Tony Xu Sells 108,334 Shares of DoorDash, Inc. (NASDAQ:DASH) Stock

DoorDash, Inc. (NASDAQ:DASH) CEO Tony Xu sold 108,334 shares of DoorDash stock in a transaction on Tuesday, November 26th. The stock was sold at an average price of $180.07, for a total value of $19,507,703.38. Following the transaction, the chief executive officer now directly owns 1,500 shares of the company’s stock, valued at $270,105. This trade represents a 98.63 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

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

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

DoorDash Trading Up 1.1 %

DASH stock traded up $2.04 during trading on Friday, reaching $180.48. The stock had a trading volume of 1,619,212 shares, compared to its average volume of 3,784,929. The firm has a fifty day moving average price of $157.29 and a 200 day moving average price of $130.64. The company has a market capitalization of $74.97 billion, a P/E ratio of -399.82, a PEG ratio of 13.72 and a beta of 1.67. DoorDash, Inc. has a 1-year low of $92.58 and a 1-year high of $181.30.

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

Institutional Trading of DoorDash

Institutional investors have recently added to or reduced their stakes in the stock. Asset Management One Co. Ltd. grew its holdings in DoorDash by 10.6% during the 3rd quarter. Asset Management One Co. Ltd. now owns 112,181 shares of the company’s stock worth $16,012,000 after acquiring an additional 10,755 shares in the last quarter. Marshall Wace LLP lifted its position in shares of DoorDash by 930.5% during the second quarter. Marshall Wace LLP now owns 675,988 shares of the company’s stock worth $73,534,000 after purchasing an additional 610,388 shares during the last quarter. Forsta AP Fonden grew its stake in DoorDash by 18.6% in the third quarter. Forsta AP Fonden now owns 64,500 shares of the company’s stock worth $9,206,000 after purchasing an additional 10,100 shares in the last quarter. Baillie Gifford & Co. increased its holdings in DoorDash by 13.2% in the third quarter. Baillie Gifford & Co. now owns 14,142,674 shares of the company’s stock valued at $2,018,584,000 after buying an additional 1,645,186 shares during the last quarter. Finally, CWM LLC raised its stake in DoorDash by 97.1% during the third quarter. CWM LLC now owns 10,705 shares of the company’s stock valued at $1,528,000 after buying an additional 5,273 shares in the last quarter. 90.64% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

DASH has been the topic of several recent research reports. Benchmark upped their price objective on DoorDash from $152.00 to $173.00 and gave the company a “buy” rating in a research report on Thursday, October 17th. Needham & Company LLC raised their price target 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. Susquehanna upped their price objective on shares of DoorDash from $140.00 to $180.00 and gave the company a “positive” rating in a research note on Friday, November 1st. Truist Financial lifted their target price on shares of DoorDash from $170.00 to $180.00 and gave the stock a “buy” rating in a research note on Thursday, October 31st. Finally, Jefferies Financial Group raised their price objective on DoorDash from $155.00 to $180.00 and gave the stock a “buy” rating in a report on Tuesday, October 22nd. Ten equities research analysts have rated the stock with a hold rating and twenty-four have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $166.06.

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.