Maplebear Inc. $CART Shares Sold by SC US Ttgp LTD.

SC US Ttgp LTD. decreased its holdings in Maplebear Inc. (NASDAQ:CART) by 0.1% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 27,995,267 shares of the company’s stock after selling 20,701 shares during the quarter. Maplebear comprises about 9.0% of SC US Ttgp LTD.’s portfolio, making the stock its 4th biggest position. SC US Ttgp LTD. owned approximately 10.66% of Maplebear worth $1,259,227,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the business. Mariner LLC boosted its position in shares of Maplebear by 298.1% in the 4th quarter. Mariner LLC now owns 25,195 shares of the company’s stock worth $1,133,000 after purchasing an additional 18,866 shares in the last quarter. NFJ Investment Group LLC purchased a new position in Maplebear in the 4th quarter worth $36,240,000. Fieldview Capital Management LLC purchased a new position in Maplebear in the 4th quarter worth $1,068,000. Landscape Capital Management L.L.C. purchased a new position in Maplebear in the 4th quarter worth $979,000. Finally, Aurora Investment Counsel raised its stake in Maplebear by 5.5% in the 4th quarter. Aurora Investment Counsel now owns 61,185 shares of the company’s stock worth $2,752,000 after acquiring an additional 3,190 shares during the last quarter. Institutional investors and hedge funds own 63.09% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on CART shares. Jefferies Financial Group upgraded Maplebear from a “hold” rating to a “buy” rating and raised their target price for the stock from $38.00 to $45.00 in a research note on Monday, March 30th. Raymond James Financial upgraded Maplebear from a “hold” rating to a “moderate buy” rating in a research note on Thursday, April 9th. Wall Street Zen lowered Maplebear from a “buy” rating to a “hold” rating in a research note on Saturday, May 2nd. Needham & Company LLC restated a “buy” rating and issued a $55.00 target price on shares of Maplebear in a research note on Thursday, May 7th. Finally, Weiss Ratings upgraded Maplebear from a “hold (c-)” rating to a “hold (c)” rating in a research note on Monday, May 11th. One investment analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, nine have issued a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $51.09.

Insider Transactions at Maplebear

In other Maplebear news, CAO Lisa Blackwood-Kapral sold 9,390 shares of Maplebear stock in a transaction dated Wednesday, April 15th. The stock was sold at an average price of $40.25, for a total transaction of $377,947.50. Following the completion of the transaction, the chief accounting officer owned 58,971 shares in the company, valued at approximately $2,373,582.75. This trade represents a 13.74% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Ravi Gupta sold 181,000 shares of Maplebear 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 transaction, the director owned 741,523 shares of the company’s stock, valued at $30,780,619.73. The trade was a 19.62% decrease in their position. The disclosure for this sale is available in the SEC filing. Company insiders own 24.00% of the company’s stock.

Maplebear Stock Performance

NASDAQ CART opened at $41.24 on Monday. The stock has a 50-day simple moving average of $40.98 and a two-hundred day simple moving average of $40.27. The firm has a market capitalization of $9.69 billion, a P/E ratio of 23.04, a PEG ratio of 0.57 and a beta of 0.88. Maplebear Inc. has a fifty-two week low of $32.73 and a fifty-two week high of $53.50.

Maplebear (NASDAQ:CART) last released its quarterly earnings data 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 company had revenue of $1.02 billion for the quarter, compared to analysts’ expectations of $1.01 billion. Maplebear had a net margin of 12.50% and a return on equity of 18.67%. The business’s quarterly revenue was up 13.6% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.37 EPS. As a group, analysts forecast that Maplebear Inc. will post 2.45 earnings per share for the current year.

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.