State of New Jersey Common Pension Fund D Acquires 5,663 Shares of DoorDash, Inc. $DASH

State of New Jersey Common Pension Fund D boosted its holdings in DoorDash, Inc. (NASDAQ:DASH) by 4.7% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 126,772 shares of the company’s stock after purchasing an additional 5,663 shares during the period. State of New Jersey Common Pension Fund D’s holdings in DoorDash were worth $34,481,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of DASH. Greenland Capital Management LP boosted its holdings in DoorDash by 637.5% in the second quarter. Greenland Capital Management LP now owns 23,572 shares of the company’s stock worth $5,811,000 after acquiring an additional 20,376 shares in the last quarter. Geode Capital Management LLC raised its position in shares of DoorDash by 2.9% in the 2nd quarter. Geode Capital Management LLC now owns 7,951,230 shares of the company’s stock worth $1,950,711,000 after purchasing an additional 223,188 shares during the last quarter. Caprock Group LLC purchased a new position in shares of DoorDash in the 3rd quarter worth about $3,169,000. Williamson Legacy Group LLC bought a new position in DoorDash in the 2nd quarter worth about $1,264,000. Finally, Brighton Jones LLC grew its position in DoorDash by 24.0% during the 4th quarter. Brighton Jones LLC now owns 9,336 shares of the company’s stock valued at $1,566,000 after purchasing an additional 1,807 shares during the last quarter. 90.64% of the stock is owned by institutional investors.

Insider Activity at DoorDash

In other news, CEO Tony Xu sold 16,667 shares of the company’s stock in a transaction on Monday, January 5th. The stock was sold at an average price of $230.00, for a total value of $3,833,410.00. Following the completion of the sale, 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 transaction was disclosed in a document filed with the SEC, which is available at this link. Also, COO Prabir Adarkar sold 15,000 shares of the firm’s stock in a transaction on Tuesday, January 20th. The stock was sold at an average price of $204.59, for a total value of $3,068,850.00. Following the completion of the transaction, the chief operating officer directly owned 874,130 shares in the company, valued at approximately $178,838,256.70. This represents a 1.69% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 604,135 shares of company stock valued at $124,509,080 in the last three months. Corporate insiders own 5.83% of the company’s stock.

DoorDash Trading Down 0.5%

Shares of NASDAQ:DASH opened at $160.34 on Monday. The stock’s 50-day simple moving average is $213.26 and its two-hundred day simple moving average is $233.89. The stock has a market capitalization of $69.11 billion, a price-to-earnings ratio of 81.39 and a beta of 1.78. DoorDash, Inc. has a 52-week low of $155.40 and a 52-week 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.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on DASH. Cantor Fitzgerald lifted their target price on shares of DoorDash from $270.00 to $285.00 and gave the stock an “overweight” rating in a report on Thursday, January 8th. Mizuho decreased their price objective on shares of DoorDash from $350.00 to $320.00 and set an “outperform” rating for the company in a report on Wednesday, November 12th. Truist Financial increased their target price on DoorDash from $326.00 to $340.00 and gave the company a “buy” rating in a research note on Thursday, October 23rd. Stifel Nicolaus decreased their price target on DoorDash from $253.00 to $224.00 and set a “hold” rating for the company in a research note on Tuesday, January 27th. Finally, Royal Bank Of Canada lowered their price target on DoorDash from $300.00 to $270.00 and set an “outperform” rating on the stock in a report on Thursday, November 6th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-six have assigned a Buy rating and nine have issued a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $280.24.

Key Headlines Impacting DoorDash

Here are the key news stories impacting DoorDash this week:

• Positive Sentiment: Analyst/independent bullish notes reiterate BUY at discounted levels, arguing valuation and long-term growth justify owning DASH ahead of earnings. Read More.
• Positive Sentiment: Grocery and retail partnerships remain a growth tailwind — sector coverage on Kroger’s turnaround highlights DoorDash as a continuing last-mile partner, underscoring recurring GOV opportunity from grocery fulfillment. Read More.
• Positive Sentiment: Resolution of fraud schemes tied to phantom orders (sentencing reported) reduces an ongoing loss/operational risk and supports margin stability. Read More.
• Neutral Sentiment: Waymo is paying gig workers (including DoorDash drivers) to close robotaxi doors — demonstrates the value and flexibility of the Dasher workforce, but payments go to drivers (not DoorDash directly), so corporate revenue impact is unclear. Read More.
• Neutral Sentiment: Q4 preview/earnings expectations: previews show an in-line quarter is likely (Bank of America/Proactive), keeping guidance risk moderate heading into the Feb. 18 report. Read More.
• Neutral Sentiment: Short-interest items circulating look inconsistent/erroneous (zeros/NaN), so current short-interest headlines are noisy and unlikely to be a reliable near-term driver until clarified.
• Negative Sentiment: Multiple driver-related safety incidents and arrests (stabbing attempt, accidental shooting, delivery-related arrests) are generating adverse headlines and reputational risk that can pressure the stock. Read More. | Read More.
• Negative Sentiment: Fatal hit‑and‑run coverage and related family lawsuits spotlight potential litigation and regulatory exposure that could create headline risk and legal costs. Read More.
• Negative Sentiment: Insider selling: Director Shona L. Brown sold 1,250 shares recently — investors sometimes view insider sales negatively when combined with other near-term headwinds. Read More.

DoorDash 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.