Robeco Institutional Asset Management B.V. Increases Holdings in Maplebear Inc. $CART

Key Points

• Robeco Institutional Asset Management boosted its stake in Maplebear by 21.1% in Q4 to 544,520 shares, equal to about $24.49 million or roughly 0.21% of the company.
• Company insiders have been selling: General Counsel Morgan Fong sold 126,083 shares (~$4.68M), cutting his position by ~24.6%, and CAO Lisa Blackwood‑Kapral sold 9,390 shares; insiders now hold about 26% of the stock.
• Institutions own ~63.1% of Maplebear, analysts' consensus is a "Moderate Buy" with an average price target of $51.29, and the stock trades near $40 with a market cap of about $9.62 billion (P/E ~25.1).

Robeco Institutional Asset Management B.V. boosted its holdings in shares of Maplebear Inc. (NASDAQ:CART - Free Report) by 21.1% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 544,520 shares of the company's stock after purchasing an additional 95,028 shares during the period. Robeco Institutional Asset Management B.V. owned about 0.21% of Maplebear worth $24,493,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the business. Allworth Financial LP increased its holdings in Maplebear by 35.7% during the 3rd quarter. Allworth Financial LP now owns 928 shares of the company's stock valued at $34,000 after purchasing an additional 244 shares during the period. Smartleaf Asset Management LLC increased its holdings in Maplebear by 9.6% during the 2nd quarter. Smartleaf Asset Management LLC now owns 2,978 shares of the company's stock valued at $134,000 after purchasing an additional 261 shares during the period. Rafferty Asset Management LLC increased its holdings in Maplebear by 2.5% during the 2nd quarter. Rafferty Asset Management LLC now owns 11,000 shares of the company's stock valued at $498,000 after purchasing an additional 273 shares during the period. Crossmark Global Holdings Inc. boosted its position in Maplebear by 5.0% during the 3rd quarter. Crossmark Global Holdings Inc. now owns 6,423 shares of the company's stock valued at $236,000 after acquiring an additional 304 shares in the last quarter. Finally, Hantz Financial Services Inc. boosted its position in Maplebear by 78.6% during the 3rd quarter. Hantz Financial Services Inc. now owns 884 shares of the company's stock valued at $32,000 after acquiring an additional 389 shares in the last quarter. Hedge funds and other institutional investors own 63.09% of the company's stock.

Maplebear Stock Performance

Maplebear stock opened at $39.98 on Tuesday. The stock's 50 day simple moving average is $37.19 and its two-hundred day simple moving average is $39.54. Maplebear Inc. has a fifty-two week low of $32.73 and a fifty-two week high of $53.50. The stock has a market cap of $9.62 billion, a price-to-earnings ratio of 25.14, a PEG ratio of 0.60 and a beta of 0.88.

Insider Buying and Selling

In other news, General Counsel Morgan Fong sold 126,083 shares of the business's stock in a transaction that occurred on Wednesday, March 11th. The stock was sold at an average price of $37.09, for a total value of $4,676,418.47. Following the sale, the general counsel directly owned 386,643 shares of the company's stock, valued at $14,340,588.87. The trade was a 24.59% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CAO Lisa Blackwood-Kapral sold 9,390 shares of the business's stock in a transaction that occurred on Monday, March 16th. The stock was sold at an average price of $38.74, for a total value of $363,768.60. Following the completion of the sale, the chief accounting officer directly owned 47,510 shares in the company, valued at approximately $1,840,537.40. This represents a 16.50% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders own 26.00% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts have weighed in on the company. Raymond James Financial raised Maplebear from a "hold" rating to a "moderate buy" rating in a research report on Thursday, April 9th. Cantor Fitzgerald lifted their price objective on Maplebear from $45.00 to $54.00 and gave the company an "overweight" rating in a research report on Thursday, January 8th. BNP Paribas Exane assumed coverage on Maplebear in a research report on Wednesday, January 14th. They set an "underperform" rating and a $41.00 price objective on the stock. Wells Fargo & Company lifted their price objective on Maplebear from $43.00 to $45.00 and gave the company an "equal weight" rating in a research report on Monday, March 30th. Finally, Argus raised Maplebear to a "strong-buy" rating in a research report on Thursday, March 5th. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, nine have given a Hold rating and two have issued a Sell rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $51.29.

Maplebear Company Profile

Maplebear, Inc, doing business as Instacart, operates a leading online grocery and essentials marketplace that connects consumers, retail partners and personal shoppers through its digital platform. The company enables customers to order groceries, household items and specialty products for same-day or scheduled delivery, as well as in-store pickup. By integrating its technology with retailers' existing inventory and point-of-sale systems, Maplebear streamlines the shopping experience and provides real-time availability and pricing.

Founded in 2012 and headquartered in San Francisco, Maplebear has grown from a regional startup to a publicly traded company listed on NASDAQ under the ticker CART.

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