Generali Asset Management SPA SGR Cuts Holdings in DoorDash, Inc. $DASH

Generali Asset Management SPA SGR trimmed its position in DoorDash, Inc. (NASDAQ:DASH) by 50.4% in the third quarter, HoldingsChannel reports. The firm owned 9,165 shares of the company’s stock after selling 9,329 shares during the quarter. Generali Asset Management SPA SGR’s holdings in DoorDash were worth $2,493,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Pacific Center for Financial Services purchased a new position in shares of DoorDash in the 1st quarter worth approximately $27,000. GFG Capital LLC bought a new stake in DoorDash during the second quarter worth $30,000. Sound Income Strategies LLC boosted its position in DoorDash by 2,760.0% in the third quarter. Sound Income Strategies LLC now owns 143 shares of the company’s stock worth $39,000 after purchasing an additional 138 shares during the last quarter. NewSquare Capital LLC grew its stake in DoorDash by 610.3% in the 2nd quarter. NewSquare Capital LLC now owns 206 shares of the company’s stock valued at $51,000 after purchasing an additional 177 shares during the period. Finally, Farmers & Merchants Investments Inc. purchased a new stake in shares of DoorDash during the 2nd quarter valued at $52,000. Hedge funds and other institutional investors own 90.64% of the company’s stock.

DoorDash News Summary

Here are the key news stories impacting DoorDash this week:

• Positive Sentiment: Brokerages issued a consensus rating of “Moderate Buy,” which supports investor confidence in DoorDash’s growth outlook and may limit downside from the negative headlines. DoorDash Receives Consensus Rating of Moderate Buy
• Positive Sentiment: DoorDash says it has banned a driver over an alleged AI delivery scam, signaling stronger fraud enforcement and a “zero tolerance” stance that could reassure merchants and customers. DoorDash bans driver over alleged AI delivery scam
• Neutral Sentiment: Reports that some customers are using AI to alter photos of takeout orders for refunds highlight a growing operational and fraud risk across the delivery industry; this is a developing issue that could pressure costs if it becomes widespread. Sneaky customers using AI to alter pictures of takeout orders
• Negative Sentiment: Multiple local outlets report a serious assault allegedly involving a DoorDash driver in Wixom, Mich.; a 75-year-old man is in critical/coma condition and a driver has been charged. These safety and liability stories raise regulatory, legal and reputational risk for DoorDash. DoorDash driver accused of assaulting 75-year-old Wixom man
• Negative Sentiment: Additional outlets (Yahoo, ClickOnDetroit, MSN) amplify the assault coverage—emphasis on an elderly victim and the driver’s misdemeanor/assault charges—which can amplify reputational damage and prompt closer scrutiny from regulators and partners. Elderly man in coma after alleged attack during DoorDash

DoorDash Stock Down 3.0%

DASH opened at $219.79 on Friday. DoorDash, Inc. has a 12 month low of $155.40 and a 12 month high of $285.50. The company has a market cap of $94.73 billion, a PE ratio of 111.57 and a beta of 1.70. The company has a current ratio of 2.04, a quick ratio of 2.04 and a debt-to-equity ratio of 0.29. The company has a 50 day moving average of $221.16 and a 200 day moving average of $241.35.

DoorDash (NASDAQ:DASH) last issued its earnings results on Wednesday, November 5th. The company reported $0.55 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.68 by ($0.13). DoorDash had a net margin of 6.83% and a return on equity of 9.97%. The business had revenue of $3.45 billion for the quarter, compared to the consensus estimate of $3.35 billion. During the same period in the previous year, the firm earned $0.38 EPS. The company’s revenue was up 27.3% compared to the same quarter last year. On average, sell-side analysts expect that DoorDash, Inc. will post 2.22 EPS for the current year.

Insider Buying and Selling at DoorDash

In other news, Director Andy Fang sold 25,000 shares of the company’s stock in a transaction dated Monday, December 1st. The stock was sold at an average price of $204.95, for a total transaction of $5,123,750.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Tony Xu sold 16,667 shares of the firm’s stock in a transaction that occurred on Thursday, December 18th. 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 owned 1,500 shares of the company’s stock, valued at $345,000. This trade represents a 91.74% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 552,009 shares of company stock worth $116,796,284 in the last three months. 5.83% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on DASH shares. Bank of America cut their price target on shares of DoorDash from $325.00 to $305.00 and set a “buy” rating on the stock in a report on Thursday, November 6th. Guggenheim reiterated a “buy” rating and issued a $280.00 target price on shares of DoorDash in a research note on Wednesday, November 19th. BMO Capital Markets reissued an “outperform” rating on shares of DoorDash in a research report on Friday, December 12th. DA Davidson reaffirmed a “neutral” rating and issued a $260.00 price target on shares of DoorDash in a report on Thursday, November 6th. Finally, Argus dropped their price objective on DoorDash from $275.00 to $260.00 and set a “buy” rating on the stock in a research note on Friday, December 12th. One analyst has rated the stock with a Strong Buy rating, twenty-five have issued a Buy rating and ten have given a Hold rating to the stock. Based on data from MarketBeat, DoorDash presently has an average rating of “Moderate Buy” and a consensus target price of $277.38.

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.