Westpac Banking Corp Has $3.57 Million Holdings in DoorDash, Inc. $DASH

Westpac Banking Corp trimmed its stake in DoorDash, Inc. (NASDAQ:DASH) by 21.4% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm 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 as of its most recent SEC filing.

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

Analyst Ratings Changes

Several research analysts recently issued reports on the stock. Wall Street Zen downgraded shares of DoorDash from a “buy” rating to a “hold” rating in a research report on Saturday, November 1st. UBS Group reduced their target price on shares of DoorDash from $245.00 to $240.00 and set a “neutral” rating on the stock in a research report on Thursday, February 19th. Sanford C. Bernstein lowered their price target on shares of DoorDash from $285.00 to $270.00 and set an “outperform” rating for the company in a report on Thursday, February 19th. Argus dropped their price objective on shares of DoorDash from $275.00 to $260.00 and set a “buy” rating for the company in a research report on Friday, December 12th. Finally, DA Davidson decreased their price objective on DoorDash from $260.00 to $224.00 and set a “neutral” rating on the stock in a research report on Thursday, February 19th. One research analyst has rated the stock with a Strong Buy rating, twenty-six have given a Buy rating and nine have assigned a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $264.74.

Insider Transactions at DoorDash

In other DoorDash news, Director Stanley Tang sold 45,410 shares of the company’s stock in a transaction that occurred on Monday, December 1st. The stock was sold at an average price of $205.07, for a total transaction of $9,312,228.70. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Andy Fang sold 30,000 shares of the firm’s stock in a transaction that occurred on Friday, January 2nd. The stock was sold at an average price of $222.52, for a total transaction of $6,675,600.00. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 291,236 shares of company stock valued at $63,380,925 in the last ninety days. Corporate insiders own 5.83% of the company’s stock.

DoorDash News Summary

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 Trading Up 5.3%

Shares of NASDAQ DASH opened at $173.06 on Thursday. DoorDash, Inc. has a twelve month low of $155.40 and a twelve month high of $285.50. The stock has a market cap of $74.59 billion, a price-to-earnings ratio of 81.63 and a beta of 1.77. The company has a quick ratio of 1.41, a current ratio of 1.41 and a debt-to-equity ratio of 0.27. The company’s fifty day moving average is $204.19 and its 200-day moving average is $229.11.

DoorDash (NASDAQ:DASH) last released its quarterly earnings data on Wednesday, February 18th. The company reported $0.48 earnings per share for the quarter, missing the consensus estimate of $0.58 by ($0.10). The business had revenue of $3.96 billion for the quarter, compared to the consensus estimate of $3.98 billion. DoorDash had a net margin of 6.82% and a return on equity of 10.15%. The company’s revenue for the quarter was up 37.7% on a year-over-year basis. During the same quarter last year, the firm earned $0.33 EPS. Equities research analysts predict that DoorDash, Inc. will post 2.22 EPS for the current year.

About DoorDash

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.