Marshall Wace LLP Has $72.83 Million Position in Maplebear Inc. (NASDAQ:CART)

Marshall Wace LLP grew its stake in Maplebear Inc. (NASDAQ:CART - Free Report) by 199.2% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,758,380 shares of the company's stock after buying an additional 1,170,634 shares during the quarter. Marshall Wace LLP owned 0.68% of Maplebear worth $72,832,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in the stock. Jones Financial Companies Lllp grew its holdings in shares of Maplebear by 46.6% during 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 in the last quarter. Wilmington Savings Fund Society FSB bought a new position in Maplebear in the third quarter valued at $33,000. Allworth Financial LP increased its stake in 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 buying an additional 420 shares during the last quarter. NewEdge Advisors LLC lifted its position in Maplebear by 277.9% during the 4th quarter. NewEdge Advisors LLC now owns 975 shares of the company's stock worth $40,000 after buying an additional 717 shares in the last quarter. Finally, Cullen Frost Bankers Inc. acquired a new position in shares of Maplebear during the 4th quarter worth about $62,000. Institutional investors own 63.09% of the company's stock.

Insiders Place Their Bets

In related news, CEO Fidji Simo sold 2,033 shares of the business's stock in a transaction on Monday, March 17th. The stock was sold at an average price of $40.00, for a total transaction of $81,320.00. Following the sale, the chief executive officer now owns 1,654,559 shares in the company, valued at $66,182,360. The trade was a 0.12 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Over the last 90 days, insiders sold 30,916 shares of company stock valued at $1,318,335. 36.00% of the stock is currently owned by corporate insiders.

Maplebear Trading Up 2.2 %

Maplebear stock traded up $0.94 during trading hours on Tuesday, reaching $42.73. 594,277 shares of the stock were exchanged, compared to its average volume of 4,056,774. The stock has a 50 day moving average of $41.81 and a two-hundred day moving average of $43.57. 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 $11.22 billion, a P/E ratio of 28.70, a price-to-earnings-growth ratio of 1.19 and a beta of 1.20.

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

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the company. Macquarie upped their target price on Maplebear from $52.00 to $55.00 and gave the stock an "outperform" rating in a report on Thursday, February 27th. Bank of America boosted their target price on shares of Maplebear from $51.00 to $53.00 and gave the stock a "neutral" rating in a report on Tuesday, February 25th. JMP Securities restated a "market outperform" rating and set a $55.00 price objective on shares of Maplebear in a research note on Friday, April 11th. BTIG Research upgraded shares of Maplebear from a "neutral" rating to a "buy" rating and set a $58.00 target price for the company in a research note on Tuesday, January 14th. Finally, Oppenheimer dropped their price objective on Maplebear from $65.00 to $60.00 and set an "outperform" rating on the stock in a research note on Wednesday, February 26th. Twelve equities research analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $50.61.

Maplebear Company Profile

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.