Maplebear Inc. (NASDAQ:CART) Shares Acquired by Sei Investments Co.

Sei Investments Co. lifted its position in shares of Maplebear Inc. (NASDAQ:CART - Free Report) by 489.0% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 140,423 shares of the company's stock after purchasing an additional 116,583 shares during the quarter. Sei Investments Co. owned 0.05% of Maplebear worth $5,816,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. American Century Companies Inc. increased its position in shares of Maplebear by 25.6% in the fourth quarter. American Century Companies Inc. now owns 191,528 shares of the company's stock valued at $7,933,000 after buying an additional 39,051 shares in the last quarter. Quantbot Technologies LP acquired a new stake in Maplebear in the 4th quarter valued at $2,974,000. Teacher Retirement System of Texas purchased a new stake in Maplebear in the 4th quarter worth $1,587,000. Investment House LLC raised its position in Maplebear by 73.1% during the fourth quarter. Investment House LLC now owns 196,665 shares of the company's stock worth $8,146,000 after acquiring an additional 83,045 shares during the period. Finally, Vinva Investment Management Ltd raised its position in Maplebear by 229.3% during the fourth quarter. Vinva Investment Management Ltd now owns 17,143 shares of the company's stock worth $710,000 after acquiring an additional 11,937 shares during the period. 63.09% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

CART has been the subject of a number of research reports. Bank of America boosted their target price on shares of Maplebear from $51.00 to $53.00 and gave the stock a "neutral" rating in a research note on Tuesday, February 25th. Stifel Nicolaus increased their target price on Maplebear from $56.00 to $57.00 and gave the company a "buy" rating in a report on Wednesday, February 26th. Seaport Res Ptn upgraded Maplebear to a "strong-buy" rating in a research report on Wednesday, February 12th. Mizuho dropped their price target on Maplebear from $55.00 to $52.00 and set an "outperform" rating for the company in a research report on Wednesday, February 26th. Finally, FBN Securities started coverage on Maplebear in a report on Friday, March 28th. They issued a "sector perform" rating and a $44.00 price objective on the stock. Thirteen 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, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $50.13.

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Insider Activity

In other news, CEO Fidji Simo sold 2,033 shares of the business's stock in a transaction dated Monday, March 17th. The stock was sold at an average price of $40.00, for a total value of $81,320.00. Following the completion of the sale, the chief executive officer now directly owns 1,654,559 shares of the company's stock, valued at approximately $66,182,360. The trade was a 0.12 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CAO Alan Ramsay sold 2,314 shares of the firm's stock in a transaction that occurred 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 owns 85,421 shares in the company, valued at $3,953,283.88. This represents a 2.64 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 25,097 shares of company stock worth $1,087,094. Corporate insiders own 36.00% of the company's stock.

Maplebear Trading Down 6.6 %

Shares of CART stock traded down $2.65 on Friday, reaching $37.37. 4,411,284 shares of the stock were exchanged, compared to its average volume of 4,026,065. The company has a market capitalization of $9.89 billion, a price-to-earnings ratio of 25.08, a PEG ratio of 1.19 and a beta of 1.19. The business's 50 day moving average price is $43.98 and its 200 day moving average price is $43.61. Maplebear Inc. has a twelve month low of $29.84 and a twelve month high of $53.44.

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

Maplebear Company 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.