Danske Bank A S Invests $56.65 Million in DoorDash, Inc. $DASH

Danske Bank A S bought a new stake in DoorDash, Inc. (NASDAQ:DASH) during the third quarter, HoldingsChannel reports. The institutional investor bought 208,266 shares of the company’s stock, valued at approximately $56,646,000.

Other hedge funds also recently bought and sold shares of the company. Vanguard Group Inc. raised its holdings in shares of DoorDash by 3.7% in the third quarter. Vanguard Group Inc. now owns 42,712,908 shares of the company’s stock worth $11,617,484,000 after acquiring an additional 1,522,823 shares during the last quarter. State Street Corp raised its stake in DoorDash by 6.3% in the 3rd quarter. State Street Corp now owns 15,296,624 shares of the company’s stock valued at $4,160,529,000 after purchasing an additional 909,125 shares during the last quarter. Capital World Investors boosted its stake in shares of DoorDash by 0.9% during the 3rd quarter. Capital World Investors now owns 10,865,927 shares of the company’s stock worth $2,955,424,000 after purchasing an additional 95,278 shares during the last quarter. Invesco Ltd. grew its holdings in shares of DoorDash by 18.2% during the third quarter. Invesco Ltd. now owns 6,355,628 shares of the company’s stock worth $1,728,667,000 after buying an additional 980,148 shares in the last quarter. Finally, Norges Bank purchased a new stake in shares of DoorDash during the second quarter worth about $1,185,576,000. Hedge funds and other institutional investors own 90.64% of the company’s stock.

Key DoorDash News

Here are the key news stories impacting DoorDash this week:

• Positive Sentiment: Bernstein reaffirmed an “Outperform” rating and highlighted DoorDash’s reinvestment-driven growth strategy, a vote of confidence from an institutional analyst that can support the stock. DoorDash (DASH) reinforces growth strategy through continued reinvestment, Bernstein reaffirms outperform
• Positive Sentiment: DoorDash is expanding into restaurant reservations and paying users to dine at partner restaurants — a strategic push to capture higher-value transactions and compete with rivals in the “reservation wars,” which could boost take rates and engagement over time. As Reservation Wars Heat Up, DoorDash Will Pay You to Eat at a Restaurant
• Positive Sentiment: Viral human-interest coverage of a 78‑year‑old DoorDash driver has generated large public donations and positive PR; DoorDash and its CEO contributed $20,000 to the fundraiser, a goodwill event that helps brand perception and driver relations. 78-year-old DoorDash driver gets massive tip from thousands of strangers after viral doorbell video
• Neutral Sentiment: Unusual options activity: traders bought ~42,347 call options in a single day (about a 140% jump vs. average), signaling speculative or hedged bullish interest but not confirming directional fundamentals. (No article link available)
• Negative Sentiment: A proposed $16.75M settlement related to a class action has been announced; while small relative to DoorDash’s market cap, it is a legal overhang and could inspire additional scrutiny or costs. See if you qualify for DoorDash’s $16.75M settlement
• Negative Sentiment: A report that a DoorDash driver pulled a gun on a gate guard and is now suing a Myrtle Beach-area HOA raises reputational and liability concerns tied to gig‑worker conduct and local dispute escalation. DoorDash driver pulls gun on gate guard. He’s now suing Myrtle Beach area HOA
• Negative Sentiment: Separately, a high-profile trial began for the highway superintendent who fatally shot a DoorDash worker — a tragic incident that keeps safety and liability in the headlines and could pressure sentiment. Trial for highway superintendent who shot DoorDash worker kicks off

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on the stock. BNP Paribas Exane began coverage on shares of DoorDash in a research report on Wednesday, January 14th. They issued an “outperform” rating and a $280.00 price objective for the company. Roth Mkm reaffirmed a “neutral” rating and issued a $200.00 target price on shares of DoorDash in a research note on Thursday, February 19th. Citizens Jmp cut their price target on DoorDash from $285.00 to $250.00 and set a “market outperform” rating for the company in a report on Friday, February 20th. DA Davidson reduced their price target on DoorDash from $260.00 to $224.00 and set a “neutral” rating on the stock in a research note on Thursday, February 19th. Finally, UBS Group decreased their price objective on DoorDash from $245.00 to $240.00 and set a “neutral” rating on the stock in a report on Thursday, February 19th. One research analyst has rated the stock with a Strong Buy rating, twenty-six have assigned a Buy rating and nine have given a Hold rating to the stock. According to MarketBeat.com, DoorDash has an average rating of “Moderate Buy” and an average price target of $262.82.

Insider Buying and Selling at DoorDash

In other DoorDash news, COO Prabir Adarkar sold 15,000 shares of the business’s stock in a transaction dated Tuesday, January 20th. The stock was sold at an average price of $204.59, for a total transaction of $3,068,850.00. Following the completion of the sale, the chief operating officer owned 874,130 shares of the company’s stock, valued at approximately $178,838,256.70. The trade was a 1.69% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Stanley Tang sold 45,410 shares of the company’s stock in a transaction dated Monday, February 2nd. The stock was sold at an average price of $209.01, for a total value of $9,491,144.10. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders sold 188,742 shares of company stock worth $41,498,888. 5.83% of the stock is currently owned by company insiders.

DoorDash Price Performance

DoorDash stock opened at $164.99 on Thursday. DoorDash, Inc. has a 1 year low of $155.40 and a 1 year high of $285.50. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.41 and a current ratio of 1.41. The firm has a 50 day moving average price of $187.01 and a 200 day moving average price of $221.07. The company has a market cap of $71.68 billion, a price-to-earnings ratio of 77.83 and a beta of 1.82.

DoorDash (NASDAQ:DASH) last posted its quarterly earnings results on Wednesday, February 18th. The company reported $0.48 earnings per share for the quarter, missing analysts’ consensus estimates of $0.58 by ($0.10). The company had revenue of $3.96 billion for the quarter, compared to analysts’ expectations of $3.98 billion. DoorDash had a return on equity of 10.15% and a net margin of 6.82%.The business’s revenue for the quarter was up 37.7% on a year-over-year basis. During the same period in the prior year, the business earned $0.33 EPS. Sell-side analysts predict that DoorDash, Inc. will post 2.22 earnings per share for the current year.

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.