QRG Capital Management Inc. boosted its holdings in DoorDash, Inc. (NASDAQ:DASH - Free Report) by 2.7% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 129,238 shares of the company's stock after acquiring an additional 3,405 shares during the period. QRG Capital Management Inc.'s holdings in DoorDash were worth $21,680,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors have also recently modified their holdings of the stock. Rakuten Securities Inc. boosted its position in shares of DoorDash by 302.3% in the third quarter. Rakuten Securities Inc. now owns 173 shares of the company's stock worth $25,000 after buying an additional 130 shares during the period. Pittenger & Anderson Inc. acquired a new stake in shares of DoorDash during the 4th quarter worth approximately $29,000. Denver PWM LLC acquired a new stake in shares of DoorDash in the 4th quarter worth about $30,000. Princeton Global Asset Management LLC acquired a new position in shares of DoorDash during the fourth quarter worth approximately $34,000. Finally, ORG Wealth Partners LLC acquired a new stake in DoorDash in the fourth quarter worth about $36,000. 90.64% of the stock is currently owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
Several analysts recently commented on the stock. Barclays increased their target price on shares of DoorDash from $163.00 to $200.00 and gave the company an "equal weight" rating in a research note on Thursday, February 13th. Bank of America boosted their price objective on shares of DoorDash from $205.00 to $245.00 and gave the company a "buy" rating in a research report on Wednesday, February 12th. Wolfe Research lifted their price target on DoorDash from $210.00 to $220.00 and gave the company an "outperform" rating in a report on Friday, January 3rd. Needham & Company LLC upped their price target on DoorDash from $180.00 to $225.00 and gave the stock a "buy" rating in a research note on Wednesday, February 12th. Finally, Susquehanna boosted their price objective on shares of DoorDash from $180.00 to $235.00 and gave the stock a "positive" rating in a research note on Thursday, February 13th. Nine analysts have rated the stock with a hold rating and twenty-five have given a buy rating to the company. According to data from MarketBeat.com, DoorDash presently has an average rating of "Moderate Buy" and a consensus price target of $206.52.
View Our Latest Research Report on DASH
Insider Buying and Selling at DoorDash
In other DoorDash news, CFO Ravi Inukonda sold 7,000 shares of DoorDash stock in a transaction dated Monday, December 30th. The stock was sold at an average price of $169.32, for a total value of $1,185,240.00. Following the transaction, the chief financial officer now owns 366,993 shares in the company, valued at $62,139,254.76. The trade was a 1.87 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Tony Xu sold 108,332 shares of the business's stock in a transaction dated Monday, December 16th. The stock was sold at an average price of $178.74, for a total value of $19,363,261.68. Following the transaction, the chief executive officer now directly owns 1,500 shares of the company's stock, valued at approximately $268,110. The trade was a 98.63 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 576,536 shares of company stock valued at $101,844,949 in the last three months. Corporate insiders own 7.92% of the company's stock.
DoorDash Stock Performance
Shares of NASDAQ DASH traded down $0.34 during midday trading on Monday, reaching $198.10. The company's stock had a trading volume of 4,439,917 shares, compared to its average volume of 3,615,661. The company has a market cap of $83.22 billion, a P/E ratio of 733.70 and a beta of 1.72. The business's 50 day moving average price is $184.95 and its two-hundred day moving average price is $163.79. DoorDash, Inc. has a fifty-two week low of $99.32 and a fifty-two week high of $215.24.
About DoorDash
(
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.
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