Thrivent Financial for Lutherans Sells 113,742 Shares of DoorDash, Inc. $DASH

Thrivent Financial for Lutherans cut its stake in DoorDash, Inc. (NASDAQ:DASH) by 15.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 636,278 shares of the company’s stock after selling 113,742 shares during the quarter. Thrivent Financial for Lutherans’ holdings in DoorDash were worth $144,104,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of DASH. American Century Companies Inc. lifted its position in shares of DoorDash by 5.0% during the third quarter. American Century Companies Inc. now owns 485,088 shares of the company’s stock worth $131,941,000 after purchasing an additional 22,944 shares during the last quarter. Caprock Group LLC bought a new stake in shares of DoorDash during the third quarter worth $3,169,000. Vaughan Nelson Investment Management L.P. bought a new stake in shares of DoorDash during the fourth quarter worth $41,712,000. Mitsubishi UFJ Asset Management Co. Ltd. lifted its position in shares of DoorDash by 7.1% during the third quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 806,191 shares of the company’s stock worth $219,276,000 after purchasing an additional 53,722 shares during the last quarter. Finally, Jefferies Financial Group Inc. lifted its position in shares of DoorDash by 136.6% during the third quarter. Jefferies Financial Group Inc. now owns 42,355 shares of the company’s stock worth $11,520,000 after purchasing an additional 24,454 shares during the last quarter. 90.64% of the stock is currently owned by institutional investors.

Trending Headlines about DoorDash

Here are the key news stories impacting DoorDash this week:

• Positive Sentiment: DoorDash was upgraded by Zacks Research from “strong sell” to “hold,” which can improve sentiment by signaling less downside risk than before.
• Positive Sentiment: Urban Outfitters launched on DoorDash through a new nationwide partnership, expanding DASH’s on-demand retail offering and reinforcing its push beyond restaurant delivery into broader local commerce. Urban Outfitters and DoorDash Partner to Bring On-Demand Style to Gen Z
• Positive Sentiment: An analyst said DoorDash could pose a disruption risk to payments firms, suggesting the company’s platform may have growing influence across the broader commerce and payments ecosystem.
• Positive Sentiment: Recent coverage highlighted that DoorDash stock is up, likely reflecting investor relief after the company posted strong Q1 growth and continued to show expansion in revenue and usage trends.
• Neutral Sentiment: Several news items about driver safety incidents and a separate report about a DoorDash executive’s cruise have little direct fundamental impact on the company’s operating outlook, though they may add headline risk.
• Negative Sentiment: DoorDash recently trimmed its margin outlook despite strong first-quarter growth, which could temper enthusiasm if investors focus more on profitability than revenue expansion. DoorDash posts strong Q1 growth but trims margin outlook

Insider Buying and Selling at DoorDash

In other DoorDash news, Director Shona L. Brown sold 1,250 shares of DoorDash stock in a transaction dated 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 owned 31,002 shares in the company, valued at $5,475,263.22. The trade was a 3.88% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Stanley Tang sold 21,433 shares of DoorDash stock in a transaction dated Thursday, April 2nd. The shares were sold at an average price of $150.00, for a total value of $3,214,950.00. Following the completion of the transaction, the director owned 19,279 shares in the company, valued at $2,891,850. This trade represents a 52.65% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 42,683 shares of company stock worth $6,908,813 over the last quarter. Insiders own 5.83% of the company’s stock.

DoorDash Stock Performance

Shares of DoorDash stock opened at $153.70 on Friday. The firm has a market cap of $66.77 billion, a P/E ratio of 73.19 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. The stock’s fifty day moving average price is $164.95 and its 200-day moving average price is $193.39.

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

Analysts Set New Price Targets

Several analysts have recently weighed in on DASH shares. Piper Sandler decreased their target price on DoorDash from $220.00 to $205.00 and set a “neutral” rating for the company in a research report on Thursday, May 7th. Moffett Nathanson set a $276.00 target price on DoorDash in a research report on Wednesday, April 15th. Oppenheimer decreased their target price on DoorDash from $280.00 to $235.00 and set an “outperform” rating for the company in a research report on Thursday, February 19th. Roth Mkm restated a “neutral” rating and set a $200.00 price target on shares of DoorDash in a research note on Thursday, February 19th. Finally, Truist Financial cut their price target on DoorDash from $340.00 to $330.00 and set a “buy” rating on the stock in a research note on Thursday, May 7th. Two 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 stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average 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.