Nuveen Asset Management LLC Has $18.17 Million Stock Holdings in Maplebear Inc. (NASDAQ:CART)

Nuveen Asset Management LLC decreased its position in shares of Maplebear Inc. (NASDAQ:CART - Free Report) by 3.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 438,574 shares of the company's stock after selling 15,175 shares during the period. Nuveen Asset Management LLC owned about 0.17% of Maplebear worth $18,166,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of the company. Vanguard Group Inc. increased its holdings in shares of 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 buying an additional 2,300,288 shares in the last quarter. T. Rowe Price Investment Management Inc. increased its holdings in shares of 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 buying an additional 635,930 shares in the last quarter. Victory Capital Management Inc. increased its holdings in shares of 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 buying an additional 4,487,654 shares in the last quarter. Jacobs Levy Equity Management Inc. increased its holdings in shares of Maplebear by 85.0% during the fourth quarter. Jacobs Levy Equity Management Inc. now owns 3,081,847 shares of the company's stock worth $127,650,000 after buying an additional 1,416,426 shares in the last quarter. Finally, Boston Partners acquired a new stake in shares of Maplebear during the fourth quarter worth approximately $111,506,000. Institutional investors and hedge funds own 63.09% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the stock. Citigroup raised their price objective on shares of Maplebear from $55.00 to $57.00 and gave the stock a "buy" rating in a report on Tuesday, May 13th. Bank of America raised their price target on shares of Maplebear from $51.00 to $53.00 and gave the company a "neutral" rating in a report on Tuesday, February 25th. Morgan Stanley raised their price target on shares of Maplebear from $44.00 to $45.00 and gave the company an "equal weight" rating in a report on Wednesday, February 26th. Wedbush lowered their price target on shares of Maplebear from $48.00 to $46.00 and set a "neutral" rating for the company in a report on Wednesday, February 26th. Finally, JPMorgan Chase & Co. lowered their price target on shares of Maplebear from $50.00 to $44.00 and set an "overweight" rating for the company in a report on Tuesday, April 8th. Twelve 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's stock. According to data from MarketBeat.com, Maplebear presently has a consensus rating of "Moderate Buy" and an average price target of $51.61.

Insider Buying and Selling

In other Maplebear news, General Counsel Morgan Fong sold 5,249 shares of Maplebear stock in a transaction 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 sale, the general counsel now directly owns 484,292 shares in the company, valued at approximately $20,616,310.44. The trade was a 1.07% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Fidji Simo sold 2,033 shares of the business's stock in a transaction dated Monday, March 17th. The stock was sold at an average price of $40.00, for a total transaction of $81,320.00. Following the transaction, 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 disclosure for this sale can be found here. Insiders have sold a total of 36,165 shares of company stock worth $1,541,785 over the last ninety days. Company insiders own 26.00% of the company's stock.

Maplebear Stock Up 0.1%

Shares of NASDAQ:CART traded up $0.06 during midday trading on Tuesday, reaching $47.05. 3,265,615 shares of the company were exchanged, compared to its average volume of 4,048,002. Maplebear Inc. has a fifty-two week low of $29.84 and a fifty-two week high of $53.44. The stock has a fifty day simple moving average of $42.08 and a two-hundred day simple moving average of $43.54. The firm has a market cap of $12.35 billion, a PE ratio of 31.58, a P/E/G ratio of 1.19 and a beta of 1.19.

Maplebear (NASDAQ:CART - Get Free Report) last issued its quarterly earnings data 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 for the quarter, compared to analyst estimates of $896.86 million. During the same quarter in the previous year, the business earned $0.43 earnings per share. The company's revenue was up 9.4% on a year-over-year basis. As a group, analysts forecast that Maplebear Inc. will post 1.43 earnings per share for the current 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.