Maplebear Inc. (NASDAQ:CART) Shares Sold by Sculptor Capital LP

Sculptor Capital LP decreased its holdings in Maplebear Inc. (NASDAQ:CART - Free Report) by 7.3% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,886,000 shares of the company's stock after selling 148,000 shares during the quarter. Maplebear accounts for about 1.0% of Sculptor Capital LP's portfolio, making the stock its 22nd largest holding. Sculptor Capital LP owned approximately 0.73% of Maplebear worth $78,118,000 at the end of the most recent quarter.

Other institutional investors have also recently modified their holdings of the company. Janney Montgomery Scott LLC raised its position in shares of Maplebear by 212.1% during the fourth quarter. Janney Montgomery Scott LLC now owns 23,938 shares of the company's stock worth $992,000 after acquiring an additional 16,267 shares during the last quarter. Cherry Creek Investment Advisors Inc. purchased a new position in shares of Maplebear during the 4th quarter valued at $235,000. US Bancorp DE boosted its position in shares of Maplebear by 22.3% in the fourth quarter. US Bancorp DE now owns 13,077 shares of the company's stock valued at $542,000 after acquiring an additional 2,387 shares during the period. Commonwealth Equity Services LLC purchased a new stake in shares of Maplebear in the 4th quarter valued at about $234,000. Finally, PNC Financial Services Group Inc. raised its holdings in shares of Maplebear by 243.3% during the 4th quarter. PNC Financial Services Group Inc. now owns 3,399 shares of the company's stock valued at $141,000 after buying an additional 2,409 shares in the last quarter. 63.09% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

CART has been the topic of a number of analyst reports. Cantor Fitzgerald reaffirmed an "overweight" rating and issued a $55.00 price target on shares of Maplebear in a research note on Wednesday, February 26th. Stifel Nicolaus decreased their price objective on Maplebear from $57.00 to $54.00 and set a "buy" rating on the stock in a research note on Wednesday, April 23rd. Macquarie restated an "outperform" rating and issued a $55.00 price target on shares of Maplebear in a research note on Tuesday, May 6th. BMO Capital Markets lifted their target price on Maplebear from $48.00 to $49.00 and gave the stock a "market perform" rating in a report on Wednesday, February 26th. Finally, Morgan Stanley boosted their price objective on Maplebear from $44.00 to $45.00 and gave the company an "equal weight" rating in a report on Wednesday, February 26th. Twelve equities research analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $51.30.

Maplebear Price Performance

Shares of NASDAQ:CART traded up $1.17 during midday trading on Tuesday, hitting $47.11. The company had a trading volume of 3,632,224 shares, compared to its average volume of 4,051,579. Maplebear Inc. has a twelve month low of $29.84 and a twelve month high of $53.44. The stock has a market cap of $12.37 billion, a price-to-earnings ratio of 31.62, a price-to-earnings-growth ratio of 1.19 and a beta of 1.19. The business's 50-day simple moving average is $41.31 and its 200-day simple moving average is $43.54.

Maplebear (NASDAQ:CART - Get Free Report) last posted its earnings results on Thursday, May 1st. The company reported $0.37 earnings per share for the quarter, missing the consensus estimate of $0.38 by ($0.01). Maplebear had a net margin of 13.37% and a return on equity of 13.78%. 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 earnings per share. The firm's revenue for the quarter was up 9.4% on a year-over-year basis. As a group, sell-side analysts forecast that Maplebear Inc. will post 1.43 EPS for the current year.

Insider Transactions at Maplebear

In other news, CEO Fidji Simo sold 2,033 shares of the stock in a transaction that occurred 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 completion of the transaction, the chief executive officer now directly owns 1,654,559 shares of the company's stock, valued at approximately $66,182,360. This represents a 0.12% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, General Counsel Morgan Fong sold 5,249 shares of the company's stock in a transaction that occurred on 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 sale, the general counsel now owns 484,292 shares in the company, valued at approximately $20,616,310.44. This represents a 1.07% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 36,165 shares of company stock valued at $1,541,785. Corporate insiders own 26.00% of the company's stock.

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.