Bank of Nova Scotia Raises Stake in DoorDash, Inc. $DASH

Bank of Nova Scotia increased its stake in shares of DoorDash, Inc. (NASDAQ:DASH) by 2.0% in the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 304,277 shares of the company’s stock after buying an additional 5,971 shares during the period. Bank of Nova Scotia owned about 0.07% of DoorDash worth $82,760,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the stock. Physician Wealth Advisors Inc. boosted its stake in DoorDash by 284.0% in the third quarter. Physician Wealth Advisors Inc. now owns 96 shares of the company’s stock valued at $26,000 after acquiring an additional 71 shares during the last quarter. Sound Income Strategies LLC increased its stake in shares of DoorDash by 2,760.0% during the 3rd quarter. Sound Income Strategies LLC now owns 143 shares of the company’s stock worth $39,000 after purchasing an additional 138 shares during the last quarter. Rossby Financial LCC raised its holdings in shares of DoorDash by 127.8% in the 3rd quarter. Rossby Financial LCC now owns 164 shares of the company’s stock worth $44,000 after purchasing an additional 92 shares during the period. Annis Gardner Whiting Capital Advisors LLC lifted its stake in DoorDash by 74.3% in the third quarter. Annis Gardner Whiting Capital Advisors LLC now owns 176 shares of the company’s stock valued at $48,000 after purchasing an additional 75 shares during the last quarter. Finally, Concord Wealth Partners purchased a new position in DoorDash in the third quarter valued at approximately $50,000. Hedge funds and other institutional investors own 90.64% of the company’s stock.

Insiders Place Their Bets

In other DoorDash news, CEO Tony Xu sold 16,667 shares of DoorDash stock in a transaction dated Thursday, December 18th. The stock was sold at an average price of $230.00, for a total transaction of $3,833,410.00. Following the completion of the transaction, the chief executive officer owned 1,500 shares of the company’s stock, valued at $345,000. The trade was a 91.74% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Stanley Tang sold 45,410 shares of the company’s stock in a transaction dated Friday, January 2nd. The shares were sold at an average price of $222.53, for a total value of $10,105,087.30. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 205,409 shares of company stock worth $45,332,298 over the last quarter. Insiders own 5.83% of the company’s stock.

DoorDash Trading Down 0.2%

NASDAQ:DASH opened at $161.36 on Monday. DoorDash, Inc. has a 1 year low of $155.40 and a 1 year high of $285.50. The stock’s fifty day moving average price is $190.69 and its two-hundred day moving average price is $222.55. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.41 and a quick ratio of 1.41. The company has a market cap of $70.10 billion, a P/E ratio of 76.11 and a beta of 1.82.

DoorDash (NASDAQ:DASH) last announced its quarterly earnings results 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). DoorDash had a net margin of 6.82% and a return on equity of 10.15%. The company had revenue of $3.96 billion during the quarter, compared to analysts’ expectations of $3.98 billion. During the same quarter last year, the firm posted $0.33 earnings per share. DoorDash’s revenue for the quarter was up 37.7% compared to the same quarter last year. As a group, analysts expect that DoorDash, Inc. will post 2.22 EPS for the current year.

Wall Street Analysts Forecast Growth

DASH has been the subject of a number of recent research reports. Citizens Jmp decreased their target price on DoorDash from $285.00 to $250.00 and set a “market outperform” rating for the company in a research report on Friday, February 20th. Zacks Research raised DoorDash from a “strong sell” rating to a “hold” rating in a research report on Thursday, February 12th. KeyCorp increased their price target on DoorDash from $275.00 to $280.00 and gave the stock an “overweight” rating in a research note on Thursday, February 19th. Cantor Fitzgerald decreased their price objective on DoorDash from $285.00 to $230.00 and set an “overweight” rating for the company in a report on Thursday, February 19th. Finally, Sanford C. Bernstein lowered their price objective on DoorDash from $285.00 to $270.00 and set an “outperform” rating on the stock in a research note on Thursday, February 19th. One research analyst has rated the stock with a Strong Buy rating, twenty-six have assigned a Buy rating and nine have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $262.82.

Trending Headlines about DoorDash

Here are the key news stories impacting DoorDash this week:

• Positive Sentiment: Strong marketplace growth: Zacks reports DoorDash’s marketplace GOV jumped ~39% to $29.7B in Q4 2025 and Q1 2026 GOV is projected at $31B–$31.8B, signaling continued demand across restaurants, retail and grocery that supports revenue upside. Read More.
• Positive Sentiment: Retail partnership expansion: Convenience chain Casey’s launched a hunger‑relief campaign with DoorDash — a sign DoorDash is deepening local retail and grocery integrations that can lift GOV and merchant service fees. Read More.
• Positive Sentiment: Strong PR / brand goodwill from viral donor response: Multiple outlets report ~$500K raised for a 78‑year‑old DoorDash driver after a viral delivery video. This goodwill can help consumer sentiment and local brand reputation, though it’s unlikely to move fundamentals materially. Read More.
• Neutral Sentiment: Industry tech developments: Grubhub plans drone trials, joining DoorDash and Uber Eats in delivery experimentation — underscores industry innovation but also rising capex/tech competition risks. Read More.
• Negative Sentiment: Insider selling: Director Shona Brown sold 1,250 shares (disclosed in an SEC filing). While not large relative to institutional ownership, insider sales can weigh on short‑term sentiment. Read More.
• Negative Sentiment: Macro / geopolitical headwinds: Benzinga notes fresh geopolitical turmoil in the Middle East pressured shares — DoorDash is sensitive to consumer spending shifts and market volatility that can reduce order frequency. Read More.
• Negative Sentiment: Driver economics under pressure: Local reporting highlights rising gas prices squeezing Dashers in some regions — higher fuel costs can hurt driver supply, consumer prices, or DoorDash’s commission/marketing dynamics. Read More.

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.