WINTON GROUP Ltd Has $2.96 Million Stock Holdings in Maplebear Inc. $CART

WINTON GROUP Ltd grew its holdings in Maplebear Inc. (NASDAQ:CART) by 48.4% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 80,633 shares of the company’s stock after purchasing an additional 26,316 shares during the quarter. WINTON GROUP Ltd’s holdings in Maplebear were worth $2,964,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Smartleaf Asset Management LLC raised its holdings in shares of Maplebear by 9.6% during the 2nd quarter. Smartleaf Asset Management LLC now owns 2,978 shares of the company’s stock valued at $134,000 after purchasing an additional 261 shares in the last quarter. Rafferty Asset Management LLC boosted its holdings 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 purchasing an additional 273 shares in the last quarter. Crossmark Global Holdings Inc. increased its position in Maplebear by 5.0% during 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 during the last quarter. Hantz Financial Services Inc. increased its position in Maplebear by 78.6% during the third quarter. Hantz Financial Services Inc. now owns 884 shares of the company’s stock worth $32,000 after buying an additional 389 shares during the last quarter. Finally, ProShare Advisors LLC raised its holdings in Maplebear by 5.7% during the second quarter. ProShare Advisors LLC now owns 7,284 shares of the company’s stock valued at $330,000 after buying an additional 390 shares in the last quarter. Institutional investors and hedge funds own 63.09% of the company’s stock.

Maplebear Stock Down 2.2%

Shares of NASDAQ CART opened at $37.98 on Wednesday. The business’s 50 day moving average is $38.42 and its two-hundred day moving average is $40.57. The company has a market cap of $9.14 billion, a P/E ratio of 23.89, a P/E/G ratio of 0.59 and a beta of 0.98. Maplebear Inc. has a 12 month low of $32.73 and a 12 month high of $53.50.

Insider Activity

In other news, General Counsel Morgan Fong sold 4,914 shares of the firm’s stock in a transaction on Monday, December 22nd. The shares were sold at an average price of $45.21, for a total value of $222,161.94. Following the sale, the general counsel owned 404,940 shares in the company, valued at approximately $18,307,337.40. This trade represents a 1.20% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 26.00% of the company’s stock.

Wall Street Analyst Weigh In

CART has been the subject of a number of analyst reports. BNP Paribas Exane initiated coverage on Maplebear in a research report on Wednesday, January 14th. They issued an “underperform” rating and a $41.00 price target for the company. JPMorgan Chase & Co. lowered their price objective on Maplebear from $65.00 to $55.00 and set an “overweight” rating on the stock in a report on Tuesday, November 11th. Jefferies Financial Group raised their price objective on Maplebear from $41.00 to $48.00 and gave the company a “hold” rating in a research note on Thursday, December 11th. Citigroup reduced their target price on Maplebear from $65.00 to $50.00 and set a “buy” rating for the company in a report on Tuesday, November 11th. Finally, Fox Advisors downgraded Maplebear from a “strong-buy” rating to a “hold” rating in a report on Thursday, December 18th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, eleven have given a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price of $51.04.

Maplebear Profile

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.