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

DoorDash, Inc. (NASDAQ:DASH - Get Free Report) CEO Tony Xu sold 34,167 shares of DoorDash stock in a transaction that occurred on Tuesday, July 15th. The shares were sold at an average price of $236.80, for a total transaction of $8,090,745.60. Following the sale, the chief executive officer owned 520,450 shares of the company's stock, valued at approximately $123,242,560. The trade was a 6.16% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link.

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

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

DoorDash Trading Up 0.2%

Shares of NASDAQ DASH traded up $0.52 during trading hours on Thursday, reaching $235.02. The stock had a trading volume of 3,012,445 shares, compared to its average volume of 4,218,900. The firm has a 50-day moving average of $220.61 and a 200-day moving average of $197.89. The firm has a market cap of $99.59 billion, a price-to-earnings ratio of 305.22 and a beta of 1.70. DoorDash, Inc. has a fifty-two week low of $99.32 and a fifty-two week high of $248.74.

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

Institutional Trading of DoorDash

A number of hedge funds have recently added to or reduced their stakes in the stock. Vanguard Group Inc. lifted its position in DoorDash by 25.8% during the 1st 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 during the period. Capital World Investors increased its stake in shares of DoorDash by 26.4% during the fourth quarter. Capital World Investors now owns 12,153,265 shares of the company's stock worth $2,038,712,000 after acquiring an additional 2,538,160 shares during the period. Price T Rowe Associates Inc. MD increased its stake in shares of DoorDash by 15.0% during the first quarter. Price T Rowe Associates Inc. MD now owns 4,907,970 shares of the company's stock worth $897,031,000 after acquiring an additional 641,601 shares during the period. Invesco Ltd. increased its stake in shares of DoorDash by 41.9% during 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 during the period. Finally, Franklin Resources Inc. increased its stake in shares of DoorDash by 25.0% during the fourth quarter. Franklin Resources Inc. now owns 4,749,810 shares of the company's stock worth $796,781,000 after acquiring an additional 949,414 shares during the period. 90.64% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts have issued reports on the company. Stifel Nicolaus set a $198.00 target price on DoorDash and gave the stock a "hold" rating in a research note on Tuesday, June 10th. Roth Capital raised their target price on DoorDash from $191.00 to $225.00 and gave the stock a "neutral" rating in a research note on Monday. BTIG Research upped their price objective on DoorDash from $225.00 to $265.00 and gave the company a "buy" rating in a report on Tuesday, July 1st. Wedbush reiterated an "outperform" rating on shares of DoorDash in a report on Wednesday, May 7th. Finally, Raymond James Financial upgraded shares of DoorDash from an "outperform" rating to a "strong-buy" rating and lifted their price target for the company from $215.00 to $260.00 in a research report on Monday, June 23rd. Eleven investment analysts have rated the stock with a hold rating, twenty-four have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, DoorDash has a consensus rating of "Moderate Buy" and an average target price of $226.97.

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.

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