1 week Ago By ABMN Staff
DoorDash, Inc. ( NASDAQ:DASH – Get Free Report ) CEO Tony Xu sold 108,332 shares of the firm’s stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $170.
35, for a total transaction of $18,454,356.20. Following the transaction, the chief executive officer now directly owns 1,500 shares in the company, valued at $255,525.
This represents a 98.63 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website .
Tony Xu also recently made the following trade(s): DoorDash Price Performance DoorDash stock opened at $174.96 on Friday. The firm has a market capitalization of $72.
68 billion, a P/E ratio of -388.80, a PEG ratio of 13.56 and a beta of 1.
70. DoorDash, Inc. has a one year low of $93.
33 and a one year high of $181.78. The business has a fifty day moving average price of $171.
36 and a 200-day moving average price of $141.52. Institutional Inflows and Outflows Hedge funds have recently made changes to their positions in the company.
Asset Management One Co. Ltd. increased its stake in DoorDash by 10.
6% in the 3rd quarter. Asset Management One Co. Ltd.
now owns 112,181 shares of the company’s stock worth $16,012,000 after acquiring an additional 10,755 shares during the last quarter. Marshall Wace LLP raised its position in shares of DoorDash by 930.5% during the 2nd quarter.
Marshall Wace LLP now owns 675,988 shares of the company’s stock valued at $73,534,000 after buying an additional 610,388 shares in the last quarter. Forsta AP Fonden increased its stake in DoorDash by 18.6% in the third quarter.
Forsta AP Fonden now owns 64,500 shares of the company’s stock valued at $9,206,000 after acquiring an additional 10,100 shares during the last quarter. Sanctuary Advisors LLC boosted its stake in DoorDash by 48.8% in the third quarter.
Sanctuary Advisors LLC now owns 10,663 shares of the company’s stock worth $1,522,000 after buying an additional 3,498 shares in the last quarter. Finally, Baillie Gifford & Co. lifted its holdings in shares of DoorDash by 13.
2% in the 3rd quarter. Baillie Gifford & Co. now owns 14,142,674 shares of the company’s stock worth $2,018,584,000 after acquiring an additional 1,645,186 shares during the last quarter.
90.64% of the stock is currently owned by hedge funds and other institutional investors. Analysts Set New Price Targets A number of research analysts have recently commented on DASH shares.
Truist Financial increased their target price on shares of DoorDash from $180.00 to $217.00 and gave the stock a “buy” rating in a report on Tuesday, December 17th.
Loop Capital boosted their price objective on DoorDash from $170.00 to $200.00 and gave the stock a “buy” rating in a research report on Tuesday, November 12th.
Keefe, Bruyette & Woods raised DoorDash from a “market perform” rating to an “outperform” rating and set a $177.00 price objective for the company in a research note on Wednesday, September 25th. DA Davidson raised their price target on shares of DoorDash from $119.
00 to $150.00 and gave the company a “neutral” rating in a research note on Thursday, October 31st. Finally, BTIG Research raised DoorDash from a “neutral” rating to a “buy” rating and set a $155.
00 price target for the company in a research note on Thursday, September 19th. Nine equities research analysts have rated the stock with a hold rating and twenty-five have assigned a buy rating to the company’s stock. According to MarketBeat.
com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $171.42. View Our Latest Stock Report on DASH About DoorDash ( Get Free Report ) 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. Read More Receive News & Ratings for DoorDash Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for DoorDash and related companies with MarketBeat.com's FREE daily email newsletter .
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