Midwest Trust 13F: New $6.4M Stake in DoorDash (DASH)
Key Points
- Midwest Trust purchased a new stake of 35,005 shares in DoorDash, Inc., valued at roughly $6.43 million in an October 22, 2026 SEC filing.
- DoorDash, Inc. recently traded around $185.92, sitting below its 50-day moving average and about 30.9% off its 52-week high.
- Wall Street firms including Scotiabank, Wells Fargo, Cantor Fitzgerald, Guggenheim, and BTIG have updated their outlooks ahead of the filing.
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Midwest Trust opened a new position in DoorDash, Inc. DASH, purchasing 35,005 shares during the period according to a Form 13F filing with the SEC on October 22, 2026. The newly initiated stake was valued at approximately $6.43 million.
DASH
DoorDash, Inc.
What Changed in Midwest Trust's DoorDash Position
Midwest Trust established a fresh holding in the food delivery platform, picking up 35,005 shares. Because this is a brand-new position, the fund did not previously own any shares of the company. The reported value of the newly added shares stood at $6,425,168 on the filing date.
Other Institutional Activity in DoorDash
Other major investors have also adjusted their views on the delivery giant. Sc Us (ttgp), Ltd. kept its holdings steady at 31,595,084 shares worth about $5,874,789,996 in its report filed for June 30, 2026.
DoorDash, Inc. Stock Down 3.0%
DoorDash shares recently traded around $185.92 as of October 23, 2026, practically even with the closing price of $185.94 on the filing date. The stock trades below its 50-day moving average of $203.55, while holding above its 200-day moving average of $184.27. Shares sit roughly 30.9% below their 52-week high of $269.00 and up about 29.7% from their 52-week low of $143.30. The company carries a market capitalization of roughly $79.92 billion and a trailing P/E ratio of 97.08.
Recent Earnings
DoorDash reported trailing-twelve-month revenue of $15,891,000,320 alongside basic earnings of $1.90 per share. The company posted a net profit margin of 5.3% and a return on equity of 8.9%, with year-over-year revenue growth reaching 35.6%. The company's next earnings report is scheduled for November 4, 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.
Company insiders have made several transactions in recent weeks. Director Andy Fang sold 5,000 shares on October 1, 2026, at an average price of $183.69 for a total value of $918,450. Officer Keith Yandell sold 2,183 shares on October 1, 2026, at $183.69 per share, totaling $400,995. Director Weirui Stanley Tang parted with 23,125 shares on October 2, 2026, valued at $4,305,694. Chief Financial Officer Ravi Kiran Reddy Inukonda sold 1,017 shares on October 12, 2026, at $195.00 each for a total of $198,315.
Analysts Set New Price Targets
Wall Street research firms updated their outlooks on the stock ahead of the filing. On September 9, 2026, Scotiabank initiated coverage with a Sector Outperform rating and a $275.00 price target. Wells Fargo maintained an Equal-Weight rating and raised its target from $225.00 to $230.00 on October 5, 2026. Cantor Fitzgerald maintained an Overweight rating while lowering its target from $260.00 to $240.00 on October 12, 2026. Guggenheim reiterated a buy rating with a $255.00 target on October 14, 2026, and BTIG reiterated a buy rating with a $225.00 target on October 21, 2026. Overall, the stock holds a consensus buy rating from 42 analyst opinions with a mean price target of $257.37.
About DoorDash
DoorDash operates an online commerce network that links local merchants, delivery workers, and customers across domestic and international markets. Through platforms like DoorDash Marketplace, Wolt Marketplace, and Deliveroo Marketplace, the company provides tools for order fulfillment, customer acquisition, payment processing, and demand generation. This wide reach makes the company a major focal point for institutional investors tracking consumer internet retail trends.
Bottom Line
Investors will look toward DoorDash's upcoming earnings release on November 4, 2026, for clues on margin trends and delivery volume growth. Additional regulatory filings will show whether other institutional funds follow Midwest Trust in building new stakes.
Related Filing Alerts
Source: Midwest Trust's 13F filing on $DASH (Oct 22, 2026). 13F filings show holdings as of the end of the reporting quarter and may not reflect the fund's current position. Written by software, not financial advice. How we make alerts