Ritholtz Wealth Management Makes New $12.75 Million Investment in DoorDash, Inc. $DASH

Ritholtz Wealth Management bought a new stake in DoorDash, Inc. (NASDAQ:DASH) in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 69,460 shares of the company’s stock, valued at approximately $12,749,000.

A number of other large investors have also added to or reduced their stakes in the company. Fairscale Capital LLC increased its stake in DoorDash by 128.6% during 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 period. Washington Trust Advisors Inc. lifted 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 in the last quarter. Activest Wealth Management boosted its position in DoorDash by 892.9% in the 3rd quarter. Activest Wealth Management now owns 139 shares of the company’s stock valued at $26,000 after buying an additional 125 shares during the last quarter. City State Bank boosted its position in DoorDash by 56.0% in the 3rd quarter. City State Bank now owns 156 shares of the company’s stock valued at $29,000 after buying an additional 56 shares during the last quarter. Finally, Signature Equity Partners LLC grew its stake in shares of DoorDash by 213.5% during the third quarter. Signature Equity Partners LLC now owns 163 shares of the company’s stock valued at $30,000 after acquiring an additional 111 shares in the last quarter. 90.64% of the stock is owned by institutional investors and hedge funds.

DoorDash Stock Performance

DoorDash stock opened at $178.26 on Thursday. The company has a market cap of $77.72 billion, a PE ratio of 73.66, a P/E/G ratio of 1.47 and a beta of 1.98. The company has a fifty day moving average price of $190.24 and a two-hundred day moving average price of $182.09. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.46 and a quick ratio of 1.46. DoorDash, Inc. has a 12 month low of $143.30 and a 12 month high of $239.00.

DoorDash (NASDAQ:DASH) last issued its earnings results on Thursday, October 29th. The company reported $1.06 earnings per share 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 10.40%. The company had revenue of $4.62 billion for the quarter, compared to analysts’ expectations of $4.56 billion. During the same period in the prior year, the company earned $0.55 earnings per share. The firm’s revenue was up 34.0% compared to the same quarter last year. Research analysts expect that DoorDash, Inc. will post 2.69 earnings per share for the current year.

More DoorDash News

Here’s some of the latest news about DASH:

• Neutral Sentiment: Coverage highlights DoorDash’s $17 billion Instacart deal and its implications for online pricing and local commerce. The combination could broaden DoorDash’s reach, but pricing dynamics and integration remain important execution questions for investors. DoorDash Is Growing Fast, but Its $17 Billion Instacart Deal Takes Center Stage DoorDash-Instacart combination shines a spotlight on e-commerce pricing
• 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

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on DASH. Mizuho set a $255.00 target price on DoorDash in a research report on Friday, October 30th. Zacks Research raised DoorDash from a “strong sell” rating to a “hold” rating in a report on Monday, August 17th. Sanford C. Bernstein restated an “outperform” rating and set a $250.00 price objective on shares of DoorDash in a research note on Friday, October 30th. BTIG Research restated a “buy” rating and set a $225.00 price objective on shares of DoorDash in a report on Wednesday, October 21st. Finally, Piper Sandler reaffirmed a “neutral” rating and issued a $220.00 target price (up from $205.00) on shares of DoorDash in a research report on Thursday, August 6th. One equities research analyst has rated the stock with a Strong Buy rating, thirty-one have assigned a Buy rating and ten have assigned a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $249.82.

Insider Buying and Selling at DoorDash

In related news, CFO Ravi Inukonda sold 1,017 shares of the business’s stock in a transaction dated Monday, October 12th. The shares were sold at an average price of $195.00, for a total transaction of $198,315.00. Following the completion of the sale, the chief financial officer owned 217,911 shares of the company’s stock, valued at $42,492,645. This represents a 0.46% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, COO Prabir Adarkar sold 8,738 shares of the stock in a transaction dated 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 sale, the chief operating officer owned 921,473 shares in the company, valued at approximately $166,648,392.05. This trade represents a 0.94% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders have sold 349,430 shares of company stock worth $76,644,002. 44.90% of the stock is owned by company insiders.

About DoorDash

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.