QRG Capital Management Inc. Acquires 3,405 Shares of DoorDash, Inc. (NASDAQ:DASH)

QRG Capital Management Inc. lifted its holdings in shares of DoorDash, Inc. (NASDAQ:DASH) by 2.7% during the 4th quarter, Holdings Channel.com reports. The firm owned 129,238 shares of the company’s stock after buying an additional 3,405 shares during the quarter. QRG Capital Management Inc.’s holdings in DoorDash were worth $21,680,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Versor Investments LP bought a new position in shares of DoorDash during the 4th quarter valued at $369,000. Proficio Capital Partners LLC bought a new position in shares of DoorDash during the 4th quarter valued at $36,807,000. Oppenheimer Asset Management Inc. grew its holdings in shares of DoorDash by 4.2% during the 4th quarter. Oppenheimer Asset Management Inc. now owns 6,140 shares of the company’s stock valued at $1,030,000 after purchasing an additional 248 shares during the last quarter. Mn Services Vermogensbeheer B.V. grew its holdings in shares of DoorDash by 4.0% during the 4th quarter. Mn Services Vermogensbeheer B.V. now owns 103,500 shares of the company’s stock valued at $17,362,000 after purchasing an additional 4,000 shares during the last quarter. Finally, K.J. Harrison & Partners Inc bought a new position in shares of DoorDash during the 4th quarter valued at $683,000. Institutional investors own 90.64% of the company’s stock.

DoorDash Stock Performance

Shares of DoorDash stock opened at $198.60 on Thursday. The stock has a market capitalization of $83.43 billion, a PE ratio of 735.56 and a beta of 1.72. DoorDash, Inc. has a 52-week low of $99.32 and a 52-week high of $215.24. The company has a 50-day simple moving average of $183.84 and a two-hundred day simple moving average of $162.54.

Analyst Ratings Changes

Several equities analysts recently commented on DASH shares. KeyCorp increased their target price on shares of DoorDash from $180.00 to $225.00 and gave the company an “overweight” rating in a report on Thursday, January 9th. Cantor Fitzgerald raised their price target on shares of DoorDash from $200.00 to $230.00 and gave the stock an “overweight” rating in a report on Wednesday, February 12th. Citigroup raised their price target on shares of DoorDash from $211.00 to $240.00 and gave the stock a “buy” rating in a report on Wednesday, February 12th. UBS Group raised their price target on shares of DoorDash from $200.00 to $204.00 and gave the stock a “neutral” rating in a report on Wednesday, February 12th. Finally, Wolfe Research raised their price target on shares of DoorDash from $210.00 to $220.00 and gave the stock an “outperform” rating in a report on Friday, January 3rd. Nine equities research analysts have rated the stock with a hold rating and twenty-five have assigned a buy rating to the company. Based on data from MarketBeat.com, DoorDash has an average rating of “Moderate Buy” and a consensus price target of $206.52.

Insider Transactions at DoorDash

In other news, insider Keith Yandell sold 8,116 shares of DoorDash stock in a transaction that occurred on Thursday, February 20th. The shares were sold at an average price of $203.45, for a total value of $1,651,200.20. Following the completion of the sale, 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 ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Andy Fang sold 50,000 shares of the business’s stock in a transaction that occurred on Thursday, December 12th. The shares were sold at an average price of $176.66, for a total transaction of $8,833,000.00. Following the sale, the director now owns 16,176 shares of the company’s stock, valued at $2,857,652.16. This trade represents a 75.56 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 760,662 shares of company stock worth $134,448,673 over the last three months. 7.92% of the stock is currently owned by company insiders.

DoorDash 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.