DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main Buys 45,760 Shares of Maplebear Inc. (NASDAQ:CART)

DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main lifted its position in shares of Maplebear Inc. (NASDAQ:CART - Free Report) by 106.9% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 88,551 shares of the company's stock after acquiring an additional 45,760 shares during the quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main's holdings in Maplebear were worth $3,668,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in CART. Jones Financial Companies Lllp grew its holdings in shares of Maplebear by 46.6% during the fourth quarter. Jones Financial Companies Lllp now owns 698 shares of the company's stock worth $29,000 after purchasing an additional 222 shares in the last quarter. Allworth Financial LP grew its holdings in shares of Maplebear by 101.4% during the fourth quarter. Allworth Financial LP now owns 834 shares of the company's stock worth $37,000 after purchasing an additional 420 shares in the last quarter. CIBC Asset Management Inc grew its holdings in shares of Maplebear by 5.4% during the fourth quarter. CIBC Asset Management Inc now owns 8,554 shares of the company's stock worth $354,000 after purchasing an additional 440 shares in the last quarter. Coldstream Capital Management Inc. grew its holdings in shares of Maplebear by 2.0% during the fourth quarter. Coldstream Capital Management Inc. now owns 32,393 shares of the company's stock worth $1,342,000 after purchasing an additional 648 shares in the last quarter. Finally, NewEdge Advisors LLC lifted its position in Maplebear by 277.9% in the 4th quarter. NewEdge Advisors LLC now owns 975 shares of the company's stock worth $40,000 after buying an additional 717 shares during the last quarter. Institutional investors own 63.09% of the company's stock.

Insider Activity at Maplebear

In related 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 transaction 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 transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Fidji Simo sold 20,750 shares of the stock in a transaction dated Wednesday, February 26th. The shares were sold at an average price of $43.31, for a total value of $898,682.50. Following the completion of the transaction, the chief executive officer now directly owns 1,662,692 shares in the company, valued at approximately $72,011,190.52. This represents a 1.23% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 36,165 shares of company stock valued at $1,541,785 over the last ninety days. Insiders own 26.00% of the company's stock.

Maplebear Stock Up 2.0%

Shares of NASDAQ CART traded up $0.90 during trading on Wednesday, reaching $45.21. The company had a trading volume of 4,438,021 shares, compared to its average volume of 4,102,643. Maplebear Inc. has a 12-month low of $29.84 and a 12-month high of $53.44. The stock has a market cap of $11.87 billion, a PE ratio of 30.34, a P/E/G ratio of 1.19 and a beta of 1.19. The business's 50-day moving average is $40.79 and its 200 day moving average is $43.52.

Maplebear (NASDAQ:CART - Get Free Report) last released its earnings results on Thursday, May 1st. The company reported $0.37 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 company had revenue of $897.00 million during the quarter, compared to analysts' expectations of $896.86 million. During the same period in the prior year, the company posted $0.43 earnings per share. The company's revenue was up 9.4% on a year-over-year basis. On average, analysts anticipate that Maplebear Inc. will post 1.43 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on CART. Seaport Res Ptn upgraded Maplebear to a "strong-buy" rating in a research report on Wednesday, February 12th. BMO Capital Markets boosted their target price on Maplebear from $48.00 to $49.00 and gave the stock a "market perform" rating in a research report on Wednesday, February 26th. Citigroup boosted their target price on Maplebear from $55.00 to $57.00 and gave the stock a "buy" rating in a research report on Tuesday. JMP Securities restated a "market outperform" rating and issued a $55.00 target price on shares of Maplebear in a research report on Friday, April 11th. Finally, Needham & Company LLC restated a "buy" rating and issued a $56.00 target price on shares of Maplebear in a research report on Friday, May 2nd. Twelve research analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $51.04.

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.