DoorDash, Inc. (NASDAQ:DASH - Get Free Report) CEO Tony Xu sold 108,332 shares of the stock in a transaction that occurred on Monday, December 16th. The shares were sold at an average price of $178.74, for a total transaction of $19,363,261.68. Following the sale, the chief executive officer now directly owns 1,500 shares of the company's stock, valued at $268,110. The trade was a 98.63 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.
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 transaction 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 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 shares were sold at an average price of $140.06, for a total transaction of $7,586,489.96.
DoorDash Stock Performance
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NASDAQ:DASH opened at $165.39 on Thursday. DoorDash, Inc. has a 1 year low of $93.33 and a 1 year high of $181.78. The stock has a market cap of $68.70 billion, a P/E ratio of -367.53, a P/E/G ratio of 13.56 and a beta of 1.70. The stock has a 50-day simple moving average of $166.69 and a 200-day simple moving average of $136.89.
DoorDash (NASDAQ:DASH - Get Free Report) last released its quarterly earnings data on Wednesday, October 30th. The company reported $0.38 earnings per share for the quarter, topping analysts' consensus estimates of $0.21 by $0.17. The company had revenue of $2.71 billion for 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 firm's revenue for the quarter was up 25.0% on a year-over-year basis. During the same quarter last year, the company earned ($0.19) earnings per share. On average, equities research analysts predict that DoorDash, Inc. will post 0.26 EPS for the current year.
Hedge Funds Weigh In On DoorDash
Several hedge funds have recently made changes to their positions in DASH. Rakuten Securities Inc. grew its position in DoorDash by 302.3% during the 3rd quarter. Rakuten Securities Inc. now owns 173 shares of the company's stock worth $25,000 after purchasing an additional 130 shares during the last quarter. Meeder Asset Management Inc. increased its stake in shares of 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 purchased a new position in DoorDash during the second quarter worth about $32,000. Quest Partners LLC lifted its position in DoorDash by 146.8% in the second 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. lifted its holdings in shares of DoorDash by 141.1% in the 2nd quarter. First Horizon Advisors Inc. now owns 352 shares of the company's stock valued at $38,000 after buying an additional 206 shares during the period. Hedge funds and other institutional investors own 90.64% of the company's stock.
Analyst Ratings Changes
A number of brokerages have weighed in on DASH. KeyCorp upped their price objective on shares of DoorDash from $177.00 to $180.00 and gave the stock an "overweight" rating in a research report on Thursday, October 31st. Needham & Company LLC increased their price objective on shares of DoorDash from $145.00 to $180.00 and gave the company a "buy" rating in a report on Thursday, October 31st. Keefe, Bruyette & Woods upgraded shares of DoorDash from a "market perform" rating to an "outperform" rating and set a $177.00 price target for the company in a research report on Wednesday, September 25th. Mizuho lifted their price objective on DoorDash from $162.00 to $173.00 and gave the stock an "outperform" rating in a report on Thursday, October 24th. Finally, The Goldman Sachs Group upped their price target on DoorDash from $142.00 to $161.00 and gave the company a "neutral" rating in a research report on Friday, November 1st. Ten investment analysts have rated the stock with a hold rating and twenty-four have issued a buy rating to the company's stock. According to data from MarketBeat.com, DoorDash currently has a consensus rating of "Moderate Buy" and an average price target of $168.39.
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About DoorDash
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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.
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