DoorDash, Inc. (NASDAQ:DASH) Director Andy Fang Sells 50,000 Shares

DoorDash, Inc. (NASDAQ:DASH) Director Andy Fang sold 50,000 shares of DoorDash stock in a transaction on Monday, December 16th. The shares were sold at an average price of $178.66, for a total transaction of $8,933,000.00. Following the transaction, the director now owns 16,176 shares in the company, valued at approximately $2,890,004.16. This trade represents a 75.56 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.

Andy Fang also recently made the following trade(s):

• On Thursday, December 12th, Andy Fang sold 50,000 shares of DoorDash stock. The shares were sold at an average price of $176.66, for a total transaction of $8,833,000.00.
• On Monday, November 18th, Andy Fang sold 50,000 shares of DoorDash stock. The shares were sold at an average price of $172.67, for a total transaction of $8,633,500.00.

DoorDash Price Performance

DoorDash stock opened at $168.37 on Tuesday. The firm has a 50-day moving average of $173.31 and a two-hundred day moving average of $144.48. DoorDash, Inc. has a 1 year low of $99.32 and a 1 year high of $181.78. The stock has a market cap of $69.94 billion, a price-to-earnings ratio of -374.16, a price-to-earnings-growth ratio of 13.46 and a beta of 1.70.

DoorDash (NASDAQ:DASH) last announced its quarterly earnings results on Wednesday, October 30th. The company reported $0.38 earnings per share for the quarter, topping the consensus estimate of $0.21 by $0.17. DoorDash had a negative net margin of 1.69% and a negative return on equity of 2.41%. The firm had revenue of $2.71 billion during the quarter, compared to analysts’ expectations of $2.66 billion. During the same quarter in the prior year, the company earned ($0.19) EPS. The company’s revenue was up 25.0% compared to the same quarter last year. Research analysts expect that DoorDash, Inc. will post 0.26 earnings per share for the current year.

Analysts Set New Price Targets

DASH has been the topic of a number of research reports. The Goldman Sachs Group lifted their price target on shares of DoorDash from $142.00 to $161.00 and gave the company a “neutral” rating in a report on Friday, November 1st. Needham & Company LLC lifted their price target on shares of DoorDash from $145.00 to $180.00 and gave the company a “buy” rating in a report on Thursday, October 31st. BTIG Research upgraded shares of DoorDash from a “neutral” rating to a “buy” rating and set a $155.00 price target on the stock in a report on Thursday, September 19th. Morgan Stanley boosted their target price on shares of DoorDash from $160.00 to $200.00 and gave the stock an “overweight” rating in a report on Monday. Finally, Evercore ISI boosted their target price on shares of DoorDash from $155.00 to $200.00 and gave the stock an “outperform” rating in a report on Thursday, October 31st. Nine analysts have rated the stock with a hold rating and twenty-five have assigned a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $174.30.

Institutional Investors Weigh In On DoorDash

Several hedge funds have recently modified their holdings of the business. Brighton Jones LLC lifted its position in shares of DoorDash by 0.8% in the 2nd quarter. Brighton Jones LLC now owns 10,317 shares of the company’s stock worth $1,122,000 after purchasing an additional 82 shares during the period. Wealth Enhancement Advisory Services LLC raised its stake in shares of DoorDash by 0.7% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 11,744 shares of the company’s stock worth $1,970,000 after acquiring an additional 84 shares in the last quarter. Pallas Capital Advisors LLC raised its stake in shares of DoorDash by 3.7% during the 4th quarter. Pallas Capital Advisors LLC now owns 2,465 shares of the company’s stock worth $414,000 after acquiring an additional 88 shares in the last quarter. Central Pacific Bank Trust Division raised its stake in shares of DoorDash by 1.3% during the 4th quarter. Central Pacific Bank Trust Division now owns 6,966 shares of the company’s stock worth $1,169,000 after acquiring an additional 91 shares in the last quarter. Finally, E Fund Management Co. Ltd. raised its stake in shares of DoorDash by 3.5% during the 2nd quarter. E Fund Management Co. Ltd. now owns 3,263 shares of the company’s stock worth $355,000 after acquiring an additional 111 shares in the last quarter. Hedge funds and other institutional investors 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.