Artisan Partners Limited Partnership Grows Position in DoorDash, Inc. $DASH

Artisan Partners Limited Partnership increased its position in shares of DoorDash, Inc. (NASDAQ:DASH) by 23.7% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 1,695,291 shares of the company’s stock after buying an additional 324,812 shares during the quarter. Artisan Partners Limited Partnership’s holdings in DoorDash were worth $383,950,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in DASH. Brighton Jones LLC grew its stake in DoorDash by 24.0% during the 4th 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 last quarter. Integrated Wealth Concepts LLC grew its stake in shares of DoorDash by 21.5% in the 1st quarter. Integrated Wealth Concepts LLC now owns 1,715 shares of the company’s stock valued at $314,000 after purchasing an additional 303 shares during the last quarter. Empowered Funds LLC grew its stake in shares of DoorDash by 3.6% in the 1st quarter. Empowered Funds LLC now owns 8,130 shares of the company’s stock valued at $1,486,000 after purchasing an additional 285 shares during the last quarter. Sivia Capital Partners LLC grew its stake in shares of DoorDash by 92.9% in the 2nd quarter. Sivia Capital Partners LLC now owns 4,255 shares of the company’s stock valued at $1,049,000 after purchasing an additional 2,049 shares during the last quarter. Finally, Baird Financial Group Inc. purchased a new position in shares of DoorDash in the 2nd quarter valued at approximately $222,000. Hedge funds and other institutional investors own 90.64% of the company’s stock.

Trending Headlines about DoorDash

Here are the key news stories impacting DoorDash this week:

• Positive Sentiment: DoorDash highlighted Father’s Day demand trends, citing top-rated BBQ restaurants and steakhouses nationwide based on its data, which underscores ongoing consumer engagement and seasonal order activity. Dad’s got the night off: Top-rated BBQ restaurants and steakhouses nationwide for Father’s Day, according to DoorDash data
• Positive Sentiment: DoorDash said it wants to help diners find the right restaurant, a product/feature improvement that could improve user experience and potentially boost order conversion over time. DoorDash wants to help diners find the right restaurant
• Positive Sentiment: A Zacks note named DASH among stocks to watch in the gig economy, reinforcing the broader investor interest in delivery-platform names. Must-Watch Stocks to Make the Most of the Gig Economy’s Popularity
• Neutral Sentiment: DoorDash is moving its Columbus DashMart hub to a new location, which looks like an operational adjustment rather than a major financial catalyst. DoorDash moving Columbus DashMart hub to new space
• Negative Sentiment: Multiple reports said thousands of users experienced issues with the DoorDash platform, and the company said it was working to correct order problems; outages can hurt transaction volume and near-term investor confidence. Is DoorDash down? Thousands of users report issues with the platform

Analyst Upgrades and Downgrades

Several research analysts have weighed in on DASH shares. Rothschild & Co Redburn set a $350.00 target price on DoorDash in a research note on Tuesday, May 12th. Guggenheim lowered their target price on DoorDash from $275.00 to $255.00 and set a “buy” rating on the stock in a research note on Thursday, February 19th. Susquehanna lowered their target price on DoorDash from $250.00 to $225.00 and set a “positive” rating on the stock in a research note on Friday, May 8th. TD Cowen started coverage on DoorDash in a research note on Monday, April 27th. They issued a “buy” rating and a $225.00 target price on the stock. Finally, Zacks Research upgraded DoorDash from a “strong sell” rating to a “hold” rating in a research note on Tuesday, May 12th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-five have given a Buy rating and nine have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $256.11.

Insiders Place Their Bets

In other news, insider Keith Yandell sold 2,643 shares of the firm’s stock in a transaction that occurred on Tuesday, May 26th. The stock was sold at an average price of $155.34, for a total value of $410,563.62. Following the completion of the sale, the insider directly owned 81,106 shares of the company’s stock, valued at $12,599,006.04. This trade represents a 3.16% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, General Counsel Tia Sherringham sold 2,743 shares of the firm’s stock in a transaction that occurred on Friday, May 22nd. The shares were sold at an average price of $160.79, for a total value of $441,046.97. Following the completion of the sale, the general counsel directly owned 128,216 shares of the company’s stock, valued at $20,615,850.64. This represents a 2.09% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 68,558 shares of company stock valued at $10,914,640 over the last 90 days. 5.83% of the stock is owned by corporate insiders.

DoorDash Stock Up 1.2%

DASH opened at $170.03 on Wednesday. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.43 and a quick ratio of 1.43. The business has a 50 day simple moving average of $163.25 and a 200-day simple moving average of $183.77. The stock has a market capitalization of $74.09 billion, a P/E ratio of 80.97 and a beta of 1.83. DoorDash, Inc. has a 12 month low of $143.30 and a 12 month high of $285.50.

DoorDash (NASDAQ:DASH) last posted its quarterly earnings results on Wednesday, May 6th. The company reported $0.42 EPS for the quarter, beating the consensus estimate of $0.36 by $0.06. The business had revenue of $4.04 billion during the quarter, compared to analysts’ expectations of $4.15 billion. DoorDash had a return on equity of 9.58% and a net margin of 6.29%.The company’s quarterly revenue was up 33.1% compared to the same quarter last year. During the same period last year, the firm earned $0.44 EPS. On average, equities analysts anticipate that DoorDash, Inc. will post 2.45 earnings per share for the current fiscal year.

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.