Retirement Systems of Alabama Purchases 5,393 Shares of DoorDash, Inc. $DASH

Retirement Systems of Alabama lifted its holdings in DoorDash, Inc. (NASDAQ:DASH) by 7.3% in the third quarter, HoldingsChannel reports. The firm owned 78,964 shares of the company’s stock after purchasing an additional 5,393 shares during the quarter. Retirement Systems of Alabama’s holdings in DoorDash were worth $21,477,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of DASH. Vanguard Group Inc. lifted its position in DoorDash by 4.6% during the second quarter. Vanguard Group Inc. now owns 41,190,085 shares of the company’s stock valued at $10,153,768,000 after purchasing an additional 1,792,799 shares during the last quarter. State Street Corp raised its position in shares of DoorDash by 3.1% during the 2nd quarter. State Street Corp now owns 14,387,499 shares of the company’s stock valued at $3,546,662,000 after buying an additional 427,722 shares in the last quarter. Geode Capital Management LLC lifted its holdings in shares of DoorDash by 2.9% in the 2nd quarter. Geode Capital Management LLC now owns 7,951,230 shares of the company’s stock valued at $1,950,711,000 after acquiring an additional 223,188 shares during the last quarter. Invesco Ltd. lifted its holdings in shares of DoorDash by 12.0% in the 2nd quarter. Invesco Ltd. now owns 5,375,480 shares of the company’s stock valued at $1,325,110,000 after acquiring an additional 575,629 shares during the last quarter. Finally, Norges Bank purchased a new position in DoorDash in the second quarter worth about $1,185,576,000. Institutional investors own 90.64% of the company’s stock.

Insider Buying and Selling

In related news, CFO Ravi Inukonda sold 1,017 shares of the business’s stock in a transaction that occurred on Wednesday, January 14th. The stock was sold at an average price of $215.14, for a total value of $218,797.38. Following the completion of the sale, the chief financial officer owned 208,412 shares in the company, valued at approximately $44,837,757.68. The trade was a 0.49% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Tony Xu sold 16,667 shares of the stock in a transaction that occurred on Monday, January 5th. The stock was sold at an average price of $230.00, for a total value of $3,833,410.00. Following the completion of the transaction, the chief executive officer directly owned 1,500 shares in the company, valued at approximately $345,000. This trade represents a 91.74% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 632,885 shares of company stock worth $133,222,817 over the last 90 days. Corporate insiders own 5.83% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the company. Truist Financial upped their price objective on DoorDash from $326.00 to $340.00 and gave the company a “buy” rating in a research report on Thursday, October 23rd. BMO Capital Markets reissued an “outperform” rating on shares of DoorDash in a research report on Friday, December 12th. DA Davidson restated a “neutral” rating and issued a $260.00 price target on shares of DoorDash in a research report on Thursday, November 6th. Wall Street Zen lowered shares of DoorDash from a “buy” rating to a “hold” rating in a research note on Saturday, November 1st. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of DoorDash in a research note on Wednesday, October 8th. Three analysts have rated the stock with a Strong Buy rating, twenty-five have given a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $281.26.

More DoorDash News

Here are the key news stories impacting DoorDash this week:

• Positive Sentiment: Partnership with Hibbett highlighted as potentially reshaping DoorDash’s growth/income profile by expanding retail distribution and merchant reach—investors may see upside from new merchant deals and cross‑sell opportunities. Is DoorDash’s Hibbett Partnership Reshaping the Investment Case For DASH?
• Positive Sentiment: Engineering improvement: DoorDash is using multi‑armed bandit methods to improve A/B testing and product experimentation, which can raise conversion and lifetime value over time. Enhancing A/B Testing at DoorDash with Multi-Armed Bandits
• Positive Sentiment: Operations resuming in NYC: DoorDash has resumed services in New York City after weather-related suspensions, restoring a key revenue market even as the company publicly opposes new tipping rules. Resumption helps near‑term top‑line recovery. DoorDash Resumes Services in NYC as New Tipping Legislation Takes Effect, Despite Platform’s Opposition
• Positive Sentiment: Local goodwill story: a St. Joseph County police officer completed a DoorDash delivery after a driver crashed—small PR boost demonstrating community value of the service. St. Joseph County police officer completes DoorDash delivery after driver’s crash
• Neutral Sentiment: Weather disruptions: DoorDash activated severe weather protocols and temporarily suspended operations across multiple regions (NYC, Nashville, Little Rock, DFW, Arkansas, etc.), which depresses short‑term delivery volumes but is standard risk management. DoorDash activates severe weather protocol due to winter storm
• Neutral Sentiment: Service suspensions and resumptions in NYC tied to the same storm have created short windows of lost volume followed by catch‑up demand as deliveries restart. DoorDash suspends service in NYC due to snow
• Neutral Sentiment: Pricing error during a storm produced a steep delivery price spike for a Wegmans order; DoorDash called it an error—operational/UX glitch with limited financial impact but attention to dynamic pricing controls may be required. ‘Just shocking’: Storm delivery price jump prompts questions; DoorDash cites error, points to Wegmans
• Negative Sentiment: Legal/regulatory setback: DoorDash (with Uber/Instacart) lost its bid to block NYC’s new tipping law, meaning platforms must offer customers tipping options and shifting how tips and base pay are presented—could raise labor costs or change economics of deliveries in a major market. This is the most material near‑term regulatory risk for margins. Uber, Instacart and DoorDash Subject to New NYC’s Tipping Laws After Failed Court Bid
• Negative Sentiment: PR backlash: DoorDash drew criticism for a tweet about “getting snowed in with a hookup,” a reputational misstep that could attract short‑term negative media attention. DoorDash slammed for ‘distasteful’ warning about getting snowed in with a hookup

DoorDash Stock Performance

DASH stock opened at $209.41 on Tuesday. DoorDash, Inc. has a twelve month low of $155.40 and a twelve month high of $285.50. The firm has a market cap of $90.26 billion, a price-to-earnings ratio of 106.30 and a beta of 1.70. The business’s fifty day simple moving average is $217.06 and its two-hundred day simple moving average is $238.91. The company has a quick ratio of 2.04, a current ratio of 2.04 and a debt-to-equity ratio of 0.29.

DoorDash (NASDAQ:DASH) last issued its earnings results on Wednesday, November 5th. The company reported $0.55 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.68 by ($0.13). The company had revenue of $3.45 billion for the quarter, compared to analysts’ expectations of $3.35 billion. DoorDash had a net margin of 6.83% and a return on equity of 9.97%. The firm’s revenue for the quarter was up 27.3% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.38 earnings per share. Analysts predict that DoorDash, Inc. will post 2.22 earnings per share for the current year.

DoorDash Company Profile

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.