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 that occurred on Thursday, January 2nd. The stock was sold at an average price of $170.35, for a total transaction of $18,454,356.20. Following the completion of the transaction, the chief executive officer now owns 1,500 shares in the company, valued at approximately $255,525. This represents a 98.63 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

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

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

DoorDash Trading Up 2.5 %

NASDAQ:DASH opened at $174.96 on Monday. DoorDash, Inc. has a 12-month low of $93.33 and a 12-month high of $181.78. The stock’s 50 day simple moving average is $171.36 and its 200-day simple moving average is $141.93. The firm has a market cap of $72.68 billion, a P/E ratio of -388.80, a PEG ratio of 13.56 and a beta of 1.70.

DoorDash (NASDAQ:DASH) last announced its quarterly earnings data on Wednesday, October 30th. The company reported $0.38 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.21 by $0.17. DoorDash had a negative net margin of 1.69% and a negative return on equity of 2.41%. The company had revenue of $2.71 billion for the quarter, compared to analysts’ expectations of $2.66 billion. During the same period in the previous year, the company posted ($0.19) EPS. DoorDash’s revenue was up 25.0% compared to the same quarter last year. Research analysts forecast that DoorDash, Inc. will post 0.26 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities analysts have commented on DASH shares. Loop Capital raised their price target on shares of DoorDash from $170.00 to $200.00 and gave the company a “buy” rating in a research report on Tuesday, November 12th. JPMorgan Chase & Co. upped their price target on DoorDash from $137.00 to $155.00 and gave the stock a “neutral” rating in a report on Thursday, October 31st. Mizuho lifted their price objective on DoorDash from $162.00 to $173.00 and gave the company an “outperform” rating in a research note on Thursday, October 24th. Needham & Company LLC upped their target price on shares of DoorDash from $145.00 to $180.00 and gave the stock a “buy” rating in a research note on Thursday, October 31st. Finally, Argus raised shares of DoorDash from a “hold” rating to a “buy” rating in a report on Friday, December 20th. Nine investment analysts have rated the stock with a hold rating and twenty-five have issued a buy rating to the company’s stock. According to data from MarketBeat, DoorDash has a consensus rating of “Moderate Buy” and a consensus target price of $171.42.

Institutional Investors Weigh In On DoorDash

A number of hedge funds have recently added to or reduced their stakes in the company. Brighton Jones LLC grew its stake in shares of DoorDash by 0.8% during the 2nd quarter. Brighton Jones LLC now owns 10,317 shares of the company’s stock worth $1,122,000 after purchasing an additional 82 shares during the period. Central Pacific Bank Trust Division boosted its holdings in DoorDash by 1.3% during the fourth quarter. Central Pacific Bank Trust Division now owns 6,966 shares of the company’s stock worth $1,169,000 after buying an additional 91 shares in the last quarter. E Fund Management Co. Ltd. grew its position in DoorDash by 3.5% during the second quarter. E Fund Management Co. Ltd. now owns 3,263 shares of the company’s stock worth $355,000 after buying an additional 111 shares during the period. Venturi Wealth Management LLC increased its holdings in DoorDash by 39.0% in the third quarter. Venturi Wealth Management LLC now owns 424 shares of the company’s stock valued at $61,000 after buying an additional 119 shares in the last quarter. Finally, Rakuten Securities Inc. lifted its position in shares of DoorDash by 302.3% during the 3rd quarter. Rakuten Securities Inc. now owns 173 shares of the company’s stock valued at $25,000 after acquiring an additional 130 shares during the period. 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.