DoorDash, Inc. $DASH Shares Bought by Western Financial Corp CA

Western Financial Corp CA grew its holdings in shares of DoorDash, Inc. (NASDAQ:DASH) by 447.3% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 6,557 shares of the company’s stock after acquiring an additional 5,359 shares during the period. Western Financial Corp CA’s holdings in DoorDash were worth $1,204,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Janus Henderson Group PLC lifted its stake in DoorDash by 40.2% in the first quarter. Janus Henderson Group PLC now owns 7,762,553 shares of the company’s stock valued at $1,159,377,000 after buying an additional 2,225,954 shares during the last quarter. Temasek Holdings Private Ltd grew its position in DoorDash by 49.4% during the 1st quarter. Temasek Holdings Private Ltd now owns 3,461,501 shares of the company’s stock worth $519,744,000 after purchasing an additional 1,145,078 shares in the last quarter. Assenagon Asset Management S.A. boosted its stake in shares of DoorDash by 137.6% during the 1st quarter. Assenagon Asset Management S.A. now owns 1,528,218 shares of the company’s stock valued at $229,462,000 after buying an additional 885,122 shares during the period. Nykredit A S acquired a new stake in shares of DoorDash in the 2nd quarter valued at $121,724,000. Finally, Amundi lifted its position in shares of DoorDash by 31.1% in the 1st quarter. Amundi now owns 2,315,722 shares of the company’s stock worth $347,706,000 after acquiring an additional 549,387 shares during the period. 90.64% of the stock is currently owned by hedge funds and other institutional investors.

Key Headlines Impacting DoorDash

Here are the key news stories impacting DoorDash this week:

• Positive Sentiment: Investors purchased 35,208 DASH call options on Wednesday, 256% above the typical volume of 9,896 contracts. The activity suggests increased speculative interest in a potential rebound, although options flows can be volatile and do not guarantee a stock-price increase.
• Positive Sentiment: DoorDash expanded its Australian delivery footprint into Geraldton, Kalgoorlie and Horsham, supporting the company’s regional growth strategy. DoorDash Moves To Geraldton, Kalgoorlie & Horsham Amid Regional Push
• Positive Sentiment: Big W, a major Australian retailer, joined DoorDash, potentially broadening the platform’s nonrestaurant delivery volume as demand for fast delivery grows. Big W joins DoorDash in major shake-up to Australia’s discount retail delivery
• Positive Sentiment: A new SKIMS and DoorDash partnership promotes on-demand apparel delivery and raises brand visibility beyond food delivery. The commercial value is uncertain, but the arrangement supports DoorDash’s broader retail ambitions. Kim Kardashian Endorses On-Demand Apparel Delivery With New Skims x DoorDash Partnership and Ad Spot
• Neutral Sentiment: CFO Ravi Inukonda sold 1,017 shares for approximately $198,315 under a pre-arranged Rule 10b5-1 plan. The sale reduced his holdings by just 0.46%; he still directly owns 217,911 shares, limiting the signal’s significance.
• Neutral Sentiment: Recent coverage highlighting DoorDash’s top pizzerias and a driver road-rage incident is unlikely to materially affect revenue or valuation. DoorDash names its top pizzerias in US DoorDash worker speaks out after road rage attack

Wall Street Analyst Weigh In

DASH has been the subject of a number of research reports. Cantor Fitzgerald lowered their target price on DoorDash from $260.00 to $240.00 and set an “overweight” rating for the company in a research note on Monday. Loop Capital upped their price objective on DoorDash from $225.00 to $280.00 and gave the stock a “buy” rating in a research report on Tuesday, September 22nd. Argus increased their price target on shares of DoorDash from $190.00 to $270.00 in a research note on Thursday, August 27th. Jefferies Financial Group upped their target price on DoorDash from $225.00 to $250.00 and gave the company a “buy” rating in a research report on Tuesday, August 11th. Finally, Roth Capital boosted their price target on DoorDash from $200.00 to $220.00 and gave the company a “neutral” rating in a research note on Monday, August 10th. Two analysts have rated the stock with a Strong Buy rating, thirty-one have issued a Buy rating, eight have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $254.95.

Insiders Place Their Bets

In related news, Director Andy Fang sold 15,000 shares of DoorDash stock in a transaction dated Tuesday, September 1st. The shares were sold at an average price of $228.31, for a total transaction of $3,424,650.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Ravi Inukonda sold 19,505 shares of the business’s stock in a transaction that occurred on Thursday, August 20th. The stock was sold at an average price of $220.62, for a total value of $4,303,193.10. Following the completion of the sale, the chief financial officer directly owned 232,938 shares in the company, valued at approximately $51,390,781.56. This represents a 7.73% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold 393,998 shares of company stock valued at $85,861,330 in the last 90 days. Corporate insiders own 44.90% of the company’s stock.

DoorDash Stock Performance

Shares of NASDAQ DASH traded down $9.08 during mid-day trading on Wednesday, reaching $184.01. 3,922,551 shares of the company’s stock were exchanged, compared to its average volume of 4,613,463. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.37 and a quick ratio of 1.37. The firm has a market capitalization of $79.73 billion, a price-to-earnings ratio of 96.34 and a beta of 1.90. DoorDash, Inc. has a 52 week low of $143.30 and a 52 week high of $285.50. The firm has a 50-day moving average price of $206.24 and a two-hundred day moving average price of $183.34.

DoorDash (NASDAQ:DASH) last released its quarterly earnings data on Wednesday, August 5th. The company reported $0.46 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.47 by ($0.01). The company had revenue of $4.45 billion for the quarter, compared to the consensus estimate of $4.34 billion. DoorDash had a net margin of 5.29% and a return on equity of 8.48%. The business’s revenue for the quarter was up 35.6% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.65 earnings per share. Analysts predict that DoorDash, Inc. will post 2.51 EPS for the current year.

DoorDash Profile

DoorDash, Inc is a technology company that operates a local commerce platform connecting consumers with restaurants, grocery stores, convenience retailers and other merchants. Through its DoorDash app and website, customers can discover businesses, place orders for delivery or pickup, and access related services. The company also provides merchants with tools for online ordering, logistics, customer engagement, advertising and business analytics.

DoorDash generates additional activity through subscription programs such as DashPass, which provides participating customers with delivery-related benefits, and through its logistics and commerce solutions for merchants.