Jump Financial LLC Has $7.84 Million Stock Holdings in Maplebear Inc. (NASDAQ:CART)

Jump Financial LLC increased its position in Maplebear Inc. (NASDAQ:CART - Free Report) by 41.2% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 189,342 shares of the company's stock after purchasing an additional 55,242 shares during the period. Jump Financial LLC owned about 0.07% of Maplebear worth $7,843,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Jones Financial Companies Lllp boosted its position in shares of Maplebear by 46.6% in the fourth quarter. Jones Financial Companies Lllp now owns 698 shares of the company's stock worth $29,000 after buying an additional 222 shares during the period. Wilmington Savings Fund Society FSB purchased a new position in Maplebear during the 3rd quarter valued at about $33,000. Allworth Financial LP increased its holdings in shares of Maplebear by 101.4% in the 4th quarter. Allworth Financial LP now owns 834 shares of the company's stock valued at $37,000 after purchasing an additional 420 shares during the period. Cullen Frost Bankers Inc. purchased a new stake in shares of Maplebear in the fourth quarter worth approximately $62,000. Finally, PNC Financial Services Group Inc. boosted its holdings in shares of Maplebear by 243.3% during the fourth 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 hedge funds and other institutional investors.

Wall Street Analyst Weigh In

CART has been the subject of a number of research reports. Bank of America lifted their price objective on Maplebear from $51.00 to $53.00 and gave the company a "neutral" rating in a research report on Tuesday, February 25th. Wells Fargo & Company dropped their price target on shares of Maplebear from $47.00 to $44.00 and set an "equal weight" rating on the stock in a research note on Thursday, April 3rd. Mizuho reduced their price objective on shares of Maplebear from $55.00 to $52.00 and set an "outperform" rating for the company in a research note on Wednesday, February 26th. Cantor Fitzgerald reissued an "overweight" rating and set a $55.00 target price on shares of Maplebear in a research report on Wednesday, February 26th. Finally, BMO Capital Markets upped their price target on Maplebear from $48.00 to $49.00 and gave the stock a "market perform" rating in a research note on Wednesday, February 26th. Twelve research analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $50.61.

Maplebear Price Performance

Shares of Maplebear stock traded down $0.73 during trading on Monday, hitting $42.26. 436,167 shares of the company's stock traded hands, compared to its average volume of 4,063,502. Maplebear Inc. has a twelve month low of $29.84 and a twelve month high of $53.44. The company has a market cap of $11.09 billion, a PE ratio of 28.36, a PEG ratio of 1.19 and a beta of 1.20. The firm's fifty day moving average price is $41.98 and its 200 day moving average price is $43.56.

Maplebear (NASDAQ:CART - Get Free Report) last issued its earnings results on Tuesday, February 25th. The company reported $0.53 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.37 by $0.16. The business had revenue of $883.00 million during the quarter, compared to analysts' expectations of $889.98 million. Maplebear had a return on equity of 13.78% and a net margin of 13.37%. As a group, equities research analysts anticipate that Maplebear Inc. will post 1.43 earnings per share for the current year.

Insiders Place Their Bets

In related news, CEO Fidji Simo sold 20,750 shares of the stock in a transaction dated Wednesday, February 26th. The shares were sold at an average price of $43.31, for a total transaction of $898,682.50. Following the completion of the sale, the chief executive officer now owns 1,662,692 shares in the company, valued at $72,011,190.52. This trade represents a 1.23 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CAO Alan Ramsay sold 2,314 shares of Maplebear stock in a transaction dated Tuesday, January 21st. The shares were sold at an average price of $46.28, for a total transaction of $107,091.92. Following the transaction, the chief accounting officer now directly owns 85,421 shares of the company's stock, valued at $3,953,283.88. This represents a 2.64 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 33,230 shares of company stock worth $1,425,427 over the last three months. 36.00% of the stock is currently owned by corporate 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.