Maplebear Inc. (NASDAQ:CART) Shares Sold by Intellectus Partners LLC

Intellectus Partners LLC reduced its holdings in shares of Maplebear Inc. (NASDAQ:CART) by 6.3% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 25,000 shares of the company’s stock after selling 1,690 shares during the quarter. Intellectus Partners LLC’s holdings in Maplebear were worth $1,018,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in CART. Vanguard Group Inc. increased its stake in shares of Maplebear by 239.1% during the 1st quarter. Vanguard Group Inc. now owns 213,496 shares of the company’s stock worth $7,961,000 after purchasing an additional 150,544 shares in the last quarter. Assenagon Asset Management S.A. acquired a new stake in Maplebear during the 2nd quarter valued at $8,293,000. Investment House LLC purchased a new position in Maplebear during the second quarter worth $750,000. Eos Management L.P. raised its holdings in shares of Maplebear by 98.1% in the third quarter. Eos Management L.P. now owns 31,508 shares of the company’s stock worth $1,284,000 after acquiring an additional 15,600 shares during the last quarter. Finally, Diversified Trust Co lifted its position in shares of Maplebear by 141.8% in the third quarter. Diversified Trust Co now owns 24,563 shares of the company’s stock valued at $1,001,000 after acquiring an additional 14,404 shares in the last quarter. Institutional investors and hedge funds own 63.09% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently commented on CART. Stifel Nicolaus lifted their price objective on Maplebear from $52.00 to $55.00 and gave the stock a “buy” rating in a research report on Monday, October 28th. Cantor Fitzgerald reiterated an “overweight” rating and set a $45.00 price target on shares of Maplebear in a report on Monday, October 7th. Needham & Company LLC reissued a “hold” rating on shares of Maplebear in a research note on Wednesday. Benchmark reaffirmed a “hold” rating on shares of Maplebear in a research note on Wednesday, August 7th. Finally, Morgan Stanley reduced their price target on Maplebear from $45.00 to $41.00 and set an “equal weight” rating on the stock in a research note on Tuesday, September 24th. Twelve analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $47.29.

Insider Activity

In other Maplebear news, CEO Fidji Simo sold 33,000 shares of the stock in a transaction on Wednesday, August 28th. The stock was sold at an average price of $35.27, for a total value of $1,163,910.00. Following the sale, the chief executive officer now directly owns 1,844,778 shares of the company’s stock, valued at $65,065,320.06. This trade represents a 1.76 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, General Counsel Morgan Fong sold 29,253 shares of the business’s stock in a transaction on Thursday, November 7th. The shares were sold at an average price of $48.03, for a total transaction of $1,405,021.59. Following the transaction, the general counsel now directly owns 258,406 shares of the company’s stock, valued at approximately $12,411,240.18. This trade represents a 10.17 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 118,710 shares of company stock valued at $4,978,164. Company insiders own 36.00% of the company’s stock.

Maplebear Trading Down 0.2 %

Shares of CART opened at $42.93 on Friday. Maplebear Inc. has a 52 week low of $22.13 and a 52 week high of $50.01. The firm has a market cap of $11.20 billion, a price-to-earnings ratio of 28.81, a PEG ratio of 1.30 and a beta of 1.12. The stock has a 50 day moving average of $41.85 and a 200-day moving average of $36.51.

Maplebear (NASDAQ:CART) last released its quarterly earnings data on Tuesday, November 12th. The company reported $0.42 EPS for the quarter, topping analysts’ consensus estimates 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 net margin of 13.37% and a return on equity of 13.32%. The firm’s revenue was up 11.5% on a year-over-year basis. During the same quarter in the previous year, the company posted ($20.86) earnings per share. On average, sell-side analysts predict that Maplebear Inc. will post 1.2 earnings per share for the current fiscal year.

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.