DoorDash, Inc. $DASH Shares Acquired by Sowell Financial Services LLC

Sowell Financial Services LLC lifted its stake in DoorDash, Inc. (NASDAQ:DASH) by 702.6% during the third quarter, Holdings Channel reports. The fund owned 22,617 shares of the company’s stock after acquiring an additional 19,799 shares during the quarter. Sowell Financial Services LLC’s holdings in DoorDash were worth $4,151,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Evergreen Capital Management LLC grew its holdings in DoorDash by 36,727.0% during the third quarter. Evergreen Capital Management LLC now owns 618,693 shares of the company’s stock valued at $113,561,000 after purchasing an additional 617,013 shares during the last quarter. Manchester Capital Management LLC raised its position in shares of DoorDash by 85.3% in the third quarter. Manchester Capital Management LLC now owns 506 shares of the company’s stock valued at $93,000 after purchasing an additional 233 shares during the period. Farmers & Merchants Investments Inc. raised its position in shares of DoorDash by 58,938.2% in the third quarter. Farmers & Merchants Investments Inc. now owns 132,836 shares of the company’s stock valued at $24,382,000 after purchasing an additional 132,611 shares during the period. Wedbush Securities Inc. lifted its stake in shares of DoorDash by 1,001.2% in the third quarter. Wedbush Securities Inc. now owns 22,906 shares of the company’s stock worth $4,204,000 after buying an additional 20,826 shares during the last quarter. Finally, Sterling Capital Management LLC lifted its stake in shares of DoorDash by 33.1% in the third quarter. Sterling Capital Management LLC now owns 23,401 shares of the company’s stock worth $4,295,000 after buying an additional 5,815 shares during the last quarter. 90.64% of the stock is currently owned by institutional investors and hedge funds.

DoorDash Stock Performance

Shares of NASDAQ DASH opened at $179.00 on Friday. DoorDash, Inc. has a 12 month low of $143.30 and a 12 month high of $265.45. The company has a market cap of $77.56 billion, a P/E ratio of 93.72 and a beta of 1.90. The business’s 50 day moving average is $198.71 and its two-hundred day moving average is $183.29. The company has a quick ratio of 1.37, a current ratio of 1.37 and a debt-to-equity ratio of 0.27.

DoorDash (NASDAQ:DASH) last posted its quarterly earnings data on Thursday, October 29th. The company reported $1.06 earnings per share for the quarter, beating the consensus estimate of $0.81 by $0.25. DoorDash had a return on equity of 8.48% and a net margin of 5.29%. The company had revenue of $4.62 billion during the quarter, compared to analysts’ expectations of $4.56 billion. During the same period in the prior year, the business earned $0.55 earnings per share. DoorDash’s revenue for the quarter was up 34.0% compared to the same quarter last year. On average, equities analysts expect that DoorDash, Inc. will post 2.51 EPS for the current year.

More DoorDash News

Here are the key news stories impacting DoorDash this week:

• Positive Sentiment: Q3 earnings beat expectations. DoorDash reported adjusted earnings of $1.06 per share, versus the $0.81 analyst consensus, while revenue rose 34% year over year to $4.62 billion, topping estimates of $4.56 billion. The company said it set quarterly records for marketplace gross order volume, revenue and net income. DoorDash Q3 earnings report
• Positive Sentiment: Instacart acquisition expands DoorDash’s grocery opportunity. The cash-and-stock deal would combine DoorDash’s restaurant-delivery scale with Instacart’s grocery marketplace, strengthening the company’s position in local commerce and helping it compete with Amazon and Walmart. Both brands are expected to remain in operation, while the transaction could create cross-selling and delivery-network efficiencies. Closing is expected in late 2027 or the first half of 2028. DoorDash to acquire Instacart
• Neutral Sentiment: Instacart brings solid operating momentum. Instacart reported third-quarter gross transaction volume growth of 15%, revenue growth of 17%, and adjusted EBITDA growth of 23%, providing DoorDash with a growing grocery platform but also adding significant integration responsibilities. Instacart third-quarter results
• Negative Sentiment: Investors face execution, dilution and regulatory risks. The $17 billion purchase price is substantial, and the cash-and-stock structure could dilute DoorDash shareholders and pressure returns if anticipated synergies fail to materialize. Critics, including New York City Mayor Zohran Mamdani, warned that reduced competition could lead to higher customer prices and weaker worker conditions, potentially increasing antitrust and political scrutiny. Criticism of the DoorDash Instacart deal

Insider Buying and Selling at DoorDash

In other DoorDash news, CEO Tony Xu sold 29,567 shares of the stock in a transaction on Monday, August 24th. The shares were sold at an average price of $230.00, for a total value of $6,800,410.00. Following the completion of the sale, the chief executive officer directly owned 1,500 shares of the company’s stock, valued at $345,000. This represents a 95.17% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Stanley Tang sold 72,367 shares of the stock in a transaction on Friday, August 21st. The shares were sold at an average price of $225.16, for a total transaction of $16,294,153.72. Following the completion of the sale, the director directly owned 10,361 shares of the company’s stock, valued at approximately $2,332,882.76. This trade represents a 87.48% decrease in their ownership of the stock. 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. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold a total of 393,998 shares of company stock valued at $85,861,330 in the last three months. 44.90% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on DASH. The Goldman Sachs Group decreased their price objective on shares of DoorDash from $280.00 to $275.00 in a report on Thursday, August 6th. TD Cowen reiterated a “buy” rating on shares of DoorDash in a report on Tuesday. Sanford C. Bernstein reissued an “outperform” rating on shares of DoorDash in a research report on Thursday, September 3rd. Loop Capital boosted their target price on shares of DoorDash from $225.00 to $280.00 and gave the stock a “buy” rating in a research report on Tuesday, September 22nd. Finally, KeyCorp decreased their price target on shares of DoorDash from $280.00 to $275.00 and set an “overweight” rating for the company in a report on Tuesday, July 14th. Two equities research analysts have rated the stock with a Strong Buy rating, thirty-one have issued a Buy rating, eight have assigned a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $254.95.

DoorDash Profile

DoorDash, Inc (NASDAQ:DASH) operates a local commerce platform that connects consumers with restaurants, grocery stores, convenience retailers and other merchants. Through its website and mobile applications, customers can browse products, place orders for delivery or pickup, and access related services.

The company provides merchants with ordering, delivery, logistics, marketing and payment tools. Its offerings include the DoorDash Marketplace, subscription programs such as DashPass, and delivery infrastructure that merchants can use through services including DoorDash Drive.