14,658 Shares in Maplebear Inc. $CART Bought by Impact Partnership Wealth LLC

Impact Partnership Wealth LLC bought a new stake in Maplebear Inc. (NASDAQ:CART) during the first quarter, HoldingsChannel reports. The fund bought 14,658 shares of the company’s stock, valued at approximately $549,000.

Other large investors have also added to or reduced their stakes in the company. Allworth Financial LP increased its position in shares of Maplebear by 35.7% during the 3rd quarter. Allworth Financial LP now owns 928 shares of the company’s stock valued at $34,000 after purchasing an additional 244 shares during the last quarter. Smartleaf Asset Management LLC lifted its position in Maplebear by 9.6% in the 2nd quarter. Smartleaf Asset Management LLC now owns 2,978 shares of the company’s stock worth $134,000 after buying an additional 261 shares during the last quarter. Rafferty Asset Management LLC boosted its stake in Maplebear by 2.5% in the second quarter. Rafferty Asset Management LLC now owns 11,000 shares of the company’s stock worth $498,000 after buying an additional 273 shares in the last quarter. Crossmark Global Holdings Inc. boosted its stake in Maplebear by 5.0% in the third quarter. Crossmark Global Holdings Inc. now owns 6,423 shares of the company’s stock worth $236,000 after buying an additional 304 shares in the last quarter. Finally, Aviva PLC grew its position in Maplebear by 3.9% during the fourth quarter. Aviva PLC now owns 11,279 shares of the company’s stock valued at $507,000 after acquiring an additional 424 shares during the last quarter. Hedge funds and other institutional investors own 63.09% of the company’s stock.

Maplebear Stock Down 5.3%

NASDAQ CART opened at $44.83 on Thursday. Maplebear Inc. has a twelve month low of $32.73 and a twelve month high of $53.50. The firm has a market capitalization of $10.54 billion, a PE ratio of 25.04, a P/E/G ratio of 0.65 and a beta of 0.74. The stock’s 50 day moving average is $42.22 and its 200 day moving average is $40.46.

Maplebear (NASDAQ:CART) last announced its earnings results on Wednesday, May 6th. The company reported $0.57 earnings per share for the quarter, missing analysts’ consensus estimates of $0.58 by ($0.01). The business had revenue of $1.02 billion for the quarter, compared to the consensus estimate of $1.01 billion. Maplebear had a net margin of 12.50% and a return on equity of 18.67%. Maplebear’s revenue for the quarter was up 13.6% on a year-over-year basis. During the same period in the prior year, the business posted $0.37 EPS. On average, research analysts anticipate that Maplebear Inc. will post 2.45 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on CART shares. Barclays lifted their target price on shares of Maplebear from $65.00 to $69.00 and gave the stock an “overweight” rating in a research report on Thursday, May 7th. Argus raised Maplebear to a “strong-buy” rating in a research note on Thursday, March 5th. Jefferies Financial Group upgraded Maplebear from a “hold” rating to a “buy” rating and increased their target price for the company from $38.00 to $45.00 in a report on Monday, March 30th. Wall Street Zen lowered Maplebear from a “buy” rating to a “hold” rating in a research report on Saturday, May 2nd. Finally, Weiss Ratings raised Maplebear from a “hold (c-)” rating to a “hold (c)” rating in a research note on Monday, May 11th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, nine have given a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, Maplebear currently has a consensus rating of “Moderate Buy” and an average price target of $51.09.

Insiders Place Their Bets

In other Maplebear news, CAO Lisa Blackwood-Kapral sold 9,390 shares of Maplebear stock in a transaction that occurred on Wednesday, April 15th. The shares were sold at an average price of $40.25, for a total value of $377,947.50. Following the completion of the sale, the chief accounting officer owned 58,971 shares of the company’s stock, valued at approximately $2,373,582.75. The trade was a 13.74% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Ravi Gupta sold 181,000 shares of the stock in a transaction dated Tuesday, June 2nd. The shares were sold at an average price of $41.51, for a total value of $7,513,310.00. Following the completion of the transaction, the director directly owned 741,523 shares in the company, valued at approximately $30,780,619.73. This represents a 19.62% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 24.00% of the company’s stock.

About Maplebear

Maplebear, Inc, doing business as Instacart, operates a leading online grocery and essentials marketplace that connects consumers, retail partners and personal shoppers through its digital platform. The company enables customers to order groceries, household items and specialty products for same-day or scheduled delivery, as well as in-store pickup. By integrating its technology with retailers’ existing inventory and point-of-sale systems, Maplebear streamlines the shopping experience and provides real-time availability and pricing.

Founded in 2012 and headquartered in San Francisco, Maplebear has grown from a regional startup to a publicly traded company listed on NASDAQ under the ticker CART.