Concurrent Investment Advisors LLC Purchases 3,965 Shares of DoorDash, Inc. $DASH

Concurrent Investment Advisors LLC boosted its position in shares of DoorDash, Inc. (NASDAQ:DASH) by 105.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 7,708 shares of the company’s stock after acquiring an additional 3,965 shares during the period. Concurrent Investment Advisors LLC’s holdings in DoorDash were worth $1,746,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. China Universal Asset Management Co. Ltd. increased its stake in DoorDash by 4.3% during the fourth quarter. China Universal Asset Management Co. Ltd. now owns 21,249 shares of the company’s stock valued at $4,812,000 after acquiring an additional 877 shares during the period. NBC Securities Inc. increased its stake in DoorDash by 50.7% during the fourth quarter. NBC Securities Inc. now owns 5,415 shares of the company’s stock valued at $1,226,000 after acquiring an additional 1,821 shares during the period. Lebenthal Global Advisors LLC increased its stake in DoorDash by 35.3% during the fourth quarter. Lebenthal Global Advisors LLC now owns 2,608 shares of the company’s stock valued at $591,000 after acquiring an additional 680 shares during the period. Arizona State Retirement System increased its stake in DoorDash by 1.8% during the fourth quarter. Arizona State Retirement System now owns 106,716 shares of the company’s stock valued at $24,169,000 after acquiring an additional 1,930 shares during the period. Finally, Geneos Wealth Management Inc. increased its stake in DoorDash by 9.6% during the fourth quarter. Geneos Wealth Management Inc. now owns 3,697 shares of the company’s stock valued at $837,000 after acquiring an additional 323 shares during the period. 90.64% of the stock is currently owned by institutional investors.

More DoorDash News

Here are the key news stories impacting DoorDash this week:

• Positive Sentiment: Lone Pine (Stephen Mandel) opened a new/expanded position in DoorDash, signaling renewed hedge-fund conviction in DASH’s long-term growth thesis. Read More.
• Positive Sentiment: TD Cowen upgraded DoorDash to a “strong-buy” with a $225 price target, which implies meaningful upside vs. current levels and can attract momentum buyers. Read More.
• Positive Sentiment: DoorDash is expanding its grocery footprint via new partnerships (including Empire/Harps and multiple grocery partners), supporting TAM expansion and recurring order growth from grocery delivery. Read More.
• Neutral Sentiment: DoorDash rolled out promotions in April to stimulate orders as consumers tighten spending—positive for short-term volume but pressure on margins depends on promo economics. Read More.
• Negative Sentiment: Analysts expect a decline in upcoming earnings and flag that DoorDash may lack the drivers for an earnings beat, a near-term earnings miss could weigh on sentiment. Read More.
• Negative Sentiment: Merchant pushback over fees: a restaurateur cited ~$188K in delivery fees as the reason to leave DoorDash and Uber Eats, highlighting margin friction with restaurant partners. Read More.
• Negative Sentiment: Operational/PR incidents — several local stories about stolen orders, misuse of city resources while delivering DoorDash, and a fatal crash involving a DoorDash delivery driver — create reputational and regulatory risk that can pressure sentiment. Read More.

Analysts Set New Price Targets

Several brokerages recently issued reports on DASH. Wells Fargo & Company lowered their price target on DoorDash from $221.00 to $198.00 and set an “equal weight” rating on the stock in a research note on Monday, March 30th. Sanford C. Bernstein lowered their price target on DoorDash from $285.00 to $270.00 and set an “outperform” rating on the stock in a research note on Thursday, February 19th. Stifel Nicolaus lowered their price target on DoorDash from $215.00 to $185.00 and set a “hold” rating on the stock in a research note on Monday, April 13th. The Goldman Sachs Group set a $267.00 price target on DoorDash in a research note on Monday, February 2nd. Finally, BNP Paribas Exane started coverage on DoorDash in a research note on Wednesday, January 14th. They set an “outperform” rating and a $280.00 price target on the stock. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-five have issued a Buy rating, eight have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, DoorDash currently has a consensus rating of “Moderate Buy” and a consensus price target of $260.29.

DoorDash Stock Down 1.5%

NASDAQ DASH opened at $169.33 on Thursday. The firm has a market cap of $73.56 billion, a PE ratio of 79.87 and a beta of 1.93. DoorDash, Inc. has a one year low of $143.30 and a one year high of $285.50. The stock’s 50 day simple moving average is $167.15 and its 200 day simple moving average is $200.32. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.41 and a quick ratio of 1.41.

DoorDash (NASDAQ:DASH) last posted its quarterly earnings data on Wednesday, February 18th. The company reported $0.48 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.58 by ($0.10). DoorDash had a return on equity of 10.15% and a net margin of 6.82%.The firm had revenue of $3.96 billion for the quarter, compared to analyst estimates of $3.98 billion. During the same period in the prior year, the company posted $0.33 EPS. The firm’s quarterly revenue was up 37.7% compared to the same quarter last year. As a group, sell-side analysts forecast that DoorDash, Inc. will post 2.51 earnings per share for the current fiscal year.

Insider Activity

In other news, Director Shona L. Brown sold 1,250 shares of the stock in a transaction on Monday, March 9th. The stock was sold at an average price of $176.61, for a total value of $220,762.50. Following the transaction, the director owned 31,002 shares of the company’s stock, valued at $5,475,263.22. This represents a 3.88% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, COO Prabir Adarkar sold 10,000 shares of the stock in a transaction on Monday, April 20th. The shares were sold at an average price of $188.34, for a total value of $1,883,400.00. Following the completion of the transaction, the chief operating officer directly owned 843,678 shares in the company, valued at approximately $158,898,314.52. This trade represents a 1.17% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 89,406 shares of company stock valued at $16,639,624 in the last 90 days. 5.83% of the stock is owned by company insiders.

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.