Franklin Street Advisors Inc. NC Decreases Stake in DoorDash, Inc. $DASH

Franklin Street Advisors Inc. NC cut its holdings in shares of DoorDash, Inc. (NASDAQ:DASH) by 2.2% during the 3rd quarter, Holdings Channel.com reports. The firm owned 145,214 shares of the company’s stock after selling 3,254 shares during the quarter. DoorDash comprises approximately 2.3% of Franklin Street Advisors Inc. NC’s holdings, making the stock its 14th biggest position. Franklin Street Advisors Inc. NC’s holdings in DoorDash were worth $39,497,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Norges Bank bought a new stake in shares of DoorDash in the second quarter valued at approximately $1,185,576,000. Vanguard Group Inc. raised its holdings in DoorDash by 4.6% during the 2nd quarter. Vanguard Group Inc. now owns 41,190,085 shares of the company’s stock valued at $10,153,768,000 after acquiring an additional 1,792,799 shares during the period. AQR Capital Management LLC lifted its position in shares of DoorDash by 442.5% during the first quarter. AQR Capital Management LLC now owns 1,836,122 shares of the company’s stock worth $321,799,000 after acquiring an additional 1,497,636 shares in the last quarter. Scge Management L.P. bought a new position in shares of DoorDash in the second quarter worth $267,463,000. Finally, Durable Capital Partners LP grew its position in shares of DoorDash by 351.2% in the first quarter. Durable Capital Partners LP now owns 1,026,649 shares of the company’s stock valued at $187,641,000 after purchasing an additional 799,096 shares in the last quarter. Institutional investors own 90.64% of the company’s stock.

Key DoorDash News

Here are the key news stories impacting DoorDash this week:

• Positive Sentiment: DoorDash launched a grocery-shopping app inside ChatGPT via a partnership with OpenAI, letting users turn recipes into grocery orders and check out on DoorDash — a direct competitive push into Instacart’s turf that could expand grocery GMV and user engagement. DoorDash Brings Grocery Shopping to ChatGPT, Rivaling Instacart
• Positive Sentiment: DoorDash debuted “Zesty,” an AI-powered social/discovery app in SF and NYC aimed at increasing local-restaurant discovery and retention — a user-engagement product that could boost order frequency and monetization over time. DoorDash Launches ‘Zesty,’ an AI App That Helps You Find Local Restaurants
• Positive Sentiment: Holiday promotions — including a “Holiday Gift Rescue” service and a $100K giveaway for delayed packages — are designed to capture last‑minute spend and improve brand perception during peak season, which can lift short‑term order volumes. Delayed Gift? DoorDash Saves the Day with its Holiday Gift Rescue
• Neutral Sentiment: Consumer & lifestyle write-ups highlighting DoorDash as a holiday convenience reinforce brand utility but are unlikely to move fundamentals materially in the near term. Here’s Why DoorDash Is Our Secret Weapon During the Holidays
• Negative Sentiment: Serious safety incidents involving deliveries — including a fatal shooting reportedly linked to a DoorDash order — raise reputational and potential liability concerns that could spur scrutiny and user backlash. Honor student waiting on DoorDash order outside girlfriend’s house shot dead in ‘sickening’ case of mistaken identity, cops say
• Negative Sentiment: Local driver misconduct reports (pepper‑spray incident) add to operational risk and could lead to localized enforcement or higher compliance costs. DoorDash driver accused of pepper spray incident taken to Vanderburgh County Jail
• Negative Sentiment: San Francisco supervisors passed legislation restricting DoorDash’s drone testing, signaling regulatory headwinds for delivery automation and potential limits on a cost-reduction pathway. SF: Supervisors Pass Legislation Restricting Doordash From Testing Delivery Drones

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on DASH. Morgan Stanley increased their price objective on DoorDash from $300.00 to $330.00 and gave the stock an “overweight” rating in a report on Monday, October 20th. Wedbush increased their price target on shares of DoorDash from $260.00 to $270.00 and gave the stock an “outperform” rating in a report on Friday. BTIG Research reaffirmed a “buy” rating and set a $315.00 price objective on shares of DoorDash in a research note on Thursday, November 6th. The Goldman Sachs Group lowered their target price on shares of DoorDash from $315.00 to $279.00 and set a “buy” rating on the stock in a research note on Friday, November 7th. Finally, Barclays reduced their price target on shares of DoorDash from $272.00 to $238.00 and set an “equal weight” rating for the company in a research report on Thursday, November 6th. One research analyst has rated the stock with a Strong Buy rating, twenty-six have assigned a Buy rating and ten have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $275.74.

Insider Buying and Selling

In other DoorDash news, Director Andy Fang sold 25,000 shares of the stock in a transaction that occurred on Monday, December 1st. The shares were sold at an average price of $204.95, for a total transaction of $5,123,750.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, COO Prabir Adarkar sold 24,489 shares of the firm’s stock in a transaction dated Monday, November 24th. The shares were sold at an average price of $187.36, for a total value of $4,588,259.04. Following the transaction, the chief operating officer directly owned 874,130 shares in the company, valued at $163,776,996.80. This trade represents a 2.73% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 644,980 shares of company stock worth $143,500,178 over the last ninety days. Corporate insiders own 5.83% of the company’s stock.

DoorDash Price Performance

Shares of NASDAQ:DASH opened at $234.25 on Friday. DoorDash, Inc. has a one year low of $155.40 and a one year high of $285.50. The company has a debt-to-equity ratio of 0.29, a current ratio of 2.04 and a quick ratio of 2.04. The firm has a market capitalization of $100.96 billion, a price-to-earnings ratio of 118.91 and a beta of 1.72. The company’s fifty day moving average price is $227.98 and its 200-day moving average price is $240.35.

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