Tony Xu Sells 16,667 Shares of DoorDash (NASDAQ:DASH) Stock

by · The Cerbat Gem

DoorDash, Inc. (NASDAQ:DASH – Get Free Report) CEO Tony Xu sold 16,667 shares of the stock in a transaction on Tuesday, December 9th. The stock was sold at an average price of $230.00, for a total value of $3,833,410.00. Following the transaction, the chief executive officer owned 1,500 shares of the company’s stock, valued at $345,000. This represents a 91.74% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

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

  • On Thursday, November 20th, Tony Xu sold 288,410 shares of DoorDash stock. The shares were sold at an average price of $196.04, for a total transaction of $56,539,896.40.
  • On Wednesday, October 1st, Tony Xu sold 34,166 shares of DoorDash stock. The stock was sold at an average price of $268.24, for a total transaction of $9,164,687.84.
  • 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.

DoorDash Price Performance

NASDAQ:DASH traded up $4.22 on Thursday, reaching $224.52. The stock had a trading volume of 4,014,323 shares, compared to its average volume of 4,665,880. The company has a quick ratio of 2.04, a current ratio of 2.04 and a debt-to-equity ratio of 0.29. The company has a market capitalization of $96.77 billion, a P/E ratio of 113.97 and a beta of 1.72. DoorDash, Inc. has a 1-year low of $155.40 and a 1-year high of $285.50. The stock has a fifty day moving average price of $234.56 and a 200-day moving average price of $239.57.

DoorDash (NASDAQ:DASH – Get Free Report) last released its quarterly earnings results on Wednesday, November 5th. The company reported $0.55 earnings per share for the quarter, missing analysts’ consensus estimates of $0.68 by ($0.13). The business had revenue of $3.45 billion for the quarter, compared to analyst estimates of $3.35 billion. DoorDash had a net margin of 6.83% and a return on equity of 9.97%. The company’s revenue for the quarter was up 27.3% on a year-over-year basis. During the same period in the prior year, the business earned $0.38 earnings per share. Research analysts forecast that DoorDash, Inc. will post 2.22 EPS for the current year.

Analyst Ratings Changes

DASH has been the topic of a number of research reports. Mizuho reduced their target price on shares of DoorDash from $350.00 to $320.00 and set an “outperform” rating on the stock in a research report on Wednesday, November 12th. UBS Group lowered their target price on DoorDash from $316.00 to $241.00 and set a “neutral” rating for the company in a research note on Thursday, November 6th. Zacks Research cut DoorDash from a “strong-buy” rating to a “hold” rating in a report on Monday, November 10th. Benchmark lifted their price objective on DoorDash from $315.00 to $320.00 and gave the stock a “buy” rating in a research report on Tuesday, November 4th. Finally, Bank of America cut their target price on shares of DoorDash from $325.00 to $305.00 and set a “buy” rating on the stock in a research report on Thursday, November 6th. One analyst has rated the stock with a Strong Buy rating, twenty-six have issued a Buy rating and ten have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $275.91.

Read Our Latest Analysis on DASH

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Saudi Central Bank acquired a new stake in DoorDash during the 1st quarter worth approximately $25,000. WPG Advisers LLC bought a new stake in shares of DoorDash during the first quarter worth $26,000. Physician Wealth Advisors Inc. increased its position in shares of DoorDash by 284.0% during the third quarter. Physician Wealth Advisors Inc. now owns 96 shares of the company’s stock worth $26,000 after acquiring an additional 71 shares in the last quarter. Pacific Center for Financial Services acquired a new stake in shares of DoorDash during the first quarter worth $27,000. Finally, GFG Capital LLC bought a new stake in DoorDash in the 2nd quarter valued at $30,000. 90.64% of the stock is owned by institutional investors and hedge funds.

About DoorDash

(Get Free Report)

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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