DoorDash (NASDAQ:DASH) Director Stanley Tang Sells 67,693 Shares

DoorDash, Inc. (NASDAQ:DASH) Director Stanley Tang sold 67,693 shares of the firm’s stock in a transaction dated Monday, August 3rd. The shares were sold at an average price of $200.63, for a total value of $13,581,246.59. Following the sale, the director directly owned 40,218 shares in the company, valued at approximately $8,068,937.34. The trade was a 62.73% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Stanley Tang also recently made the following trade(s):

• On Thursday, July 2nd, Stanley Tang sold 23,125 shares of DoorDash stock. The shares were sold at an average price of $191.19, for a total value of $4,421,268.75.

DoorDash Stock Up 2.4%

DoorDash stock traded up $4.90 during trading hours on Wednesday, reaching $207.27. The stock had a trading volume of 4,983,953 shares, compared to its average volume of 4,777,164. The company has a market cap of $90.31 billion, a price-to-earnings ratio of 98.70 and a beta of 1.78. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.43 and a quick ratio of 1.43. The business’s 50 day moving average price is $177.38 and its 200-day moving average price is $174.45. DoorDash, Inc. has a 52 week low of $143.30 and a 52 week high of $285.50.

DoorDash (NASDAQ:DASH) last released its quarterly earnings results on Wednesday, August 5th. The company reported $0.46 earnings per share for the quarter, missing analysts’ consensus estimates of $0.47 by ($0.01). DoorDash had a net margin of 6.29% and a return on equity of 9.58%. The firm had revenue of $4.45 billion during the quarter, compared to the consensus estimate of $4.34 billion. Sell-side analysts anticipate that DoorDash, Inc. will post 2.38 EPS for the current year.

Institutional Investors Weigh In On DoorDash

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Vanguard Group Inc. increased its position in shares of DoorDash by 1.7% in the 4th quarter. Vanguard Group Inc. now owns 43,426,479 shares of the company’s stock valued at $9,835,229,000 after acquiring an additional 713,571 shares during the period. SC US Ttgp LTD. increased its holdings in shares of DoorDash by 1.6% in the fourth quarter. SC US Ttgp LTD. now owns 31,686,624 shares of the company’s stock valued at $7,176,387,000 after purchasing an additional 506,358 shares during the period. Morgan Stanley increased its holdings in shares of DoorDash by 2.3% in the fourth quarter. Morgan Stanley now owns 17,536,824 shares of the company’s stock valued at $3,971,741,000 after purchasing an additional 391,596 shares during the period. State Street Corp raised its stake in shares of DoorDash by 3.0% in the fourth quarter. State Street Corp now owns 15,761,072 shares of the company’s stock worth $3,569,568,000 after purchasing an additional 464,448 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD raised its stake in shares of DoorDash by 32.8% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 13,958,114 shares of the company’s stock worth $3,161,234,000 after purchasing an additional 3,447,754 shares during the last quarter. 90.64% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on DASH. Stifel Nicolaus lowered their target price on shares of DoorDash from $215.00 to $185.00 and set a “hold” rating for the company in a research note on Monday, April 13th. Weiss Ratings raised DoorDash from a “hold (c-)” rating to a “hold (c)” rating in a research report on Wednesday, May 13th. Guggenheim reiterated a “buy” rating and set a $255.00 price objective on shares of DoorDash in a report on Tuesday, June 23rd. UBS Group raised their price objective on DoorDash from $214.00 to $223.00 and gave the stock a “neutral” rating in a research report on Monday. Finally, The Goldman Sachs Group set a $280.00 target price on DoorDash in a research note on Thursday, May 7th. One research analyst has rated the stock with a Strong Buy rating, twenty-four have assigned a Buy rating, nine have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $252.72.

About DoorDash

DoorDash, Inc operates a technology-driven logistics and food-delivery marketplace that connects consumers, merchants and independent delivery contractors. The company’s core service enables customers to order from local restaurants and retailers through its app and website while DoorDash handles last-mile fulfillment via its network of drivers, known as “Dashers.” Over time the platform has broadened beyond restaurant deliveries to include groceries, convenience items and retail deliveries, positioning DoorDash as a broader on-demand logistics provider for consumer goods.

In addition to its marketplace, DoorDash offers a suite of products and services for consumers and businesses.