UBS Group AG Lowers Stock Position in Maplebear Inc. $CART

Key Points

• UBS Group AG trimmed its stake in Maplebear (NASDAQ:CAR T) by 22.8% in Q4, selling 448,908 shares and ending the period with 1,522,616 shares (about 0.58% ownership) valued at roughly $68.5 million per its 13F filing.
• Company insiders have been net sellers, disposing of 144,863 shares worth $5.42 million over the past 90 days—including General Counsel Morgan Fong's sale of 126,083 shares (~$4.68 million), a 24.6% reduction—leaving insiders with about 24% ownership.
• Maplebear has a market capitalization of about $10.25 billion, a consensus analyst rating of "Moderate Buy" with a $51.29 target, and a 12‑month trading range of $32.73 to $53.50.

UBS Group AG cut its position in shares of Maplebear Inc. (NASDAQ:CART - Free Report) by 22.8% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,522,616 shares of the company's stock after selling 448,908 shares during the period. UBS Group AG owned 0.58% of Maplebear worth $68,487,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently added to or reduced their stakes in CART. Royal Bank of Canada boosted its holdings in Maplebear by 51.2% during the first quarter. Royal Bank of Canada now owns 131,789 shares of the company's stock worth $5,256,000 after buying an additional 44,642 shares in the last quarter. NewEdge Advisors LLC lifted its holdings in Maplebear by 71.6% during the first quarter. NewEdge Advisors LLC now owns 1,673 shares of the company's stock valued at $67,000 after purchasing an additional 698 shares in the last quarter. Jones Financial Companies Lllp lifted its holdings in Maplebear by 358.5% during the first quarter. Jones Financial Companies Lllp now owns 3,200 shares of the company's stock valued at $128,000 after purchasing an additional 2,502 shares in the last quarter. Goldman Sachs Group Inc. lifted its holdings in Maplebear by 17.4% during the first quarter. Goldman Sachs Group Inc. now owns 390,711 shares of the company's stock valued at $15,585,000 after purchasing an additional 57,879 shares in the last quarter. Finally, Empowered Funds LLC purchased a new position in Maplebear during the first quarter valued at $268,000. 63.09% of the stock is owned by hedge funds and other institutional investors.

Maplebear Price Performance

Shares of CART stock opened at $43.29 on Tuesday. The firm's 50-day moving average is $38.99 and its two-hundred day moving average is $39.86. Maplebear Inc. has a 12 month low of $32.73 and a 12 month high of $53.50. The company has a market capitalization of $10.25 billion, a PE ratio of 27.23, a price-to-earnings-growth ratio of 0.65 and a beta of 0.96.

Insider Transactions at Maplebear

In other Maplebear news, General Counsel Morgan Fong sold 126,083 shares of Maplebear stock in a transaction dated Wednesday, March 11th. The shares were sold at an average price of $37.09, for a total transaction of $4,676,418.47. Following the transaction, 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 ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Lisa Blackwood-Kapral sold 9,390 shares of Maplebear stock in a transaction dated Wednesday, April 15th. The stock was sold at an average price of $40.25, for a total transaction of $377,947.50. Following the transaction, the chief accounting officer directly owned 58,971 shares in the company, valued at $2,373,582.75. This trade represents a 13.74% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 144,863 shares of company stock worth $5,418,135 over the last ninety days. 24.00% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

CART has been the topic of several recent analyst reports. Needham & Company LLC increased their price objective on shares of Maplebear from $50.00 to $55.00 and gave the company a "buy" rating in a report on Friday, February 13th. Benchmark decreased their price objective on shares of Maplebear from $60.00 to $53.00 and set a "buy" rating on the stock in a report on Tuesday, February 10th. Raymond James Financial raised shares of Maplebear from a "hold" rating to a "moderate buy" rating in a report on Thursday, April 9th. Wall Street Zen downgraded shares of Maplebear from a "buy" rating to a "hold" rating in a report on Saturday. Finally, Wells Fargo & Company increased their price objective on shares of Maplebear from $43.00 to $45.00 and gave the company an "equal weight" rating in a report on Monday, March 30th. One research analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, nine have assigned a Hold rating and two have given a Sell rating to the company's stock. According to data from MarketBeat.com, Maplebear has a consensus rating of "Moderate Buy" and a consensus target price of $51.29.

Maplebear 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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