QRG Capital Management Inc. Has $17.96 Million Position in DoorDash, Inc. (NASDAQ:DASH)

QRG Capital Management Inc. decreased its position in DoorDash, Inc. (NASDAQ:DASH - Free Report) by 19.1% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 125,833 shares of the company's stock after selling 29,788 shares during the period. QRG Capital Management Inc.'s holdings in DoorDash were worth $17,960,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in DASH. Brighton Jones LLC lifted its position in DoorDash by 0.8% in the 2nd quarter. Brighton Jones LLC now owns 10,317 shares of the company's stock worth $1,122,000 after buying an additional 82 shares during the last quarter. Everhart Financial Group Inc. lifted its position in DoorDash by 3.1% during the 2nd quarter. Everhart Financial Group Inc. now owns 3,267 shares of the company's stock valued at $355,000 after acquiring an additional 99 shares during the period. E Fund Management Co. Ltd. grew its stake in shares of DoorDash by 3.5% in the 2nd quarter. E Fund Management Co. Ltd. now owns 3,263 shares of the company's stock worth $355,000 after buying an additional 111 shares during the last quarter. SJS Investment Consulting Inc. increased its holdings in shares of DoorDash by 21.0% during the second quarter. SJS Investment Consulting Inc. now owns 673 shares of the company's stock valued at $73,000 after acquiring an additional 117 shares in the last quarter. Finally, Meeder Advisory Services Inc. raised its holdings in DoorDash by 4.4% in the first quarter. Meeder Advisory Services Inc. now owns 3,006 shares of the company's stock worth $414,000 after buying an additional 126 shares during the last quarter. Institutional investors own 90.64% of the company's stock.

Insider Buying and Selling at DoorDash

In related news, CEO Tony Xu sold 54,166 shares of the company's stock in a transaction dated Tuesday, August 6th. The shares were sold at an average price of $123.43, for a total transaction of $6,685,709.38. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In other DoorDash news, CFO Ravi Inukonda sold 7,000 shares of DoorDash stock in a transaction dated Friday, August 30th. The stock was sold at an average price of $127.86, for a total value of $895,020.00. Following the sale, the chief financial officer now owns 396,152 shares of the company's stock, valued at $50,651,994.72. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Tony Xu sold 54,166 shares of the business's stock in a transaction dated Tuesday, August 6th. The stock was sold at an average price of $123.43, for a total transaction of $6,685,709.38. The disclosure for this sale can be found here. Over the last three months, insiders sold 378,705 shares of company stock valued at $53,125,040. 7.92% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the stock. BMO Capital Markets boosted their target price on shares of DoorDash from $140.00 to $180.00 and gave the company an "outperform" rating in a research note on Thursday. Morgan Stanley increased their price objective on shares of DoorDash from $145.00 to $150.00 and gave the company an "overweight" rating in a report on Friday, August 2nd. Wells Fargo & Company increased their price target on DoorDash from $127.00 to $142.00 and gave the company an "equal weight" rating in a research note on Friday, October 4th. Jefferies Financial Group lifted their price objective on shares of DoorDash from $155.00 to $180.00 and gave the stock a "buy" rating in a research note on Tuesday, October 22nd. Finally, Mizuho boosted their target price on DoorDash from $162.00 to $173.00 and gave the company an "outperform" rating in a research report on Thursday, October 24th. Ten equities research analysts have rated the stock with a hold rating and twenty-four have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $163.12.

DoorDash Stock Performance

Shares of NASDAQ:DASH traded up $1.58 during midday trading on Monday, hitting $157.24. 2,326,370 shares of the stock were exchanged, compared to its average volume of 3,837,630. The company has a market capitalization of $64.71 billion, a PE ratio of -349.42, a P/E/G ratio of 359.82 and a beta of 1.67. DoorDash, Inc. has a 52-week low of $83.58 and a 52-week high of $165.07. The business's fifty day simple moving average is $140.40 and its two-hundred day simple moving average is $124.10.

DoorDash (NASDAQ:DASH - Get Free Report) last issued its quarterly earnings data on Wednesday, October 30th. The company reported $0.38 earnings per share for the quarter, topping analysts' consensus estimates of $0.21 by $0.17. DoorDash had a negative net margin of 1.69% and a negative return on equity of 2.41%. The business had revenue of $2.71 billion during the quarter, compared to analysts' expectations of $2.66 billion. During the same period in the previous year, the company earned ($0.19) earnings per share. DoorDash's revenue for the quarter was up 25.0% on a year-over-year basis. As a group, equities analysts anticipate that DoorDash, Inc. will post 0.01 EPS for the current year.

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.