Maplebear Inc. (NASDAQ:CART) Shares Acquired by Two Sigma Investments LP

Two Sigma Investments LP increased its position in Maplebear Inc. (NASDAQ:CART - Free Report) by 5.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 878,648 shares of the company's stock after buying an additional 42,441 shares during the quarter. Two Sigma Investments LP owned about 0.34% of Maplebear worth $36,394,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also made changes to their positions in the company. Victory Capital Management Inc. raised its holdings in shares of Maplebear by 11,501.2% in the 4th quarter. Victory Capital Management Inc. now owns 4,526,673 shares of the company's stock worth $187,495,000 after purchasing an additional 4,487,654 shares during the period. Boston Partners acquired a new stake in Maplebear during the 4th quarter worth approximately $111,506,000. Altimeter Capital Management LP purchased a new position in Maplebear in the fourth quarter valued at approximately $105,108,000. Vanguard Group Inc. lifted its position in Maplebear by 16.8% during the fourth quarter. Vanguard Group Inc. now owns 15,968,358 shares of the company's stock valued at $661,409,000 after buying an additional 2,300,288 shares in the last quarter. Finally, Norges Bank purchased a new stake in Maplebear during the fourth quarter worth approximately $95,162,000. 63.09% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of analysts recently weighed in on the stock. Oppenheimer decreased their price target on shares of Maplebear from $65.00 to $60.00 and set an "outperform" rating for the company in a research report on Wednesday, February 26th. Wedbush decreased their target price on Maplebear from $48.00 to $46.00 and set a "neutral" rating for the company in a research report on Wednesday, February 26th. Wells Fargo & Company dropped their target price on Maplebear from $47.00 to $44.00 and set an "equal weight" rating on the stock in a report on Thursday, April 3rd. FBN Securities began coverage on Maplebear in a research report on Friday, March 28th. They set a "sector perform" rating and a $44.00 price target on the stock. Finally, JMP Securities reaffirmed a "market outperform" rating and issued a $55.00 price objective on shares of Maplebear in a research report on Friday, April 11th. Twelve analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $51.30.

Insider Activity at Maplebear

In related news, CEO Fidji Simo sold 2,033 shares of the firm's stock in a transaction that occurred on Monday, March 17th. The stock was sold at an average price of $40.00, for a total value of $81,320.00. Following the sale, the chief executive officer now directly owns 1,654,559 shares in the company, valued at $66,182,360. This trade represents a 0.12% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, 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 $20,616,310.44. The trade was a 1.07% decrease in their position. 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 in the last ninety days. 26.00% of the stock is owned by insiders.

Maplebear Stock Performance

Shares of Maplebear stock traded down $0.04 on Friday, reaching $46.99. 3,973,745 shares of the company were exchanged, compared to its average volume of 4,048,927. Maplebear Inc. has a 1-year low of $29.84 and a 1-year high of $53.44. The firm has a market cap of $12.34 billion, a price-to-earnings ratio of 31.54, a P/E/G ratio of 1.19 and a beta of 1.19. The company's 50-day moving average is $41.79 and its two-hundred day moving average is $43.60.

Maplebear (NASDAQ:CART - Get Free Report) last posted its earnings results on Thursday, May 1st. The company reported $0.37 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.38 by ($0.01). The company had revenue of $897.00 million during the quarter, compared to the consensus estimate of $896.86 million. Maplebear had a net margin of 13.37% and a return on equity of 13.78%. The business's quarterly revenue was up 9.4% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.43 earnings per share. As a group, sell-side analysts forecast that Maplebear Inc. will post 1.43 earnings per share for the current year.

Maplebear 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.