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

DoorDash, Inc. (NASDAQ:DASH) CEO Tony Xu sold 132,300 shares of the firm’s stock in a transaction that occurred on Tuesday, April 16th. The shares were sold at an average price of $133.51, for a total transaction of $17,663,373.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, 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 transaction of $17,458,308.00.

DoorDash Trading Down 0.6 %

Shares of NASDAQ DASH opened at $130.10 on Friday. The firm has a market cap of $52.56 billion, a PE ratio of -90.98, a PEG ratio of 15.69 and a beta of 1.79. DoorDash, Inc. has a 1-year low of $56.59 and a 1-year high of $143.34. The company has a fifty day moving average price of $130.22 and a 200 day moving average price of $106.42.

DoorDash (NASDAQ:DASH) last announced its earnings results 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). The company had revenue of $2.30 billion during the quarter, compared to analyst estimates of $2.25 billion. DoorDash had a negative return on equity of 8.49% and a negative net margin of 6.46%. DoorDash’s revenue for the quarter was up 26.7% on a year-over-year basis. During the same period in the previous year, the company posted ($0.63) earnings per share. Equities research analysts forecast that DoorDash, Inc. will post 0.2 EPS for the current year.

Hedge Funds Weigh In On DoorDash

Large investors have recently modified their holdings of the business. Fifth Third Bancorp boosted its stake in shares of DoorDash by 448.8% during the 3rd quarter. Fifth Third Bancorp now owns 439 shares of the company’s stock worth $35,000 after buying an additional 359 shares during the last quarter. Parkside Financial Bank & Trust boosted its stake in shares of DoorDash by 361.2% during the 4th quarter. Parkside Financial Bank & Trust now owns 392 shares of the company’s stock worth $39,000 after buying an additional 307 shares during the last quarter. Covestor Ltd boosted its stake in shares of DoorDash by 101.2% during the 3rd quarter. Covestor Ltd now owns 503 shares of the company’s stock worth $40,000 after buying an additional 253 shares during the last quarter. Valley National Advisers Inc. acquired a new position in shares of DoorDash during the 4th quarter worth about $43,000. Finally, SJS Investment Consulting Inc. boosted its stake in shares of DoorDash by 26.9% during the 4th quarter. SJS Investment Consulting Inc. now owns 462 shares of the company’s stock worth $46,000 after buying an additional 98 shares during the last quarter. 90.64% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts have commented on the stock. UBS Group lowered their target price on shares of DoorDash from $123.00 to $118.00 and set a “neutral” rating for the company in a report on Friday, February 16th. Morgan Stanley raised shares of DoorDash from an “equal weight” rating to an “overweight” rating and lifted their target price for the stock from $135.00 to $145.00 in a report on Thursday, February 22nd. Moffett Nathanson raised shares of DoorDash from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $118.00 to $164.00 in a report on Thursday, April 11th. Mizuho lifted their target price on shares of DoorDash from $140.00 to $152.00 and gave the stock a “buy” rating in a report on Friday, February 16th. Finally, Benchmark assumed coverage on shares of DoorDash in a report on Thursday, April 4th. They set a “buy” rating and a $165.00 target price for the company. Nine research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. According to data from MarketBeat.com, DoorDash presently has a consensus rating of “Moderate Buy” and a consensus target price of $128.88.

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.