Universal Beteiligungs und Servicegesellschaft mbH Invests $1.96 Million in Maplebear Inc. (NASDAQ:CART)

Key Points

• Universal Beteiligungs und Servicegesellschaft mbH invested approximately $1,955,000 in Maplebear Inc. by acquiring 49,021 shares in the first quarter of 2023.
• Analysts have mixed opinions on Maplebear, with price targets ranging from $44.00 to $61.00 and a consensus rating of "Moderate Buy" based on recent adjustments.
• Insiders have sold a total of 4,975,327 shares of Maplebear valued at $237,736,848 over the last ninety days, indicating significant trading activity among company executives.

Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in Maplebear Inc. (NASDAQ:CART - Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm bought 49,021 shares of the company's stock, valued at approximately $1,955,000.

Other institutional investors also recently bought and sold shares of the company. Allianz Asset Management GmbH raised its holdings in shares of Maplebear by 1.5% in the first quarter. Allianz Asset Management GmbH now owns 148,352 shares of the company's stock worth $5,918,000 after buying an additional 2,195 shares during the last quarter. Teachers Retirement System of The State of Kentucky acquired a new stake in shares of Maplebear during the first quarter worth $2,086,000. Fountainhead AM LLC acquired a new stake in shares of Maplebear during the first quarter worth $488,000. Forum Financial Management LP acquired a new stake in shares of Maplebear during the first quarter worth $217,000. Finally, Bailard Inc. lifted its stake in shares of Maplebear by 170.8% during the first quarter. Bailard Inc. now owns 67,204 shares of the company's stock worth $2,681,000 after buying an additional 42,386 shares during the period. 63.09% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

CART has been the subject of several research reports. Robert W. Baird lifted their price objective on shares of Maplebear from $47.00 to $52.00 and gave the stock an "outperform" rating in a research note on Thursday, July 17th. Macquarie reiterated an "outperform" rating and set a $55.00 price objective on shares of Maplebear in a research note on Tuesday, May 6th. Barclays lifted their price objective on shares of Maplebear from $58.00 to $61.00 and gave the stock an "overweight" rating in a research note on Friday, May 2nd. Wall Street Zen downgraded shares of Maplebear from a "buy" rating to a "hold" rating in a research note on Friday, May 30th. Finally, Citigroup lifted their price objective on shares of Maplebear from $55.00 to $57.00 and gave the stock a "buy" rating in a research note on Tuesday, May 13th. Eleven research analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $52.35.

Maplebear Trading Down 2.0%

CART traded down $0.96 on Friday, reaching $47.01. The stock had a trading volume of 3,517,671 shares, compared to its average volume of 3,258,509. Maplebear Inc. has a 12-month low of $29.84 and a 12-month high of $53.44. The business's 50-day moving average price is $46.45 and its two-hundred day moving average price is $44.59. The company has a market cap of $12.34 billion, a P/E ratio of 30.93, a price-to-earnings-growth ratio of 1.82 and a beta of 1.21.

Maplebear (NASDAQ:CART - Get Free Report) last released its quarterly earnings data on Thursday, May 1st. The company reported $0.37 earnings per share for the quarter, missing analysts' consensus estimates of $0.38 by ($0.01). Maplebear had a net margin of 12.45% and a return on equity of 14.12%. The firm had revenue of $897.00 million during the quarter, compared to analysts' expectations of $896.86 million. During the same period in the previous year, the firm posted $0.43 EPS. The firm's quarterly revenue was up 9.4% on a year-over-year basis. As a group, analysts predict that Maplebear Inc. will post 1.43 earnings per share for the current year.

Insider Buying and Selling

In other Maplebear news, insider Grosvenor L.P. Gcm sold 4,864,272 shares of Maplebear stock in a transaction on Friday, July 25th. The shares were sold at an average price of $47.75, for a total value of $232,268,988.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Fidji Simo sold 66,560 shares of Maplebear stock in a transaction on Tuesday, July 22nd. The shares were sold at an average price of $50.01, for a total transaction of $3,328,665.60. Following the completion of the transaction, the chief executive officer directly owned 1,965,445 shares of the company's stock, valued at $98,291,904.45. The trade was a 3.28% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 4,975,327 shares of company stock valued at $237,736,848 in the last ninety days. Company insiders own 26.00% of the company's stock.

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.