Maplebear Inc. (NASDAQ:CART) Shares Acquired by Wilmington Savings Fund Society FSB

Wilmington Savings Fund Society FSB lifted its position in shares of Maplebear Inc. (NASDAQ:CART) by 120.2% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,795 shares of the company’s stock after acquiring an additional 980 shares during the period. Wilmington Savings Fund Society FSB’s holdings in Maplebear were worth $74,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in CART. Huntington National Bank acquired a new stake in shares of Maplebear during the 3rd quarter valued at approximately $54,000. Mirae Asset Global Investments Co. Ltd. bought a new position in Maplebear during the 3rd quarter worth $74,000. KBC Group NV grew its stake in Maplebear by 56.5% during the 4th quarter. KBC Group NV now owns 3,808 shares of the company’s stock worth $158,000 after buying an additional 1,374 shares during the last quarter. Williams & Novak LLC bought a new position in Maplebear during the 4th quarter worth $208,000. Finally, Vinva Investment Management Ltd bought a new position in Maplebear during the 3rd quarter worth $212,000. 63.09% of the stock is owned by institutional investors and hedge funds.

Maplebear Trading Down 0.5 %

Shares of Maplebear stock opened at $49.99 on Friday. The stock has a 50-day moving average price of $44.96 and a 200 day moving average price of $41.46. The company has a market cap of $12.84 billion, a P/E ratio of 33.55, a P/E/G ratio of 1.09 and a beta of 1.07. Maplebear Inc. has a 1 year low of $24.52 and a 1 year high of $50.91.

Maplebear (NASDAQ:CART) last announced its quarterly earnings data on Tuesday, November 12th. The company reported $0.42 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.22 by $0.20. The firm had revenue of $852.00 million during the quarter, compared to the consensus estimate of $844.03 million. Maplebear had a return on equity of 13.78% and a net margin of 13.37%. The business’s revenue for the quarter was up 11.5% on a year-over-year basis. During the same period in the prior year, the business earned ($20.86) EPS. On average, equities analysts forecast that Maplebear Inc. will post 1.43 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Maplebear news, CAO Alan Ramsay sold 2,247 shares of the company’s stock in a transaction dated Wednesday, November 20th. The stock was sold at an average price of $41.06, for a total value of $92,261.82. Following the transaction, the chief accounting officer now directly owns 89,982 shares of the company’s stock, valued at $3,694,660.92. This represents a 2.44 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Fidji Simo sold 20,750 shares of the company’s stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $42.97, for a total value of $891,627.50. Following the completion of the transaction, the chief executive officer now directly owns 1,804,243 shares in the company, valued at approximately $77,528,321.71. The trade was a 1.14 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 50,555 shares of company stock valued at $2,164,787. Corporate insiders own 36.00% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently commented on the company. JPMorgan Chase & Co. upped their price objective on Maplebear from $47.00 to $52.00 and gave the stock an “overweight” rating in a research note on Wednesday, November 13th. Stifel Nicolaus upped their price objective on Maplebear from $52.00 to $55.00 and gave the stock a “buy” rating in a research note on Monday, October 28th. BTIG Research raised Maplebear from a “neutral” rating to a “buy” rating and set a $58.00 price target for the company in a research note on Tuesday, January 14th. Morgan Stanley increased their price target on Maplebear from $41.00 to $44.00 and gave the stock an “equal weight” rating in a research note on Monday, January 13th. Finally, Barclays increased their price target on Maplebear from $48.00 to $56.00 and gave the stock an “overweight” rating in a research note on Wednesday, November 13th. Thirteen investment analysts have rated the stock with a hold rating, fifteen have issued a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat.com, Maplebear currently has an average rating of “Moderate Buy” and a consensus target price of $48.96.

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.