Deutsche Bank AG Has $9.64 Million Stock Position in Maplebear Inc. (NASDAQ:CART)

Deutsche Bank AG decreased its position in shares of Maplebear Inc. (NASDAQ:CART - Free Report) by 90.3% during the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 232,630 shares of the company's stock after selling 2,168,210 shares during the period. Deutsche Bank AG owned 0.09% of Maplebear worth $9,636,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the company. Vanguard Group Inc. increased its position in Maplebear by 16.8% during the fourth quarter. Vanguard Group Inc. now owns 15,968,358 shares of the company's stock worth $661,409,000 after purchasing an additional 2,300,288 shares during the last quarter. T. Rowe Price Investment Management Inc. increased its position in Maplebear by 15.5% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 4,744,652 shares of the company's stock worth $196,524,000 after purchasing an additional 635,930 shares during the last quarter. Victory Capital Management Inc. increased its position in Maplebear by 11,501.2% during the fourth quarter. Victory Capital Management Inc. now owns 4,526,673 shares of the company's stock worth $187,495,000 after purchasing an additional 4,487,654 shares during the last quarter. Boston Partners acquired a new position in Maplebear during the fourth quarter worth approximately $111,506,000. Finally, Balyasny Asset Management L.P. increased its position in Maplebear by 42.9% during the fourth quarter. Balyasny Asset Management L.P. now owns 2,603,438 shares of the company's stock worth $107,834,000 after purchasing an additional 781,259 shares during the last quarter. Hedge funds and other institutional investors own 63.09% of the company's stock.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on CART. Loop Capital increased their price objective on shares of Maplebear from $52.00 to $58.00 and gave the stock a "buy" rating in a research report on Monday. Citigroup raised their price target on shares of Maplebear from $55.00 to $57.00 and gave the company a "buy" rating in a report on Tuesday, May 13th. Mizuho cut their price objective on shares of Maplebear from $55.00 to $52.00 and set an "outperform" rating on the stock in a report on Wednesday, February 26th. Wells Fargo & Company decreased their price objective on shares of Maplebear from $47.00 to $44.00 and set an "equal weight" rating for the company in a research report on Thursday, April 3rd. Finally, Bank of America lifted their target price on Maplebear from $51.00 to $53.00 and gave the stock a "neutral" rating in a research report on Tuesday, February 25th. Twelve analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $51.30.

Maplebear Stock Performance

Shares of Maplebear stock traded up $1.17 during trading hours on Tuesday, reaching $47.11. The company's stock had a trading volume of 3,632,224 shares, compared to its average volume of 4,059,855. The company's 50 day simple moving average is $41.31 and its 200 day simple moving average is $43.54. Maplebear Inc. has a one year low of $29.84 and a one year high of $53.44. The stock has a market cap of $12.37 billion, a P/E ratio of 31.62, 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 results on Thursday, May 1st. The company reported $0.37 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.38 by ($0.01). Maplebear had a return on equity of 13.78% and a net margin of 13.37%. The business had revenue of $897.00 million during the quarter, compared to the consensus estimate of $896.86 million. During the same quarter in the previous year, the business posted $0.43 earnings per share. The company's quarterly revenue was up 9.4% compared to the same quarter last year. On average, sell-side analysts predict that Maplebear Inc. will post 1.43 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, General Counsel Morgan Fong sold 5,249 shares of Maplebear stock in a transaction that occurred on Monday, April 21st. The shares were sold at an average price of $42.57, for a total value of $223,449.93. Following the transaction, the general counsel now owns 484,292 shares of the company's stock, valued at $20,616,310.44. The trade was a 1.07% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO Fidji Simo sold 8,133 shares of Maplebear stock in a transaction that occurred on Monday, April 14th. The stock was sold at an average price of $41.60, for a total transaction of $338,332.80. Following the completion of the transaction, the chief executive officer now directly owns 1,646,426 shares in the company, valued at $68,491,321.60. This represents a 0.49% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 36,165 shares of company stock worth $1,541,785. 26.00% of the stock is owned by corporate insiders.

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.