Resona Asset Management Co. Ltd. Cuts Stake in DoorDash, Inc. $DASH

Resona Asset Management Co. Ltd. decreased its holdings in DoorDash, Inc. (NASDAQ:DASH) by 4.9% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 110,818 shares of the company’s stock after selling 5,764 shares during the period. Resona Asset Management Co. Ltd.’s holdings in DoorDash were worth $30,151,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Brighton Jones LLC raised its stake in DoorDash by 24.0% in the fourth quarter. Brighton Jones LLC now owns 9,336 shares of the company’s stock valued at $1,566,000 after buying an additional 1,807 shares during the last quarter. Integrated Wealth Concepts LLC grew its position in DoorDash by 21.5% during the 1st quarter. Integrated Wealth Concepts LLC now owns 1,715 shares of the company’s stock worth $314,000 after purchasing an additional 303 shares during the period. Empowered Funds LLC raised its stake in shares of DoorDash by 3.6% during the 1st quarter. Empowered Funds LLC now owns 8,130 shares of the company’s stock valued at $1,486,000 after buying an additional 285 shares during the last quarter. Sivia Capital Partners LLC boosted its stake in shares of DoorDash by 92.9% in the second quarter. Sivia Capital Partners LLC now owns 4,255 shares of the company’s stock worth $1,049,000 after buying an additional 2,049 shares during the last quarter. Finally, TD Private Client Wealth LLC grew its stake in shares of DoorDash by 41.9% during the 2nd quarter. TD Private Client Wealth LLC now owns 1,630 shares of the company’s stock worth $402,000 after purchasing an additional 481 shares during the period. Institutional investors own 90.64% of the company’s stock.

Insider Buying and Selling at DoorDash

In other news, CEO Tony Xu sold 16,667 shares of the stock in a transaction dated Monday, January 5th. The shares were sold at an average price of $230.00, for a total transaction of $3,833,410.00. Following the transaction, the chief executive officer directly owned 1,500 shares in the company, valued at $345,000. This represents a 91.74% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, COO Prabir Adarkar sold 15,000 shares of the business’s stock in a transaction on Tuesday, January 20th. The shares were sold at an average price of $204.59, for a total transaction of $3,068,850.00. Following the sale, the chief operating officer directly owned 874,130 shares of the company’s stock, valued at $178,838,256.70. This represents a 1.69% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have sold 632,885 shares of company stock valued at $133,222,817. 5.83% of the stock is currently owned by insiders.

DoorDash Price Performance

Shares of NASDAQ DASH opened at $207.23 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 quick ratio of 2.04 and a current ratio of 2.04. The firm has a market capitalization of $89.32 billion, a P/E ratio of 105.19 and a beta of 1.70. The company’s fifty day moving average is $217.08 and its two-hundred day moving average is $239.17.

DoorDash (NASDAQ:DASH) last issued its quarterly earnings data on Wednesday, November 5th. The company reported $0.55 EPS for the quarter, missing analysts’ consensus estimates of $0.68 by ($0.13). The business had revenue of $3.45 billion during the quarter, compared to analyst estimates of $3.35 billion. DoorDash had a net margin of 6.83% and a return on equity of 9.97%. DoorDash’s revenue was up 27.3% on a year-over-year basis. During the same period in the previous year, the company posted $0.38 earnings per share. Analysts forecast that DoorDash, Inc. will post 2.22 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on DASH. KeyCorp decreased their price objective on DoorDash from $280.00 to $275.00 and set an “overweight” rating on the stock in a report on Tuesday, January 20th. DA Davidson restated a “neutral” rating and issued a $260.00 target price on shares of DoorDash in a research report on Thursday, November 6th. BNP Paribas Exane began coverage on shares of DoorDash in a research report on Wednesday, January 14th. They set an “outperform” rating and a $280.00 price target for the company. Wells Fargo & Company upped their price objective on shares of DoorDash from $239.00 to $251.00 and gave the stock an “equal weight” rating in a report on Thursday, January 8th. Finally, Wall Street Zen downgraded shares of DoorDash from a “buy” rating to a “hold” rating in a research note on Saturday, November 1st. Three investment analysts have rated the stock with a Strong Buy rating, twenty-five have assigned a Buy rating, seven have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, DoorDash has an average rating of “Moderate Buy” and a consensus price target of $281.26.

Key Headlines Impacting DoorDash

Here are the key news stories impacting DoorDash this week:

• Positive Sentiment: DoorDash says it applied AI across chat and calls to detect and defuse unsafe interactions, cutting reported incidents by ~50% — a meaningful operational improvement that can reduce liability, lower driver churn and improve marketplace trust. DoorDash Applies AI to Safety Across Chat and Calls, Cutting Incidents by 50%
• Positive Sentiment: Hibbett launched on DoorDash nationwide, expanding DoorDash’s retail assortment beyond food and groceries — a distribution win that supports revenue diversification and incremental GMV. Hibbett Launches on DoorDash
• Neutral Sentiment: Severe weather coverage warns consumers/drivers to avoid driving during a D-FW winter storm — a temporary drop in delivery activity in affected regions but not a company-specific structural issue. Should you Uber, Lyft, Doordash during D-FW winter storm?
• Negative Sentiment: A federal judge rejected DoorDash and Uber’s bid to block New York City’s tipping rules and related mandates (including a required 10% tip prompt) — a legal setback that increases the chance of changes that could boost customer tips but pressure platform commissions and take-rates in a major market. Judge rejects DoorDash, Uber bid to block NYC tipping laws Doordash, Uber fail to stop NYC law requiring 10% tip prompt
• Negative Sentiment: COO Prabir Adarkar sold 15,000 shares (~1.7% reduction of his recent position) — an insider sale that can weigh on sentiment even though his remaining stake remains large. SEC filing and coverage noted the trade. DoorDash COO Prabir Adarkar Sells 15,000 Shares
• Negative Sentiment: KeyCorp cut its price target to $275 — a downward analyst revision that can temper buy-side enthusiasm and price momentum. KeyCorp Lowers DoorDash Price Target
• Negative Sentiment: Recent reports of assaults and a knife threat against DoorDash drivers highlight ongoing safety risks that tie back to liability, insurance and retention costs despite the company’s AI safety push. Police look for man accused of flashing a knife at a DoorDash driver DoorDash driver reports armed robbery during delivery

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.