Maplebear Inc. (NASDAQ:CART) Shares Acquired by Vinva Investment Management Ltd

Vinva Investment Management Ltd increased its position in Maplebear Inc. (NASDAQ:CART) by 229.3% during the fourth quarter, HoldingsChannel.com reports. The fund owned 17,143 shares of the company’s stock after acquiring an additional 11,937 shares during the quarter. Vinva Investment Management Ltd’s holdings in Maplebear were worth $710,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Victory Capital Management Inc. grew its holdings in shares of Maplebear by 11,501.2% in 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 during the period. Geode Capital Management LLC grew its holdings in Maplebear by 151.7% during the 3rd quarter. Geode Capital Management LLC now owns 2,732,738 shares of the company’s stock valued at $111,361,000 after buying an additional 1,647,081 shares during the last quarter. Boston Partners acquired a new stake in Maplebear during the 4th quarter valued at $111,506,000. Maverick Capital Ltd. grew its holdings in Maplebear by 19.7% during the 3rd quarter. Maverick Capital Ltd. now owns 2,684,425 shares of the company’s stock valued at $109,363,000 after buying an additional 441,156 shares during the last quarter. Finally, State Street Corp grew its holdings in Maplebear by 48.3% during the 3rd quarter. State Street Corp now owns 2,552,617 shares of the company’s stock valued at $103,994,000 after buying an additional 831,795 shares during the last quarter. Institutional investors and hedge funds own 63.09% of the company’s stock.

Maplebear Price Performance

NASDAQ:CART opened at $38.90 on Friday. The business’s 50-day moving average is $45.10 and its two-hundred day moving average is $43.21. Maplebear Inc. has a 12 month low of $29.84 and a 12 month high of $53.44. The firm has a market capitalization of $10.29 billion, a PE ratio of 26.11, a price-to-earnings-growth ratio of 1.19 and a beta of 1.34.

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

Insider Buying and Selling at Maplebear

In related news, CEO Fidji Simo sold 20,750 shares of the business’s stock in a transaction dated Wednesday, February 26th. The stock was sold at an average price of $43.31, for a total value of $898,682.50. Following the transaction, the chief executive officer now owns 1,662,692 shares in the company, valued at approximately $72,011,190.52. The trade was a 1.23 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CAO Alan Ramsay sold 2,314 shares of the business’s stock in a transaction dated Tuesday, January 21st. The stock was sold at an average price of $46.28, for a total value of $107,091.92. Following the completion of the transaction, the chief accounting officer now owns 85,421 shares in the company, valued at approximately $3,953,283.88. This trade represents a 2.64 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 25,097 shares of company stock valued at $1,087,094 over the last three months. 36.00% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on CART shares. Needham & Company LLC reiterated a “buy” rating and set a $56.00 target price on shares of Maplebear in a report on Wednesday, February 26th. Deutsche Bank Aktiengesellschaft started coverage on Maplebear in a report on Tuesday, December 3rd. They set a “hold” rating and a $37.00 target price on the stock. JPMorgan Chase & Co. lowered their target price on Maplebear from $52.00 to $50.00 and set an “overweight” rating on the stock in a report on Wednesday, February 26th. Wedbush lowered their target price on Maplebear from $48.00 to $46.00 and set a “neutral” rating on the stock in a report on Wednesday, February 26th. Finally, Bank of America raised their price objective on Maplebear from $51.00 to $53.00 and gave the stock a “neutral” rating in a report on Tuesday, February 25th. Thirteen research analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, Maplebear has a consensus rating of “Moderate Buy” and a consensus target price of $50.52.

About Maplebear

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.