DoorDash (NASDAQ:DASH) CEO Tony Xu Sells 34,166 Shares of Stock

DoorDash, Inc. (NASDAQ:DASH) CEO Tony Xu sold 34,166 shares of the business’s stock in a transaction on Wednesday, October 1st. The shares were sold at an average price of $268.24, for a total value of $9,164,687.84. Following the completion of the transaction, the chief executive officer owned 520,450 shares of the company’s stock, valued at $139,605,508. This trade represents a 6.16% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink.

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

• On Monday, September 15th, Tony Xu sold 51,250 shares of DoorDash stock. The shares were sold at an average price of $258.26, for a total value of $13,235,825.00.
• On Wednesday, September 3rd, Tony Xu sold 17,083 shares of DoorDash stock. The shares were sold at an average price of $250.50, for a total value of $4,279,291.50.
• On Tuesday, September 2nd, Tony Xu sold 34,167 shares of DoorDash stock. The shares were sold at an average price of $243.32, for a total value of $8,313,514.44.
• On Wednesday, August 20th, Tony Xu sold 291,403 shares of DoorDash stock. The shares were sold at an average price of $238.19, for a total value of $69,409,280.57.
• On Friday, August 15th, Tony Xu sold 34,167 shares of DoorDash stock. The shares were sold at an average price of $247.78, for a total value of $8,465,899.26.
• On Monday, August 11th, Tony Xu sold 51,250 shares of DoorDash stock. The shares were sold at an average price of $255.89, for a total transaction of $13,114,362.50.
• On Friday, July 25th, Tony Xu sold 30,124 shares of DoorDash stock. The shares were sold at an average price of $250.02, for a total transaction of $7,531,602.48.
• On Monday, July 28th, Tony Xu sold 4,042 shares of DoorDash stock. The shares were sold at an average price of $250.28, for a total transaction of $1,011,631.76.
• On Tuesday, July 15th, Tony Xu sold 34,167 shares of DoorDash stock. The shares were sold at an average price of $236.80, for a total transaction of $8,090,745.60.

DoorDash Stock Up 0.4%

Shares of NASDAQ DASH opened at $271.22 on Friday. DoorDash, Inc. has a 52-week low of $141.26 and a 52-week high of $278.15. The firm has a fifty day moving average of $255.52 and a 200-day moving average of $223.92. The stock has a market capitalization of $115.87 billion, a PE ratio of 150.68 and a beta of 1.71. The company has a quick ratio of 2.07, a current ratio of 2.07 and a debt-to-equity ratio of 0.30.

DoorDash (NASDAQ:DASH) last announced its quarterly earnings data on Wednesday, August 6th. The company reported $0.65 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.42 by $0.23. DoorDash had a net margin of 6.57% and a return on equity of 9.56%. The company had revenue of $3.28 billion during the quarter, compared to analysts’ expectations of $3.16 billion. During the same period in the previous year, the company earned ($0.38) EPS. The business’s quarterly revenue was up 24.9% compared to the same quarter last year. On average, analysts anticipate that DoorDash, Inc. will post 2.22 EPS for the current year.

Analysts Set New Price Targets

DASH has been the subject of several research reports. Evercore ISI reissued an “outperform” rating and set a $360.00 price objective (up from $240.00) on shares of DoorDash in a research note on Friday, August 8th. UBS Group boosted their price objective on shares of DoorDash from $260.00 to $280.00 and gave the company a “neutral” rating in a research note on Thursday, August 7th. Bank of America upped their price target on shares of DoorDash from $230.00 to $245.00 and gave the stock a “buy” rating in a research report on Thursday, June 12th. BMO Capital Markets upped their price target on shares of DoorDash from $238.00 to $288.00 and gave the stock an “outperform” rating in a research report on Thursday, August 7th. Finally, Wells Fargo & Company decreased their price target on shares of DoorDash from $306.00 to $301.00 and set an “equal weight” rating for the company in a research report on Friday. Two equities research analysts have rated the stock with a Strong Buy rating, twenty have issued a Buy rating and fourteen have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $275.27.

Hedge Funds Weigh In On DoorDash

A number of institutional investors and hedge funds have recently added to or reduced their stakes in DASH. Brighton Jones LLC boosted its position in DoorDash by 24.0% in the 4th quarter. Brighton Jones LLC now owns 9,336 shares of the company’s stock valued at $1,566,000 after buying an additional 1,807 shares during the last quarter. NBC Securities Inc. boosted its position in DoorDash by 123,533.3% in the 1st quarter. NBC Securities Inc. now owns 3,709 shares of the company’s stock valued at $677,000 after buying an additional 3,706 shares during the last quarter. Merit Financial Group LLC boosted its position in DoorDash by 324.8% in the 1st quarter. Merit Financial Group LLC now owns 12,749 shares of the company’s stock valued at $2,330,000 after buying an additional 9,748 shares during the last quarter. RFG Advisory LLC boosted its position in DoorDash by 45.4% in the 1st quarter. RFG Advisory LLC now owns 6,913 shares of the company’s stock valued at $1,263,000 after buying an additional 2,159 shares during the last quarter. Finally, Intellectus Partners LLC purchased a new position in DoorDash in the 1st quarter valued at about $302,000. 90.64% of the stock is owned by hedge funds and other institutional investors.

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.