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

DoorDash, Inc. (NASDAQ:DASH) Director Andy Fang sold 50,000 shares of DoorDash stock in a transaction that occurred on Thursday, October 10th. The shares were sold at an average price of $143.76, for a total transaction of $7,188,000.00. Following the completion of the sale, the director now owns 18,089 shares of the company’s stock, valued at $2,600,474.64. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

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

• On Thursday, September 12th, Andy Fang sold 50,000 shares of DoorDash stock. The shares were sold at an average price of $130.20, for a total transaction of $6,510,000.00.

DoorDash Stock Down 0.8 %

NASDAQ DASH traded down $1.15 during trading hours on Tuesday, hitting $148.87. 3,602,534 shares of the stock were exchanged, compared to its average volume of 3,896,011. The company has a market cap of $60.88 billion, a price-to-earnings ratio of -138.91, a price-to-earnings-growth ratio of 425.82 and a beta of 1.70. DoorDash, Inc. has a 12-month low of $69.90 and a 12-month high of $150.29. The stock has a 50-day moving average of $133.07 and a 200 day moving average of $122.50.

DoorDash (NASDAQ:DASH) last posted its quarterly earnings results on Thursday, August 1st. The company reported ($0.38) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.09) by ($0.29). The firm had revenue of $2.63 billion for the quarter, compared to analysts’ expectations of $2.54 billion. DoorDash had a negative return on equity of 5.91% and a negative net margin of 4.24%. The company’s revenue for the quarter was up 23.3% on a year-over-year basis. During the same period in the prior year, the company earned ($0.44) earnings per share. On average, equities research analysts expect that DoorDash, Inc. will post 0.01 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in DASH. V Square Quantitative Management LLC purchased a new position in DoorDash in the fourth quarter valued at about $335,000. American International Group Inc. increased its holdings in DoorDash by 551.7% in the fourth quarter. American International Group Inc. now owns 30,363 shares of the company’s stock valued at $3,003,000 after buying an additional 25,704 shares in the last quarter. Wellington Management Group LLP purchased a new position in shares of DoorDash during the 4th quarter worth approximately $21,228,000. SageView Advisory Group LLC purchased a new position in shares of DoorDash during the 4th quarter worth approximately $270,000. Finally, Vanguard Group Inc. increased its stake in shares of DoorDash by 8.4% during the 4th quarter. Vanguard Group Inc. now owns 29,303,496 shares of the company’s stock worth $2,897,823,000 after purchasing an additional 2,259,976 shares in the last quarter. 90.64% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

DASH has been the subject of several research reports. Susquehanna lifted their target price on shares of DoorDash from $135.00 to $140.00 and gave the company a “positive” rating in a report on Monday, August 5th. Benchmark reaffirmed a “buy” rating and set a $150.00 price objective on shares of DoorDash in a research report on Tuesday, July 30th. JMP Securities upped their price objective on DoorDash from $145.00 to $160.00 and gave the stock a “market outperform” rating in a research report on Monday, September 30th. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $160.00 price objective on shares of DoorDash in a research report on Monday, October 7th. Finally, BMO Capital Markets upped their price objective on DoorDash from $127.00 to $140.00 and gave the stock an “outperform” rating in a research report on Friday, August 2nd. Ten analysts have rated the stock with a hold rating and twenty-three have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $146.91.

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.