Thames Capital Management LLC Has $5.93 Million Stock Holdings in Maplebear Inc. (NASDAQ:CART)

Thames Capital Management LLC trimmed its position in Maplebear Inc. (NASDAQ:CART - Free Report) by 27.9% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 143,057 shares of the company's stock after selling 55,246 shares during the period. Maplebear makes up approximately 1.6% of Thames Capital Management LLC's holdings, making the stock its 27th biggest holding. Thames Capital Management LLC owned 0.06% of Maplebear worth $5,925,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of CART. Jones Financial Companies Lllp raised its holdings in Maplebear by 46.6% in the fourth quarter. Jones Financial Companies Lllp now owns 698 shares of the company's stock worth $29,000 after purchasing an additional 222 shares during the period. Allworth Financial LP raised its stake in Maplebear by 101.4% during the 4th quarter. Allworth Financial LP now owns 834 shares of the company's stock worth $37,000 after buying an additional 420 shares during the period. CIBC Asset Management Inc lifted its holdings in Maplebear by 5.4% during the fourth quarter. CIBC Asset Management Inc now owns 8,554 shares of the company's stock worth $354,000 after acquiring an additional 440 shares in the last quarter. Coldstream Capital Management Inc. grew its stake in Maplebear by 1.6% in the third quarter. Coldstream Capital Management Inc. now owns 31,745 shares of the company's stock valued at $1,294,000 after acquiring an additional 490 shares during the period. Finally, Pier Capital LLC raised its position in shares of Maplebear by 0.4% during the third quarter. Pier Capital LLC now owns 151,604 shares of the company's stock worth $6,176,000 after purchasing an additional 616 shares during the period. Institutional investors own 63.09% of the company's stock.

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Insider Buying and Selling

In other Maplebear news, CAO Alan Ramsay sold 2,314 shares of the company's 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 of the company's stock, valued at $3,953,283.88. This represents a 2.64 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CEO Fidji Simo sold 20,750 shares of the stock in a transaction on 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 $72,011,190.52. The trade was a 1.23 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 25,097 shares of company stock valued at $1,087,094. Company insiders own 36.00% of the company's stock.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the company. JMP Securities reiterated a "market outperform" rating and issued a $55.00 price objective on shares of Maplebear in a research report on Friday. JPMorgan Chase & Co. lowered their price objective on shares of Maplebear from $50.00 to $44.00 and set an "overweight" rating for the company in a research report on Tuesday. Mizuho reduced their target price on shares of Maplebear from $55.00 to $52.00 and set an "outperform" rating for the company in a research note on Wednesday, February 26th. FBN Securities began coverage on Maplebear in a research note on Friday, March 28th. They issued a "sector perform" rating and a $44.00 price target on the stock. Finally, Bank of America upped their price objective on Maplebear from $51.00 to $53.00 and gave the stock a "neutral" rating in a research report on Tuesday, February 25th. Thirteen research analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $50.04.

Maplebear Trading Up 3.8 %

Shares of CART traded up $1.48 during mid-day trading on Friday, reaching $40.08. The company's stock had a trading volume of 1,874,595 shares, compared to its average volume of 4,055,304. Maplebear Inc. has a 1-year low of $29.84 and a 1-year high of $53.44. The business has a 50-day simple moving average of $42.83 and a two-hundred day simple moving average of $43.45. The stock has a market cap of $10.61 billion, a P/E ratio of 26.91, a PEG ratio of 1.19 and a beta of 1.20.

Maplebear (NASDAQ:CART - Get Free Report) last announced its quarterly earnings results on Tuesday, February 25th. The company reported $0.53 earnings per share (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 business had revenue of $883.00 million during the quarter, compared to the consensus estimate of $889.98 million. Research analysts anticipate that Maplebear Inc. will post 1.43 EPS for the current year.

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.