DoorDash, Inc. (NASDAQ:DASH) Director Andy Fang Sells 1,398 Shares

DoorDash, Inc. (NASDAQ:DASH) Director Andy Fang sold 1,398 shares of the business’s stock in a transaction that occurred on Thursday, February 20th. The shares were sold at an average price of $203.45, for a total transaction of $284,423.10. Following the completion of the sale, the director now directly owns 14,778 shares in the company, valued at approximately $3,006,584.10. This trade represents a 8.64 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

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

• On Monday, January 13th, Andy Fang sold 50,000 shares of DoorDash stock. The shares were sold at an average price of $168.32, for a total transaction of $8,416,000.00.
• 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 value 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 value 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 value of $8,833,000.00.

DoorDash Stock Performance

Shares of DoorDash stock traded down $4.07 during midday trading on Monday, reaching $195.87. 3,366,324 shares of the company’s stock traded hands, compared to its average volume of 3,432,195. The stock has a 50 day moving average of $182.56 and a 200-day moving average of $161.31. The company has a market cap of $82.28 billion, a PE ratio of 725.44 and a beta of 1.72. DoorDash, Inc. has a 12 month low of $99.32 and a 12 month high of $215.24.

Institutional Trading of DoorDash

Large investors have recently bought and sold shares of the company. Norges Bank purchased a new position in shares of DoorDash in the 4th quarter valued at approximately $597,443,000. Capital World Investors lifted its position in DoorDash by 26.4% during the fourth quarter. Capital World Investors now owns 12,153,265 shares of the company’s stock valued at $2,038,712,000 after buying an additional 2,538,160 shares during the period. Arrowstreet Capital Limited Partnership boosted its holdings in shares of DoorDash by 67.1% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 4,654,891 shares of the company’s stock valued at $780,858,000 after buying an additional 1,869,866 shares in the last quarter. Baillie Gifford & Co. grew its position 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 buying an additional 1,645,186 shares during the period. Finally, Franklin Resources Inc. increased its stake in shares of DoorDash by 25.0% in the 4th quarter. Franklin Resources Inc. now owns 4,749,810 shares of the company’s stock worth $796,781,000 after acquiring an additional 949,414 shares in the last quarter. 90.64% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research firms have issued reports on DASH. Wells Fargo & Company increased their target price on shares of DoorDash from $166.00 to $198.00 and gave the stock an “equal weight” rating in a research note on Wednesday, February 12th. Mizuho boosted their target price on DoorDash from $200.00 to $222.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 12th. BMO Capital Markets reaffirmed an “outperform” rating and issued a $240.00 price target (up previously from $180.00) on shares of DoorDash in a report on Wednesday, February 12th. Piper Sandler reissued a “neutral” rating and set a $210.00 price objective (up previously from $160.00) on shares of DoorDash in a report on Wednesday, February 12th. Finally, Argus raised shares of DoorDash from a “hold” rating to a “buy” rating in a research note on Friday, December 20th. Nine equities research analysts have rated the stock with a hold rating and twenty-five have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $206.52.

About DoorDash

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.