DoorDash, Inc. (NASDAQ:DASH) CEO Tony Xu Sells 54,166 Shares

DoorDash, Inc. (NASDAQ:DASH) CEO Tony Xu sold 54,166 shares of the business’s stock in a transaction on Monday, July 1st. The shares were sold at an average price of $107.75, for a total value of $5,836,386.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

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

• On Monday, June 10th, Tony Xu sold 131,590 shares of DoorDash stock. The stock was sold at an average price of $111.61, for a total transaction of $14,686,759.90.
• On Tuesday, April 16th, Tony Xu sold 132,300 shares of DoorDash stock. The shares were sold at an average price of $133.51, for a total transaction of $17,663,373.00.

DoorDash Stock Up 0.2 %

NASDAQ:DASH traded up $0.17 during trading hours on Wednesday, reaching $107.62. The company had a trading volume of 1,628,054 shares, compared to its average volume of 3,937,264. The business’s 50-day simple moving average is $114.79 and its two-hundred day simple moving average is $117.44. DoorDash, Inc. has a twelve month low of $69.90 and a twelve month high of $143.34. The firm has a market cap of $44.01 billion, a price-to-earnings ratio of -100.71, a P/E/G ratio of 27.50 and a beta of 1.67.

DoorDash (NASDAQ:DASH) last announced its quarterly earnings data on Wednesday, May 1st. The company reported ($0.06) EPS for the quarter, beating analysts’ consensus estimates of ($0.07) by $0.01. DoorDash had a negative return on equity of 6.28% and a negative net margin of 4.61%. The firm had revenue of $2.51 billion during the quarter, compared to analysts’ expectations of $2.45 billion. During the same quarter last year, the firm posted ($0.41) earnings per share. The company’s revenue for the quarter was up 23.5% compared to the same quarter last year. As a group, equities analysts predict that DoorDash, Inc. will post 0.11 earnings per share for the current year.

Institutional Trading of DoorDash

Several institutional investors and hedge funds have recently modified their holdings of DASH. Janus Henderson Group PLC grew its position in DoorDash by 11,416.7% in the 1st quarter. Janus Henderson Group PLC now owns 3,455,116 shares of the company’s stock worth $475,837,000 after purchasing an additional 3,425,115 shares in the last quarter. Norges Bank bought a new position in shares of DoorDash in the fourth quarter valued at approximately $264,806,000. Vanguard Group Inc. increased its position in shares of DoorDash by 8.4% during the fourth quarter. Vanguard Group Inc. now owns 29,303,496 shares of the company’s stock valued at $2,897,823,000 after acquiring an additional 2,259,976 shares during the last quarter. Franklin Resources Inc. lifted its holdings in DoorDash by 294.5% during the fourth quarter. Franklin Resources Inc. now owns 1,607,776 shares of the company’s stock worth $158,993,000 after acquiring an additional 1,200,181 shares during the period. Finally, Assenagon Asset Management S.A. lifted its holdings in DoorDash by 1,725.6% during the fourth quarter. Assenagon Asset Management S.A. now owns 1,113,175 shares of the company’s stock worth $110,082,000 after acquiring an additional 1,052,198 shares during the period. 90.64% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

DASH has been the subject of a number of analyst reports. JMP Securities dropped their price target on DoorDash from $160.00 to $140.00 and set a “market outperform” rating for the company in a research note on Thursday, May 2nd. Citigroup upped their price target on shares of DoorDash from $141.00 to $144.00 and gave the stock a “buy” rating in a report on Thursday, May 2nd. Roth Mkm reduced their price target on shares of DoorDash from $121.00 to $118.00 and set a “neutral” rating on the stock in a research report on Thursday, May 2nd. Oppenheimer boosted their price objective on shares of DoorDash from $140.00 to $150.00 and gave the company an “outperform” rating in a research report on Monday, April 29th. Finally, JPMorgan Chase & Co. raised their target price on DoorDash from $108.00 to $111.00 and gave the company a “neutral” rating in a report on Thursday, May 2nd. Eight investment analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $134.79.

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.