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 firm’s stock in a transaction on Friday, January 10th. The stock was sold at an average price of $170.01, for a total value of $8,500,500.00. Following the transaction, the director now directly owns 16,176 shares of the company’s stock, valued at approximately $2,750,081.76. This represents a 75.56 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, 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 stock was 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 stock was 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 stock was 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 stock was sold at an average price of $172.67, for a total value of $8,633,500.00.

DoorDash Stock Performance

DASH stock opened at $171.19 on Thursday. The company has a market capitalization of $71.11 billion, a P/E ratio of -380.42, a price-to-earnings-growth ratio of 13.46 and a beta of 1.71. DoorDash, Inc. has a 52-week low of $99.32 and a 52-week high of $181.78. The business has a 50-day simple moving average of $173.51 and a two-hundred day simple moving average of $144.91.

DoorDash (NASDAQ:DASH) last posted its earnings results on Wednesday, October 30th. The company reported $0.38 EPS 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 for the quarter, compared to analysts’ expectations of $2.66 billion. During the same quarter last year, the firm earned ($0.19) EPS. The company’s quarterly revenue was up 25.0% compared to the same quarter last year. As a group, sell-side analysts forecast that DoorDash, Inc. will post 0.26 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research analysts recently issued reports on DASH shares. JPMorgan Chase & Co. raised their target price on DoorDash from $137.00 to $155.00 and gave the stock a “neutral” rating in a research report on Thursday, October 31st. The Goldman Sachs Group lifted their price objective on DoorDash from $142.00 to $161.00 and gave the stock a “neutral” rating in a research report on Friday, November 1st. Morgan Stanley lifted their price objective on DoorDash from $160.00 to $200.00 and gave the stock an “overweight” rating in a research report on Monday. Raymond James initiated coverage on DoorDash in a research report on Tuesday, September 24th. They issued an “outperform” rating and a $155.00 price objective for the company. Finally, Bank of America lifted their price objective on DoorDash from $168.00 to $172.00 and gave the stock a “buy” rating in a research report on Thursday, October 31st. Nine investment analysts have rated the stock with a hold rating and twenty-five have assigned a buy rating to the stock. Based on data from MarketBeat.com, DoorDash presently has a consensus rating of “Moderate Buy” and a consensus target price of $174.30.

Hedge Funds Weigh In On DoorDash

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