NBC Securities Inc. Has $378,000 Stock Holdings in Maplebear Inc. (NASDAQ:CART)

NBC Securities Inc. boosted its position in shares of Maplebear Inc. (NASDAQ:CART - Free Report) by 63,233.3% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 9,500 shares of the company's stock after purchasing an additional 9,485 shares during the quarter. NBC Securities Inc.'s holdings in Maplebear were worth $378,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Jones Financial Companies Lllp increased its stake in Maplebear by 46.6% during the 4th 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 boosted its holdings in shares of Maplebear by 101.4% in the fourth quarter. Allworth Financial LP now owns 834 shares of the company's stock valued at $37,000 after buying an additional 420 shares during the period. CIBC Asset Management Inc increased its position 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 acquiring an additional 440 shares in the last quarter. WCG Wealth Advisors LLC raised its holdings in shares of Maplebear by 3.3% during the fourth quarter. WCG Wealth Advisors LLC now owns 14,256 shares of the company's stock worth $590,000 after acquiring an additional 451 shares during the period. Finally, State of Wyoming lifted its position in Maplebear by 6.6% in the 4th quarter. State of Wyoming now owns 8,628 shares of the company's stock valued at $357,000 after acquiring an additional 534 shares in 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 business's 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 owns 484,292 shares in the company, valued at $20,616,310.44. The trade was a 1.07% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Fidji Simo sold 8,133 shares of the company's stock in a transaction dated Monday, April 14th. The stock was sold at an average price of $41.60, for a total value of $338,332.80. Following the completion of the transaction, the chief executive officer now directly owns 1,646,426 shares of the company's stock, valued at approximately $68,491,321.60. The trade was a 0.49% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 19,640 shares of company stock valued at $843,579 in the last quarter. Insiders own 26.00% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on CART shares. Oppenheimer lowered their target price on Maplebear from $65.00 to $60.00 and set an "outperform" rating for the company in a report on Wednesday, February 26th. Macquarie reaffirmed an "outperform" rating and issued a $55.00 target price on shares of Maplebear in a research report on Tuesday, May 6th. Loop Capital raised their target price on shares of Maplebear from $52.00 to $58.00 and gave the company a "buy" rating in a research note on Monday, May 19th. Wedbush reduced their price target on 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. decreased their price objective on shares of Maplebear from $50.00 to $44.00 and set an "overweight" rating on the stock in a report on Tuesday, April 8th. Thirteen investment analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, Maplebear presently has an average rating of "Moderate Buy" and a consensus target price of $51.91.

Maplebear Trading Down 3.8%

Maplebear stock traded down $1.74 during trading hours on Tuesday, reaching $44.18. 3,458,602 shares of the stock were exchanged, compared to its average volume of 4,016,851. The stock has a 50 day moving average of $43.36 and a two-hundred day moving average of $43.73. The company has a market cap of $11.60 billion, a P/E ratio of 29.65, a price-to-earnings-growth ratio of 1.19 and a beta of 1.30. Maplebear Inc. has a twelve month low of $29.84 and a twelve month high of $53.44.

Maplebear (NASDAQ:CART - Get Free Report) last announced its quarterly earnings data on Thursday, May 1st. The company reported $0.37 earnings per share for the quarter, missing the consensus estimate of $0.38 by ($0.01). The business had revenue of $897.00 million for the quarter, compared to the consensus estimate of $896.86 million. Maplebear had a return on equity of 13.78% and a net margin of 13.37%. Maplebear's quarterly revenue was up 9.4% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.43 earnings per share. On average, analysts expect that Maplebear Inc. will post 1.43 earnings per share 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.