DoorDash, Inc. (NASDAQ:DASH) Director Andy Fang Sells 1,398 Shares

DoorDash, Inc. (NASDAQ:DASH) Director Andy Fang sold 1,398 shares of the stock in a transaction dated Thursday, February 20th. The shares were sold at an average price of $203.45, for a total value of $284,423.10. Following the transaction, the director now directly owns 14,778 shares in the company, valued at approximately $3,006,584.10. This represents a 8.64 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Andy Fang also recently made the following trade(s):

• On Monday, January 13th, Andy Fang sold 50,000 shares of DoorDash stock. The stock was sold at an average price of $168.32, for a total value of $8,416,000.00.
• On Friday, January 10th, Andy Fang sold 50,000 shares of DoorDash stock. The shares were sold at an average price of $170.01, for a total value of $8,500,500.00.
• On Monday, December 16th, Andy Fang sold 50,000 shares of DoorDash stock. The stock was sold at an average price of $178.66, for a total transaction of $8,933,000.00.
• On Thursday, December 12th, Andy Fang sold 50,000 shares of DoorDash stock. The stock was sold at an average price of $176.66, for a total transaction of $8,833,000.00.

DoorDash Trading Down 2.0 %

NASDAQ DASH opened at $195.87 on Tuesday. DoorDash, Inc. has a 1-year low of $99.32 and a 1-year high of $215.24. The company has a 50 day moving average of $182.89 and a 200-day moving average of $161.81. The firm has a market cap of $82.28 billion, a price-to-earnings ratio of 725.44 and a beta of 1.72.

Institutional Investors Weigh In On DoorDash

A number of hedge funds and other institutional investors have recently bought and sold shares of DASH. Sequoia Financial Advisors LLC boosted its stake in DoorDash by 36.2% in the third quarter. Sequoia Financial Advisors LLC now owns 3,980 shares of the company’s stock worth $568,000 after purchasing an additional 1,058 shares in the last quarter. International Assets Investment Management LLC bought a new position in shares of DoorDash in the third quarter valued at about $1,772,000. Ballentine Partners LLC lifted its position in DoorDash by 29.8% during the 3rd quarter. Ballentine Partners LLC now owns 2,850 shares of the company’s stock worth $407,000 after buying an additional 655 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. grew its holdings in DoorDash by 14.1% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 75,676 shares of the company’s stock worth $10,763,000 after acquiring an additional 9,359 shares during the last quarter. Finally, Forsta AP Fonden increased its position in DoorDash by 18.6% in the 3rd quarter. Forsta AP Fonden now owns 64,500 shares of the company’s stock valued at $9,206,000 after acquiring an additional 10,100 shares in the last quarter. 90.64% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages have recently issued reports on DASH. Barclays raised their price target on DoorDash from $163.00 to $200.00 and gave the company an “equal weight” rating in a research report on Thursday, February 13th. Wedbush raised their target price on DoorDash from $160.00 to $210.00 and gave the company a “neutral” rating in a report on Wednesday, February 12th. JMP Securities reiterated a “market outperform” rating and set a $200.00 price target on shares of DoorDash in a report on Thursday, February 6th. Wells Fargo & Company raised their price objective on shares of DoorDash from $166.00 to $198.00 and gave the stock an “equal weight” rating in a research note on Wednesday, February 12th. Finally, Oppenheimer boosted their target price on shares of DoorDash from $180.00 to $235.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 12th. Nine investment analysts have rated the stock with a hold rating and twenty-five have given a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $206.52.

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.