DoorDash, Inc. (NASDAQ:DASH) CEO Tony Xu Sells 108,332 Shares

DoorDash, Inc. (NASDAQ:DASH) CEO Tony Xu sold 108,332 shares of the company’s stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $170.35, for a total transaction of $18,454,356.20. Following the completion of the sale, the chief executive officer now directly owns 1,500 shares in the company, valued at $255,525. This represents a 98.63 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Tony Xu also recently made the following trade(s):

• On Monday, December 16th, Tony Xu sold 108,332 shares of DoorDash stock. The shares were sold at an average price of $178.74, for a total transaction of $19,363,261.68.
• On Monday, December 2nd, Tony Xu sold 115,432 shares of DoorDash stock. The stock was sold at an average price of $177.01, for a total value of $20,432,618.32.
• On Tuesday, November 26th, Tony Xu sold 108,334 shares of DoorDash stock. The stock was sold at an average price of $180.07, for a total value of $19,507,703.38.
• On Friday, November 15th, Tony Xu sold 108,332 shares of DoorDash stock. The shares were sold at an average price of $170.25, for a total value of $18,443,523.00.
• On Tuesday, October 15th, Tony Xu sold 81,249 shares of DoorDash stock. The stock was sold at an average price of $147.87, for a total transaction of $12,014,289.63.

DoorDash Stock Up 2.5 %

DASH opened at $174.96 on Friday. The firm has a market cap of $72.68 billion, a PE ratio of -388.80, a P/E/G ratio of 13.56 and a beta of 1.70. The business has a fifty day simple moving average of $171.36 and a 200-day simple moving average of $141.72. DoorDash, Inc. has a fifty-two week low of $93.33 and a fifty-two week high of $181.78.

DoorDash (NASDAQ:DASH) last released its quarterly earnings results on Wednesday, October 30th. The company reported $0.38 earnings per share for the quarter, beating analysts’ consensus estimates of $0.21 by $0.17. The business had revenue of $2.71 billion during the quarter, compared to analyst estimates of $2.66 billion. DoorDash had a negative return on equity of 2.41% and a negative net margin of 1.69%. DoorDash’s revenue for the quarter was up 25.0% on a year-over-year basis. During the same quarter last year, the company posted ($0.19) EPS. On average, equities research analysts anticipate that DoorDash, Inc. will post 0.26 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

DASH has been the topic of a number of recent research reports. KeyCorp raised their price target on shares of DoorDash from $177.00 to $180.00 and gave the stock an “overweight” rating in a research report on Thursday, October 31st. BMO Capital Markets raised their target price on shares of DoorDash from $140.00 to $180.00 and gave the stock an “outperform” rating in a report on Thursday, October 31st. Citigroup upped their target price on DoorDash from $155.00 to $211.00 and gave the company a “buy” rating in a report on Wednesday, November 27th. Benchmark raised their price target on DoorDash from $152.00 to $173.00 and gave the stock a “buy” rating in a report on Thursday, October 17th. Finally, Keefe, Bruyette & Woods upgraded DoorDash from a “market perform” rating to an “outperform” rating and set a $177.00 price objective for the company in a research note on Wednesday, September 25th. Nine analysts have rated the stock with a hold rating and twenty-five have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $171.42.

Institutional Investors Weigh In On DoorDash

Large investors have recently made changes to their positions in the company. Rakuten Securities Inc. boosted its stake in DoorDash by 302.3% in the 3rd quarter. Rakuten Securities Inc. now owns 173 shares of the company’s stock worth $25,000 after purchasing an additional 130 shares during the period. Meeder Asset Management Inc. lifted its holdings in shares of DoorDash by 82.0% in the second quarter. Meeder Asset Management Inc. now owns 293 shares of the company’s stock valued at $32,000 after purchasing an additional 132 shares in the last quarter. Headlands Technologies LLC acquired a new stake in shares of DoorDash in the second quarter worth $32,000. Quest Partners LLC grew its holdings in shares of DoorDash by 146.8% during the second quarter. Quest Partners LLC now owns 343 shares of the company’s stock valued at $37,000 after buying an additional 204 shares in the last quarter. Finally, Hollencrest Capital Management acquired a new position in DoorDash during the third quarter valued at $54,000. Institutional investors and hedge funds own 90.64% of the company’s stock.

DoorDash Company Profile

DoorDash, Inc, together with its subsidiaries, operates a commerce platform that connects merchants, consumers, and independent contractors in the United States and internationally. The company operates DoorDash Marketplace and Wolt Marketplace, which provide various services, such as customer acquisition, demand generation, order fulfillment, merchandising, payment processing, and customer support.