Sterling Capital Management LLC lifted its holdings in Maplebear Inc. (NASDAQ:CART - Free Report) by 125.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 14,780 shares of the company's stock after buying an additional 8,220 shares during the quarter. Sterling Capital Management LLC's holdings in Maplebear were worth $612,000 as of its most recent SEC filing.
Other large investors have also recently bought and sold shares of the company. CenterBook Partners LP boosted its position in Maplebear by 42.8% during the fourth quarter. CenterBook Partners LP now owns 29,225 shares of the company's stock worth $1,210,000 after purchasing an additional 8,756 shares in the last quarter. Raymond James Financial Inc. purchased a new stake in Maplebear during the 4th quarter worth $3,861,000. APG Asset Management N.V. acquired a new position in shares of Maplebear in the 4th quarter valued at approximately $4,492,000. Abacus FCF Advisors LLC lifted its holdings in Maplebear by 46.5% during the 4th quarter. Abacus FCF Advisors LLC now owns 60,130 shares of the company's stock worth $2,491,000 after buying an additional 19,096 shares during the last quarter. Finally, Renaissance Technologies LLC boosted its stake in Maplebear by 18.9% in the fourth quarter. Renaissance Technologies LLC now owns 1,737,953 shares of the company's stock valued at $71,986,000 after acquiring an additional 276,691 shares during the period. Hedge funds and other institutional investors own 63.09% of the company's stock.
Insider Transactions at Maplebear
In other news, CEO Fidji Simo sold 2,033 shares of the firm's stock in a transaction on Monday, March 17th. The shares were sold at an average price of $40.00, for a total value of $81,320.00. Following the sale, the chief executive officer now owns 1,654,559 shares in the company, valued at approximately $66,182,360. This trade represents a 0.12 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Over the last three months, insiders sold 30,916 shares of company stock worth $1,318,335. 36.00% of the stock is owned by insiders.
Maplebear Trading Up 0.3 %
CART stock traded up $0.11 during mid-day trading on Wednesday, hitting $42.46. The stock had a trading volume of 1,036,175 shares, compared to its average volume of 4,062,738. The stock has a market capitalization of $11.15 billion, a price-to-earnings ratio of 28.50, a PEG ratio of 1.19 and a beta of 1.20. The company has a fifty day moving average of $41.66 and a 200 day moving average of $43.56. Maplebear Inc. has a 1-year low of $29.84 and a 1-year high of $53.44.
Maplebear (NASDAQ:CART - Get Free Report) last issued its quarterly earnings data 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. Maplebear had a net margin of 13.37% and a return on equity of 13.78%. The firm had revenue of $883.00 million during the quarter, compared to analysts' expectations of $889.98 million. As a group, sell-side analysts expect 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 several recent analyst reports. BMO Capital Markets upped their target price on shares of Maplebear from $48.00 to $49.00 and gave the stock a "market perform" rating in a research report on Wednesday, February 26th. Loop Capital cut their target price on Maplebear from $56.00 to $52.00 and set a "buy" rating for the company in a research report on Thursday, March 6th. Bank of America boosted their price objective on Maplebear from $51.00 to $53.00 and gave the stock a "neutral" rating in a research note on Tuesday, February 25th. JMP Securities reaffirmed a "market outperform" rating and set a $55.00 target price on shares of Maplebear in a report on Friday, April 11th. Finally, Macquarie raised their price objective on shares of Maplebear from $52.00 to $55.00 and gave the company an "outperform" rating in a research report on Thursday, February 27th. Twelve investment analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $50.61.
Get Our Latest Stock Analysis on Maplebear
About Maplebear
(
Free Report)
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.
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