Mirae Asset Global Investments Co. Ltd. Makes New $57.43 Million Investment in DoorDash, Inc. $DASH

Mirae Asset Global Investments Co. Ltd. acquired a new position in DoorDash, Inc. (NASDAQ:DASH) during the third quarter, Holdings Channel.com reports. The firm acquired 312,867 shares of the company’s stock, valued at approximately $57,427,000.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Activest Wealth Management lifted its stake in shares of DoorDash by 892.9% in the third quarter. Activest Wealth Management now owns 139 shares of the company’s stock worth $26,000 after acquiring an additional 125 shares in the last quarter. Washington Trust Advisors Inc. grew its stake in DoorDash by 81.0% during the 2nd quarter. Washington Trust Advisors Inc. now owns 143 shares of the company’s stock valued at $26,000 after purchasing an additional 64 shares in the last quarter. City State Bank increased its holdings in DoorDash by 56.0% during the 3rd quarter. City State Bank now owns 156 shares of the company’s stock worth $29,000 after purchasing an additional 56 shares during the last quarter. Clark Wealth Partners increased its holdings in DoorDash by 833.3% during the 3rd quarter. Clark Wealth Partners now owns 196 shares of the company’s stock worth $36,000 after purchasing an additional 175 shares during the last quarter. Finally, Ascentis Independent Advisors purchased a new stake in DoorDash during the 1st quarter worth approximately $55,000. Institutional investors and hedge funds own 90.64% of the company’s stock.

Insider Buying and Selling

In other news, COO Keith Yandell sold 2,183 shares of the company’s stock in a transaction on Thursday, October 1st. The stock was sold at an average price of $183.69, for a total value of $400,995.27. Following the completion of the sale, the chief operating officer owned 118,505 shares in the company, valued at $21,768,183.45. This represents a 1.81% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, COO Prabir Adarkar sold 8,738 shares of the firm’s stock in a transaction dated Monday, September 28th. The shares were sold at an average price of $180.85, for a total value of $1,580,267.30. Following the transaction, the chief operating officer directly owned 921,473 shares of the company’s stock, valued at $166,648,392.05. This represents a 0.94% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders have sold 326,305 shares of company stock worth $72,280,083. 44.90% of the stock is owned by corporate insiders.

Key Stories Impacting DoorDash

Here are the key news stories impacting DoorDash this week:

• Positive Sentiment: Strong third-quarter results: DoorDash reported adjusted earnings of $1.06 per share, exceeding the $0.81 consensus estimate, while revenue rose 34% year over year to $4.62 billion, also topping expectations. Management said the quarter set records for marketplace gross order volume, revenue and net income. DoorDash third-quarter results
• Positive Sentiment: Analysts still see upside: Wedbush upgraded DASH to “outperform” with a $230 price target, while Cantor Fitzgerald reaffirmed its “overweight” rating with a $240 target. Truist also kept a “buy” rating and raised its target to $340. Wedbush DoorDash rating
• Neutral Sentiment: AI demand remains limited: DoorDash said third-party AI agents generated only several hundred orders out of roughly 993 million quarterly orders. The disclosure reduces immediate fears that AI agents could disrupt its customer relationship, but also indicates that AI-driven ordering has not yet become a meaningful growth catalyst. DoorDash AI agent orders
• Negative Sentiment: Instacart deal creates major uncertainty: DoorDash agreed to acquire Instacart for approximately $17 billion, but the transaction may not close until late 2027 or early 2028. Instacart’s shares remain well below the $65 offer price, signaling investor concern over antitrust approval. Regulators and local officials have warned that the merger could reduce competition, increase prices or weaken gig-worker bargaining power. DoorDash Instacart regulatory risks
• Negative Sentiment: Mixed analyst revisions: Scotiabank lowered its target to $235 while retaining “sector outperform,” and Wells Fargo cut its target to $200 with an “equal weight” rating. Barclays also reduced its target to $205 and maintained “equal weight,” reflecting greater caution around valuation and the acquisition.

Analysts Set New Price Targets

DASH has been the subject of a number of recent analyst reports. Roth Capital raised their price target on shares of DoorDash from $200.00 to $220.00 and gave the stock a “neutral” rating in a research report on Monday, August 10th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of DoorDash in a report on Friday, August 7th. KeyCorp reduced their price objective on shares of DoorDash from $280.00 to $275.00 and set an “overweight” rating on the stock in a research note on Tuesday, July 14th. Sanford C. Bernstein reissued an “outperform” rating and issued a $250.00 target price on shares of DoorDash in a research report on Friday. Finally, Wells Fargo & Company cut their target price on shares of DoorDash from $230.00 to $200.00 and set an “equal weight” rating on the stock in a research note on Friday. Two research analysts have rated the stock with a Strong Buy rating, thirty-one have issued a Buy rating and ten have given a Hold rating to the company. Based on data from MarketBeat, DoorDash presently has an average rating of “Moderate Buy” and a consensus target price of $249.88.

DoorDash Stock Performance

DoorDash stock opened at $178.99 on Monday. The company has a quick ratio of 1.37, a current ratio of 1.37 and a debt-to-equity ratio of 0.27. The firm has a 50-day moving average price of $197.84 and a two-hundred day moving average price of $183.11. The firm has a market capitalization of $77.56 billion, a price-to-earnings ratio of 73.96 and a beta of 1.98. DoorDash, Inc. has a 52-week low of $143.30 and a 52-week high of $260.74.

DoorDash (NASDAQ:DASH) last announced its earnings results on Thursday, October 29th. The company reported $1.06 EPS for the quarter, topping the consensus estimate of $0.81 by $0.25. The firm had revenue of $4.62 billion for the quarter, compared to analysts’ expectations of $4.56 billion. DoorDash had a return on equity of 10.58% and a net margin of 6.23%. The firm’s quarterly revenue was up 34.0% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.55 earnings per share. Sell-side analysts expect that DoorDash, Inc. will post 2.64 earnings per share for the current year.

DoorDash Profile

DoorDash, Inc (NASDAQ:DASH) operates a local commerce platform that connects consumers with restaurants, grocery stores, convenience retailers and other merchants. Through its website and mobile applications, customers can browse products, place orders for delivery or pickup, and access related services.

The company provides merchants with ordering, delivery, logistics, marketing and payment tools. Its offerings include the DoorDash Marketplace, subscription programs such as DashPass, and delivery infrastructure that merchants can use through services including DoorDash Drive.