QRG Capital Management Inc. Has $21.68 Million Stake in DoorDash, Inc. (NASDAQ:DASH)

QRG Capital Management Inc. boosted its position in DoorDash, Inc. (NASDAQ:DASH) by 2.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 129,238 shares of the company’s stock after buying an additional 3,405 shares during the period. QRG Capital Management Inc.’s holdings in DoorDash were worth $21,680,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Rakuten Securities Inc. raised its holdings in shares of DoorDash by 302.3% during the third quarter. Rakuten Securities Inc. now owns 173 shares of the company’s stock valued at $25,000 after purchasing an additional 130 shares during the period. Pittenger & Anderson Inc. acquired a new position in shares of DoorDash during the fourth quarter valued at about $29,000. Denver PWM LLC acquired a new position in shares of DoorDash during the fourth quarter valued at about $30,000. Princeton Global Asset Management LLC acquired a new position in shares of DoorDash during the fourth quarter valued at about $34,000. Finally, ORG Wealth Partners LLC acquired a new position in shares of DoorDash during the fourth quarter valued at about $36,000. Institutional investors and hedge funds own 90.64% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on DASH. Susquehanna boosted their target price on shares of DoorDash from $180.00 to $235.00 and gave the stock a “positive” rating in a research report on Thursday, February 13th. DA Davidson boosted their target price on shares of DoorDash from $119.00 to $150.00 and gave the stock a “neutral” rating in a research report on Thursday, October 31st. Cantor Fitzgerald boosted their target price on shares of DoorDash from $200.00 to $230.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 12th. Mizuho upped their price objective on shares of DoorDash from $200.00 to $222.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 12th. Finally, Morgan Stanley upped their price objective on shares of DoorDash from $160.00 to $200.00 and gave the stock an “overweight” rating in a research report on Monday, January 13th. Nine analysts have rated the stock with a hold rating and twenty-five have issued a buy rating to the company. Based on data from MarketBeat, DoorDash has an average rating of “Moderate Buy” and an average target price of $206.52.

Insiders Place Their Bets

In other news, CFO Ravi Inukonda sold 7,000 shares of the stock in a transaction on Friday, November 29th. The shares were sold at an average price of $179.76, for a total value of $1,258,320.00. Following the transaction, the chief financial officer now owns 373,993 shares of the company’s stock, valued at $67,228,981.68. This represents a 1.84 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Keith Yandell sold 8,116 shares of the stock in a transaction on Thursday, February 20th. The stock was sold at an average price of $203.45, for a total transaction of $1,651,200.20. Following the completion of the transaction, the insider now directly owns 105,162 shares in the company, valued at $21,395,208.90. The trade was a 7.16 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 760,662 shares of company stock worth $134,448,673 in the last three months. 7.92% of the stock is currently owned by corporate insiders.

DoorDash Price Performance

NASDAQ DASH opened at $198.60 on Thursday. DoorDash, Inc. has a 1 year low of $99.32 and a 1 year high of $215.24. The stock has a market capitalization of $83.43 billion, a PE ratio of 735.56 and a beta of 1.72. The company’s 50 day simple moving average is $183.84 and its two-hundred day simple moving average is $162.54.

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.