PNC Financial Services Group Inc. Purchases 4,152 Shares of DoorDash, Inc. $DASH

PNC Financial Services Group Inc. raised its position in shares of DoorDash, Inc. (NASDAQ:DASH) by 8.6% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 52,527 shares of the company’s stock after purchasing an additional 4,152 shares during the quarter. PNC Financial Services Group Inc.’s holdings in DoorDash were worth $11,896,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in the company. Premier Path Wealth Partners LLC grew its stake in shares of DoorDash by 1.9% during the 3rd quarter. Premier Path Wealth Partners LLC now owns 2,414 shares of the company’s stock valued at $657,000 after purchasing an additional 45 shares during the period. Callan Family Office LLC grew its stake in shares of DoorDash by 0.8% during the 3rd quarter. Callan Family Office LLC now owns 6,123 shares of the company’s stock valued at $1,665,000 after purchasing an additional 51 shares during the period. Keel Point LLC grew its stake in shares of DoorDash by 4.3% during the 3rd quarter. Keel Point LLC now owns 1,393 shares of the company’s stock valued at $379,000 after purchasing an additional 58 shares during the period. Petra Financial Advisors Inc. grew its stake in shares of DoorDash by 2.2% during the 3rd quarter. Petra Financial Advisors Inc. now owns 2,764 shares of the company’s stock valued at $752,000 after purchasing an additional 59 shares during the period. Finally, Mission Wealth Management LP grew its stake in shares of DoorDash by 5.2% during the 3rd quarter. Mission Wealth Management LP now owns 1,241 shares of the company’s stock valued at $338,000 after purchasing an additional 61 shares during the period. 90.64% of the stock is currently owned by institutional investors.

DoorDash News Roundup

Here are the key news stories impacting DoorDash this week:

• Positive Sentiment: Reuters reported that Uber and DoorDash have held exploratory talks with investors in Delivery Hero ahead of a possible takeover bid, which could signal strategic expansion opportunities and optionality for DASH shareholders. Uber and DoorDash sound out investors for Delivery Hero bid, FT reports
• Positive Sentiment: Goldman Sachs has reportedly kept DoorDash on its U.S. Conviction List, arguing the company is well positioned for growth into 2026, which may help support investor confidence in the stock. How DoorDash (DASH) Is Turning Platform Growth Into a Conviction-List Case
• Neutral Sentiment: DoorDash increased its lobbying efforts around labor and benefits-related legislation, including spending on a bill that would limit employee benefits for drivers. This may matter strategically, but the immediate stock impact is unclear. DoorDash spent a whopping $2M lobbying for bill banning employee benefits for drivers
• Neutral Sentiment: Politico reported that DoorDash is stepping up its lobbying game, underscoring ongoing regulatory and policy engagement rather than a direct business catalyst. DoorDash steps up its lobbying game
• Negative Sentiment: Several crime-related reports involving DoorDash drivers, including deaths and shootings, may reinforce safety and brand-risk concerns for the platform, adding to negative public relations pressure on DASH. Michigan man dies months after alleged attack by DoorDash driver

DoorDash Trading Up 0.6%

Shares of NASDAQ:DASH opened at $160.25 on Friday. The stock has a 50 day moving average of $162.96 and a 200 day moving average of $189.64. The company has a market cap of $69.82 billion, a PE ratio of 76.31 and a beta of 1.87. The company has a current ratio of 1.43, a quick ratio of 1.43 and a debt-to-equity ratio of 0.27. DoorDash, Inc. has a 12-month low of $143.30 and a 12-month high of $285.50.

DoorDash (NASDAQ:DASH) last announced its quarterly earnings data on Wednesday, May 6th. The company reported $0.42 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.36 by $0.06. The company had revenue of $4.04 billion during the quarter, compared to the consensus estimate of $4.15 billion. DoorDash had a return on equity of 9.58% and a net margin of 6.29%.The firm’s revenue was up 33.1% on a year-over-year basis. During the same period in the previous year, the company posted $0.44 EPS. As a group, equities research analysts expect that DoorDash, Inc. will post 2.45 EPS for the current year.

Insider Buying and Selling

In related news, Director Shona L. Brown sold 1,250 shares of the business’s stock in a transaction that occurred on Monday, March 9th. The stock was sold at an average price of $176.61, for a total value of $220,762.50. Following the transaction, the director directly owned 31,002 shares of the company’s stock, valued at approximately $5,475,263.22. The trade was a 3.88% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, COO Prabir Adarkar sold 10,000 shares of the business’s stock in a transaction that occurred on Monday, April 20th. The stock was sold at an average price of $188.34, for a total value of $1,883,400.00. Following the completion of the transaction, the chief operating officer directly owned 843,678 shares in the company, valued at approximately $158,898,314.52. This represents a 1.17% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders have sold 42,683 shares of company stock valued at $6,908,813. Corporate insiders own 5.83% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have issued reports on DASH. Evercore set a $300.00 price target on DoorDash in a research note on Thursday, February 19th. TD Cowen began coverage on DoorDash in a research note on Monday, April 27th. They set a “buy” rating and a $225.00 price objective for the company. UBS Group boosted their price objective on DoorDash from $206.00 to $214.00 and gave the company a “neutral” rating in a research note on Thursday, May 7th. Stifel Nicolaus cut their price objective on DoorDash from $215.00 to $185.00 and set a “hold” rating for the company in a research note on Monday, April 13th. Finally, Citizens Jmp cut their price objective on DoorDash from $285.00 to $250.00 and set a “market outperform” rating for the company in a research note on Friday, February 20th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-five have assigned a Buy rating and nine have given a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $259.58.

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.