Maplebear Inc. (NASDAQ:CART) Position Increased by Natixis

Natixis lifted its holdings in Maplebear Inc. (NASDAQ:CART - Free Report) by 164.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 383,186 shares of the company's stock after purchasing an additional 238,408 shares during the period. Natixis owned about 0.15% of Maplebear worth $15,872,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently bought and sold shares of the business. Vanguard Group Inc. lifted its stake in Maplebear by 16.8% in the 4th quarter. Vanguard Group Inc. now owns 15,968,358 shares of the company's stock valued at $661,409,000 after buying an additional 2,300,288 shares in the last quarter. Victory Capital Management Inc. lifted its position in shares of Maplebear by 11,501.2% in the fourth quarter. Victory Capital Management Inc. now owns 4,526,673 shares of the company's stock valued at $187,495,000 after acquiring an additional 4,487,654 shares in the last quarter. Boston Partners acquired a new stake in shares of Maplebear in the fourth quarter worth approximately $111,506,000. Federated Hermes Inc. boosted its stake in shares of Maplebear by 22.9% in the fourth quarter. Federated Hermes Inc. now owns 2,462,264 shares of the company's stock worth $102,035,000 after acquiring an additional 458,243 shares during the last quarter. Finally, Norges Bank purchased a new stake in shares of Maplebear during the fourth quarter worth approximately $95,162,000. Institutional investors and hedge funds own 63.09% of the company's stock.

Insider Activity at Maplebear

In other Maplebear news, CEO Fidji Simo sold 8,133 shares of the business's stock in a transaction dated Monday, April 14th. The stock was sold at an average price of $41.60, for a total transaction of $338,332.80. Following the completion of the sale, the chief executive officer now owns 1,646,426 shares of the company's stock, valued at approximately $68,491,321.60. The trade was a 0.49 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, General Counsel Morgan Fong sold 5,249 shares of the firm's stock in a transaction dated Monday, April 21st. The stock was sold at an average price of $42.57, for a total value of $223,449.93. Following the completion of the transaction, the general counsel now owns 484,292 shares in the company, valued at approximately $20,616,310.44. This trade represents a 1.07 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 36,165 shares of company stock valued at $1,541,785. 26.00% of the stock is owned by corporate insiders.

Maplebear Price Performance

Shares of NASDAQ:CART traded up $0.45 on Friday, reaching $42.11. The company's stock had a trading volume of 1,167,426 shares, compared to its average volume of 4,043,146. Maplebear Inc. has a 52-week low of $29.84 and a 52-week high of $53.44. The stock has a market capitalization of $11.05 billion, a P/E ratio of 28.23, a PEG ratio of 1.19 and a beta of 1.20. The stock's 50-day moving average is $41.29 and its two-hundred day moving average is $43.55.

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

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the stock. JMP Securities reaffirmed a "market outperform" rating and set a $55.00 target price on shares of Maplebear in a research note on Friday, April 11th. Bank of America upped their price objective on shares of Maplebear from $51.00 to $53.00 and gave the company a "neutral" rating in a research note on Tuesday, February 25th. Oppenheimer cut their price objective on shares of Maplebear from $65.00 to $60.00 and set an "outperform" rating for the company in a report on Wednesday, February 26th. Seaport Res Ptn upgraded Maplebear to a "strong-buy" rating in a report on Wednesday, February 12th. Finally, JPMorgan Chase & Co. cut their price target on Maplebear from $50.00 to $44.00 and set an "overweight" rating for the company in a report on Tuesday, April 8th. Twelve research analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $50.48.

Maplebear 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.