Nordea Investment Management AB Increases Position in DoorDash, Inc. $DASH

Nordea Investment Management AB lifted its stake in DoorDash, Inc. (NASDAQ:DASH) by 2.0% in the 4th quarter, Holdings Channel reports. The firm owned 2,264,568 shares of the company’s stock after purchasing an additional 44,341 shares during the quarter. Nordea Investment Management AB’s holdings in DoorDash were worth $515,167,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Brighton Jones LLC grew its position in DoorDash by 24.0% during the fourth quarter. Brighton Jones LLC now owns 9,336 shares of the company’s stock worth $1,566,000 after buying an additional 1,807 shares during the period. Integrated Wealth Concepts LLC lifted its position in shares of DoorDash by 21.5% during the 1st quarter. Integrated Wealth Concepts LLC now owns 1,715 shares of the company’s stock valued at $314,000 after acquiring an additional 303 shares during the period. Empowered Funds LLC lifted its position 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 acquiring an additional 285 shares during the period. Sivia Capital Partners LLC boosted its stake in shares of DoorDash by 92.9% during the 2nd quarter. Sivia Capital Partners LLC now owns 4,255 shares of the company’s stock worth $1,049,000 after acquiring an additional 2,049 shares in the last quarter. Finally, Cetera Investment Advisers boosted its stake in shares of DoorDash by 45.2% during the 2nd quarter. Cetera Investment Advisers now owns 26,425 shares of the company’s stock worth $6,514,000 after acquiring an additional 8,228 shares in the last quarter. Hedge funds and other institutional investors own 90.64% of the company’s stock.

Insider Activity at DoorDash

In other news, Director Shona L. Brown sold 1,250 shares of DoorDash stock in a transaction dated Monday, March 9th. The shares were sold at an average price of $176.61, for a total transaction of $220,762.50. Following the completion of the sale, the director directly owned 31,002 shares in the company, valued at $5,475,263.22. The trade was a 3.88% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Tony Xu sold 16,667 shares of the business’s stock in a transaction that occurred on 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 completion of the transaction, the chief executive officer directly owned 1,500 shares of the company’s stock, valued at approximately $345,000. This represents a 91.74% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 187,317 shares of company stock worth $41,168,331 over the last three months. Company insiders own 5.83% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently weighed in on the company. Citizens Jmp reduced their price objective on DoorDash from $285.00 to $250.00 and set a “market outperform” rating for the company in a report on Friday, February 20th. Piper Sandler reissued a “neutral” rating and issued a $220.00 target price (down from $230.00) on shares of DoorDash in a report on Thursday, February 19th. Guggenheim cut their price target on DoorDash from $275.00 to $255.00 and set a “buy” rating for the company in a research note on Thursday, February 19th. Citigroup lowered their price objective on shares of DoorDash from $283.00 to $280.00 and set a “buy” rating on the stock in a research note on Friday, February 20th. Finally, Bank of America lifted their target price on shares of DoorDash from $260.00 to $272.00 and gave the stock a “buy” rating in a research report on Thursday, February 19th. One research analyst has rated the stock with a Strong Buy rating, twenty-six have issued a Buy rating and nine have assigned a Hold rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $262.82.

Trending Headlines about DoorDash

Here are the key news stories impacting DoorDash this week:

• Positive Sentiment: DoorDash launched “Tasks,” an app that pays couriers to submit photos/videos to train AI models — this creates a proprietary data pipeline and potential new revenue/AI moat if DoorDash monetizes or improves logistics automation. DoorDash Is Turning 8 Million Couriers Into An AI Training Machine
• Positive Sentiment: Partnership with Foot Locker, Kids Foot Locker and Champs Sports expands DoorDash Marketplace into on‑demand retail, diversifying order mix beyond restaurants and potentially lifting GMV and frequency. DoorDash Teams Up with Foot Locker…
• Positive Sentiment: Positive PR bump from CEO donating to a viral fundraiser for an elderly driver — goodwill can help public perception amid service/worker debates. (UPDATE) DoorDash CEO Adds $20,000…
• Neutral Sentiment: Analysts rate DoorDash around “Moderate Buy” on average — suggests mixed but constructive institutional view that still expects growth. DoorDash Given Average Rating…
• Neutral Sentiment: Short‑interest data in recent reports appears inconsistent (values show 0 shares/NaN), so current published short figures are unreliable and probably not the primary driver of intraday moves.
• Negative Sentiment: Investors remain focused on DoorDash’s recent earnings miss and guidance — coverage notes the stock has fallen since the report, raising near‑term valuation concerns and pressuring the share price. DoorDash (DASH) Down 9.6% Since Last Earnings Report
• Negative Sentiment: The Tasks program raises labor, privacy and regulatory risks (workers filming in homes, additional per‑task payouts and potential backlash), which could add costs or invite scrutiny even as it builds data assets. DoorDash taps millions of couriers to train artificial intelligence

DoorDash Stock Down 1.6%

DASH opened at $156.64 on Friday. The company has a quick ratio of 1.41, a current ratio of 1.41 and a debt-to-equity ratio of 0.27. The firm has a market cap of $68.05 billion, a P/E ratio of 73.89 and a beta of 1.82. DoorDash, Inc. has a 52 week low of $153.00 and a 52 week high of $285.50. The business’s fifty day simple moving average is $184.54 and its 200 day simple moving average is $219.85.

DoorDash (NASDAQ:DASH) last announced its earnings results on Wednesday, February 18th. The company reported $0.48 earnings per share for the quarter, missing the consensus estimate of $0.58 by ($0.10). The firm had revenue of $3.96 billion during the quarter, compared to analyst estimates of $3.98 billion. DoorDash had a net margin of 6.82% and a return on equity of 10.15%. The company’s revenue for the quarter was up 37.7% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.33 EPS. As a group, equities research analysts anticipate that DoorDash, Inc. will post 2.22 EPS for the current fiscal year.

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.