Maplebear Inc. (NASDAQ:CART) Shares Acquired by Investment House LLC

Investment House LLC increased its stake in shares of Maplebear Inc. (NASDAQ:CART) by 73.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 196,665 shares of the company’s stock after acquiring an additional 83,045 shares during the quarter. Investment House LLC owned about 0.08% of Maplebear worth $8,146,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Victory Capital Management Inc. raised its stake in Maplebear by 11,501.2% during the 4th quarter. Victory Capital Management Inc. now owns 4,526,673 shares of the company’s stock worth $187,495,000 after acquiring an additional 4,487,654 shares in the last quarter. Pacer Advisors Inc. acquired a new stake in Maplebear during the 3rd quarter worth $158,701,000. Geode Capital Management LLC raised its stake in Maplebear by 151.7% during the 3rd quarter. Geode Capital Management LLC now owns 2,732,738 shares of the company’s stock worth $111,361,000 after acquiring an additional 1,647,081 shares in the last quarter. Boston Partners acquired a new stake in Maplebear during the 4th quarter worth $111,506,000. Finally, Maverick Capital Ltd. raised its stake in Maplebear by 19.7% during the 3rd quarter. Maverick Capital Ltd. now owns 2,684,425 shares of the company’s stock worth $109,363,000 after acquiring an additional 441,156 shares in the last quarter. 63.09% of the stock is currently owned by institutional investors and hedge funds.

Maplebear Trading Down 1.2 %

CART stock opened at $40.16 on Wednesday. The company has a market cap of $10.63 billion, a P/E ratio of 26.95, a P/E/G ratio of 1.19 and a beta of 1.34. Maplebear Inc. has a 52 week low of $29.84 and a 52 week high of $53.44. The company’s 50-day moving average price is $45.43 and its 200 day moving average price is $43.24.

Maplebear (NASDAQ:CART) last released its quarterly earnings data on Tuesday, February 25th. The company reported $0.53 EPS for the quarter, topping analysts’ consensus estimates of $0.37 by $0.16. The firm had revenue of $883.00 million for the quarter, compared to the consensus estimate of $889.98 million. Maplebear had a net margin of 13.37% and a return on equity of 13.78%. On average, equities research analysts expect that Maplebear Inc. will post 1.43 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several brokerages recently commented on CART. Wedbush cut their price target on shares of Maplebear from $48.00 to $46.00 and set a “neutral” rating on the stock in a research note on Wednesday, February 26th. Macquarie raised their price objective on shares of Maplebear from $52.00 to $55.00 and gave the stock an “outperform” rating in a research report on Thursday, February 27th. Oppenheimer lowered their price objective on shares of Maplebear from $65.00 to $60.00 and set an “outperform” rating on the stock in a research report on Wednesday, February 26th. Mizuho lowered their price objective on shares of Maplebear from $55.00 to $52.00 and set an “outperform” rating on the stock in a research report on Wednesday, February 26th. Finally, Wells Fargo & Company began coverage on shares of Maplebear in a research report on Friday, January 10th. They set an “equal weight” rating and a $47.00 price objective on the stock. Thirteen research analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $50.52.

Insiders Place Their Bets

In other Maplebear news, CAO Alan Ramsay sold 2,247 shares of Maplebear stock in a transaction dated Friday, December 20th. The shares were sold at an average price of $42.14, for a total transaction of $94,688.58. Following the completion of the transaction, the chief accounting officer now owns 87,735 shares in the company, valued at approximately $3,697,152.90. The trade was a 2.50 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Fidji Simo sold 20,750 shares of Maplebear stock in a transaction dated Wednesday, February 26th. The stock was sold at an average price of $43.31, for a total transaction of $898,682.50. Following the transaction, the chief executive officer now owns 1,662,692 shares of the company’s stock, valued at approximately $72,011,190.52. The trade was a 1.23 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 25,311 shares of company stock worth $1,100,463. Insiders own 36.00% of the company’s stock.

Maplebear Profile

Maplebear Inc, doing business as Instacart, engages in the provision of online grocery shopping services to households in North America. It sells and delivers grocery products, as well as pickup services through a mobile application and website. It also operates virtual convenience stores; and provides software-as-a-service solutions to retailers.