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 Monday, December 16th. The shares were sold at an average price of $178.74, for a total value of $19,363,261.68. Following the completion of the transaction, the chief executive officer now directly owns 1,500 shares in the company, valued at $268,110. This represents a 98.63 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

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

• 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 value of $12,014,289.63.
• On Monday, September 23rd, Tony Xu sold 54,166 shares of DoorDash stock. The stock was sold at an average price of $140.06, for a total transaction of $7,586,489.96.

DoorDash Trading Up 1.4 %

NASDAQ:DASH opened at $167.65 on Friday. The firm has a market capitalization of $69.64 billion, a PE ratio of -372.56, a PEG ratio of 13.56 and a beta of 1.70. DoorDash, Inc. has a 1 year low of $93.33 and a 1 year high of $181.78. The firm’s fifty day simple moving average is $167.15 and its 200 day simple moving average is $137.10.

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

Institutional Trading of DoorDash

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in DASH. Rakuten Securities Inc. lifted its holdings in shares of DoorDash by 302.3% during the third quarter. Rakuten Securities Inc. now owns 173 shares of the company’s stock worth $25,000 after buying an additional 130 shares during the last quarter. Meeder Asset Management Inc. increased its position in DoorDash by 82.0% during the second quarter. Meeder Asset Management Inc. now owns 293 shares of the company’s stock worth $32,000 after acquiring an additional 132 shares during the period. Headlands Technologies LLC acquired a new position in DoorDash during the 2nd quarter valued at $32,000. Quest Partners LLC boosted its holdings in DoorDash by 146.8% in the 2nd quarter. Quest Partners LLC now owns 343 shares of the company’s stock valued at $37,000 after purchasing an additional 204 shares during the period. Finally, First Horizon Advisors Inc. grew its position in DoorDash by 141.1% in the 2nd quarter. First Horizon Advisors Inc. now owns 352 shares of the company’s stock worth $38,000 after purchasing an additional 206 shares during the last quarter. Institutional investors and hedge funds own 90.64% of the company’s stock.

Analyst Ratings Changes

DASH has been the subject of several research analyst reports. KeyCorp upped their price target on shares of DoorDash from $177.00 to $180.00 and gave the company an “overweight” rating in a research report on Thursday, October 31st. The Goldman Sachs Group boosted their target price on shares of DoorDash from $142.00 to $161.00 and gave the company a “neutral” rating in a research note on Friday, November 1st. Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $160.00 target price on shares of DoorDash in a research report on Monday, October 7th. Susquehanna upped their price target on DoorDash from $140.00 to $180.00 and gave the company a “positive” rating in a research report on Friday, November 1st. Finally, BTIG Research raised DoorDash from a “neutral” rating to a “buy” rating and set a $155.00 price objective for the company in a research note on Thursday, September 19th. Ten investment analysts have rated the stock with a hold rating and twenty-four have given a buy rating to the company’s stock. According to MarketBeat.com, DoorDash has a consensus rating of “Moderate Buy” and a consensus price target of $168.39.

About DoorDash

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.