Legal & General Group Plc Boosts Stock Position in DoorDash, Inc. $DASH

Legal & General Group Plc boosted its position in DoorDash, Inc. (NASDAQ:DASH) by 5.9% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 2,265,406 shares of the company’s stock after purchasing an additional 126,457 shares during the quarter. Legal & General Group Plc owned approximately 0.53% of DoorDash worth $616,166,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Physician Wealth Advisors Inc. grew its position in shares of DoorDash by 284.0% in the 3rd quarter. Physician Wealth Advisors Inc. now owns 96 shares of the company’s stock worth $26,000 after buying an additional 71 shares during the last quarter. Sound Income Strategies LLC lifted its position in DoorDash by 2,760.0% during the third quarter. Sound Income Strategies LLC now owns 143 shares of the company’s stock valued at $39,000 after acquiring an additional 138 shares during the last quarter. Rossby Financial LCC boosted its stake in DoorDash by 127.8% in the third quarter. Rossby Financial LCC now owns 164 shares of the company’s stock valued at $44,000 after acquiring an additional 92 shares in the last quarter. Annis Gardner Whiting Capital Advisors LLC boosted its stake in DoorDash by 74.3% in the third quarter. Annis Gardner Whiting Capital Advisors LLC now owns 176 shares of the company’s stock valued at $48,000 after acquiring an additional 75 shares in the last quarter. Finally, Concord Wealth Partners purchased a new position in DoorDash in the third quarter worth $50,000. 90.64% of the stock is owned by hedge funds and other institutional investors.

DoorDash Stock Performance

Shares of DASH stock opened at $169.93 on Wednesday. The business has a fifty day moving average of $194.30 and a 200 day moving average of $224.29. DoorDash, Inc. has a 1 year low of $155.40 and a 1 year high of $285.50. 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 capitalization of $73.82 billion, a price-to-earnings ratio of 80.16 and a beta of 1.82.

DoorDash (NASDAQ:DASH) last posted its quarterly earnings results on Wednesday, February 18th. The company reported $0.48 earnings per share for the quarter, missing the consensus estimate of $0.58 by ($0.10). The firm had revenue of $3.96 billion for the quarter, compared to analysts’ expectations of $3.98 billion. DoorDash had a net margin of 6.82% and a return on equity of 10.15%. The firm’s revenue for the quarter was up 37.7% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.33 EPS. As a group, research analysts expect that DoorDash, Inc. will post 2.22 earnings per share for the current year.

DoorDash News Summary

Here are the key news stories impacting DoorDash this week:

• Positive Sentiment: Promotions: DoorDash appears in roundups of gift-card deals that can drive near-term order volume and pre-paid cash flow for the platform. Gift card deals
• Neutral Sentiment: Short-interest report looks anomalous (shows increases but lists zero shares/NaN), suggesting a data/reporting error rather than a material change in bearish positioning; monitor for corrected filings.
• Neutral Sentiment: Brand engagement pieces (e.g., local Easter candy popularity) and consumer-interest stories are marketing touchpoints but unlikely to move fundamentals. Easter candy story
• Negative Sentiment: Data breach: DoorDash notified users of a breach, which raises short-term reputational risk, potential remediation costs and regulatory scrutiny—negative for sentiment until scope and impact are clarified. Data breach
• Negative Sentiment: Analyst/valuation pressure: A Zacks piece highlights DASH’s ~32% decline over six months, citing fierce competition and valuation concerns despite order growth—reinforces bearish investor narratives. Zacks valuation piece
• Negative Sentiment: Driver-related safety & operational stories: multiple reports of scams targeting drivers, an arrest of a DoorDash driver, and customer complaints about driver responsibilities create incremental reputational and operational concerns that could pressure margins or recruitment. Driver scam Driver arrest Driver responsibility complaint

Insider Activity

In other DoorDash news, Director Stanley Tang sold 45,410 shares of the firm’s stock in a transaction that occurred on Monday, February 2nd. The shares were sold at an average price of $209.01, for a total transaction of $9,491,144.10. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Ravi Inukonda sold 1,017 shares of DoorDash stock in a transaction that occurred on Wednesday, January 14th. The shares were sold at an average price of $215.14, for a total transaction of $218,797.38. Following the sale, the chief financial officer owned 208,412 shares of the company’s stock, valued at approximately $44,837,757.68. The trade was a 0.49% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders have sold 204,159 shares of company stock valued at $45,111,536. 5.83% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the company. UBS Group decreased their price objective on DoorDash from $245.00 to $240.00 and set a “neutral” rating for the company in a report on Thursday, February 19th. Wolfe Research set a $270.00 target price on DoorDash in a research report on Monday, January 5th. Oppenheimer decreased their price target on DoorDash from $280.00 to $235.00 and set an “outperform” rating for the company in a research note on Thursday, February 19th. Benchmark boosted their price target on DoorDash from $280.00 to $285.00 and gave the stock a “buy” rating in a research note on Thursday, February 19th. Finally, Jefferies Financial Group upped their price objective on shares of DoorDash from $260.00 to $270.00 and gave the company a “buy” rating in a report on Thursday, December 11th. One analyst has rated the stock with a Strong Buy rating, twenty-six have given a Buy rating and nine have given a Hold rating to the stock. According to MarketBeat, DoorDash has a consensus rating of “Moderate Buy” and a consensus target price of $262.82.

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.