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

DoorDash, Inc. (NASDAQ:DASH) CEO Tony Xu sold 132,300 shares of DoorDash 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

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

• On Thursday, March 14th, Tony Xu sold 132,300 shares of DoorDash stock. The shares were sold at an average price of $131.96, for a total transaction of $17,458,308.00.

DoorDash Stock Down 2.2 %

NASDAQ:DASH opened at $127.18 on Friday. DoorDash, Inc. has a 12-month low of $56.59 and a 12-month high of $143.34. The firm has a market capitalization of $51.38 billion, a PE ratio of -88.94, a price-to-earnings-growth ratio of 15.34 and a beta of 1.79. The firm has a 50-day moving average price of $130.37 and a 200 day moving average price of $106.75.

DoorDash (NASDAQ:DASH) last posted its quarterly earnings results on Thursday, February 15th. The company reported ($0.39) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.15) by ($0.24). The business 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%. The business’s revenue for the quarter was up 26.7% on a year-over-year basis. During the same period last year, the company earned ($0.63) EPS. On average, research analysts expect that DoorDash, Inc. will post 0.2 EPS for the current year.

Institutional Trading of DoorDash

Several hedge funds have recently modified their holdings of the company. Vanguard Group Inc. increased its stake in shares of DoorDash by 8.4% in the fourth quarter. Vanguard Group Inc. now owns 29,303,496 shares of the company’s stock valued at $2,897,823,000 after buying an additional 2,259,976 shares in the last quarter. Morgan Stanley increased its position in DoorDash by 5.0% in the 4th quarter. Morgan Stanley now owns 29,086,197 shares of the company’s stock valued at $1,419,988,000 after acquiring an additional 1,384,006 shares in the last quarter. BlackRock Inc. raised its stake in shares of DoorDash by 4.1% in the first quarter. BlackRock Inc. now owns 13,058,004 shares of the company’s stock worth $829,967,000 after acquiring an additional 509,207 shares during the last quarter. Baillie Gifford & Co. raised its stake in shares of DoorDash by 6.4% in the fourth quarter. Baillie Gifford & Co. now owns 12,775,622 shares of the company’s stock worth $1,263,381,000 after acquiring an additional 772,977 shares during the last quarter. Finally, Capital World Investors raised its stake in shares of DoorDash by 0.6% in the fourth quarter. Capital World Investors now owns 9,395,743 shares of the company’s stock worth $929,145,000 after acquiring an additional 60,033 shares during the last quarter. Institutional investors and hedge funds own 90.64% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on DASH shares. BMO Capital Markets lifted their price target on shares of DoorDash from $120.00 to $138.00 and gave the company an “outperform” rating in a research report on Friday, February 16th. Mizuho lifted their price target on shares of DoorDash from $140.00 to $152.00 and gave the company a “buy” rating in a research report on Friday, February 16th. UBS Group dropped their price target on shares of DoorDash from $123.00 to $118.00 and set a “neutral” rating on the stock in a research report on Friday, February 16th. Moffett Nathanson raised shares of DoorDash from a “neutral” rating to a “buy” rating and lifted their price target for the company from $118.00 to $164.00 in a research report on Thursday, April 11th. Finally, Truist Financial lifted their price target on shares of DoorDash from $140.00 to $155.00 and gave the company a “buy” rating in a research report on Wednesday, March 27th. Nine equities research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company’s stock. According to MarketBeat, DoorDash currently has an average rating of “Moderate Buy” and an average target price of $130.52.

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.