Covenant Asset Management LLC Buys Shares of 8,395 DoorDash, Inc. $DASH

Covenant Asset Management LLC purchased a new position in DoorDash, Inc. (NASDAQ:DASH) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 8,395 shares of the company’s stock, valued at approximately $2,283,000.

Several other hedge funds also recently bought and sold shares of the company. Simplicity Wealth LLC bought a new position in DoorDash in the 3rd quarter valued at $247,000. Twin Peaks Wealth Advisors LLC boosted its stake in DoorDash by 221.9% during the third quarter. Twin Peaks Wealth Advisors LLC now owns 2,797 shares of the company’s stock valued at $761,000 after buying an additional 1,928 shares during the period. Avidian Wealth Enterprises LLC grew its position in DoorDash by 7.0% during the third quarter. Avidian Wealth Enterprises LLC now owns 2,321 shares of the company’s stock worth $631,000 after buying an additional 152 shares in the last quarter. Rakuten Investment Management Inc. bought a new position in DoorDash in the 3rd quarter worth about $2,053,000. Finally, Chicago Partners Investment Group LLC raised its holdings in shares of DoorDash by 6.5% in the 3rd quarter. Chicago Partners Investment Group LLC now owns 4,290 shares of the company’s stock valued at $1,121,000 after acquiring an additional 263 shares in the last quarter. Hedge funds and other institutional investors own 90.64% of the company’s stock.

Insider Activity

In other news, CEO Tony Xu sold 288,410 shares of the firm’s stock in a transaction dated Thursday, November 20th. The shares were sold at an average price of $196.04, for a total value of $56,539,896.40. Following the completion of the sale, the chief executive officer directly owned 232,040 shares of the company’s stock, valued at approximately $45,489,121.60. This trade represents a 55.42% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Andy Fang sold 30,000 shares of DoorDash stock in a transaction dated Monday, November 3rd. The shares were sold at an average price of $244.39, for a total transaction of $7,331,700.00. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 617,885 shares of company stock valued at $130,153,967. 5.83% of the stock is owned by insiders.

More DoorDash News

Here are the key news stories impacting DoorDash this week:

• Positive Sentiment: Milan Kovac — former Tesla VP for Optimus Robotics and Autopilot — joined DoorDash’s board, adding deep autonomy and AI experience that could accelerate robot-delivery programs and support longer-term unit-cost reduction. Read More.
• Positive Sentiment: DoorDash is ramping up robot deliveries, a strategic push that can lower delivery costs over time and improve margins if scaled successfully — a clear execution theme investors reward. Read More.
• Positive Sentiment: Positive analyst/commentary pieces argue DoorDash can benefit from a “K‑shaped” economy by retaining low‑income users via affordability while expanding into older, wealthier demographics — a bull case for diversified customer mix and revenue resilience. Read More.
• Neutral Sentiment: KeyBanc slightly lowered its price target to $275 but kept an Overweight rating, signaling continued analyst conviction in upside despite a modest revision. This is a mild catalyst rather than a directional shock. Read More.
• Neutral Sentiment: Recent analyst and media write-ups are re-assessing DoorDash after a pullback from highs; these pieces parse valuation vs. multi-year growth, serving as background reading for investors deciding whether the pullback is a buying opportunity. Read More.
• Negative Sentiment: Investigative reporting alleges $550M in tips “vanished” while DoorDash and competitors squeeze NYC couriers — a material PR and regulatory risk that could spur tighter local rules, litigation, or increased payout costs to drivers. This is the primary near‑term negative headline. Read More.

DoorDash Price Performance

Shares of DoorDash stock opened at $206.48 on Thursday. The company’s fifty day simple moving average is $216.83 and its two-hundred day simple moving average is $239.68. DoorDash, Inc. has a 12-month low of $155.40 and a 12-month high of $285.50. The firm has a market cap of $88.99 billion, a PE ratio of 104.81 and a beta of 1.70. The company has a quick ratio of 2.04, a current ratio of 2.04 and a debt-to-equity ratio of 0.29.

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

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the stock. Wall Street Zen cut shares of DoorDash from a “buy” rating to a “hold” rating in a research report on Saturday, November 1st. Argus lowered their price objective on shares of DoorDash from $275.00 to $260.00 and set a “buy” rating on the stock in a research report on Friday, December 12th. Wells Fargo & Company upped their target price on shares of DoorDash from $239.00 to $251.00 and gave the stock an “equal weight” rating in a research report on Thursday, January 8th. Jefferies Financial Group raised their price target on DoorDash from $260.00 to $270.00 and gave the company a “buy” rating in a research report on Thursday, December 11th. Finally, Exane BNP Paribas raised DoorDash to a “strong-buy” rating in a report on Wednesday, January 14th. Three research analysts have rated the stock with a Strong Buy rating, twenty-five have assigned a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $281.26.

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.