Universal Beteiligungs und Servicegesellschaft mbH Buys 51,832 Shares of Maplebear Inc. $CART

Key Points

• Universal Beteiligungs increased its stake in Maplebear (NASDAQ:CART) by 67.5% in Q4, buying 51,832 shares to hold 128,611 shares valued at about $5.78 million.
• Analysts rate CART a consensus "Moderate Buy" with a consensus price target of $51.29 (1 Strong Buy, 15 Buy, 9 Hold, 2 Sell).
• Insiders have sold 144,863 shares (≈$5.42M) in the past 90 days even though insiders still own 24% of the company and institutional investors hold 63.09% of the stock.

Universal Beteiligungs und Servicegesellschaft mbH increased its stake in Maplebear Inc. (NASDAQ:CART - Free Report) by 67.5% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 128,611 shares of the company's stock after purchasing an additional 51,832 shares during the quarter. Universal Beteiligungs und Servicegesellschaft mbH's holdings in Maplebear were worth $5,783,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the stock. State Street Corp raised its holdings in Maplebear by 1.3% in the 2nd quarter. State Street Corp now owns 5,101,870 shares of the company's stock worth $230,809,000 after purchasing an additional 66,588 shares during the period. Viking Global Investors LP bought a new position in Maplebear in the 2nd quarter worth $169,782,000. Bank of America Corp DE raised its holdings in Maplebear by 75.9% in the 3rd quarter. Bank of America Corp DE now owns 3,036,736 shares of the company's stock worth $111,630,000 after purchasing an additional 1,310,392 shares during the period. Holocene Advisors LP bought a new position in Maplebear in the 3rd quarter worth $90,167,000. Finally, UBS Group AG raised its holdings in Maplebear by 28.2% during the third quarter. UBS Group AG now owns 1,971,524 shares of the company's stock valued at $72,473,000 after acquiring an additional 433,240 shares during the period. 63.09% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms have commented on CART. Needham & Company LLC raised their price target on Maplebear from $50.00 to $55.00 and gave the company a "buy" rating in a report on Friday, February 13th. Argus raised Maplebear to a "strong-buy" rating in a report on Thursday, March 5th. Stifel Nicolaus decreased their price target on Maplebear from $49.00 to $46.00 and set a "buy" rating on the stock in a report on Tuesday, January 27th. Wall Street Zen raised Maplebear from a "hold" rating to a "buy" rating in a report on Saturday, February 14th. Finally, Benchmark decreased their price target on Maplebear from $60.00 to $53.00 and set a "buy" rating on the stock in a report on Tuesday, February 10th. One analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, nine have issued a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $51.29.

Maplebear Stock Up 2.2%

Shares of Maplebear stock opened at $43.09 on Tuesday. The firm has a market cap of $10.20 billion, a price-to-earnings ratio of 27.10, a PEG ratio of 0.65 and a beta of 0.88. The business has a 50-day moving average price of $38.63 and a 200-day moving average price of $39.79. Maplebear Inc. has a twelve month low of $32.73 and a twelve month high of $53.50.

Insider Transactions at Maplebear

In other news, CAO Lisa Blackwood-Kapral sold 9,390 shares of the firm's 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 completion of the transaction, the chief accounting officer 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 sale was disclosed in a document filed with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, General Counsel Morgan Fong sold 126,083 shares of the firm's stock in a transaction dated Wednesday, March 11th. The shares were sold at an average price of $37.09, for a total value of $4,676,418.47. Following the transaction, the general counsel owned 386,643 shares of the company's stock, valued at approximately $14,340,588.87. The trade was a 24.59% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 144,863 shares of company stock valued at $5,418,135. Company insiders own 24.00% of the company's stock.

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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