DoorDash, Inc. $DASH Stock Holdings Boosted by New Mexico Educational Retirement Board

New Mexico Educational Retirement Board grew its stake in DoorDash, Inc. (NASDAQ:DASH) by 398.1% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 93,151 shares of the company’s stock after purchasing an additional 74,451 shares during the quarter. New Mexico Educational Retirement Board’s holdings in DoorDash were worth $17,098,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of DASH. Activest Wealth Management raised its position in shares of DoorDash by 892.9% during the 3rd quarter. Activest Wealth Management now owns 139 shares of the company’s stock worth $26,000 after purchasing an additional 125 shares during the last quarter. Washington Trust Advisors Inc. boosted its holdings in DoorDash by 81.0% in the 2nd quarter. Washington Trust Advisors Inc. now owns 143 shares of the company’s stock worth $26,000 after buying an additional 64 shares during the last quarter. Fairscale Capital LLC boosted its holdings in DoorDash by 128.6% in the 3rd quarter. Fairscale Capital LLC now owns 144 shares of the company’s stock worth $25,000 after buying an additional 81 shares during the last quarter. City State Bank increased its stake 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 buying an additional 56 shares in the last quarter. Finally, Signature Equity Partners LLC increased its stake in DoorDash by 213.5% during the 3rd quarter. Signature Equity Partners LLC now owns 163 shares of the company’s stock worth $30,000 after buying an additional 111 shares in the last quarter. Hedge funds and other institutional investors own 90.64% of the company’s stock.

DoorDash News Roundup

Investors following DASH have been watching these news items:

• Positive Sentiment: DoorDash plans to test a weather-resilient robot delivery system in Salt Lake City. If the technology proves reliable, it could help the company expand delivery options and improve efficiency, although this is still a test rather than a broad rollout. DoorDash to test weather-resilient robot delivery system in Salt Lake City
• Neutral Sentiment: Reports say AI agents have generated only a small number of food and ride orders on platforms such as DoorDash, suggesting limited near-term impact from this potential ordering channel. Almost nobody uses AI agents to order food or rides on apps like Uber
• Negative Sentiment: An analysis argues DASH looks overvalued after a major three-year run. Valuation concerns could constrain investor appetite, particularly with shares trading below their recent moving averages. DoorDash Stock Looks Overvalued Following Its 90% Three Year Run

DoorDash Stock Performance

Shares of DASH stock opened at $178.26 on Thursday. The firm’s 50 day moving average price is $190.24 and its 200-day moving average price is $182.09. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.46 and a current ratio of 1.46. DoorDash, Inc. has a one year low of $143.30 and a one year high of $239.00. The firm has a market cap of $77.72 billion, a P/E ratio of 73.66, a P/E/G ratio of 1.47 and a beta of 1.98.

DoorDash (NASDAQ:DASH) last issued its quarterly earnings results on Thursday, October 29th. The company reported $1.06 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.81 by $0.25. The company had revenue of $4.62 billion for the quarter, compared to analyst estimates of $4.56 billion. DoorDash had a net margin of 6.23% and a return on equity of 10.40%. The business’s revenue for the quarter was up 34.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.55 earnings per share. As a group, equities research analysts predict that DoorDash, Inc. will post 2.69 EPS for the current year.

Insider Buying and Selling

In other news, CFO Ravi Inukonda sold 1,017 shares of DoorDash stock in a transaction dated Monday, October 12th. The stock was sold at an average price of $195.00, for a total value of $198,315.00. Following the completion of the transaction, the chief financial officer owned 217,911 shares in the company, valued at approximately $42,492,645. This trade represents a 0.46% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, COO Prabir Adarkar sold 8,738 shares of the business’s stock in a transaction that occurred on Monday, September 28th. The stock was sold at an average price of $180.85, for a total transaction of $1,580,267.30. Following the transaction, the chief operating officer owned 921,473 shares of the company’s stock, valued at $166,648,392.05. This trade represents a 0.94% 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 349,430 shares of company stock worth $76,644,002 over the last ninety days. Company insiders own 44.90% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the company. Zacks Research raised DoorDash from a “strong sell” rating to a “hold” rating in a research note on Monday, August 17th. Truist Financial raised their price objective on DoorDash from $336.00 to $340.00 and gave the company a “buy” rating in a report on Friday, October 30th. Benchmark increased their target price on shares of DoorDash from $270.00 to $295.00 in a research report on Thursday, August 6th. Cantor Fitzgerald reissued an “overweight” rating and issued a $240.00 price target on shares of DoorDash in a research note on Friday, October 30th. Finally, Roth Capital upped their price objective on shares of DoorDash from $200.00 to $220.00 and gave the company a “neutral” rating in a research note on Monday, August 10th. One research analyst has rated the stock with a Strong Buy rating, thirty-one have assigned a Buy rating and ten have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $249.82.

DoorDash Profile

DoorDash, Inc. operates a local commerce platform that connects consumers with restaurants and other merchants, as well as with independent delivery workers. Through its app and website, customers can order restaurant meals, groceries, convenience items and products from other local retailers for delivery or pickup. The company also provides services for merchants, including tools for online ordering, marketing and fulfillment. Its offerings include DoorDash Drive, which provides delivery logistics for merchants’ own orders, and DashPass, a subscription program for eligible orders.