Swiss National Bank Has $170.10 Million Stock Holdings in DoorDash, Inc. $DASH

Swiss National Bank raised its stake in shares of DoorDash, Inc. (NASDAQ:DASH) by 8.1% during the 1st quarter, HoldingsChannel reports. The firm owned 1,132,840 shares of the company’s stock after purchasing an additional 85,360 shares during the quarter. Swiss National Bank’s holdings in DoorDash were worth $170,096,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently modified their holdings of the company. MV Capital Management Inc. acquired a new stake in shares of DoorDash in the fourth quarter worth $26,000. Eastern Bank grew its stake in DoorDash by 714.3% in the 4th quarter. Eastern Bank now owns 114 shares of the company’s stock valued at $26,000 after buying an additional 100 shares during the last quarter. Sunbelt Securities Inc. grew its stake in DoorDash by 124.1% in the 3rd quarter. Sunbelt Securities Inc. now owns 121 shares of the company’s stock valued at $33,000 after buying an additional 67 shares during the last quarter. Swiss RE Ltd. bought a new position in DoorDash in the 4th quarter worth $28,000. Finally, ST Germain D J Co. Inc. bought a new position in DoorDash in the 4th quarter worth $29,000. Institutional investors own 90.64% of the company’s stock.

Wall Street Analyst Weigh In

DASH has been the subject of a number of research analyst reports. Moffett Nathanson set a $276.00 target price on shares of DoorDash in a research report on Wednesday, April 15th. BTIG Research lowered their price target on DoorDash from $280.00 to $225.00 and set a “buy” rating on the stock in a research report on Friday, June 12th. DA Davidson dropped their price objective on DoorDash from $224.00 to $200.00 and set a “neutral” rating on the stock in a research note on Thursday, May 7th. The Goldman Sachs Group set a $280.00 price objective on DoorDash in a research report on Thursday, May 7th. Finally, Rothschild & Co Redburn set a $350.00 target price on DoorDash in a research note on Tuesday, May 12th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-four have assigned a Buy rating and ten have given a Hold rating to the company. According to data from MarketBeat, DoorDash has an average rating of “Moderate Buy” and an average target price of $252.89.

DoorDash Price Performance

NASDAQ:DASH opened at $184.14 on Monday. The stock has a market cap of $80.23 billion, a P/E ratio of 87.69 and a beta of 1.78. DoorDash, Inc. has a one year low of $143.30 and a one year high of $285.50. The company has a fifty day moving average price of $169.76 and a 200 day moving average price of $177.30. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.43 and a quick ratio of 1.43.

DoorDash (NASDAQ:DASH) last issued its quarterly earnings results on Wednesday, May 6th. The company reported $0.42 earnings per share for the quarter, beating analysts’ consensus estimates of $0.36 by $0.06. The firm had revenue of $4.04 billion during the quarter, compared to the consensus estimate of $4.15 billion. DoorDash had a net margin of 6.29% and a return on equity of 9.58%. The business’s revenue was up 33.1% on a year-over-year basis. During the same period in the prior year, the firm earned $0.44 EPS. Analysts anticipate that DoorDash, Inc. will post 2.39 earnings per share for the current year.

Insider Buying and Selling at DoorDash

In other DoorDash news, Director Andy Fang sold 5,000 shares of the company’s stock in a transaction that occurred on Wednesday, June 24th. The stock was sold at an average price of $180.00, for a total value of $900,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Ravi Inukonda sold 19,095 shares of the firm’s stock in a transaction that occurred on Wednesday, July 8th. The stock was sold at an average price of $188.04, for a total value of $3,590,623.80. Following the completion of the sale, the chief financial officer owned 252,443 shares of the company’s stock, valued at $47,469,381.72. This represents a 7.03% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 74,927 shares of company stock valued at $13,241,532 over the last quarter. Company insiders own 5.83% of the company’s stock.

Key Headlines Impacting DoorDash

Here are the key news stories impacting DoorDash this week:

• Positive Sentiment: Wedbush initiated coverage on DoorDash with a neutral rating and a $205 price target, implying upside from current levels and signaling Wall Street still sees value in the stock. Benzinga report on Wedbush coverage
• Positive Sentiment: DoorDash unveiled new developer-focused tools, including the dd-cli AI command-line tool for macOS, and also said it will let AI agents place real food orders, which could broaden usage and highlight the company’s push into AI-enabled commerce. TechCrunch article Yahoo Finance article
• Neutral Sentiment: DoorDash is also being mentioned in stories about robots on New Mexico roads and a DoorDash “index” on burger prices in California; these are more business-interest and brand-awareness items than direct stock drivers. Yahoo News article on robots Yahoo Finance article on DoorDash index
• Negative Sentiment: A new lawsuit seeking $25 million claims DoorDash allowed an unlicensed driver to make deliveries, adding to liability and regulatory risk around its delivery network. Daily Press lawsuit article
• Negative Sentiment: Uber’s planned Delivery Hero acquisition is fueling competition concerns, with some coverage saying the deal could make Uber the world’s largest food-delivery player outside China and strengthen a major rival to DoorDash. Business Insider article Zacks article

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.