Key Points
- Tony Xu sold 288,410 DoorDash shares on November 20 at an average of $196.04 for about $56.54 million, reducing his ownership by 55.42% to 232,040 shares.
- DoorDash missed Q3 EPS estimates ($0.55 vs. $0.68) but reported revenue of $3.45 billion, up 27.3% year-over-year; the stock trades near $188 while analysts rate it a Moderate Buy with an average target of about $275.62.
DoorDash, Inc. (NASDAQ:DASH - Get Free Report) CEO Tony Xu sold 288,410 shares of the stock in a transaction on Thursday, November 20th. The stock was sold at an average price of $196.04, for a total transaction of $56,539,896.40. Following the completion of the sale, the chief executive officer owned 232,040 shares in the company, valued at approximately $45,489,121.60. This trade represents a 55.42% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.
Tony Xu also recently made the following trade(s):
- 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 shares were sold at an average price of $258.26, for a total value 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 shares were sold at an average price of $243.32, for a total value of $8,313,514.44.
DoorDash Stock Down 0.8%
NASDAQ:DASH opened at $188.08 on Tuesday. DoorDash, Inc. has a twelve month low of $155.40 and a twelve month high of $285.50. The firm has a market capitalization of $81.06 billion, a price-to-earnings ratio of 95.47 and a beta of 1.70. 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 stock's 50 day moving average price is $247.13 and its two-hundred day moving average price is $238.69.
DoorDash (NASDAQ:DASH - Get Free Report) last released its quarterly earnings data on Wednesday, November 5th. The company reported $0.55 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.68 by ($0.13). DoorDash had a net margin of 6.83% and a return on equity of 9.97%. The business had revenue of $3.45 billion during the quarter, compared to analyst estimates of $3.35 billion. During the same period in the previous year, the business earned $0.38 earnings per share. The business's quarterly revenue was up 27.3% on a year-over-year basis. Equities research analysts expect that DoorDash, Inc. will post 2.22 earnings per share for the current fiscal year.
Institutional Investors Weigh In On DoorDash
Several institutional investors and hedge funds have recently made changes to their positions in DASH. Saudi Central Bank purchased a new stake in shares of DoorDash during the 1st quarter valued at about $25,000. WPG Advisers LLC bought a new position in shares of DoorDash in the 1st quarter valued at about $26,000. Physician Wealth Advisors Inc. raised its stake in shares of DoorDash by 284.0% in the third quarter. Physician Wealth Advisors Inc. now owns 96 shares of the company's stock valued at $26,000 after acquiring an additional 71 shares during the period. Pacific Center for Financial Services purchased a new position in DoorDash during the 1st quarter valued at $27,000. Finally, GFG Capital LLC bought a new stake in shares of DoorDash during the second quarter valued at approximately $30,000. Institutional investors own 90.64% of the company's stock.
Analysts Set New Price Targets
A number of equities research analysts have weighed in on DASH shares. Wedbush raised shares of DoorDash from a "neutral" rating to an "outperform" rating and boosted their target price for the stock from $160.00 to $260.00 in a report on Thursday, November 13th. BTIG Research reiterated a "buy" rating and set a $315.00 price objective on shares of DoorDash in a report on Thursday, November 6th. Guggenheim restated a "buy" rating and set a $280.00 price objective on shares of DoorDash in a report on Wednesday, November 19th. JPMorgan Chase & Co. lowered their price target on DoorDash from $325.00 to $300.00 and set an "overweight" rating for the company in a research report on Thursday, November 6th. Finally, Mizuho dropped their price target on DoorDash from $350.00 to $320.00 and set an "outperform" rating on the stock in a report on Wednesday, November 12th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-six have issued a Buy rating and ten have given a Hold rating to the company's stock. Based on data from MarketBeat.com, DoorDash currently has an average rating of "Moderate Buy" and an average price target of $275.62.
Get Our Latest Analysis on DoorDash
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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