PharVision Advisers LLC Makes New $232,000 Investment in Maplebear Inc. (NASDAQ:CART)

PharVision Advisers LLC purchased a new stake in Maplebear Inc. (NASDAQ:CART - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 5,611 shares of the company's stock, valued at approximately $232,000.

Several other institutional investors have also recently added to or reduced their stakes in CART. Jones Financial Companies Lllp lifted its position in Maplebear by 46.6% during the fourth quarter. Jones Financial Companies Lllp now owns 698 shares of the company's stock valued at $29,000 after buying an additional 222 shares in the last quarter. Allworth Financial LP grew its position 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 buying an additional 420 shares in the last quarter. CIBC Asset Management Inc increased its holdings in shares of Maplebear by 5.4% in the 4th quarter. CIBC Asset Management Inc now owns 8,554 shares of the company's stock valued at $354,000 after acquiring an additional 440 shares during the last quarter. State of Wyoming lifted its holdings in shares of Maplebear by 6.6% in the 4th quarter. State of Wyoming now owns 8,628 shares of the company's stock worth $357,000 after purchasing an additional 534 shares during the last quarter. Finally, Coldstream Capital Management Inc. boosted its position 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 buying an additional 648 shares during the period. Institutional investors and hedge funds own 63.09% of the company's stock.

Maplebear Stock Up 0.1%

Shares of Maplebear stock traded up $0.03 during trading on Wednesday, reaching $47.08. 844,553 shares of the company were exchanged, compared to its average volume of 4,035,550. Maplebear Inc. has a twelve month low of $29.84 and a twelve month high of $53.44. The firm has a market capitalization of $12.36 billion, a price-to-earnings ratio of 31.60, a P/E/G ratio of 1.19 and a beta of 1.19. The business has a 50-day moving average price of $42.24 and a 200-day moving average price of $43.57.

Maplebear (NASDAQ:CART - Get Free Report) last released 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 net margin of 13.37% and a return on equity of 13.78%. The firm had revenue of $897.00 million during the quarter, compared to the consensus estimate of $896.86 million. During the same quarter in the prior year, the company earned $0.43 EPS. Maplebear's quarterly revenue was up 9.4% on a year-over-year basis. On average, equities research analysts forecast that Maplebear Inc. will post 1.43 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on CART shares. Benchmark restated a "hold" rating on shares of Maplebear in a research report on Wednesday, February 26th. Barclays raised their price objective on shares of Maplebear from $58.00 to $61.00 and gave the company an "overweight" rating in a research report on Friday, May 2nd. FBN Securities began coverage on shares of Maplebear in a research note on Friday, March 28th. They set a "sector perform" rating and a $44.00 price objective for the company. Needham & Company LLC reiterated a "buy" rating and issued a $56.00 target price on shares of Maplebear in a report on Friday, May 2nd. Finally, Morgan Stanley boosted their price target on Maplebear from $44.00 to $45.00 and gave the company an "equal weight" rating in a research note on Wednesday, February 26th. Twelve research analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, Maplebear presently has an average rating of "Moderate Buy" and a consensus target price of $51.61.

Insider Transactions at Maplebear

In other news, CEO Fidji Simo sold 2,033 shares of the firm's stock in a transaction that occurred on Monday, March 17th. The shares were sold at an average price of $40.00, for a total transaction of $81,320.00. Following the transaction, the chief executive officer now directly owns 1,654,559 shares of the company's stock, valued at approximately $66,182,360. This trade represents a 0.12% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, General Counsel Morgan Fong sold 5,249 shares of the firm's 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 completion of the sale, the general counsel now directly owns 484,292 shares in the company, valued at approximately $20,616,310.44. This represents a 1.07% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 15,415 shares of company stock worth $643,103 in the last 90 days. Corporate insiders own 26.00% of the company's stock.

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.