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

Key Points

• DoorDash CEO Tony Xu sold 34,166 shares of the company's stock, totaling approximately $9.16 million, and now owns 520,450 shares valued at around $139.6 million.
• The company's stock price is currently around $271.22, reflecting a market cap of $115.87 billion and an increase in quarterly revenue by 24.9% year-over-year.
• Several analysts recently raised their price targets for DoorDash, with expectations of a Moderate Buy rating and an average target price of approximately $275.27.

DoorDash, Inc. (NASDAQ:DASH - Get Free Report) CEO Tony Xu sold 34,166 shares of the stock in a transaction dated Wednesday, October 1st. The stock was sold at an average price of $268.24, for a total transaction of $9,164,687.84. Following the sale, the chief executive officer directly owned 520,450 shares in the company, valued at approximately $139,605,508. The trade was a 6.16% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

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

• On Monday, September 15th, Tony Xu sold 51,250 shares of DoorDash stock. The stock was sold at an average price of $258.26, for a total transaction of $13,235,825.00.
• On Wednesday, September 3rd, Tony Xu sold 17,083 shares of DoorDash stock. The stock was sold at an average price of $250.50, for a total transaction of $4,279,291.50.
• On Tuesday, September 2nd, Tony Xu sold 34,167 shares of DoorDash stock. The stock was sold at an average price of $243.32, for a total transaction of $8,313,514.44.
• On Wednesday, August 20th, Tony Xu sold 291,403 shares of DoorDash stock. The stock was sold at an average price of $238.19, for a total transaction of $69,409,280.57.
• On Friday, August 15th, Tony Xu sold 34,167 shares of DoorDash stock. The stock was sold at an average price of $247.78, for a total transaction of $8,465,899.26.
• On Monday, August 11th, Tony Xu sold 51,250 shares of DoorDash stock. The stock was 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 Price Performance

DASH stock traded up $1.13 during mid-day trading on Friday, reaching $271.22. The company's stock had a trading volume of 2,417,180 shares, compared to its average volume of 4,454,777. The stock has a market cap of $115.87 billion, a PE ratio of 150.68 and a beta of 1.71. The company has a current ratio of 2.07, a quick ratio of 2.07 and a debt-to-equity ratio of 0.30. DoorDash, Inc. has a fifty-two week low of $141.26 and a fifty-two week high of $278.15. The company's 50 day moving average is $255.09 and its two-hundred day moving average is $223.32.

DoorDash (NASDAQ:DASH - Get Free Report) last released its quarterly earnings data on Wednesday, August 6th. The company reported $0.65 EPS for the quarter, beating analysts' consensus estimates of $0.42 by $0.23. The company had revenue of $3.28 billion during the quarter, compared to the consensus estimate of $3.16 billion. DoorDash had a net margin of 6.57% and a return on equity of 9.56%. DoorDash's quarterly revenue was up 24.9% on a year-over-year basis. During the same quarter in the prior year, the firm earned ($0.38) EPS. Equities research analysts expect that DoorDash, Inc. will post 2.22 EPS for the current year.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the stock. Jefferies Financial Group raised their price target on shares of DoorDash from $250.00 to $265.00 and gave the stock a "hold" rating in a report on Monday, August 11th. Roth Capital raised their price target on shares of DoorDash from $191.00 to $225.00 and gave the stock a "neutral" rating in a report on Monday, July 14th. Truist Financial raised their price target on shares of DoorDash from $272.00 to $326.00 and gave the stock a "buy" rating in a report on Thursday, August 7th. Evercore ISI reissued an "outperform" rating and issued a $360.00 target price (up previously from $240.00) on shares of DoorDash in a research report on Friday, August 8th. Finally, Bank of America boosted their target price on DoorDash from $230.00 to $245.00 and gave the company a "buy" rating in a research report on Thursday, June 12th. Two research analysts have rated the stock with a Strong Buy rating, twenty have issued a Buy rating and fourteen have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $275.27.

Hedge Funds Weigh In On DoorDash

Several institutional investors have recently modified their holdings of DASH. Vanguard Group Inc. grew its stake in shares of DoorDash by 25.8% in the first quarter. Vanguard Group Inc. now owns 39,397,286 shares of the company's stock worth $7,200,642,000 after acquiring an additional 8,073,882 shares in the last quarter. Norges Bank acquired a new position in shares of DoorDash in the second quarter worth $1,185,576,000. AQR Capital Management LLC grew its stake in shares of DoorDash by 442.5% in the first quarter. AQR Capital Management LLC now owns 1,836,122 shares of the company's stock worth $321,799,000 after acquiring an additional 1,497,636 shares in the last quarter. Invesco Ltd. grew its stake in shares of DoorDash by 41.9% in the first quarter. Invesco Ltd. now owns 4,799,851 shares of the company's stock worth $877,269,000 after acquiring an additional 1,416,194 shares in the last quarter. Finally, Nuveen LLC acquired a new position in shares of DoorDash in the first quarter worth $211,415,000. Institutional investors and hedge funds own 90.64% of the company's stock.

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.

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