Holocene Advisors Adds $123M in DoorDash, Inc. ($DASH)
Holocene Advisors triples its position in DoorDash, raising its stake to nearly 878,000 shares.
Key Points
- Holocene Advisors increased its DoorDash holdings by 308%, adding 662,895 shares to reach a total of 877,940 shares.
- DoorDash has a market cap of approximately $75.6 billion, with a current stock price around $173.46 and a P/E ratio of 82.2.
- Analysts maintain a 'buy' consensus on DoorDash, with price targets ranging from $200 to $330.
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Holocene Advisors has significantly boosted its stake in DoorDash, Inc. (NASDAQ: DASH) according to its latest 13F filing with the SEC. The firm increased its position by 308%, adding 662,895 shares during the reporting period. This brings its total holdings to 877,940 shares, valued at approximately $152.3 million.
Holocene Advisors vs. the S&P 500
Hypothetical, simulated performance of disclosed positions vs. the S&P 500. Not realized profit and not investment advice. Past performance does not indicate future results. Details.
What Changed in Holocene Advisors' DoorDash Position
Holocene Advisors made a notable move by increasing its DoorDash position from 215,045 shares to 877,940 shares, an addition of 662,895 shares. The increase represents a 308% growth in their stake, reflecting a strong vote of confidence in DoorDash's prospects. The value of this position is reported at about $152.3 million.
Other Institutional Activity in DoorDash
Several other institutional investors have also been active in DoorDash. SC US (TTGP), LTD. trimmed its holdings by 91,540 shares, bringing its total to 31,595,084 shares valued at approximately $4.74 billion. BlackRock, Inc. reduced its holdings by 1,354,767 shares, ending with 26,465,811 shares worth around $3.97 billion. Meanwhile, Vanguard Capital Management LLC and Vanguard Portfolio Management LLC both hold substantial positions of 23,455,088 and 16,451,483 shares, respectively, with no reported changes in their positions. State Street Corp decreased its stake by 164,861 shares, leaving it with 15,596,211 shares valued at about $2.34 billion.
DoorDash, Inc. Stock Down 21.6%
Shares of DoorDash (NASDAQ: DASH) are trading near $173.46. The company boasts a market capitalization of approximately $75.6 billion and a P/E ratio of 82.2, indicating strong investor expectations for future earnings. DoorDash's 52-week trading range spans from $143.30 to $285.50, with a 50-day moving average of $164.36 and a 200-day moving average of $202.40. The company has a beta of 1.811, suggesting higher volatility compared to the market.
$DASH stock price
Daily closing prices, year to date. Not investment advice.
Recent Earnings
In its recent earnings report, DoorDash reported revenues of about $14.72 billion, reflecting a growth rate of 33.1%. The company's net margin stands at 6.29%, and it achieved a return on equity of 9.92%. DoorDash is expected to announce its next earnings on August 10, 2026.
Earnings drift grade
Outlook vs expectations on the last report — not price action.
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Forward outlook
5 target cuts vs 2 raises.
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EPS & revenue
EPS beat estimates by 13.0%. Revenue missed estimates by 4.5%.
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Profit surprise
EBITDA missed by 39 percent. Operating income beat by 24 percent.
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Pre-earnings setup
Bar was high, analysts already very bullish.
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Analyst signal
2 target raises, 5 target cuts.
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Earnings quality
Operating margin down 1.4 points. Negative free cash flow.
Earnings Call Summary
Q1 revenue came in at 4.04 billion dollars, missing the 4.23 billion dollar consensus by about 190 million dollars, though EPS beat at 42 cents versus 38 cents expected. Management credited monthly active users hitting record highs, subscription engagement accelerating, and strong international momentum, especially at Deliveroo and Bolt. CEO Tony Xu emphasized the company is building end-to-end shopping experiences with AI, expanded Dasher Fulfillment Services for grocery accuracy, and grew advertising to record levels. New verticals like grocery are trending toward gross profit breakeven in the second half with improving unit economics as cohorts grow their basket sizes over time.
Guidance DoorDash reaffirmed its full year outlook for EBITDA margins to be slightly higher than 2025, excluding restaurant unit economics. Management said they expect the second half EBITDA to be higher than the first half, with similar margins to what was planned at the start of the year. The company noted a 50 million dollar gas rewards program impact in the quarter and said they may extend it, but plan to offset it with other cost moves.
Very weak report. The release materially worsened the forward outlook.
Insider Buying and Selling at DoorDash, Inc.
Recent insider activity at DoorDash includes purchases by several insiders. On June 10, 2026, insiders Lin Alfred, Still Ashley, Blackburn Jeffrey, Mertz Elinor, and Piacentini Diego each acquired 1,986 shares. Additionally, Still Ashley sold 1,164 shares at an average price of $153.58.
Analysts Set New Price Targets
Analysts remain optimistic about DoorDash's prospects. On June 12, 2026, BTIG maintained its 'buy' rating with a price target of $225. Previously, Citigroup and Susquehanna also maintained 'buy' ratings with targets of $250 and $225, respectively, on May 8, 2026. The consensus among 42 analysts is a 'buy' rating, with an average price target of $244.68.
About DoorDash
DoorDash, Inc., headquartered in San Francisco, California, operates a leading commerce platform connecting merchants, consumers, and delivery drivers. Founded in 2013, the company offers services through its DoorDash Marketplace, Wolt Marketplace, and Deliveroo Marketplace. DoorDash provides various services, including order fulfillment, payment processing, and customer support, and offers membership programs like DashPass.
Bottom Line
Holocene Advisors' substantial increase in its DoorDash position signals confidence in the company's growth potential. This filing, reflecting the firm's holdings as of the most recent quarter, is a backward-looking indicator but highlights the active interest in DoorDash among institutional investors. As DoorDash continues to expand, its performance remains closely watched by analysts and investors alike.
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