TenCore Partners LP Decreases Position in DoorDash, Inc. $DASH

TenCore Partners LP decreased its position in shares of DoorDash, Inc. (NASDAQ:DASH) by 9.2% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 68,854 shares of the company’s stock after selling 7,000 shares during the period. DoorDash comprises 8.3% of TenCore Partners LP’s portfolio, making the stock its 5th biggest position. TenCore Partners LP’s holdings in DoorDash were worth $18,728,000 at the end of the most recent reporting period.

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

Insider Transactions at DoorDash

In related news, Director Stanley Tang sold 45,410 shares of the firm’s stock in a transaction on Friday, January 2nd. The shares were sold at an average price of $222.53, for a total value of $10,105,087.30. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Tony Xu sold 288,410 shares of the company’s stock in a transaction on Thursday, November 20th. The stock was sold at an average price of $196.04, for a total transaction of $56,539,896.40. Following the sale, the chief executive officer directly owned 232,040 shares in the company, valued at $45,489,121.60. This trade represents a 55.42% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders sold 602,885 shares of company stock valued at $124,282,480. 5.83% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of analysts recently commented on the company. Royal Bank Of Canada lowered their price objective on DoorDash from $300.00 to $270.00 and set an “outperform” rating for the company in a research report on Thursday, November 6th. JPMorgan Chase & Co. cut their price objective on shares of DoorDash from $325.00 to $300.00 and set an “overweight” rating on the stock in a report on Thursday, November 6th. Stifel Nicolaus reduced their price objective on shares of DoorDash from $253.00 to $224.00 and set a “hold” rating on the stock in a research note on Tuesday, January 27th. Wells Fargo & Company upped their target price on shares of DoorDash from $239.00 to $251.00 and gave the company an “equal weight” rating in a research report on Thursday, January 8th. Finally, Wolfe Research set a $270.00 price objective on DoorDash in a research note on Monday, January 5th. One analyst has rated the stock with a Strong Buy rating, twenty-six have given a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, DoorDash has an average rating of “Moderate Buy” and a consensus price target of $279.09.

Key DoorDash News

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 Trading Down 0.8%

NASDAQ DASH opened at $182.47 on Friday. DoorDash, Inc. has a 52 week low of $155.40 and a 52 week high of $285.50. The company has a debt-to-equity ratio of 0.29, a quick ratio of 2.04 and a current ratio of 2.04. The stock’s 50 day moving average price is $217.70 and its two-hundred day moving average price is $236.49. The stock has a market capitalization of $78.64 billion, a price-to-earnings ratio of 92.62 and a beta of 1.77.

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