Mitsubishi UFJ Trust & Banking Corp Has $6.71 Million Stock Holdings in Maplebear Inc. $CART

Mitsubishi UFJ Trust & Banking Corp lifted its stake in shares of Maplebear Inc. (NASDAQ:CART) by 20.3% during the fourth quarter, Holdings Channel reports. The firm owned 149,118 shares of the company’s stock after purchasing an additional 25,144 shares during the quarter. Mitsubishi UFJ Trust & Banking Corp’s holdings in Maplebear were worth $6,707,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in CART. Royal Bank of Canada raised its stake in Maplebear by 51.2% during 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 raised its stake in Maplebear by 71.6% during the 1st quarter. NewEdge Advisors LLC now owns 1,673 shares of the company’s stock valued at $67,000 after purchasing an additional 698 shares during the period. Jones Financial Companies Lllp raised its stake in Maplebear by 358.5% during the 1st quarter. Jones Financial Companies Lllp now owns 3,200 shares of the company’s stock valued at $128,000 after purchasing an additional 2,502 shares during the period. Goldman Sachs Group Inc. raised its stake in Maplebear by 17.4% during the 1st quarter. Goldman Sachs Group Inc. now owns 390,711 shares of the company’s stock valued at $15,585,000 after purchasing an additional 57,879 shares during the period. Finally, Empowered Funds LLC acquired a new stake in Maplebear during the 1st quarter valued at $268,000. 63.09% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Maplebear

In other Maplebear news, CAO Lisa Blackwood-Kapral sold 9,390 shares of the company’s stock in a transaction that occurred on Wednesday, April 15th. The shares were sold at an average price of $40.25, for a total value of $377,947.50. Following the transaction, the chief accounting officer owned 58,971 shares in the company, valued at approximately $2,373,582.75. This represents a 13.74% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, General Counsel Morgan Fong sold 126,083 shares of the stock in a transaction that occurred 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 transaction, the general counsel owned 386,643 shares in the company, valued at $14,340,588.87. This represents a 24.59% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders sold 144,863 shares of company stock worth $5,418,135. Company insiders own 24.00% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have issued reports on CART shares. Cantor Fitzgerald boosted their target price on shares of Maplebear from $45.00 to $54.00 and gave the company an “overweight” rating in a research note on Thursday, January 8th. Benchmark cut their target price on shares of Maplebear from $60.00 to $53.00 and set a “buy” rating on the stock in a research note on Tuesday, February 10th. Stifel Nicolaus cut their target price on shares of Maplebear from $49.00 to $46.00 and set a “buy” rating on the stock in a research note on Tuesday, January 27th. Argus raised shares of Maplebear to a “strong-buy” rating in a research note on Thursday, March 5th. Finally, Needham & Company LLC upped their price objective on shares of Maplebear from $50.00 to $55.00 and gave the company a “buy” rating in a research note on Friday, February 13th. One research analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, nine have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Maplebear currently has an average rating of “Moderate Buy” and a consensus target price of $51.29.

Maplebear Stock Performance

Maplebear stock opened at $42.19 on Friday. The firm has a market cap of $9.99 billion, a PE ratio of 26.53, a P/E/G ratio of 0.65 and a beta of 0.96. The firm’s 50 day moving average price is $38.99 and its two-hundred day moving average price is $39.86. Maplebear Inc. has a twelve month low of $32.73 and a twelve month high of $53.50.

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.