V Square Quantitative Management LLC Has $986,000 Stock Holdings in DoorDash, Inc. (NASDAQ:DASH)

V Square Quantitative Management LLC grew its holdings in DoorDash, Inc. (NASDAQ:DASH) by 6.7% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 6,909 shares of the company’s stock after acquiring an additional 435 shares during the period. V Square Quantitative Management LLC’s holdings in DoorDash were worth $986,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. American International Group Inc. boosted its holdings in DoorDash by 551.7% in the fourth quarter. American International Group Inc. now owns 30,363 shares of the company’s stock worth $3,003,000 after purchasing an additional 25,704 shares in the last quarter. Wellington Management Group LLP bought a new stake in shares of DoorDash during the 4th quarter worth about $21,228,000. SageView Advisory Group LLC acquired a new position in shares of DoorDash during the 4th quarter valued at about $270,000. PNC Financial Services Group Inc. raised its stake in shares of DoorDash by 40.8% in the 4th quarter. PNC Financial Services Group Inc. now owns 15,431 shares of the company’s stock valued at $1,526,000 after acquiring an additional 4,475 shares in the last quarter. Finally, Kapitalo Investimentos Ltda acquired a new stake in DoorDash in the 4th quarter worth approximately $64,000. Institutional investors and hedge funds own 90.64% of the company’s stock.

Wall Street Analysts Forecast Growth

DASH has been the topic of several analyst reports. Redburn Atlantic initiated coverage on shares of DoorDash in a research report on Friday, July 26th. They issued a “buy” rating and a $170.00 price target on the stock. DA Davidson lifted their target price on shares of DoorDash from $110.00 to $119.00 and gave the stock a “neutral” rating in a report on Monday, August 5th. UBS Group boosted their target price on shares of DoorDash from $143.00 to $160.00 and gave the stock a “neutral” rating in a research report on Friday. Morgan Stanley lifted their price objective on DoorDash from $145.00 to $150.00 and gave the stock an “overweight” rating in a research note on Friday, August 2nd. Finally, Benchmark increased their target price on DoorDash from $152.00 to $173.00 and gave the company a “buy” rating in a research note on Thursday. Ten investment analysts have rated the stock with a hold rating and twenty-three have given a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $148.16.

Insider Buying and Selling at DoorDash

In other news, CEO Tony Xu sold 54,166 shares of the stock in a transaction on Tuesday, August 6th. The stock was sold at an average price of $123.43, for a total transaction of $6,685,709.38. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other news, CEO Tony Xu sold 54,166 shares of the company’s stock in a transaction that occurred on 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 document filed with the SEC, which is available through this hyperlink. Also, CFO Ravi Inukonda sold 7,000 shares of the firm’s stock in a transaction that occurred on Tuesday, July 30th. The shares were sold at an average price of $106.64, for a total transaction of $746,480.00. Following the completion of the sale, the chief financial officer now directly owns 417,223 shares of the company’s stock, valued at approximately $44,492,660.72. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 390,710 shares of company stock worth $54,472,120. 7.92% of the stock is currently owned by insiders.

DoorDash Stock Up 0.4 %

Shares of DoorDash stock opened at $151.98 on Friday. DoorDash, Inc. has a 12-month low of $69.90 and a 12-month high of $152.52. The stock has a market capitalization of $62.15 billion, a P/E ratio of -140.72, a price-to-earnings-growth ratio of 425.82 and a beta of 1.70. The company has a 50-day simple moving average of $135.26 and a 200 day simple moving average of $123.06.

DoorDash (NASDAQ:DASH) last posted its quarterly earnings data on Thursday, August 1st. The company reported ($0.38) earnings per share for the quarter, missing the consensus estimate of ($0.09) by ($0.29). The firm had revenue of $2.63 billion for the quarter, compared to analyst estimates of $2.54 billion. DoorDash had a negative return on equity of 5.91% and a negative net margin of 4.24%. The business’s quarterly revenue was up 23.3% on a year-over-year basis. During the same period in the previous year, the business posted ($0.44) EPS. On average, equities analysts anticipate that DoorDash, Inc. will post 0.01 earnings per share for the current year.

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.