Tony Xu Sells 34,167 Shares of DoorDash, Inc. (NASDAQ:DASH) Stock

DoorDash, Inc. (NASDAQ:DASH) CEO Tony Xu sold 34,167 shares of the stock in a transaction dated Tuesday, July 15th. The shares were sold at an average price of $236.80, for a total value of $8,090,745.60. Following the transaction, the chief executive officer directly owned 520,450 shares in the company, valued at approximately $123,242,560. This represents a 6.16% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

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

• On Tuesday, July 1st, Tony Xu sold 34,167 shares of DoorDash stock. The shares were sold at an average price of $240.66, for a total value of $8,222,630.22.
• On Monday, June 16th, Tony Xu sold 44,244 shares of DoorDash stock. The shares were sold at an average price of $220.71, for a total value of $9,765,093.24.

DoorDash Price Performance

DASH stock opened at $239.17 on Friday. The business has a fifty day moving average price of $221.73 and a 200 day moving average price of $198.38. DoorDash, Inc. has a fifty-two week low of $99.32 and a fifty-two week high of $248.74. The stock has a market capitalization of $101.35 billion, a price-to-earnings ratio of 310.61 and a beta of 1.70.

DoorDash (NASDAQ:DASH) last released its quarterly earnings results on Tuesday, May 6th. The company reported $0.44 earnings per share for the quarter, beating analysts’ consensus estimates of $0.39 by $0.05. The firm had revenue of $3.03 billion during the quarter, compared to analysts’ expectations of $3.10 billion. DoorDash had a return on equity of 4.39% and a net margin of 3.02%. The business’s revenue was up 20.7% on a year-over-year basis. During the same period last year, the firm posted ($0.06) EPS. On average, equities analysts expect that DoorDash, Inc. will post 2.22 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts recently weighed in on the company. FBN Securities assumed coverage on DoorDash in a research note on Friday, March 28th. They set an “outperform” rating and a $230.00 target price for the company. Stifel Nicolaus set a $198.00 target price on DoorDash and gave the company a “hold” rating in a research note on Tuesday, June 10th. Raymond James Financial upgraded DoorDash from an “outperform” rating to a “strong-buy” rating and increased their target price for the company from $215.00 to $260.00 in a research note on Monday, June 23rd. Royal Bank Of Canada restated an “outperform” rating and set a $230.00 target price on shares of DoorDash in a research note on Wednesday, May 7th. Finally, BMO Capital Markets restated an “outperform” rating on shares of DoorDash in a research note on Tuesday, April 29th. Twelve equities research analysts have rated the stock with a hold rating, twenty-three have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, DoorDash presently has an average rating of “Moderate Buy” and a consensus price target of $226.97.

Institutional Investors Weigh In On DoorDash

Hedge funds and other institutional investors have recently made changes to their positions in the company. Saudi Central Bank acquired a new stake in shares of DoorDash in the 1st quarter valued at $25,000. WPG Advisers LLC acquired a new stake in shares of DoorDash in the 1st quarter valued at $26,000. Pacific Center for Financial Services acquired a new stake in shares of DoorDash in the 1st quarter valued at $27,000. Harbour Investments Inc. increased its stake in shares of DoorDash by 55.6% in the 1st quarter. Harbour Investments Inc. now owns 196 shares of the company’s stock valued at $36,000 after buying an additional 70 shares during the period. Finally, SouthState Corp increased its stake in shares of DoorDash by 762.5% in the 1st quarter. SouthState Corp now owns 207 shares of the company’s stock valued at $38,000 after buying an additional 183 shares during the period. 90.64% of the stock is owned by institutional investors and hedge funds.

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.