Vinva Investment Management Ltd Has $710,000 Stock Holdings in Maplebear Inc. (NASDAQ:CART)

Vinva Investment Management Ltd raised its holdings in shares of Maplebear Inc. (NASDAQ:CART - Free Report) by 229.3% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 17,143 shares of the company's stock after purchasing an additional 11,937 shares during the period. Vinva Investment Management Ltd's holdings in Maplebear were worth $710,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently modified their holdings of the company. Xponance Inc. raised its stake in shares of Maplebear by 18.5% during the fourth quarter. Xponance Inc. now owns 7,704 shares of the company's stock worth $319,000 after buying an additional 1,205 shares during the last quarter. Boston Partners bought a new stake in shares of Maplebear during the 4th quarter valued at $111,506,000. Parallel Advisors LLC raised its position in shares of Maplebear by 269.4% during the 4th quarter. Parallel Advisors LLC now owns 25,911 shares of the company's stock valued at $1,073,000 after acquiring an additional 18,897 shares during the last quarter. Catalyst Funds Management Pty Ltd acquired a new position in shares of Maplebear in the 4th quarter valued at $634,000. Finally, Left Brain Wealth Management LLC bought a new position in shares of Maplebear in the 4th quarter worth $438,000. Institutional investors own 63.09% of the company's stock.

Insider Transactions at Maplebear

In other news, CAO Alan Ramsay sold 2,314 shares of the firm's stock in a transaction dated Tuesday, January 21st. The shares were sold at an average price of $46.28, for a total transaction of $107,091.92. Following the completion of the sale, the chief accounting officer now owns 85,421 shares in the company, valued at approximately $3,953,283.88. This trade represents a 2.64 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Fidji Simo sold 2,033 shares of the company's stock in a transaction dated Monday, March 17th. The shares were sold at an average price of $40.00, for a total transaction of $81,320.00. Following the completion of the transaction, 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 position. The disclosure for this sale can be found here. In the last three months, insiders sold 25,097 shares of company stock worth $1,087,094. 36.00% of the stock is owned by company insiders.

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Wall Street Analyst Weigh In

CART has been the topic of several analyst reports. Oppenheimer cut their target price on Maplebear from $65.00 to $60.00 and set an "outperform" rating on the stock in a research note on Wednesday, February 26th. Macquarie increased their price target 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. BMO Capital Markets boosted their price objective on shares of Maplebear from $48.00 to $49.00 and gave the company a "market perform" rating in a report on Wednesday, February 26th. Bank of America increased their target price on shares of Maplebear from $51.00 to $53.00 and gave the stock a "neutral" rating in a report on Tuesday, February 25th. Finally, Barclays lifted their price target on shares of Maplebear from $56.00 to $58.00 and gave the stock an "overweight" rating in a research report on Wednesday, February 26th. Thirteen research analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $50.52.

Maplebear Price Performance

NASDAQ CART traded down $1.53 on Wednesday, hitting $40.35. 2,153,860 shares of the stock were exchanged, compared to its average volume of 3,940,531. The company has a market capitalization of $10.68 billion, a PE ratio of 27.08, a P/E/G ratio of 1.19 and a beta of 1.34. The business's fifty day moving average is $44.94 and its 200 day moving average is $43.44. Maplebear Inc. has a 52 week low of $29.84 and a 52 week high of $53.44.

Maplebear (NASDAQ:CART - Get Free Report) last issued its 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. The business had revenue of $883.00 million during the quarter, compared to the consensus estimate of $889.98 million. Maplebear had a net margin of 13.37% and a return on equity of 13.78%. Analysts predict that Maplebear Inc. will post 1.43 EPS for the current fiscal year.

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.