67,451 Shares in Maplebear Inc. $CART Acquired by CW Advisors LLC

CW Advisors LLC purchased a new position in Maplebear Inc. (NASDAQ:CART) during the first quarter, Holdings Channel.com reports. The fund purchased 67,451 shares of the company’s stock, valued at approximately $2,691,000.

A number of other hedge funds also recently modified their holdings of CART. Victory Capital Management Inc. raised its holdings in shares of Maplebear by 62.8% in the 1st quarter. Victory Capital Management Inc. now owns 7,368,232 shares of the company’s stock worth $293,919,000 after purchasing an additional 2,841,559 shares during the period. Altimeter Capital Management LP bought a new stake in shares of Maplebear in the 4th quarter worth approximately $105,108,000. Jacobs Levy Equity Management Inc. raised its holdings in shares of Maplebear by 85.0% in the 4th quarter. Jacobs Levy Equity Management Inc. now owns 3,081,847 shares of the company’s stock worth $127,650,000 after purchasing an additional 1,416,426 shares during the period. Westfield Capital Management Co. LP bought a new stake in shares of Maplebear in the 1st quarter worth approximately $48,639,000. Finally, Invesco Ltd. raised its holdings in shares of Maplebear by 82.5% in the 1st quarter. Invesco Ltd. now owns 2,575,624 shares of the company’s stock worth $102,742,000 after purchasing an additional 1,164,702 shares during the period. Institutional investors own 63.09% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on the stock. Wall Street Zen raised shares of Maplebear from a “hold” rating to a “buy” rating in a report on Saturday, August 9th. Bank of America lifted their price target on shares of Maplebear from $53.00 to $58.00 and gave the stock a “neutral” rating in a report on Friday, August 8th. Barclays boosted their target price on shares of Maplebear from $61.00 to $65.00 and gave the company an “overweight” rating in a report on Friday, August 8th. Needham & Company LLC boosted their target price on shares of Maplebear from $56.00 to $66.00 and gave the company a “buy” rating in a report on Friday, August 8th. Finally, Sanford C. Bernstein boosted their target price on shares of Maplebear from $55.00 to $60.00 and gave the company an “outperform” rating in a report on Monday, July 21st. One analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, Maplebear presently has a consensus rating of “Moderate Buy” and a consensus price target of $55.63.

Insider Transactions at Maplebear

In other news, Director Levien Meredith A. Kopit sold 4,225 shares of the company’s stock in a transaction on Thursday, June 5th. The shares were sold at an average price of $47.45, for a total value of $200,476.25. Following the transaction, the director owned 20,829 shares of the company’s stock, valued at approximately $988,336.05. This represents a 16.86% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Grosvenor L.P. Gcm sold 4,864,272 shares of the company’s stock in a transaction on Friday, July 25th. The stock was sold at an average price of $47.75, for a total transaction of $232,268,988.00. The disclosure for this sale can be found here. In the last quarter, insiders have sold 4,975,327 shares of company stock valued at $237,736,848. Corporate insiders own 26.00% of the company’s stock.

Maplebear Price Performance

Shares of CART stock opened at $43.37 on Monday. The stock has a market capitalization of $11.43 billion, a price-to-earnings ratio of 25.07, a PEG ratio of 1.45 and a beta of 1.21. Maplebear Inc. has a 1 year low of $33.17 and a 1 year high of $53.50. The company’s fifty day simple moving average is $46.88 and its two-hundred day simple moving average is $44.57.

Maplebear (NASDAQ:CART) last released its quarterly earnings results on Thursday, August 7th. The company reported $0.41 earnings per share for the quarter, topping the consensus estimate of $0.39 by $0.02. The firm had revenue of $914.00 million for the quarter, compared to analysts’ expectations of $896.55 million. Maplebear had a net margin of 13.76% and a return on equity of 15.69%. The business’s quarterly revenue was up 11.1% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.20 earnings per share. Equities research analysts anticipate that Maplebear Inc. will post 1.43 EPS for the current year.

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.