH) by 3.0% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 124,640 shares of the company’s stock after selling 3,920 shares during the quarter. Primecap Management Co. CA’s holdings in DoorDash were worth $33,901,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Norges Bank purchased a new stake in shares of DoorDash during the second quarter worth approximately $1,185,576,000. Vanguard Group Inc. increased its stake in DoorDash by 4.6% in the 2nd quarter. Vanguard Group Inc. now owns 41,190,085 shares of the company’s stock valued at $10,153,768,000 after buying an additional 1,792,799 shares during the period. Scge Management L.P. purchased a new position in DoorDash during the 2nd quarter worth $267,463,000. Ninety One UK Ltd acquired a new stake in shares of DoorDash in the 3rd quarter worth $259,154,000. Finally, AQR Capital Management LLC lifted its stake in shares of DoorDash by 43.5% in the 2nd quarter. AQR Capital Management LLC now owns 2,633,971 shares of the company’s stock worth $643,084,000 after acquiring an additional 797,849 shares during the period. 90.64% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at DoorDash

In other news, CEO Tony Xu sold 16,667 shares of the firm’s stock in a transaction that occurred on Thursday, December 18th. The shares were sold at an average price of $230.00, for a total transaction of $3,833,410.00. Following the completion of the transaction, the chief executive officer directly owned 1,500 shares of the company’s stock, valued at $345,000. This trade represents a 91.74% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Andy Fang sold 30,000 shares of DoorDash stock in a transaction that occurred on Friday, January 2nd. The stock was sold at an average price of $222.52, for a total value of $6,675,600.00. The disclosure for this sale is available in the SEC filing. In the last three months, insiders have sold 291,236 shares of company stock worth $63,380,925. 5.83% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on DASH shares. BNP Paribas Exane started coverage on shares of DoorDash in a research note on Wednesday, January 14th. They set an “outperform” rating and a $280.00 price target on the stock. BTIG Research reaffirmed a “buy” rating and issued a $315.00 price objective on shares of DoorDash in a report on Thursday, November 6th. Guggenheim dropped their target price on DoorDash from $275.00 to $255.00 and set a “buy” rating on the stock in a research report on Thursday, February 19th. Bank of America raised their price target on DoorDash from $260.00 to $272.00 and gave the company a “buy” rating in a report on Thursday, February 19th. Finally, Jefferies Financial Group lifted their price target on DoorDash from $260.00 to $270.00 and gave the company a “buy” rating in a research note on Thursday, December 11th. One investment analyst has rated the stock with a Strong Buy rating, twenty-six have issued a Buy rating and nine have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $264.74.

Key DoorDash News

Here are the key news stories impacting DoorDash this week:

• Positive Sentiment: Analysts continue to call DoorDash a core holding for internet investors, highlighting durable market share, strong consumer engagement and long-term monetization opportunities—supporting investor confidence. Why analysts see DoorDash as a ‘core holding’ for internet investors
• Positive Sentiment: Integration with Google’s Gemini (natural-language task automation) that can now order rides and DoorDash meals may increase ordering convenience and conversion over time—a constructive product-level catalyst. Gemini Can Now Book You an Uber or Order a DoorDash Meal on Your Phone. Here’s How It Works
• Positive Sentiment: DoorDash’s push into restaurant reservations (competing with Resy/OpenTable) represents a new engagement and revenue vector if it can monetize bookings and deepen restaurant relationships. Restaurant reservation wars heat up as DoorDash enters the arena with Resy, OpenTable
• Neutral Sentiment: Consumer lifestyle coverage (e.g., date-night features) keeps the brand visible but is unlikely to move near-term fundamentals. Spending date night at home? DoorDash has couples covered for a romantic night to remember
• Negative Sentiment: DoorDash announced it will wind down Deliveroo/Wolt operations in Qatar, Singapore, Japan and Uzbekistan to refocus on core markets. While this should cut losses in weak markets, it removes near‑term revenue and raised concerns about international execution—a clear reason for the stock’s volatility. DoorDash to Wind Down Deliveroo and Wolt Operations in Four Countries DoorDash exits 4 markets, including Japan, to focus on growth elsewhere DoorDash to Wind Down Deliveroo, Wolt Operations in Four Countries
• Negative Sentiment: An analyst downgrade after the exits caused shares to gap down earlier in the week, amplifying intraday volatility and prompting technical-sellers to step in. DoorDash (NASDAQ:DASH) Shares Gap Down Following Analyst Downgrade
• Negative Sentiment: Technical analysts flagged downside risk after the stock broke key levels amid the market exits—short-term technical pressure could add to selling if momentum weakens. DoorDash stock: technicals point to a dive as it exits key markets

DoorDash Stock Up 4.2%

DoorDash stock opened at $180.41 on Friday. DoorDash, Inc. has a fifty-two week low of $155.40 and a fifty-two week high of $285.50. The firm has a market capitalization of $77.76 billion, a price-to-earnings ratio of 85.10 and a beta of 1.77. The stock’s fifty day moving average is $203.18 and its two-hundred day moving average is $228.77. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.41 and a current ratio of 1.41.

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

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.