CenterBook Partners LP Has $1.21 Million Stock Holdings in Maplebear Inc. (NASDAQ:CART)

CenterBook Partners LP raised its stake in Maplebear Inc. (NASDAQ:CART - Free Report) by 42.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 29,225 shares of the company's stock after purchasing an additional 8,756 shares during the period. CenterBook Partners LP's holdings in Maplebear were worth $1,210,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in CART. Jones Financial Companies Lllp increased its holdings in shares of Maplebear by 46.6% in the fourth quarter. Jones Financial Companies Lllp now owns 698 shares of the company's stock valued at $29,000 after purchasing an additional 222 shares during the period. Wilmington Savings Fund Society FSB acquired a new position in shares of Maplebear during the 3rd quarter worth $33,000. Allworth Financial LP increased its holdings in Maplebear by 101.4% in the fourth quarter. Allworth Financial LP now owns 834 shares of the company's stock valued at $37,000 after buying an additional 420 shares in the last quarter. Cullen Frost Bankers Inc. purchased a new stake in shares of Maplebear during the 4th quarter worth approximately $62,000. Finally, PNC Financial Services Group Inc. boosted its position in Maplebear by 243.3% during the fourth quarter. PNC Financial Services Group Inc. now owns 3,399 shares of the company's stock worth $141,000 after purchasing an additional 2,409 shares in the last quarter. Institutional investors and hedge funds own 63.09% of the company's stock.

Maplebear Stock Performance

Shares of NASDAQ:CART traded up $0.21 during trading on Wednesday, hitting $42.07. 680,673 shares of the stock were exchanged, compared to its average volume of 4,063,210. The company has a market capitalization of $11.04 billion, a price-to-earnings ratio of 28.23, a price-to-earnings-growth ratio of 1.19 and a beta of 1.20. Maplebear Inc. has a 1-year low of $29.84 and a 1-year high of $53.44. The company's fifty day simple moving average is $42.40 and its 200-day simple moving average is $43.48.

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Maplebear (NASDAQ:CART - Get Free Report) last announced its earnings results on Tuesday, February 25th. The company reported $0.53 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.37 by $0.16. The business had revenue of $883.00 million during the quarter, compared to analysts' expectations of $889.98 million. Maplebear had a net margin of 13.37% and a return on equity of 13.78%. On average, research analysts forecast that Maplebear Inc. will post 1.43 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

CART has been the subject of a number of analyst reports. Wedbush cut their price objective on shares of Maplebear from $48.00 to $46.00 and set a "neutral" rating for the company in a research report on Wednesday, February 26th. BTIG Research raised Maplebear from a "neutral" rating to a "buy" rating and set a $58.00 price objective for the company in a research report on Tuesday, January 14th. Needham & Company LLC reissued a "buy" rating and issued a $56.00 price target on shares of Maplebear in a research note on Wednesday, February 26th. JPMorgan Chase & Co. cut their price objective on shares of Maplebear from $50.00 to $44.00 and set an "overweight" rating on the stock in a report on Tuesday, April 8th. Finally, FBN Securities initiated coverage on shares of Maplebear in a research report on Friday, March 28th. They set a "sector perform" rating and a $44.00 price target for the company. Twelve investment analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Maplebear currently has a consensus rating of "Moderate Buy" and a consensus price target of $50.61.

Insider Transactions at Maplebear

In other Maplebear news, CAO Alan Ramsay sold 2,314 shares of the stock in a transaction on Tuesday, January 21st. The stock was sold at an average price of $46.28, for a total value of $107,091.92. Following the transaction, the chief accounting officer now directly 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, 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 sale, the chief executive officer now directly owns 1,662,692 shares of the company's stock, valued at $72,011,190.52. This represents a 1.23 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 25,097 shares of company stock worth $1,087,094. 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.