Maplebear Inc. (NASDAQ:CART) Holdings Decreased by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC decreased its holdings in Maplebear Inc. (NASDAQ:CART - Free Report) by 4.6% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 236,435 shares of the company's stock after selling 11,326 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 0.09% of Maplebear worth $9,632,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of the business. Zurcher Kantonalbank Zurich Cantonalbank raised its position in Maplebear by 95.1% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 30,258 shares of the company's stock worth $1,233,000 after acquiring an additional 14,750 shares in the last quarter. FORA Capital LLC purchased a new position in Maplebear in the third quarter worth $5,231,000. Beaconlight Capital LLC raised its position in Maplebear by 54.7% in the third quarter. Beaconlight Capital LLC now owns 213,797 shares of the company's stock worth $8,710,000 after acquiring an additional 75,598 shares in the last quarter. Blueshift Asset Management LLC purchased a new position in shares of Maplebear in the third quarter valued at $788,000. Finally, Portman Ltd purchased a new position in shares of Maplebear in the third quarter valued at $3,196,000. Hedge funds and other institutional investors own 63.09% of the company's stock.

Insider Buying and Selling

In other Maplebear news, General Counsel Morgan Fong sold 8,345 shares of Maplebear stock in a transaction that occurred on Wednesday, September 18th. The stock was sold at an average price of $40.00, for a total transaction of $333,800.00. Following the sale, the general counsel now directly owns 330,886 shares in the company, valued at $13,235,440. The trade was a 2.46 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Fidji Simo sold 20,750 shares of Maplebear stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $42.97, for a total value of $891,627.50. Following the sale, the chief executive officer now owns 1,804,243 shares in the company, valued at $77,528,321.71. This represents a 1.14 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 110,954 shares of company stock valued at $4,890,405. Corporate insiders own 36.00% of the company's stock.

Maplebear Price Performance

Maplebear stock traded down $1.72 during midday trading on Monday, hitting $42.47. 4,040,593 shares of the company were exchanged, compared to its average volume of 3,992,253. The company's fifty day moving average price is $43.61 and its 200-day moving average price is $37.53. The company has a market cap of $10.91 billion, a PE ratio of 28.59, a price-to-earnings-growth ratio of 1.15 and a beta of 0.94. Maplebear Inc. has a fifty-two week low of $22.13 and a fifty-two week high of $50.01.

Maplebear (NASDAQ:CART - Get Free Report) last released its quarterly earnings results on Tuesday, November 12th. The company reported $0.42 EPS for the quarter, topping the consensus estimate of $0.22 by $0.20. The firm had revenue of $852.00 million for the quarter, compared to analyst estimates of $844.03 million. Maplebear had a return on equity of 13.78% and a net margin of 13.37%. Maplebear's revenue for the quarter was up 11.5% on a year-over-year basis. During the same period in the previous year, the company posted ($20.86) EPS. On average, analysts expect that Maplebear Inc. will post 1.4 EPS for the current fiscal year.

Analysts Set New Price Targets

CART has been the subject of a number of research analyst reports. Bank of America raised their price target on Maplebear from $50.00 to $51.00 and gave the company a "neutral" rating in a research report on Wednesday, November 13th. JPMorgan Chase & Co. raised their price target on Maplebear from $47.00 to $52.00 and gave the company an "overweight" rating in a research report on Wednesday, November 13th. Stifel Nicolaus raised their price target on Maplebear from $52.00 to $55.00 and gave the company a "buy" rating in a research report on Monday, October 28th. Piper Sandler raised their price target on Maplebear from $50.00 to $58.00 and gave the company an "overweight" rating in a research report on Wednesday, November 13th. Finally, Needham & Company LLC restated a "hold" rating on shares of Maplebear in a research report on Wednesday, November 13th. Thirteen analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $47.14.

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.