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

DoorDash, Inc. (NASDAQ:DASH) CEO Tony Xu sold 108,334 shares of the 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 owns 1,500 shares of the company’s stock, valued at approximately $270,105. This represents a 98.63 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at 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 stock was 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 stock was sold at an average price of $140.06, for a total value of $7,586,489.96.

DoorDash Price Performance

Shares of NASDAQ:DASH traded up $2.04 on Friday, reaching $180.48. The company’s stock had a trading volume of 1,619,212 shares, compared to its average volume of 3,784,929. DoorDash, Inc. has a 52-week low of $92.58 and a 52-week high of $181.30. The stock’s 50-day moving average is $157.29 and its two-hundred day moving average is $130.64. The stock 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 (NASDAQ:DASH) last announced its earnings results on Wednesday, October 30th. The company reported $0.38 earnings per share for the quarter, beating the consensus estimate 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 company had revenue of $2.71 billion for the quarter, compared to the consensus estimate of $2.66 billion. During the same period last year, the business posted ($0.19) EPS. The company’s revenue was up 25.0% on a year-over-year basis. Equities analysts forecast that DoorDash, Inc. will post 0.26 earnings per share for the current fiscal year.

Institutional Investors Weigh In On DoorDash

Institutional investors have recently added to or reduced their stakes in the business. Franklin Resources Inc. raised its position in DoorDash by 15.2% in the third quarter. Franklin Resources Inc. now owns 3,800,396 shares of the company’s stock worth $570,135,000 after acquiring an additional 501,905 shares in the last quarter. Tri Ri Asset Management Corp purchased a new position in shares of DoorDash in the 3rd quarter valued at about $6,250,000. Tidal Investments LLC increased its holdings in shares of DoorDash by 19.9% in the 3rd quarter. Tidal Investments LLC now owns 12,321 shares of the company’s stock valued at $1,759,000 after purchasing an additional 2,049 shares in the last quarter. Wilmington Savings Fund Society FSB acquired a new position in DoorDash during the third quarter worth about $1,109,000. Finally, Sanctuary Advisors LLC increased its holdings in DoorDash by 48.8% in the third quarter. Sanctuary Advisors LLC now owns 10,663 shares of the company’s stock valued at $1,522,000 after buying an additional 3,498 shares in the last quarter. Hedge funds and other institutional investors own 90.64% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have issued reports on DASH shares. Bank of America boosted their price target on shares of DoorDash from $168.00 to $172.00 and gave the stock a “buy” rating in a research note on Thursday, October 31st. UBS Group upped their price objective on DoorDash from $143.00 to $160.00 and gave the stock a “neutral” rating in a research report on Friday, October 18th. The Goldman Sachs Group upped their price target on DoorDash from $142.00 to $161.00 and gave the stock a “neutral” rating in a report on Friday, November 1st. 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. Finally, Barclays raised their target price on shares of DoorDash from $120.00 to $163.00 and gave the company an “equal weight” rating in a report on Friday, November 1st. Ten equities research analysts have rated the stock with a hold rating and twenty-four have given a buy rating to the company. According to data from MarketBeat.com, DoorDash currently has a consensus rating of “Moderate Buy” and an average price target of $166.06.

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.