Adage Capital Partners Gp, L.L.C. Adds $79M in DoorDash, Inc. ($DASH)
Adage Capital Partners significantly increased its position in DoorDash, reflecting confidence in the company's prospects.
Key Points
- Adage Capital Partners boosted its DoorDash position by 126%, adding 427,400 shares to reach a total of 764,900 shares.
- DoorDash trades near $168.39, with a market cap of about $73.2 billion and a P/E ratio of 79.29.
- Insiders like Alfred Lin and Ashley Still made recent trades, and analysts maintain positive ratings with targets up to $330.
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Adage Capital Partners Gp, L.L.C. has made a notable increase in its investment in DoorDash, Inc. (NasdaqGS: DASH). According to its latest Form 13F filing with the SEC, the fund boosted its stake by 126.6% during the reporting period, adding 427,400 shares. This brings its total holdings to 764,900 shares, valued at approximately $128.8 million.
What Changed in Adage Capital Partners' DoorDash Position
Adage Capital Partners significantly increased its holdings in DoorDash, moving from 337,500 shares to 764,900 shares. This addition of 427,400 shares represents a 126.6% increase in their position, indicating a strong vote of confidence in the food delivery platform.
Other Institutional Activity in DoorDash
Among other institutional movements, SC US (TTGP), LTD. reduced its holdings by 91,540 shares, ending with about 31.6 million shares valued at $4.74 billion. BlackRock, Inc. also cut its position by 1,354,767 shares, holding 26.5 million shares worth roughly $3.97 billion. In contrast, Vanguard Capital Management LLC and Vanguard Portfolio Management LLC both maintained their full positions, with 23.5 million and 16.5 million shares respectively, while State Street Corp trimmed its stake by 164,861 shares to 15.6 million shares.
DoorDash, Inc. Stock Down 21.6%
Shares of DoorDash (NasdaqGS: DASH) are trading around $168.39. The company boasts a market capitalization of approximately $73.2 billion and a P/E ratio of 79.29, with a forward P/E of 21.50. Its beta of 1.81 indicates higher volatility compared to the market. The stock's 52-week range spans from $143.30 to $285.50, and it has moving averages of $163.61 (50-day) and $203.54 (200-day).
$DASH stock price
Daily closing prices, year to date. Not investment advice.
Recent Earnings
DoorDash reported revenue of $14.72 billion, reflecting a growth of 33.1%. The company achieved a net margin of 6.29% and a return on equity of 9.92%. DoorDash's next earnings report is expected 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 several purchases on June 10, 2026. Alfred Lin, Ashley Still, Jeffrey Blackburn, Elinor Mertz, and Diego Piacentini each bought 1,986 shares. Additionally, Ashley Still sold 1,164 shares at an average price of $153.58.
Analysts Set New Price Targets
On June 12, 2026, BTIG maintained its 'buy' rating on DoorDash with a price target of $225. Citigroup and Susquehanna both kept 'buy' ratings with targets of $250 and $225, respectively, on May 8. The consensus among 42 analysts is a 'buy' recommendation, with a mean price target of $244.68.
About DoorDash
DoorDash, Inc. operates a platform connecting merchants, consumers, and delivery drivers, known as dashers, primarily in the U.S. and internationally. It offers services through its marketplaces, including DoorDash, Wolt, and Deliveroo. The company provides consumer membership programs, advertising services, and white-label delivery solutions. Founded in 2013 and headquartered in San Francisco, California, DoorDash is led by CEO Tony Xu and employs about 31,400 people.
Bottom Line
Adage Capital Partners' significant increase in its DoorDash holdings underscores its confidence in the company's future. The stock's performance and the latest earnings report suggest a strong position in the market. Investors and analysts alike continue to show interest in DoorDash, as reflected in recent insider transactions and analyst ratings. As always, it's essential to remember that 13F filings reflect past positions and may not represent current holdings.
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