UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Acquires 462,684 Shares of Maplebear Inc. (NASDAQ:CART)

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 disclosure with the Securities and Exchange Commission. The fund owned 699,119 shares of the company's stock after acquiring an additional 462,684 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 0.27% of Maplebear worth $28,958,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of CART. Janney Montgomery Scott LLC raised its stake in shares of Maplebear by 212.1% in the 4th quarter. Janney Montgomery Scott LLC now owns 23,938 shares of the company's stock valued at $992,000 after acquiring an additional 16,267 shares during the period. Cherry Creek Investment Advisors Inc. acquired a new position in shares of Maplebear in the 4th quarter valued at $235,000. US Bancorp DE boosted its holdings in shares of Maplebear by 22.3% in the 4th quarter. US Bancorp DE now owns 13,077 shares of the company's stock valued at $542,000 after buying an additional 2,387 shares in the last quarter. Commonwealth Equity Services LLC acquired a new stake in Maplebear during the 4th quarter worth $234,000. Finally, PNC Financial Services Group Inc. boosted its stake in Maplebear by 243.3% during the 4th quarter. PNC Financial Services Group Inc. now owns 3,399 shares of the company's stock worth $141,000 after purchasing an additional 2,409 shares during the period. 63.09% of the stock is currently owned by institutional investors and hedge funds.

Maplebear Stock Down 0.5%

Maplebear stock traded down $0.21 during mid-day trading on Friday, hitting $45.55. 3,157,383 shares of the stock were exchanged, compared to its average volume of 4,032,133. Maplebear Inc. has a 12 month low of $29.84 and a 12 month high of $53.44. The firm's fifty day simple moving average is $42.57 and its two-hundred day simple moving average is $43.56. The stock has a market capitalization of $11.96 billion, a price-to-earnings ratio of 30.57, a PEG ratio of 1.19 and a beta of 1.19.

Maplebear (NASDAQ:CART - Get Free Report) last posted its quarterly earnings data 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 firm had revenue of $897.00 million for the quarter, compared to analysts' expectations of $896.86 million. Maplebear had a return on equity of 13.78% and a net margin of 13.37%. Maplebear's revenue was up 9.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.43 earnings per share. As a group, analysts forecast that Maplebear Inc. will post 1.43 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of brokerages have recently issued reports on CART. Jefferies Financial Group increased their price target on shares of Maplebear from $48.00 to $50.00 and gave the company a "hold" rating in a report on Tuesday. Mizuho decreased their price target on shares of Maplebear from $55.00 to $52.00 and set an "outperform" rating on the stock in a research note on Wednesday, February 26th. Wall Street Zen cut shares of Maplebear from a "buy" rating to a "hold" rating in a research report on Friday. Needham & Company LLC restated a "buy" rating and issued a $56.00 price target on shares of Maplebear in a report on Friday, May 2nd. Finally, Wells Fargo & Company cut their price target on shares of Maplebear from $47.00 to $44.00 and set an "equal weight" rating on the stock in a report on Thursday, April 3rd. Thirteen 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 stock. According to data from MarketBeat.com, Maplebear has a consensus rating of "Moderate Buy" and a consensus target price of $51.61.

Insider Buying and Selling at Maplebear

In other news, General Counsel Morgan Fong sold 5,249 shares of the stock in a transaction that occurred 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 completion of the sale, the general counsel now 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 transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Fidji Simo sold 8,133 shares of the firm's stock in a transaction on 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 sale, the chief executive officer now directly owns 1,646,426 shares of the company's stock, valued at $68,491,321.60. The trade was a 0.49% 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 valued at $643,103 over the last three months. 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.