DoorDash, Inc. $DASH Stock: Steadview Capital Management LLC Decreases Holdings

Steadview Capital Management LLC decreased its position in shares of DoorDash, Inc. (NASDAQ:DASH) by 7.1% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 117,505 shares of the company’s stock after selling 9,020 shares during the quarter. DoorDash makes up about 7.4% of Steadview Capital Management LLC’s holdings, making the stock its 6th largest position. Steadview Capital Management LLC’s holdings in DoorDash were worth $21,568,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Janus Henderson Group PLC boosted its position in shares of DoorDash by 40.2% in the 1st quarter. Janus Henderson Group PLC now owns 7,762,553 shares of the company’s stock valued at $1,159,377,000 after purchasing an additional 2,225,954 shares during the period. Temasek Holdings Private Ltd grew its stake in DoorDash by 49.4% during the 1st quarter. Temasek Holdings Private Ltd now owns 3,461,501 shares of the company’s stock worth $519,744,000 after buying an additional 1,145,078 shares during the last quarter. Robeco Institutional Asset Management B.V. grew its stake in DoorDash by 2,304.0% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 3,452,110 shares of the company’s stock worth $633,635,000 after buying an additional 3,308,512 shares during the last quarter. Bank of America Corp DE increased its position in DoorDash by 18.4% during the first quarter. Bank of America Corp DE now owns 3,449,266 shares of the company’s stock worth $517,907,000 after buying an additional 536,080 shares during the period. Finally, Assenagon Asset Management S.A. increased its position in DoorDash by 372.0% during the third quarter. Assenagon Asset Management S.A. now owns 3,137,719 shares of the company’s stock worth $575,928,000 after buying an additional 2,472,980 shares during the period. Institutional investors and hedge funds own 90.64% of the company’s stock.

Analyst Ratings Changes

A number of research firms have commented on DASH. KeyCorp dropped 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. Bank of America reaffirmed a “buy” rating on shares of DoorDash in a report on Friday. JPMorgan Chase & Co. increased their target price on shares of DoorDash from $250.00 to $262.00 in a research note on Wednesday, August 5th. Roth Capital raised their price target on DoorDash from $200.00 to $220.00 and gave the stock a “neutral” rating in a report on Monday, August 10th. Finally, Moffett Nathanson dropped their price target on DoorDash from $280.00 to $278.00 and set a “buy” rating on the stock in a research report on Thursday, August 6th. Two investment analysts have rated the stock with a Strong Buy rating, thirty-one have given a Buy rating and ten have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $249.88.

Insider Buying and Selling at DoorDash

In related news, COO Prabir Adarkar sold 55,289 shares of the firm’s stock in a transaction dated Tuesday, August 25th. The shares were sold at an average price of $231.76, for a total value of $12,813,778.64. Following the completion of the sale, the chief operating officer owned 930,211 shares in the company, valued at $215,585,701.36. This trade represents a 5.61% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Stanley Tang sold 72,367 shares of the firm’s stock in a transaction dated Friday, August 21st. The shares were sold at an average price of $225.16, for a total transaction of $16,294,153.72. Following the completion of the sale, the director owned 10,361 shares of the company’s stock, valued at approximately $2,332,882.76. The trade was a 87.48% 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. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last quarter, insiders sold 393,998 shares of company stock valued at $85,861,330. Insiders own 44.90% of the company’s stock.

Key DoorDash News

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.

DoorDash Stock Performance

Shares of DASH opened at $178.99 on Friday. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.37 and a current ratio of 1.37. The stock has a market capitalization of $77.56 billion, a P/E ratio of 73.96 and a beta of 1.90. The company’s fifty day moving average is $197.84 and its two-hundred day moving average is $183.11. DoorDash, Inc. has a 1 year low of $143.30 and a 1 year high of $260.74.

DoorDash (NASDAQ:DASH) last announced its quarterly earnings data on Thursday, October 29th. The company reported $1.06 EPS for the quarter, topping analysts’ consensus estimates of $0.81 by $0.25. DoorDash had a net margin of 6.23% and a return on equity of 10.58%. The company had revenue of $4.62 billion during the quarter, compared to the consensus estimate of $4.56 billion. During the same quarter in the prior year, the firm earned $0.55 EPS. DoorDash’s quarterly revenue was up 34.0% on a year-over-year basis. On average, sell-side analysts predict that DoorDash, Inc. will post 2.51 earnings per share for the current year.

About DoorDash

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.