Saudi Central Bank Boosts Stock Holdings in DoorDash, Inc. $DASH

Saudi Central Bank raised its holdings in shares of DoorDash, Inc. (NASDAQ:DASH) by 81.3% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 25,828 shares of the company’s stock after acquiring an additional 11,580 shares during the quarter. Saudi Central Bank’s holdings in DoorDash were worth $4,766,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently modified their holdings of the company. SC US Ttgp LTD. increased its stake in DoorDash by 1.6% in the 4th quarter. SC US Ttgp LTD. now owns 31,686,624 shares of the company’s stock worth $7,176,387,000 after acquiring an additional 506,358 shares during the last quarter. Morgan Stanley grew its holdings in shares of DoorDash by 2.3% during the 4th quarter. Morgan Stanley now owns 17,536,824 shares of the company’s stock valued at $3,971,741,000 after purchasing an additional 391,596 shares during the last quarter. State Street Corp increased its holdings in shares of DoorDash by 3.0% in the fourth quarter. State Street Corp now owns 15,761,072 shares of the company’s stock worth $3,569,568,000 after buying an additional 464,448 shares during the period. Price T Rowe Associates Inc. MD increased its stake in DoorDash by 32.8% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 13,958,114 shares of the company’s stock worth $3,161,234,000 after purchasing an additional 3,447,754 shares during the period. Finally, Geode Capital Management LLC increased its stake in shares of DoorDash by 2.9% in the fourth quarter. Geode Capital Management LLC now owns 8,867,615 shares of the company’s stock worth $2,000,371,000 after buying an additional 252,471 shares during the period. 90.64% of the stock is owned by hedge funds and other institutional investors.

DoorDash Price Performance

Shares of DASH stock opened at $211.73 on Monday. The company’s fifty day moving average price is $203.81 and its 200-day moving average price is $178.68. DoorDash, Inc. has a one year low of $143.30 and a one year high of $285.50. The company has a market capitalization of $91.74 billion, a price-to-earnings ratio of 110.85 and a beta of 1.79. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.37 and a quick ratio of 1.37.

DoorDash (NASDAQ:DASH) last released its quarterly earnings data on Wednesday, August 5th. The company reported $0.46 earnings per share for the quarter, missing analysts’ consensus estimates of $0.47 by ($0.01). DoorDash had a return on equity of 8.48% and a net margin of 5.29%.The business had revenue of $4.45 billion during the quarter, compared to the consensus estimate of $4.34 billion. During the same period last year, the company earned $0.65 EPS. The business’s revenue was up 35.6% on a year-over-year basis. Sell-side analysts expect that DoorDash, Inc. will post 2.49 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research firms have commented on DASH. Benchmark lowered their price target on DoorDash from $285.00 to $270.00 and set a “buy” rating for the company in a research report on Monday, August 3rd. Guggenheim reissued a “buy” rating and set a $255.00 price objective on shares of DoorDash in a research note on Tuesday, June 23rd. BTIG Research reissued a “buy” rating and issued a $225.00 target price on shares of DoorDash in a research note on Thursday, August 6th. Rothschild & Co Redburn set a $350.00 price target on shares of DoorDash in a research report on Tuesday, May 12th. Finally, Jefferies Financial Group lifted their price objective on DoorDash from $220.00 to $225.00 and gave the stock a “buy” rating in a report on Tuesday, July 14th. One research analyst has rated the stock with a Strong Buy rating, twenty-four have assigned a Buy rating, nine have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, DoorDash has a consensus rating of “Moderate Buy” and an average target price of $254.97.

Insiders Place Their Bets

In other DoorDash news, Director Stanley Tang sold 30,835 shares of the stock in a transaction dated Wednesday, September 2nd. The shares were sold at an average price of $225.98, for a total transaction of $6,968,093.30. Following the completion of the transaction, the director owned 10,361 shares of the company’s stock, valued at $2,341,378.78. This represents a 74.85% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, General Counsel Tia Sherringham sold 2,265 shares of the firm’s stock in a transaction that occurred on Monday, August 24th. The shares were sold at an average price of $227.64, for a total value of $515,604.60. Following the transaction, the general counsel owned 118,262 shares of the company’s stock, valued at $26,921,161.68. This represents a 1.88% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders have sold 384,553 shares of company stock worth $83,609,490. 44.90% of the stock is owned by corporate insiders.

Key Headlines Impacting DoorDash

Here are the key news stories impacting DoorDash this week:

• Positive Sentiment: Rosenblatt Securities initiated coverage of DoorDash with a Buy recommendation, adding potential analyst support after the stock’s strong run over the past year. Rosenblatt initiates coverage of DoorDash with buy recommendation
• Positive Sentiment: DoorDash announced partnerships and business initiatives that could expand order volume and advertising opportunities, including delivery for Natural Grocers, fan experiences with Live Nation, workplace meal programs, and independent ad-measurement validation through Circana. Natural Grocers expands delivery through DoorDash DoorDash partners with Live Nation DoorDash teams with Circana
• Neutral Sentiment: Since its latest earnings report, DASH has gained about 4.1%. Revenue exceeded expectations and rose 35.6% year over year, although earnings per share narrowly missed estimates and declined from the prior-year period. At roughly 111 times earnings, valuation leaves the stock sensitive to execution and growth expectations. DoorDash stock performance since earnings
• Negative Sentiment: Director Stanley Tang sold approximately $7.0 million of shares, reducing his position by nearly 75%. CFO Ravi Inukonda also sold about $3.7 million, cutting ownership by 6.9%. Both transactions were made under pre-arranged Rule 10b5-1 plans, which reduces—but does not eliminate—their signaling impact.
• Negative Sentiment: Walmart is expanding restaurant delivery through a Dunkin’ partnership, increasing competition for DoorDash and Uber Eats and potentially putting pressure on delivery volume, merchant relationships, and pricing. Walmart expands restaurant delivery
• Negative Sentiment: Several reports involving driver misconduct, disputes over pay practices, and delivery-related incidents create reputational and operational risks, although these appear isolated and are unlikely to materially affect near-term financial results.

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.