Maplebear Inc. (NASDAQ:CART) Shares Purchased by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in shares of Maplebear Inc. (NASDAQ:CART - Free Report) by 195.7% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 699,119 shares of the company's stock after acquiring an additional 462,684 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 0.27% of Maplebear worth $28,958,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of the business. Jones Financial Companies Lllp boosted its position in Maplebear by 46.6% during the fourth 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 lifted its position in shares of Maplebear by 101.4% during the 4th quarter. Allworth Financial LP now owns 834 shares of the company's stock valued at $37,000 after buying an additional 420 shares in the last quarter. NewEdge Advisors LLC grew its stake in Maplebear by 277.9% in the 4th quarter. NewEdge Advisors LLC now owns 975 shares of the company's stock valued at $40,000 after acquiring an additional 717 shares during the period. Anderson Financial Strategies LLC purchased a new stake in Maplebear in the 4th quarter worth $46,000. Finally, Cullen Frost Bankers Inc. purchased a new stake in Maplebear in the 4th quarter worth $62,000. Hedge funds and other institutional investors own 63.09% of the company's stock.

Analyst Upgrades and Downgrades

CART has been the topic of several research analyst reports. Wedbush dropped their target price on shares of Maplebear from $48.00 to $46.00 and set a "neutral" rating on the stock in a research report on Wednesday, February 26th. Wells Fargo & Company lowered their price objective on Maplebear from $47.00 to $44.00 and set an "equal weight" rating on the stock in a report on Thursday, April 3rd. Barclays increased their target price on Maplebear from $58.00 to $61.00 and gave the company an "overweight" rating in a report on Friday, May 2nd. Mizuho decreased their target price on Maplebear from $55.00 to $52.00 and set an "outperform" rating on the stock in a research report on Wednesday, February 26th. Finally, Bank of America boosted their price target on Maplebear from $51.00 to $53.00 and gave the stock a "neutral" rating in a research report on Tuesday, February 25th. Twelve equities research analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, Maplebear currently has an average rating of "Moderate Buy" and a consensus price target of $51.61.

Maplebear Stock Performance

Shares of NASDAQ CART traded down $0.03 during mid-day trading on Wednesday, reaching $47.02. 4,344,902 shares of the company's stock were exchanged, compared to its average volume of 4,056,624. The company's 50-day moving average is $42.40 and its 200-day moving average is $43.59. The firm has a market capitalization of $12.34 billion, a price-to-earnings ratio of 31.56, a PEG ratio of 1.19 and a beta of 1.19. Maplebear Inc. has a 52-week low of $29.84 and a 52-week high of $53.44.

Maplebear (NASDAQ:CART - Get Free Report) last posted its earnings results 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 company had revenue of $897.00 million during the quarter, compared to analyst estimates of $896.86 million. During the same period in the previous year, the company earned $0.43 EPS. The company's quarterly revenue was up 9.4% compared to the same quarter last year. As a group, equities analysts predict that Maplebear Inc. will post 1.43 earnings per share for the current fiscal year.

Insider Transactions at Maplebear

In other Maplebear news, CEO Fidji Simo sold 8,133 shares of the company's stock in a transaction on Monday, April 14th. The stock was sold at an average price of $41.60, for a total transaction of $338,332.80. Following the transaction, the chief executive officer now directly owns 1,646,426 shares in the company, valued at $68,491,321.60. This represents a 0.49% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, General Counsel Morgan Fong sold 5,249 shares of Maplebear stock in a transaction dated 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 transaction, the general counsel now directly owns 484,292 shares of the company's stock, valued at approximately $20,616,310.44. This represents a 1.07% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 15,415 shares of company stock worth $643,103. 26.00% of the stock is currently owned by insiders.

About Maplebear

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.