Maplebear Inc. $CART Shares Bought by Liontrust Investment Partners LLP

Liontrust Investment Partners LLP grew its position in shares of Maplebear Inc. (NASDAQ:CART) by 40.5% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 219,822 shares of the company’s stock after purchasing an additional 63,415 shares during the quarter. Liontrust Investment Partners LLP’s holdings in Maplebear were worth $8,235,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Royal Bank of Canada boosted its position in shares of Maplebear by 51.2% in the 1st quarter. Royal Bank of Canada now owns 131,789 shares of the company’s stock valued at $5,256,000 after purchasing an additional 44,642 shares during the period. NewEdge Advisors LLC grew its stake in Maplebear by 71.6% during the 1st quarter. NewEdge Advisors LLC now owns 1,673 shares of the company’s stock worth $67,000 after buying an additional 698 shares during the last quarter. Jones Financial Companies Lllp increased its position in Maplebear by 358.5% during the first quarter. Jones Financial Companies Lllp now owns 3,200 shares of the company’s stock worth $128,000 after buying an additional 2,502 shares during the period. Goldman Sachs Group Inc. lifted its stake in Maplebear by 17.4% in the first quarter. Goldman Sachs Group Inc. now owns 390,711 shares of the company’s stock valued at $15,585,000 after buying an additional 57,879 shares during the last quarter. Finally, Empowered Funds LLC purchased a new stake in Maplebear in the first quarter valued at approximately $268,000. 63.09% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the company. Guggenheim increased their price objective on Maplebear from $40.00 to $44.00 and gave the company a “neutral” rating in a report on Wednesday. Barclays upped their price target on shares of Maplebear from $65.00 to $69.00 and gave the company an “overweight” rating in a research report on Thursday, May 7th. Wedbush began coverage on shares of Maplebear in a research note on Thursday, July 16th. They set an “outperform” rating and a $59.00 price target for the company. Raymond James Financial raised shares of Maplebear from a “hold” rating to a “moderate buy” rating in a research report on Thursday, April 9th. Finally, Needham & Company LLC restated a “buy” rating and issued a $55.00 price objective on shares of Maplebear in a research note on Thursday, May 7th. One analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating, nine have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, Maplebear presently has an average rating of “Moderate Buy” and an average target price of $51.67.

Maplebear Trading Down 2.0%

Maplebear stock opened at $44.75 on Friday. The stock has a 50 day moving average of $44.31 and a two-hundred day moving average of $40.66. Maplebear Inc. has a twelve month low of $32.73 and a twelve month high of $53.50. The stock has a market capitalization of $10.52 billion, a price-to-earnings ratio of 25.00, a PEG ratio of 0.62 and a beta of 0.75.

Maplebear (NASDAQ:CART) last released its earnings results on Wednesday, May 6th. The company reported $0.57 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.58 by ($0.01). Maplebear had a net margin of 12.50% and a return on equity of 18.67%. The company had revenue of $1.02 billion during the quarter, compared to analyst estimates of $1.01 billion. During the same period in the previous year, the firm posted $0.37 EPS. The company’s revenue for the quarter was up 13.6% on a year-over-year basis. Equities analysts predict that Maplebear Inc. will post 2.46 earnings per share for the current year.

Insider Buying and Selling at Maplebear

In related news, Director Ravi Gupta sold 181,000 shares of Maplebear stock in a transaction on Tuesday, June 2nd. The shares were sold at an average price of $41.51, for a total value of $7,513,310.00. Following the transaction, the director directly owned 741,523 shares in the company, valued at $30,780,619.73. This trade represents a 19.62% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 24.00% of the stock is currently owned by corporate insiders.

Maplebear 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.