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 that occurred on Monday, January 13th. The stock was sold at an average price of $168.32, for a total transaction of $8,416,000.00. Following the transaction, the director now directly owns 16,176 shares of the company’s stock, valued at $2,722,744.32. This represents a 75.56 % decrease in their ownership of the stock. 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 Friday, January 10th, Andy Fang sold 50,000 shares of DoorDash stock. The stock was sold at an average price of $170.01, for a total transaction of $8,500,500.00.
• 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 transaction 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 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 Trading Up 1.1 %

Shares of DASH opened at $171.19 on Thursday. DoorDash, Inc. has a 12-month low of $99.32 and a 12-month high of $181.78. The firm has a 50-day moving average price of $173.51 and a 200 day moving average price of $144.91. The firm has a market capitalization of $71.11 billion, a P/E ratio of -380.42, a P/E/G ratio of 13.46 and a beta of 1.71.

DoorDash (NASDAQ:DASH) last announced its 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. The company had revenue of $2.71 billion during the quarter, compared to analyst estimates of $2.66 billion. DoorDash had a negative net margin of 1.69% and a negative return on equity of 2.41%. DoorDash’s revenue was up 25.0% compared to the same quarter last year. During the same quarter last year, the firm posted ($0.19) earnings per share. Equities research analysts predict that DoorDash, Inc. will post 0.26 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the stock. Susquehanna lifted their target price on shares of DoorDash from $140.00 to $180.00 and gave the company a “positive” rating in a report on Friday, November 1st. KeyCorp lifted their target price on shares of DoorDash from $180.00 to $225.00 and gave the company an “overweight” rating in a report on Thursday, January 9th. DA Davidson lifted their target price on shares of DoorDash from $119.00 to $150.00 and gave the company a “neutral” rating in a report on Thursday, October 31st. Royal Bank of Canada lifted their target price on shares of DoorDash from $175.00 to $215.00 and gave the company an “outperform” rating in a report on Friday, December 6th. Finally, Benchmark boosted their price target on shares of DoorDash from $152.00 to $173.00 and gave the stock a “buy” rating in a report on Thursday, October 17th. Nine research analysts have rated the stock with a hold rating and twenty-five have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $174.30.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the stock. Aaron Wealth Advisors LLC boosted its stake in DoorDash by 15.3% during the fourth quarter. Aaron Wealth Advisors LLC now owns 2,425 shares of the company’s stock worth $407,000 after buying an additional 322 shares during the period. Moss Adams Wealth Advisors LLC purchased a new position in DoorDash during the fourth quarter worth about $218,000. Kera Capital Partners Inc. purchased a new position in DoorDash during the fourth quarter worth about $236,000. Merit Financial Group LLC purchased a new position in DoorDash during the fourth quarter worth about $503,000. Finally, Avanza Fonder AB acquired a new stake in shares of DoorDash during the fourth quarter worth about $4,657,000. 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.