309,873 Shares in Maplebear Inc. (NASDAQ:CART) Bought by Quantinno Capital Management LP

Quantinno Capital Management LP acquired a new stake in Maplebear Inc. (NASDAQ:CART - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund acquired 309,873 shares of the company's stock, valued at approximately $12,835,000. Quantinno Capital Management LP owned 0.12% of Maplebear at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Man Group plc acquired a new position in Maplebear during the 4th quarter worth approximately $15,023,000. Numerai GP LLC raised its stake in Maplebear by 51.3% during the 4th quarter. Numerai GP LLC now owns 43,079 shares of the company's stock worth $1,784,000 after buying an additional 14,611 shares during the period. Maytus Capital Management LLC raised its stake in Maplebear by 21.5% during the 4th quarter. Maytus Capital Management LLC now owns 151,828 shares of the company's stock worth $6,289,000 after buying an additional 26,828 shares during the period. Lazard Asset Management LLC acquired a new position in Maplebear during the 4th quarter worth approximately $263,000. Finally, Invenomic Capital Management LP raised its stake in Maplebear by 15.3% during the 4th quarter. Invenomic Capital Management LP now owns 351,974 shares of the company's stock worth $14,579,000 after buying an additional 46,807 shares during the period. 63.09% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts recently weighed in on CART shares. Stifel Nicolaus dropped their price target on Maplebear from $57.00 to $54.00 and set a "buy" rating on the stock in a research note on Wednesday, April 23rd. Barclays upped their price target on Maplebear from $58.00 to $61.00 and gave the stock an "overweight" rating in a research note on Friday, May 2nd. Citigroup boosted their price objective on Maplebear from $55.00 to $57.00 and gave the stock a "buy" rating in a report on Tuesday, May 13th. Cantor Fitzgerald reissued an "overweight" rating and set a $55.00 price objective on shares of Maplebear in a report on Wednesday, February 26th. Finally, Wedbush decreased their price objective on Maplebear from $48.00 to $46.00 and set a "neutral" rating for the company in a report on Wednesday, February 26th. Twelve equities research analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $51.04.

Insider Activity at Maplebear

In other Maplebear news, CEO Fidji Simo sold 2,033 shares of the stock in a transaction on Monday, March 17th. The stock was sold at an average price of $40.00, for a total transaction of $81,320.00. Following the sale, the chief executive officer now owns 1,654,559 shares in the company, valued at $66,182,360. This represents a 0.12% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, General Counsel Morgan Fong sold 5,249 shares of the stock in a transaction on Monday, April 21st. The stock was sold at an average price of $42.57, for a total value of $223,449.93. Following the sale, the general counsel now owns 484,292 shares in the company, valued at approximately $20,616,310.44. This represents a 1.07% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 36,165 shares of company stock worth $1,541,785. Insiders own 26.00% of the company's stock.

Maplebear Stock Up 3.5%

Maplebear stock traded up $1.54 during trading on Friday, hitting $45.66. The stock had a trading volume of 2,998,841 shares, compared to its average volume of 4,068,243. Maplebear Inc. has a 1 year low of $29.84 and a 1 year high of $53.44. The stock's 50 day moving average is $41.16 and its two-hundred day moving average is $43.53. The stock has a market cap of $11.99 billion, a price-to-earnings ratio of 30.64, a price-to-earnings-growth ratio of 1.19 and a beta of 1.19.

Maplebear (NASDAQ:CART - Get Free Report) last posted its quarterly earnings data on Thursday, May 1st. The company reported $0.37 EPS for the quarter, missing the consensus estimate of $0.38 by ($0.01). Maplebear had a net margin of 13.37% and a return on equity of 13.78%. The firm had revenue of $897.00 million during the quarter, compared to analysts' expectations of $896.86 million. During the same quarter in the previous year, the company posted $0.43 EPS. Maplebear's revenue for the quarter was up 9.4% on a year-over-year basis. As a group, equities research analysts anticipate that Maplebear Inc. will post 1.43 EPS for the current fiscal year.

Maplebear Company 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.