Adage Capital Partners Gp, L.L.C. 13F: Adds $79M to DASH Stake

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 Up 0.8%

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).

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.

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.