Westpac Banking Corp Sells 3,562 Shares of DoorDash, Inc. $DASH

Westpac Banking Corp decreased its stake in DoorDash, Inc. (NASDAQ:DASH) by 21.4% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 13,110 shares of the company’s stock after selling 3,562 shares during the period. Westpac Banking Corp’s holdings in DoorDash were worth $3,566,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Gilbert & Cook Inc. boosted its position in DoorDash by 2.6% during the second quarter. Gilbert & Cook Inc. now owns 1,685 shares of the company’s stock valued at $415,000 after purchasing an additional 42 shares during the last quarter. Resonant Capital Advisors LLC increased its position in shares of DoorDash by 3.5% during the 3rd quarter. Resonant Capital Advisors LLC now owns 1,229 shares of the company’s stock worth $334,000 after purchasing an additional 42 shares during the last quarter. Premier Path Wealth Partners LLC raised its stake in shares of DoorDash by 1.9% during the 3rd quarter. Premier Path Wealth Partners LLC now owns 2,414 shares of the company’s stock worth $657,000 after purchasing an additional 45 shares in the last quarter. Advisory Resource Group boosted its holdings in shares of DoorDash by 0.8% in the 2nd quarter. Advisory Resource Group now owns 5,774 shares of the company’s stock valued at $1,423,000 after buying an additional 48 shares during the last quarter. Finally, Quotient Wealth Partners LLC boosted its holdings in shares of DoorDash by 3.2% in the 3rd quarter. Quotient Wealth Partners LLC now owns 1,537 shares of the company’s stock valued at $418,000 after buying an additional 48 shares during the last quarter. Institutional investors and hedge funds own 90.64% of the company’s stock.

Analyst Ratings Changes

A number of analysts have commented on the stock. Royal Bank Of Canada cut their price target on shares of DoorDash from $300.00 to $270.00 and set an “outperform” rating for the company in a research note on Thursday, November 6th. Guggenheim dropped their target price on shares of DoorDash from $275.00 to $255.00 and set a “buy” rating on the stock in a report on Thursday, February 19th. Evercore set a $300.00 price target on DoorDash in a report on Thursday, February 19th. Truist Financial upped their price objective on DoorDash from $330.00 to $340.00 and gave the company a “buy” rating in a research note on Thursday, February 19th. Finally, Susquehanna cut their price objective on DoorDash from $300.00 to $250.00 and set a “positive” rating for the company in a research report on Friday, November 7th. One analyst has rated the stock with a Strong Buy rating, twenty-six have issued a Buy rating and nine have given a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $264.74.

DoorDash Trading Up 5.3%

Shares of DoorDash stock opened at $173.06 on Thursday. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.41 and a current ratio of 1.41. The firm has a 50-day moving average of $204.19 and a 200-day moving average of $229.11. DoorDash, Inc. has a 52-week low of $155.40 and a 52-week high of $285.50. The stock has a market cap of $74.59 billion, a PE ratio of 81.63 and a beta of 1.77.

DoorDash (NASDAQ:DASH) last issued its quarterly earnings results on Wednesday, February 18th. The company reported $0.48 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.58 by ($0.10). DoorDash had a return on equity of 10.15% and a net margin of 6.82%.The company had revenue of $3.96 billion for the quarter, compared to analyst estimates of $3.98 billion. During the same period in the prior year, the company earned $0.33 EPS. The company’s quarterly revenue was up 37.7% compared to the same quarter last year. As a group, sell-side analysts forecast that DoorDash, Inc. will post 2.22 EPS for the current year.

Insider Activity at DoorDash

In related news, CEO Tony Xu sold 16,667 shares of DoorDash stock in a transaction that occurred on Monday, January 5th. The shares were sold at an average price of $230.00, for a total value of $3,833,410.00. Following the transaction, the chief executive officer directly owned 1,500 shares of the company’s stock, valued at $345,000. This trade represents a 91.74% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Shona L. Brown sold 1,250 shares of the business’s stock in a transaction on Monday, February 9th. The stock was sold at an average price of $181.28, for a total value of $226,600.00. Following the transaction, the director directly owned 32,252 shares of the company’s stock, valued at $5,846,642.56. This trade represents a 3.73% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 291,236 shares of company stock worth $63,380,925 in the last quarter. 5.83% of the stock is currently owned by corporate insiders.

Key Stories Impacting DoorDash

Here are the key news stories impacting DoorDash this week:

• Positive Sentiment: Google’s Gemini can now place rides and DoorDash orders from a phone — this expands low-friction, AI-driven ordering distribution that could increase order frequency and lower customer acquisition frictions over time. Gemini Can Now Book You an Uber or Order a DoorDash Meal on Your Phone. Here’s How It Works
• Positive Sentiment: DoorDash is expanding into restaurant reservations to compete with Resy and OpenTable — a potential new revenue stream and tighter restaurant partnerships that could boost lifetime value and cross-sell. Restaurant reservation wars heat up as DoorDash enters the arena with Resy, OpenTable
• Neutral Sentiment: Marketing/brand pieces (e.g., date-night promotions) reinforce consumer demand and brand positioning but are unlikely to move the stock materially by themselves. Spending date night at home? DoorDash has couples covered for a romantic night to remember
• Negative Sentiment: DoorDash will wind down Deliveroo and Wolt operations in Qatar, Singapore, Japan and Uzbekistan — a move that reduces geographic revenue exposure and signals a pullback from growth markets; investors worry about near-term revenue hits even if margins improve. DoorDash to Wind Down Deliveroo and Wolt Operations in Four Countries
• Negative Sentiment: Analyst downgrade triggered a gap down in the stock — sell-side revisions amplify near-term downside as the market re-prices growth expectations after the exits and following a recent quarterly EPS miss. DoorDash (NASDAQ:DASH) Shares Gap Down Following Analyst Downgrade

DoorDash Profile

DoorDash, Inc operates a technology-driven logistics and food-delivery marketplace that connects consumers, merchants and independent delivery contractors. The company’s core service enables customers to order from local restaurants and retailers through its app and website while DoorDash handles last-mile fulfillment via its network of drivers, known as “Dashers.” Over time the platform has broadened beyond restaurant deliveries to include groceries, convenience items and retail deliveries, positioning DoorDash as a broader on-demand logistics provider for consumer goods.

In addition to its marketplace, DoorDash offers a suite of products and services for consumers and businesses.