Liontrust Investment Partners LLP Acquires Shares of 236,764 Maplebear Inc. $CART

Liontrust Investment Partners LLP bought a new position in shares of Maplebear Inc. (NASDAQ:CART) during the third quarter, according to its most recent filing with the SEC. The fund bought 236,764 shares of the company’s stock, valued at approximately $8,703,000. Liontrust Investment Partners LLP owned 0.09% of Maplebear at the end of the most recent reporting period.

Other institutional investors also recently added to or reduced their stakes in the company. Hantz Financial Services Inc. raised its position in Maplebear by 78.6% in the third quarter. Hantz Financial Services Inc. now owns 884 shares of the company’s stock worth $32,000 after acquiring an additional 389 shares during the period. Sunbelt Securities Inc. grew its position in shares of Maplebear by 212.7% during the 3rd quarter. Sunbelt Securities Inc. now owns 1,157 shares of the company’s stock valued at $43,000 after acquiring an additional 787 shares during the period. Abich Financial Wealth Management LLC purchased a new stake in shares of Maplebear during the 3rd quarter worth approximately $43,000. Elevation Point Wealth Partners LLC purchased a new stake in shares of Maplebear during the 2nd quarter worth approximately $53,000. Finally, CWM LLC raised its holdings in shares of Maplebear by 42.2% in the 3rd quarter. CWM LLC now owns 1,634 shares of the company’s stock worth $60,000 after purchasing an additional 485 shares during the period. Institutional investors own 63.09% of the company’s stock.

Maplebear Price Performance

Maplebear stock opened at $38.17 on Wednesday. The firm has a market capitalization of $9.18 billion, a P/E ratio of 24.01, a PEG ratio of 0.59 and a beta of 0.98. Maplebear Inc. has a one year low of $32.73 and a one year high of $53.50. The business has a fifty day moving average price of $37.77 and a 200-day moving average price of $40.38.

Insider Buying and Selling

In other Maplebear news, General Counsel Morgan Fong sold 126,083 shares of Maplebear stock in a transaction dated Wednesday, March 11th. The stock was sold at an average price of $37.09, for a total transaction of $4,676,418.47. Following the completion of the transaction, the general counsel owned 386,643 shares of the company’s stock, valued at $14,340,588.87. The trade was a 24.59% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 26.00% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on CART. Cantor Fitzgerald increased their price objective on Maplebear from $45.00 to $54.00 and gave the company an “overweight” rating in a report on Thursday, January 8th. Stifel Nicolaus lowered their target price on Maplebear from $49.00 to $46.00 and set a “buy” rating on the stock in a research note on Tuesday, January 27th. Wall Street Zen raised Maplebear from a “hold” rating to a “buy” rating in a research report on Saturday, February 14th. BNP Paribas Exane initiated coverage on Maplebear in a research note on Wednesday, January 14th. They set an “underperform” rating and a $41.00 price target for the company. Finally, Needham & Company LLC lifted their price objective on Maplebear from $50.00 to $55.00 and gave the stock a “buy” rating in a report on Friday, February 13th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, eleven have assigned a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, Maplebear has a consensus rating of “Hold” and an average price target of $51.04.

Maplebear Company Profile

Maplebear, Inc, doing business as Instacart, operates a leading online grocery and essentials marketplace that connects consumers, retail partners and personal shoppers through its digital platform. The company enables customers to order groceries, household items and specialty products for same-day or scheduled delivery, as well as in-store pickup. By integrating its technology with retailers’ existing inventory and point-of-sale systems, Maplebear streamlines the shopping experience and provides real-time availability and pricing.

Founded in 2012 and headquartered in San Francisco, Maplebear has grown from a regional startup to a publicly traded company listed on NASDAQ under the ticker CART.