MGO One Seven LLC Lowers Holdings in DoorDash, Inc. $DASH

MGO One Seven LLC reduced its position in shares of DoorDash, Inc. (NASDAQ:DASH) by 65.7% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,935 shares of the company’s stock after selling 3,714 shares during the period. MGO One Seven LLC’s holdings in DoorDash were worth $438,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Physician Wealth Advisors Inc. boosted its stake in DoorDash by 284.0% during the third quarter. Physician Wealth Advisors Inc. now owns 96 shares of the company’s stock valued at $26,000 after buying an additional 71 shares during the period. Eastern Bank grew its holdings in shares of DoorDash by 714.3% during the fourth quarter. Eastern Bank now owns 114 shares of the company’s stock worth $26,000 after purchasing an additional 100 shares in the last quarter. ST Germain D J Co. Inc. purchased a new stake in DoorDash in the fourth quarter valued at approximately $29,000. Sunbelt Securities Inc. lifted its position in DoorDash by 124.1% during the third quarter. Sunbelt Securities Inc. now owns 121 shares of the company’s stock valued at $33,000 after purchasing an additional 67 shares during the last quarter. Finally, Morse Asset Management Inc purchased a new position in DoorDash in the 3rd quarter worth approximately $36,000. Institutional investors own 90.64% of the company’s stock.

DoorDash Trading Up 3.1%

NASDAQ DASH opened at $153.70 on Friday. DoorDash, Inc. has a 1-year low of $143.30 and a 1-year high of $285.50. The company has a current ratio of 1.43, a quick ratio of 1.43 and a debt-to-equity ratio of 0.27. The stock has a 50-day moving average of $164.95 and a 200-day moving average of $193.39. The firm has a market cap of $66.77 billion, a PE ratio of 73.19 and a beta of 1.87.

DoorDash (NASDAQ:DASH) last posted its quarterly earnings results on Wednesday, May 6th. The company reported $0.42 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.36 by $0.06. DoorDash had a return on equity of 9.58% and a net margin of 6.29%.The business had revenue of $4.04 billion for the quarter, compared to analyst estimates of $4.15 billion. During the same period last year, the company earned $0.44 EPS. DoorDash’s revenue for the quarter was up 33.1% compared to the same quarter last year. As a group, sell-side analysts forecast that DoorDash, Inc. will post 2.45 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on DASH shares. DA Davidson decreased their price target on shares of DoorDash from $224.00 to $200.00 and set a “neutral” rating on the stock in a report on Thursday, May 7th. Zacks Research raised DoorDash from a “strong sell” rating to a “hold” rating in a research note on Tuesday. Mizuho lowered their price target on DoorDash from $320.00 to $255.00 and set an “outperform” rating on the stock in a research report on Tuesday, March 3rd. Susquehanna cut their price objective on DoorDash from $250.00 to $225.00 and set a “positive” rating for the company in a report on Friday, May 8th. Finally, Morgan Stanley reiterated an “overweight” rating and set a $275.00 price objective on shares of DoorDash in a research report on Thursday, February 19th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-five have given a Buy rating and nine have assigned a Hold rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $259.58.

Insider Buying and Selling

In related news, COO Prabir Adarkar sold 10,000 shares of DoorDash 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 transaction, the chief operating officer directly owned 843,678 shares of the company’s stock, valued at $158,898,314.52. The trade was a 1.17% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Stanley Tang sold 21,433 shares of the company’s stock in a transaction on Thursday, April 2nd. The shares were sold at an average price of $150.00, for a total transaction of $3,214,950.00. Following the sale, the director owned 19,279 shares of the company’s stock, valued at $2,891,850. This represents a 52.65% decrease in their ownership of the stock. 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 42,683 shares of company stock valued at $6,908,813 over the last three months. 5.83% of the stock is owned by company insiders.

DoorDash News Summary

Here are the key news stories impacting DoorDash this week:

• Positive Sentiment: DoorDash was upgraded by Zacks Research from “strong sell” to “hold,” which can improve sentiment by signaling less downside risk than before.
• Positive Sentiment: Urban Outfitters launched on DoorDash through a new nationwide partnership, expanding DASH’s on-demand retail offering and reinforcing its push beyond restaurant delivery into broader local commerce. Urban Outfitters and DoorDash Partner to Bring On-Demand Style to Gen Z
• Positive Sentiment: An analyst said DoorDash could pose a disruption risk to payments firms, suggesting the company’s platform may have growing influence across the broader commerce and payments ecosystem.
• Positive Sentiment: Recent coverage highlighted that DoorDash stock is up, likely reflecting investor relief after the company posted strong Q1 growth and continued to show expansion in revenue and usage trends.
• Neutral Sentiment: Several news items about driver safety incidents and a separate report about a DoorDash executive’s cruise have little direct fundamental impact on the company’s operating outlook, though they may add headline risk.
• Negative Sentiment: DoorDash recently trimmed its margin outlook despite strong first-quarter growth, which could temper enthusiasm if investors focus more on profitability than revenue expansion. DoorDash posts strong Q1 growth but trims margin outlook

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.