18,041 Shares in Maplebear Inc. (NASDAQ:CART) Acquired by Taika Capital LP

Taika Capital LP acquired a new stake in Maplebear Inc. (NASDAQ:CART - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 18,041 shares of the company's stock, valued at approximately $747,000.

A number of other large investors also recently modified their holdings of CART. New York State Teachers Retirement System boosted its position in shares of Maplebear by 704.1% in the third quarter. New York State Teachers Retirement System now owns 15,824 shares of the company's stock valued at $645,000 after acquiring an additional 13,856 shares during the period. US Bancorp DE boosted its position in shares of Maplebear by 429.2% in the third quarter. US Bancorp DE now owns 10,690 shares of the company's stock valued at $436,000 after acquiring an additional 8,670 shares during the period. Eos Management L.P. boosted its position in shares of Maplebear by 98.1% in the third quarter. Eos Management L.P. now owns 31,508 shares of the company's stock valued at $1,284,000 after acquiring an additional 15,600 shares during the period. Entropy Technologies LP bought a new position in shares of Maplebear in the third quarter valued at approximately $232,000. Finally, Victory Capital Management Inc. boosted its position in shares of Maplebear by 6.1% in the third quarter. Victory Capital Management Inc. now owns 39,019 shares of the company's stock valued at $1,590,000 after acquiring an additional 2,234 shares during the period. 63.09% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other Maplebear news, CEO Fidji Simo sold 20,750 shares of the business's stock in a transaction dated Wednesday, December 18th. The stock was sold at an average price of $42.74, for a total value of $886,855.00. Following the completion of the transaction, the chief executive officer now owns 1,771,993 shares of the company's stock, valued at approximately $75,734,980.82. The trade was a 1.16 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 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 directly owns 85,421 shares of the company's stock, 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 a total of 46,061 shares of company stock worth $1,987,318 in the last quarter. Corporate insiders own 36.00% of the company's stock.

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Maplebear Stock Down 3.5 %

Shares of CART stock traded down $1.34 during mid-day trading on Thursday, reaching $37.46. 3,661,851 shares of the company's stock traded hands, compared to its average volume of 3,892,516. Maplebear Inc. has a 12 month low of $29.84 and a 12 month high of $53.44. The company has a market cap of $9.91 billion, a P/E ratio of 25.14, a P/E/G ratio of 1.19 and a beta of 1.34. The company's 50-day moving average price is $45.79 and its 200-day moving average price is $43.09.

Maplebear (NASDAQ:CART - Get Free Report) last announced its earnings results on Tuesday, February 25th. The company reported $0.53 EPS for the quarter, beating analysts' consensus estimates of $0.37 by $0.16. The firm had revenue of $883.00 million for 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%. Equities analysts predict that Maplebear Inc. will post 1.43 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on CART shares. 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. Cantor Fitzgerald reiterated an "overweight" rating and set a $55.00 target price on shares of Maplebear in a research report on Wednesday, February 26th. JPMorgan Chase & Co. dropped their target price on shares of Maplebear from $52.00 to $50.00 and set an "overweight" rating for the company in a research report on Wednesday, February 26th. Morgan Stanley lifted their target price on shares of Maplebear from $44.00 to $45.00 and gave the company an "equal weight" rating in a research report on Wednesday, February 26th. Finally, Barclays lifted their target price on shares of Maplebear from $56.00 to $58.00 and gave the company an "overweight" rating in a research report on Wednesday, February 26th. Thirteen equities research analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $50.21.

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.