Tony Xu Sells 132,300 Shares of DoorDash, Inc. (NASDAQ:DASH) Stock

DoorDash, Inc. (NASDAQ:DASH) CEO Tony Xu sold 132,300 shares of the firm’s stock in a transaction dated Tuesday, April 16th. The stock was sold at an average price of $133.51, for a total value of $17,663,373.00. The transaction was disclosed in a legal filing with the SEC, which is available through this link.

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

• On Thursday, March 14th, Tony Xu sold 132,300 shares of DoorDash stock. The stock was sold at an average price of $131.96, for a total value of $17,458,308.00.

DoorDash Price Performance

Shares of DASH opened at $130.10 on Friday. The firm has a 50 day simple moving average of $130.22 and a 200-day simple moving average of $106.42. DoorDash, Inc. has a 1-year low of $56.59 and a 1-year high of $143.34. The stock has a market cap of $52.56 billion, a price-to-earnings ratio of -90.98, a price-to-earnings-growth ratio of 15.69 and a beta of 1.79.

DoorDash (NASDAQ:DASH) last issued its quarterly earnings data on Thursday, February 15th. The company reported ($0.39) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.15) by ($0.24). DoorDash had a negative return on equity of 8.49% and a negative net margin of 6.46%. The business had revenue of $2.30 billion for the quarter, compared to analysts’ expectations of $2.25 billion. During the same period last year, the business earned ($0.63) earnings per share. The company’s revenue for the quarter was up 26.7% on a year-over-year basis. On average, equities analysts expect that DoorDash, Inc. will post 0.2 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

DASH has been the subject of a number of recent analyst reports. The Goldman Sachs Group raised their price objective on shares of DoorDash from $109.00 to $122.00 and gave the company a “neutral” rating in a research report on Friday, February 16th. BMO Capital Markets raised their price objective on shares of DoorDash from $120.00 to $138.00 and gave the company an “outperform” rating in a research report on Friday, February 16th. Truist Financial raised their price objective on shares of DoorDash from $140.00 to $155.00 and gave the company a “buy” rating in a research report on Wednesday, March 27th. Benchmark initiated coverage on shares of DoorDash in a research report on Thursday, April 4th. They issued a “buy” rating and a $165.00 price objective for the company. Finally, Needham & Company LLC restated a “buy” rating and issued a $133.00 price objective on shares of DoorDash in a research report on Tuesday, February 6th. Nine analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $128.88.

Institutional Trading of DoorDash

Hedge funds and other institutional investors have recently bought and sold shares of the company. Fifth Third Bancorp grew its stake in DoorDash by 448.8% in the 3rd quarter. Fifth Third Bancorp now owns 439 shares of the company’s stock worth $35,000 after acquiring an additional 359 shares during the period. Parkside Financial Bank & Trust grew its stake in DoorDash by 361.2% in the 4th quarter. Parkside Financial Bank & Trust now owns 392 shares of the company’s stock worth $39,000 after acquiring an additional 307 shares during the period. Covestor Ltd grew its stake in DoorDash by 101.2% in the 3rd quarter. Covestor Ltd now owns 503 shares of the company’s stock worth $40,000 after acquiring an additional 253 shares during the period. Valley National Advisers Inc. purchased a new stake in DoorDash in the 4th quarter worth approximately $43,000. Finally, SJS Investment Consulting Inc. grew its stake in DoorDash by 26.9% in the 4th quarter. SJS Investment Consulting Inc. now owns 462 shares of the company’s stock worth $46,000 after acquiring an additional 98 shares during the period. 90.64% of the stock is owned by hedge funds and other institutional investors.

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.