Robeco Institutional Asset Management B.V. Buys 95,028 Shares of Maplebear Inc. $CART

Robeco Institutional Asset Management B.V. lifted its stake in Maplebear Inc. (NASDAQ:CART) by 21.1% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 544,520 shares of the company’s stock after purchasing an additional 95,028 shares during the quarter. Robeco Institutional Asset Management B.V.’s holdings in Maplebear were worth $24,493,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently made changes to their positions in CART. Allworth Financial LP lifted its position in Maplebear by 35.7% in the 3rd quarter. Allworth Financial LP now owns 928 shares of the company’s stock valued at $34,000 after acquiring an additional 244 shares in the last quarter. Smartleaf Asset Management LLC lifted its position in Maplebear by 9.6% in the 2nd quarter. Smartleaf Asset Management LLC now owns 2,978 shares of the company’s stock valued at $134,000 after acquiring an additional 261 shares in the last quarter. Rafferty Asset Management LLC lifted its position in Maplebear by 2.5% in the 2nd quarter. Rafferty Asset Management LLC now owns 11,000 shares of the company’s stock valued at $498,000 after acquiring an additional 273 shares in the last quarter. Crossmark Global Holdings Inc. lifted its position in Maplebear by 5.0% in the 3rd quarter. Crossmark Global Holdings Inc. now owns 6,423 shares of the company’s stock valued at $236,000 after acquiring an additional 304 shares in the last quarter. Finally, Hantz Financial Services Inc. lifted its position in Maplebear by 78.6% in the 3rd quarter. Hantz Financial Services Inc. now owns 884 shares of the company’s stock valued at $32,000 after acquiring an additional 389 shares in the last quarter. 63.09% of the stock is owned by institutional investors.

Maplebear Trading Up 1.9%

Shares of CART opened at $39.98 on Tuesday. The firm has a market cap of $9.62 billion, a PE ratio of 25.14, a P/E/G ratio of 0.60 and a beta of 0.88. The firm has a fifty day simple moving average of $37.19 and a two-hundred day simple moving average of $39.54. Maplebear Inc. has a 1-year low of $32.73 and a 1-year high of $53.50.

Analyst Ratings Changes

Several equities analysts recently issued reports on the company. Needham & Company LLC upped their price objective on Maplebear from $50.00 to $55.00 and gave the company a “buy” rating in a research report on Friday, February 13th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Maplebear in a research report on Monday, December 29th. Jefferies Financial Group raised Maplebear from a “hold” rating to a “buy” rating and upped their price objective for the company from $38.00 to $45.00 in a research report on Monday, March 30th. Argus raised Maplebear to a “strong-buy” rating in a research report on Thursday, March 5th. Finally, Fox Advisors cut Maplebear from a “strong-buy” rating to a “hold” rating in a research report on Thursday, December 18th. One research analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, nine have given a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, Maplebear presently has a consensus rating of “Moderate Buy” and an average target price of $51.29.

Insider Buying and Selling at Maplebear

In other news, General Counsel Morgan Fong sold 126,083 shares of the company’s stock in a transaction on Wednesday, March 11th. The stock was sold at an average price of $37.09, for a total value of $4,676,418.47. Following the completion of the sale, the general counsel directly owned 386,643 shares in the company, valued at $14,340,588.87. This represents a 24.59% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CAO Lisa Blackwood-Kapral sold 9,390 shares of the company’s stock in a transaction on Monday, March 16th. The stock was sold at an average price of $38.74, for a total value of $363,768.60. Following the completion of the sale, the chief accounting officer owned 47,510 shares of the company’s stock, valued at $1,840,537.40. This trade represents a 16.50% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Corporate insiders own 26.00% of the company’s stock.

About Maplebear

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.