Tradewinds LLC. Makes New Investment in DoorDash, Inc. $DASH

Tradewinds LLC. purchased a new stake in DoorDash, Inc. (NASDAQ:DASH) during the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 29,089 shares of the company’s stock, valued at approximately $7,912,000. DoorDash makes up approximately 1.9% of Tradewinds LLC.’s investment portfolio, making the stock its 14th largest holding.

Several other institutional investors and hedge funds also recently modified their holdings of the company. Norges Bank bought a new stake in DoorDash in the 2nd quarter valued at approximately $1,185,576,000. Vanguard Group Inc. grew its stake in shares of DoorDash by 4.6% during the 2nd quarter. Vanguard Group Inc. now owns 41,190,085 shares of the company’s stock worth $10,153,768,000 after acquiring an additional 1,792,799 shares in the last quarter. Scge Management L.P. acquired a new stake in shares of DoorDash in the second quarter valued at approximately $267,463,000. Ninety One UK Ltd acquired a new stake in shares of DoorDash in the third quarter valued at approximately $259,154,000. Finally, AQR Capital Management LLC lifted its position in shares of DoorDash by 43.5% in the second quarter. AQR Capital Management LLC now owns 2,633,971 shares of the company’s stock worth $643,084,000 after purchasing an additional 797,849 shares in the last quarter. 90.64% of the stock is owned by institutional investors and hedge funds.

Insider Activity at DoorDash

In other news, CFO Ravi Inukonda sold 1,017 shares of the company’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 transaction, the chief financial officer owned 208,412 shares of the company’s stock, valued at approximately $44,837,757.68. This represents a 0.49% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Stanley Tang sold 45,410 shares of the stock in a transaction that occurred on Friday, January 2nd. The stock was sold at an average price of $222.53, for a total value of $10,105,087.30. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 617,885 shares of company stock valued at $130,153,967. Insiders own 5.83% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on DASH. Guggenheim reiterated a “buy” rating and issued a $280.00 price target on shares of DoorDash in a research note on Wednesday, November 19th. Barclays lowered their target price on DoorDash from $272.00 to $238.00 and set an “equal weight” rating on the stock in a research report on Thursday, November 6th. BNP Paribas began coverage on DoorDash in a research report on Wednesday. They set an “outperform” rating and a $280.00 price target for the company. BNP Paribas Exane initiated coverage on DoorDash in a research report on Wednesday, January 14th. They set an “outperform” rating and a $280.00 price target on the stock. Finally, Susquehanna dropped their price objective on DoorDash from $300.00 to $250.00 and set a “positive” rating on the stock in a research note on Friday, November 7th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-six have assigned a Buy rating, nine have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $278.05.

Key Headlines Impacting DoorDash

Here are the key news stories impacting DoorDash this week:

• Positive Sentiment: BNP Paribas upgraded DoorDash to “strong-buy,” signaling institutional optimism about the shares and potentially supporting demand. Read More.
• Positive Sentiment: BNP Paribas Exane initiated coverage of DASH, which can increase analyst attention and liquidity for the stock. Read More.
• Neutral Sentiment: DoorDash published data on big-game food trends, highlighting platform engagement and marketing/consumer demand insights that support revenue visibility around events. Read More.
• Neutral Sentiment: A viral local news story showed police delivering a pizza after a DoorDash driver was arrested; reputationally noteworthy but unlikely to move fundamentals. Read More.
• Negative Sentiment: DoorDash’s Chief Revenue Officer Lee Brown departed after about five months — a sign of executive turnover in a revenue-facing role that can spook investors concerned about sales execution. Read More.
• Negative Sentiment: Insiders sold shares: CFO Ravi Inukonda sold 1,017 shares (SEC Form 4 filing) and a Director sold about $277,900 of stock — modest but visible insider selling that can be read negatively by the market. Read More. Read More.
• Negative Sentiment: New reports and a city lawsuit allege DoorDash and competitors shortchanged delivery workers of roughly $550M in tips — a regulatory/legal risk that could lead to fines, settlements or changes to the business model. Read More.

DoorDash Stock Performance

DASH opened at $205.32 on Monday. 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, Inc. has a 12-month low of $155.40 and a 12-month high of $285.50. The business has a 50 day moving average of $216.50 and a 200-day moving average of $240.38. The stock has a market cap of $88.49 billion, a price-to-earnings ratio of 104.22 and a beta of 1.70.

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

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.