Numerai GP LLC Grows Holdings in Maplebear Inc. (NASDAQ:CART)

Numerai GP LLC grew its position in Maplebear Inc. (NASDAQ:CART - Free Report) by 51.3% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 43,079 shares of the company's stock after purchasing an additional 14,611 shares during the period. Numerai GP LLC's holdings in Maplebear were worth $1,784,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also modified their holdings of the company. Victory Capital Management Inc. raised its holdings in Maplebear by 11,501.2% in the 4th quarter. Victory Capital Management Inc. now owns 4,526,673 shares of the company's stock valued at $187,495,000 after buying an additional 4,487,654 shares during the last quarter. Boston Partners bought a new position in Maplebear in the fourth quarter worth approximately $111,506,000. Altimeter Capital Management LP acquired a new stake in Maplebear during the fourth quarter worth about $105,108,000. Vanguard Group Inc. lifted its holdings in shares of Maplebear by 16.8% in the 4th quarter. Vanguard Group Inc. now owns 15,968,358 shares of the company's stock worth $661,409,000 after acquiring an additional 2,300,288 shares during the last quarter. Finally, Norges Bank purchased a new position in Maplebear during the 4th quarter worth $95,162,000. 63.09% of the stock is owned by institutional investors.

Insider Buying and Selling at Maplebear

In related news, General Counsel Morgan Fong sold 5,249 shares of the business's stock in a transaction that occurred on Monday, April 21st. The shares were sold at an average price of $42.57, for a total transaction of $223,449.93. Following the completion of the transaction, the general counsel now owns 484,292 shares in the company, valued at $20,616,310.44. The trade was a 1.07% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Fidji Simo sold 2,033 shares of the business's stock in a transaction on Monday, March 17th. The shares were sold at an average price of $40.00, for a total transaction of $81,320.00. Following the transaction, the chief executive officer now owns 1,654,559 shares of the company's stock, valued at $66,182,360. This represents a 0.12% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 36,165 shares of company stock worth $1,541,785 in the last quarter. 26.00% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on CART shares. Morgan Stanley boosted their price target on Maplebear from $44.00 to $45.00 and gave the company an "equal weight" rating in a research report on Wednesday, February 26th. Wedbush reduced their price target on shares of Maplebear from $48.00 to $46.00 and set a "neutral" rating for the company in a research report on Wednesday, February 26th. Loop Capital boosted their target price on Maplebear from $52.00 to $58.00 and gave the stock a "buy" rating in a report on Monday. Cantor Fitzgerald reissued an "overweight" rating and issued a $55.00 target price on shares of Maplebear in a research note on Wednesday, February 26th. Finally, FBN Securities began coverage on shares of Maplebear in a research note on Friday, March 28th. They issued a "sector perform" rating and a $44.00 target price on the stock. Twelve investment analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $51.30.

Maplebear Stock Performance

Shares of Maplebear stock traded down $0.16 on Monday, reaching $45.50. 668,899 shares of the company's stock were exchanged, compared to its average volume of 4,054,850. The firm's 50-day moving average is $41.16 and its two-hundred day moving average is $43.53. The company has a market capitalization of $11.95 billion, a P/E ratio of 30.56, a price-to-earnings-growth ratio of 1.19 and a beta of 1.19. Maplebear Inc. has a 52 week low of $29.84 and a 52 week high of $53.44.

Maplebear (NASDAQ:CART - Get Free Report) last announced its quarterly earnings results on Thursday, May 1st. The company reported $0.37 EPS for the quarter, missing analysts' consensus estimates of $0.38 by ($0.01). Maplebear had a return on equity of 13.78% and a net margin of 13.37%. The business 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 business earned $0.43 EPS. The business's revenue was up 9.4% compared to the same quarter last year. On average, analysts expect that Maplebear Inc. will post 1.43 EPS for the current fiscal year.

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.