QRG Capital Management Inc. Sells 29,892 Shares of DoorDash, Inc. $DASH

QRG Capital Management Inc. decreased its stake in DoorDash, Inc. (NASDAQ:DASH) by 25.5% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 87,194 shares of the company’s stock after selling 29,892 shares during the period. QRG Capital Management Inc.’s holdings in DoorDash were worth $23,716,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also bought and sold shares of the company. Vanguard Group Inc. boosted its position in shares of DoorDash by 4.6% during the 2nd quarter. Vanguard Group Inc. now owns 41,190,085 shares of the company’s stock valued at $10,153,768,000 after purchasing an additional 1,792,799 shares in the last quarter. State Street Corp increased its stake in shares of DoorDash by 3.1% in the 2nd quarter. State Street Corp now owns 14,387,499 shares of the company’s stock valued at $3,546,662,000 after acquiring an additional 427,722 shares in the last quarter. Geode Capital Management LLC lifted its position in shares of DoorDash by 2.9% during the 2nd quarter. Geode Capital Management LLC now owns 7,951,230 shares of the company’s stock valued at $1,950,711,000 after acquiring an additional 223,188 shares during the period. Invesco Ltd. lifted its position in shares of DoorDash by 12.0% during the 2nd quarter. Invesco Ltd. now owns 5,375,480 shares of the company’s stock valued at $1,325,110,000 after acquiring an additional 575,629 shares during the period. Finally, Norges Bank bought a new position in DoorDash during the second quarter worth $1,185,576,000. Institutional investors own 90.64% of the company’s stock.

Trending Headlines about DoorDash

Here are the key news stories impacting DoorDash this week:

• Positive Sentiment: BNP Paribas upgraded DoorDash to “strong-buy,” signaling institutional optimism about the shares and potentially supporting demand. Read More.
• Positive Sentiment: BNP Paribas Exane initiated coverage of DASH, which can increase analyst attention and liquidity for the stock. Read More.
• Neutral Sentiment: DoorDash published data on big-game food trends, highlighting platform engagement and marketing/consumer demand insights that support revenue visibility around events. Read More.
• Neutral Sentiment: A viral local news story showed police delivering a pizza after a DoorDash driver was arrested; reputationally noteworthy but unlikely to move fundamentals. Read More.
• Negative Sentiment: DoorDash’s Chief Revenue Officer Lee Brown departed after about five months — a sign of executive turnover in a revenue-facing role that can spook investors concerned about sales execution. Read More.
• Negative Sentiment: Insiders sold shares: CFO Ravi Inukonda sold 1,017 shares (SEC Form 4 filing) and a Director sold about $277,900 of stock — modest but visible insider selling that can be read negatively by the market. Read More. Read More.
• Negative Sentiment: New reports and a city lawsuit allege DoorDash and competitors shortchanged delivery workers of roughly $550M in tips — a regulatory/legal risk that could lead to fines, settlements or changes to the business model. Read More.

DoorDash Price Performance

Shares of NASDAQ DASH opened at $205.32 on Friday. The company has a market capitalization of $88.49 billion, a PE ratio of 104.22 and a beta of 1.70. The company has a quick ratio of 2.04, a current ratio of 2.04 and a debt-to-equity ratio of 0.29. The stock’s 50 day moving average price is $216.50 and its 200-day moving average price is $240.35. DoorDash, Inc. has a twelve month low of $155.40 and a twelve month high of $285.50.

DoorDash (NASDAQ:DASH) last posted its quarterly earnings data on Wednesday, November 5th. The company reported $0.55 earnings per share for the quarter, missing the consensus estimate of $0.68 by ($0.13). DoorDash had a return on equity of 9.97% and a net margin of 6.83%.The business had revenue of $3.45 billion during the quarter, compared to analysts’ expectations of $3.35 billion. During the same period in the prior year, the firm posted $0.38 EPS. The firm’s revenue for the quarter was up 27.3% on a year-over-year basis. On average, equities analysts anticipate that DoorDash, Inc. will post 2.22 EPS for the current year.

Insider Transactions at DoorDash

In other news, CEO Tony Xu sold 16,667 shares of the stock in a transaction on Monday, January 5th. The stock was sold at an average price of $230.00, for a total transaction of $3,833,410.00. Following the completion of the transaction, the chief executive officer owned 1,500 shares in the company, valued at approximately $345,000. This represents a 91.74% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Andy Fang sold 30,000 shares of DoorDash stock in a transaction dated Friday, January 2nd. The stock was sold at an average price of $222.52, for a total value of $6,675,600.00. The SEC filing for this sale provides additional information. Over the last 90 days, insiders sold 619,310 shares of company stock valued at $130,529,968. 5.83% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the stock. Truist Financial upped their price objective on shares of DoorDash from $326.00 to $340.00 and gave the company a “buy” rating in a report on Thursday, October 23rd. BMO Capital Markets restated an “outperform” rating on shares of DoorDash in a report on Friday, December 12th. Zacks Research downgraded shares of DoorDash from a “hold” rating to a “strong sell” rating in a research report on Monday, January 5th. Royal Bank Of Canada decreased their price target on shares of DoorDash from $300.00 to $270.00 and set an “outperform” rating for the company in a research note on Thursday, November 6th. Finally, Wells Fargo & Company raised their price objective on shares of DoorDash from $239.00 to $251.00 and gave the company an “equal weight” rating in a research note on Thursday, January 8th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-six have assigned a Buy rating, nine have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $278.05.

DoorDash Company Profile

DoorDash, Inc operates a technology-driven logistics and food-delivery marketplace that connects consumers, merchants and independent delivery contractors. The company’s core service enables customers to order from local restaurants and retailers through its app and website while DoorDash handles last-mile fulfillment via its network of drivers, known as “Dashers.” Over time the platform has broadened beyond restaurant deliveries to include groceries, convenience items and retail deliveries, positioning DoorDash as a broader on-demand logistics provider for consumer goods.

In addition to its marketplace, DoorDash offers a suite of products and services for consumers and businesses.