Rep. Byron Donalds Buys DoorDash, Inc. (NASDAQ:DASH) Stock

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 %

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

Analyst Upgrades and Downgrades

Several analysts have issued reports on DASH shares. Roth Mkm upped their target price on DoorDash from $165.00 to $193.00 and gave the stock a “neutral” rating in a research note on Wednesday, February 12th. JMP Securities reaffirmed a “market outperform” rating and issued a $200.00 price objective on shares of DoorDash in a research note on Thursday, February 6th. Benchmark lifted their target price on shares of DoorDash from $180.00 to $220.00 and gave the stock a “buy” rating in a research report on Tuesday, February 11th. BMO Capital Markets reissued an “outperform” rating and issued a $240.00 price target (up from $180.00) on shares of DoorDash in a research note on Wednesday, February 12th. Finally, Citigroup reaffirmed a “buy” rating on shares of DoorDash in a research note on Saturday, March 8th. Ten equities research analysts have rated the stock with a hold rating and twenty-four have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $206.52.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Wealth Enhancement Advisory Services LLC increased its holdings in shares of DoorDash by 234.4% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 38,990 shares of the company’s stock valued at $6,541,000 after acquiring an additional 27,330 shares in the last quarter. Lansforsakringar Fondforvaltning AB publ bought a new stake in DoorDash during the 4th quarter valued at about $16,876,000. Centaurus Financial Inc. purchased a new position in DoorDash in the fourth quarter worth about $137,000. Universal Beteiligungs und Servicegesellschaft mbH purchased a new position in DoorDash in the fourth quarter worth about $41,951,000. Finally, Employees Retirement System of Texas lifted its stake in shares of DoorDash by 22.0% in the fourth quarter. Employees Retirement System of Texas now owns 47,529 shares of the company’s stock worth $7,973,000 after buying an additional 8,577 shares in the last quarter. Institutional investors own 90.64% of the company’s stock.

Insider Activity

In other news, CFO Ravi Inukonda sold 14,715 shares of the stock in a transaction that occurred on Monday, March 24th. The shares were sold at an average price of $196.52, for a total value of $2,891,791.80. Following the transaction, the chief financial officer now owns 338,055 shares in the company, valued at $66,434,568.60. This represents a 4.17 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Tony Xu sold 108,332 shares of the firm’s stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $170.35, for a total transaction of $18,454,356.20. Following the completion of the transaction, the chief executive officer now directly owns 1,500 shares in the company, valued at approximately $255,525. The trade was a 98.63 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 378,445 shares of company stock worth $66,813,970 over the last 90 days. 7.92% of the stock is currently 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.