DoorDash (NASDAQ:DASH) Stock Acquired Rep. Byron Donalds

Representative Byron Donalds (R-Florida) recently bought shares of DoorDash, Inc. (NASDAQ:DASH). In a filing disclosed on March 25th, the Representative disclosed that they had bought between $1,001 and $15,000 in DoorDash stock on February 13th. The trade occurred in the Representative’s “MORAN WEALTH IRA” account.

Representative Byron Donalds also recently made the following trade(s):

• Purchased $1,001 – $15,000 in shares of Fortinet (NASDAQ:FTNT) on 2/13/2025.
• Sold $1,001 – $15,000 in shares of FactSet Research Systems (NYSE:FDS) on 2/13/2025.
• Sold $1,001 – $15,000 in shares of RLI (NYSE:RLI) on 1/21/2025.
• Purchased $1,001 – $15,000 in shares of GoDaddy (NYSE:GDDY) on 1/21/2025.
• Purchased $1,001 – $15,000 in shares of First Citizens BancShares (NASDAQ:FCNCA) on 1/21/2025.
• Purchased $1,001 – $15,000 in shares of GoDaddy (NYSE:GDDY) on 1/16/2025.
• Sold $1,001 – $15,000 in shares of RLI (NYSE:RLI) on 1/16/2025.
• Purchased $1,001 – $15,000 in shares of First Citizens BancShares (NASDAQ:FCNCA) on 1/16/2025.
• Sold $1,001 – $15,000 in shares of Merck & Co., Inc. (NYSE:MRK) on 1/16/2025.

DoorDash Trading Down 3.4 %

NASDAQ:DASH opened at $192.87 on Thursday. The stock has a 50-day moving average price of $191.37 and a 200 day moving average price of $171.21. The stock has a market capitalization of $81.02 billion, a P/E ratio of 714.33 and a beta of 1.70. DoorDash, Inc. has a 12-month low of $99.32 and a 12-month high of $215.25.

Analyst Ratings Changes

A number of research firms have recently commented on DASH. Argus upgraded DoorDash from a “hold” rating to a “buy” rating in a research report on Friday, December 20th. Susquehanna increased their price objective on shares of DoorDash from $180.00 to $235.00 and gave the company a “positive” rating in a research report on Thursday, February 13th. Bank of America boosted their target price on shares of DoorDash from $205.00 to $245.00 and gave the stock a “buy” rating in a report on Wednesday, February 12th. KeyCorp increased their price target on shares of DoorDash from $180.00 to $225.00 and gave the company an “overweight” rating in a report on Thursday, January 9th. Finally, UBS Group boosted their price objective on DoorDash from $200.00 to $204.00 and gave the stock a “neutral” rating in a research note on Wednesday, February 12th. Ten equities research analysts have rated the stock with a hold rating and twenty-four have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, DoorDash presently has a consensus rating of “Moderate Buy” and a consensus target price of $206.52.

Hedge Funds Weigh In On DoorDash

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Swedbank AB raised its position in shares of DoorDash by 3.3% in the 4th quarter. Swedbank AB now owns 171,055 shares of the company’s stock worth $28,694,000 after buying an additional 5,539 shares during the period. Sanctuary Advisors LLC lifted its stake in shares of DoorDash by 48.8% in the 3rd quarter. Sanctuary Advisors LLC now owns 10,663 shares of the company’s stock valued at $1,522,000 after purchasing an additional 3,498 shares in the last quarter. LVW Advisors LLC acquired a new stake in DoorDash during the 4th quarter worth approximately $236,000. Nordea Investment Management AB raised its holdings in DoorDash by 37.5% in the fourth quarter. Nordea Investment Management AB now owns 1,746,379 shares of the company’s stock valued at $294,701,000 after buying an additional 476,360 shares during the period. Finally, Retireful LLC grew its stake in shares of DoorDash by 121.4% in the fourth quarter. Retireful LLC now owns 9,621 shares of the company’s stock valued at $1,614,000 after buying an additional 5,275 shares in the last quarter. Institutional investors and hedge funds own 90.64% of the company’s stock.

Insider Buying and Selling at DoorDash

In related news, CFO Ravi Inukonda sold 15,198 shares of the company’s stock in a transaction dated Thursday, February 20th. The shares were sold at an average price of $204.11, for a total value of $3,102,063.78. Following the completion of the sale, the chief financial officer now owns 351,970 shares of the company’s stock, valued at $71,840,596.70. This represents a 4.14 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Keith Yandell sold 8,116 shares of the stock in a transaction dated Thursday, February 20th. The shares were sold at an average price of $203.45, for a total transaction of $1,651,200.20. Following the completion of the transaction, the insider now owns 105,162 shares of the company’s stock, valued at $21,395,208.90. This represents a 7.16 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 378,445 shares of company stock worth $66,813,970 in the last ninety days. 7.92% of the stock is owned by insiders.

About Representative Donalds

Byron Donalds (Republican Party) is a member of the U.S. House, representing Florida’s 19th Congressional District. He assumed office on January 3, 2021. His current term ends on January 3, 2027.

Donalds (Republican Party) is running for re-election to the U.S. House to represent Florida’s 19th Congressional District. He declared candidacy for the 2026 election.

Byron Donalds was born in Brooklyn, New York, and lives in Naples, Florida. Donalds earned a bachelor’s degree in finance and marketing from Florida State University in 2002. His career experience includes working as a commercial credit officer in banking and as a portfolio manager in financial services.

About DoorDash

DoorDash, Inc, together with its subsidiaries, operates a commerce platform that connects merchants, consumers, and independent contractors in the United States and internationally. The company operates DoorDash Marketplace and Wolt Marketplace, which provide various services, such as customer acquisition, demand generation, order fulfillment, merchandising, payment processing, and customer support.