State of New Jersey Common Pension Fund D Buys 4,735 Shares of DoorDash, Inc. $DASH

State of New Jersey Common Pension Fund D boosted its stake in DoorDash, Inc. (NASDAQ:DASH) by 3.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 131,507 shares of the company’s stock after acquiring an additional 4,735 shares during the period. State of New Jersey Common Pension Fund D’s holdings in DoorDash were worth $29,784,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in DASH. Brighton Jones LLC boosted its holdings in DoorDash by 24.0% in the fourth quarter. Brighton Jones LLC now owns 9,336 shares of the company’s stock valued at $1,566,000 after acquiring an additional 1,807 shares in the last quarter. Integrated Wealth Concepts LLC lifted its position in DoorDash by 21.5% during the first quarter. Integrated Wealth Concepts LLC now owns 1,715 shares of the company’s stock valued at $314,000 after buying an additional 303 shares during the period. Empowered Funds LLC lifted its position in DoorDash by 3.6% during the first quarter. Empowered Funds LLC now owns 8,130 shares of the company’s stock valued at $1,486,000 after buying an additional 285 shares during the period. Sivia Capital Partners LLC lifted its position in DoorDash by 92.9% during the second quarter. Sivia Capital Partners LLC now owns 4,255 shares of the company’s stock valued at $1,049,000 after buying an additional 2,049 shares during the period. Finally, Baird Financial Group Inc. purchased a new position in DoorDash during the second quarter valued at $222,000. Institutional investors own 90.64% of the company’s stock.

Key Stories Impacting DoorDash

Here are the key news stories impacting DoorDash this week:

• Positive Sentiment: Rally House, a national sports and local-merch retailer, launched on DoorDash — expands DoorDash’s retail/merch marketplace and could boost non-restaurant Gross Transaction Value and delivery revenue. Rally House Launches on DoorDash
• Positive Sentiment: Hedge fund activity: Stephen Mandel’s Lone Pine reportedly opened/added a position in DoorDash — institutional buying can signal conviction and provide upside support to the shares. Stephen Mandel Opens New Position in DoorDash
• Neutral Sentiment: Analysts and previews remain mixed ahead of the next quarter: Zacks highlights expectations for a potential earnings decline and says DoorDash lacks key ingredients for a reliable beat — adds caution but is pre‑earnings commentary, not a company update. Analysts Estimate DoorDash to Report a Decline in Earnings
• Negative Sentiment: Service reliability hit: Downdetector and user reports say DoorDash experienced an outage affecting thousands — app downtime can transiently reduce orders and hurt user confidence. DoorDash Down for Thousands of Users
• Negative Sentiment: Driver safety incident: a delivery driver was killed in a head-on crash while on a DoorDash delivery — negative PR and safety concerns can increase regulatory and insurance scrutiny. 34-year-old man killed in head-on crash while delivering DoorDash
• Negative Sentiment: Merchant pushback: a story about a restaurant leaving DoorDash after paying ~$188K in delivery fees underscores ongoing friction with restaurants over economics — could pressure GTV or force fee adjustments. Restaurant Owner Ditches DoorDash Over Fees

DoorDash Price Performance

DASH opened at $168.65 on Friday. The stock has a 50-day moving average price of $167.00 and a 200-day moving average price of $200.10. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.41 and a quick ratio of 1.41. The firm has a market cap of $73.27 billion, a PE ratio of 79.55 and a beta of 1.93. DoorDash, Inc. has a 1 year low of $143.30 and a 1 year high of $285.50.

DoorDash (NASDAQ:DASH) last posted 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). The company had revenue of $3.96 billion during the quarter, compared to analysts’ expectations of $3.98 billion. DoorDash had a return on equity of 10.15% and a net margin of 6.82%.DoorDash’s revenue for the quarter was up 37.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.33 EPS. Sell-side analysts predict that DoorDash, Inc. will post 2.51 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

DASH has been the subject of several recent research reports. Weiss Ratings lowered DoorDash from a “hold (c)” rating to a “hold (c-)” rating in a research report on Wednesday. Citigroup lowered their price objective on DoorDash from $283.00 to $280.00 and set a “buy” rating for the company in a research report on Friday, February 20th. Oppenheimer lowered their price objective 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 reissued a “neutral” rating and set a $200.00 price objective on shares of DoorDash in a research report on Thursday, February 19th. Finally, Citizens Jmp lowered their price objective on DoorDash from $285.00 to $250.00 and set a “market outperform” rating for the company in a research report on Friday, February 20th. Two analysts have rated the stock with a Strong Buy rating, twenty-five have assigned a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, DoorDash presently has a consensus rating of “Moderate Buy” and a consensus price target of $260.29.

Insider Transactions at DoorDash

In other news, COO Prabir Adarkar sold 10,000 shares of DoorDash stock in a transaction dated 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 owned 843,678 shares of the company’s stock, valued at $158,898,314.52. The trade was a 1.17% decrease in their position. The transaction was disclosed in a document filed 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, 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 completion of the transaction, the director directly owned 31,002 shares of the company’s stock, valued at approximately $5,475,263.22. This represents a 3.88% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 89,406 shares of company stock valued at $16,639,624 in the last quarter. 5.83% of the stock is owned by insiders.

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.