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

DoorDash, Inc. (NASDAQ:DASH) Director Andy Fang sold 50,000 shares of the business’s stock in a transaction dated Friday, January 10th. The shares were sold at an average price of $170.01, for a total value of $8,500,500.00. Following the completion of the sale, the director now directly owns 16,176 shares of the company’s stock, valued at approximately $2,750,081.76. This trade represents a 75.56 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website.

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

• On Monday, January 13th, Andy Fang sold 50,000 shares of DoorDash stock. The shares were sold at an average price of $168.32, for a total value of $8,416,000.00.
• On Monday, December 16th, Andy Fang sold 50,000 shares of DoorDash stock. The shares were sold at an average price of $178.66, for a total value of $8,933,000.00.
• 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 value 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 value of $8,633,500.00.

DoorDash Trading Up 0.6 %

DASH stock traded up $0.96 during midday trading on Tuesday, hitting $169.33. The company’s stock had a trading volume of 2,262,057 shares, compared to its average volume of 2,342,083. The company has a market cap of $70.34 billion, a PE ratio of -376.29, a P/E/G ratio of 13.46 and a beta of 1.71. DoorDash, Inc. has a 12 month low of $99.32 and a 12 month high of $181.78. The firm’s 50-day moving average is $173.31 and its 200-day moving average is $144.48.

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

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the company. Oppenheimer boosted their target price on DoorDash from $145.00 to $160.00 and gave the company an “outperform” rating in a research note on Friday, September 27th. Jefferies Financial Group boosted their price target on DoorDash from $155.00 to $180.00 and gave the company a “buy” rating in a report on Tuesday, October 22nd. Barclays boosted their price target on DoorDash from $120.00 to $163.00 and gave the company an “equal weight” rating in a report on Friday, November 1st. Argus upgraded DoorDash from a “hold” rating to a “buy” rating in a report on Friday, December 20th. Finally, Raymond James assumed coverage on DoorDash in a report on Tuesday, September 24th. They set an “outperform” rating and a $155.00 price target on the stock. Nine investment analysts have rated the stock with a hold rating and twenty-five have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $174.30.

Hedge Funds Weigh In On DoorDash

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Brighton Jones LLC lifted its holdings in shares of DoorDash by 0.8% during the 2nd quarter. Brighton Jones LLC now owns 10,317 shares of the company’s stock valued at $1,122,000 after buying an additional 82 shares during the period. Wealth Enhancement Advisory Services LLC lifted its holdings 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 valued at $1,970,000 after buying an additional 84 shares during the period. Pallas Capital Advisors LLC lifted its holdings 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 valued at $414,000 after buying an additional 88 shares during the period. Central Pacific Bank Trust Division lifted its holdings 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 valued at $1,169,000 after buying an additional 91 shares during the period. Finally, E Fund Management Co. Ltd. lifted its holdings 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 valued at $355,000 after buying an additional 111 shares during the period. 90.64% of the stock is owned by institutional investors.

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.