Allworth Financial LP Has $37,000 Stock Position in Maplebear Inc. (NASDAQ:CART)

Allworth Financial LP boosted its position in shares of Maplebear Inc. (NASDAQ:CART) by 101.4% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 834 shares of the company’s stock after purchasing an additional 420 shares during the quarter. Allworth Financial LP’s holdings in Maplebear were worth $37,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently modified their holdings of the company. Wilmington Savings Fund Society FSB acquired a new stake in Maplebear during the 3rd quarter worth approximately $33,000. Huntington National Bank acquired a new stake in shares of Maplebear during the third quarter worth $54,000. Mirae Asset Global Investments Co. Ltd. acquired a new stake in shares of Maplebear during the third quarter worth $74,000. Newbridge Financial Services Group Inc. acquired a new stake in shares of Maplebear during the fourth quarter worth $151,000. Finally, KBC Group NV lifted its holdings in shares of Maplebear by 56.5% during the fourth quarter. KBC Group NV now owns 3,808 shares of the company’s stock worth $158,000 after buying an additional 1,374 shares in the last quarter. 63.09% of the stock is owned by institutional investors.

Insider Activity at Maplebear

In other Maplebear news, CEO Fidji Simo sold 20,750 shares of the business’s stock in a transaction that occurred on Wednesday, December 18th. The stock was sold at an average price of $42.74, for a total value of $886,855.00. Following the transaction, the chief executive officer now directly owns 1,771,993 shares of the company’s stock, valued at approximately $75,734,980.82. The trade was a 1.16 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CAO Alan Ramsay sold 2,247 shares of the business’s stock in a transaction that occurred on Friday, December 20th. The shares were sold at an average price of $42.14, for a total value of $94,688.58. Following the completion of the transaction, the chief accounting officer now directly owns 87,735 shares in the company, valued at approximately $3,697,152.90. This trade represents a 2.50 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 25,311 shares of company stock worth $1,088,636 over the last ninety days. Insiders own 36.00% of the company’s stock.

Maplebear Price Performance

Shares of CART stock opened at $48.78 on Wednesday. The business’s 50 day simple moving average is $46.46 and its 200 day simple moving average is $42.68. Maplebear Inc. has a one year low of $29.72 and a one year high of $53.44. The stock has a market capitalization of $12.53 billion, a PE ratio of 32.74, a PEG ratio of 1.19 and a beta of 1.07.

Maplebear (NASDAQ:CART) last announced its earnings results on Tuesday, February 25th. The company reported $0.53 EPS for the quarter, beating the consensus estimate of $0.37 by $0.16. Maplebear had a return on equity of 13.78% and a net margin of 13.37%. The business had revenue of $883.00 million for the quarter, compared to analysts’ expectations of $889.98 million. As a group, research analysts expect that Maplebear Inc. will post 1.43 earnings per share for the current year.

Wall Street Analyst Weigh In

CART has been the subject of a number of research reports. BMO Capital Markets lifted their target price on Maplebear from $39.00 to $48.00 and gave the stock a “market perform” rating in a report on Wednesday, November 13th. Loop Capital boosted their price target on Maplebear from $49.00 to $56.00 and gave the company a “buy” rating in a research note on Monday, December 9th. Bank of America boosted their price target on Maplebear from $51.00 to $53.00 and gave the company a “neutral” rating in a research note on Tuesday. JPMorgan Chase & Co. boosted their price target on Maplebear from $47.00 to $52.00 and gave the company an “overweight” rating in a research note on Wednesday, November 13th. Finally, Barclays boosted their price target on Maplebear from $48.00 to $56.00 and gave the company an “overweight” rating in a research note on Wednesday, November 13th. Thirteen investment analysts have rated the stock with a hold rating, fifteen have given a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat, Maplebear presently has an average rating of “Moderate Buy” and a consensus price target of $49.04.

About Maplebear

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.