Oxford Asset Management LLP Takes $1.78 Million Position in Maplebear Inc. (NASDAQ:CART)

Oxford Asset Management LLP acquired a new stake in Maplebear Inc. (NASDAQ:CART - Free Report) during the 4th quarter, according to its most recent disclosure with the SEC. The fund acquired 43,046 shares of the company's stock, valued at approximately $1,783,000. Maplebear makes up about 0.9% of Oxford Asset Management LLP's portfolio, making the stock its 7th biggest holding.

Other institutional investors have also added to or reduced their stakes in the company. Janney Montgomery Scott LLC grew its holdings in Maplebear by 212.1% during the 4th quarter. Janney Montgomery Scott LLC now owns 23,938 shares of the company's stock valued at $992,000 after buying an additional 16,267 shares in the last quarter. Cherry Creek Investment Advisors Inc. bought a new position in Maplebear in the 4th quarter worth about $235,000. US Bancorp DE raised its holdings in Maplebear by 22.3% in the 4th quarter. US Bancorp DE now owns 13,077 shares of the company's stock worth $542,000 after acquiring an additional 2,387 shares during the last quarter. Nordea Investment Management AB bought a new stake in shares of Maplebear in the fourth quarter worth approximately $2,078,000. Finally, Commonwealth Equity Services LLC bought a new position in shares of Maplebear during the 4th quarter valued at $234,000. 63.09% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on CART. Mizuho cut their target price on Maplebear from $55.00 to $52.00 and set an "outperform" rating on the stock in a research note on Wednesday, February 26th. Bank of America raised their price objective on Maplebear from $51.00 to $53.00 and gave the company a "neutral" rating in a report on Tuesday, February 25th. Seaport Res Ptn upgraded shares of Maplebear to a "strong-buy" rating in a report on Wednesday, February 12th. Wells Fargo & Company lowered their target price on shares of Maplebear from $47.00 to $44.00 and set an "equal weight" rating for the company in a report on Thursday, April 3rd. Finally, Morgan Stanley boosted their price target on Maplebear from $44.00 to $45.00 and gave the stock an "equal weight" rating in a research note on Wednesday, February 26th. Twelve investment analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Maplebear presently has a consensus rating of "Moderate Buy" and a consensus price target of $50.48.

Maplebear Trading Down 0.7 %

CART traded down $0.27 on Thursday, hitting $39.62. 3,794,078 shares of the company's stock were exchanged, compared to its average volume of 4,057,911. Maplebear Inc. has a fifty-two week low of $29.84 and a fifty-two week high of $53.44. The firm has a 50-day moving average price of $40.36 and a 200-day moving average price of $43.46. The stock has a market cap of $10.40 billion, a price-to-earnings ratio of 26.56, a P/E/G ratio of 1.19 and a beta of 1.20.

Maplebear (NASDAQ:CART - Get Free Report) last posted its earnings results on Tuesday, February 25th. The company reported $0.53 earnings per share for the quarter, beating the consensus estimate of $0.37 by $0.16. The company had revenue of $883.00 million for the quarter, compared to analyst estimates of $889.98 million. Maplebear had a net margin of 13.37% and a return on equity of 13.78%. On average, equities analysts predict that Maplebear Inc. will post 1.43 EPS for the current year.

Insider Buying and Selling

In other Maplebear news, 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 directly owns 484,292 shares of the company's stock, valued at $20,616,310.44. This trade represents a 1.07 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Fidji Simo sold 2,033 shares of the firm's stock in a transaction on Monday, March 17th. The shares were sold at an average price of $40.00, for a total value of $81,320.00. Following the transaction, the chief executive officer now directly owns 1,654,559 shares in the company, valued at $66,182,360. This trade represents a 0.12 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 36,165 shares of company stock worth $1,541,785 in the last 90 days. Company insiders own 26.00% of the company's stock.

About Maplebear

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.