327,986 Shares in Maplebear Inc. (NASDAQ:CART) Acquired by Robeco Institutional Asset Management B.V.

Robeco Institutional Asset Management B.V. acquired a new position in shares of Maplebear Inc. (NASDAQ:CART) in the 4th quarter, according to its most recent 13F filing with the SEC. The fund acquired 327,986 shares of the company’s stock, valued at approximately $13,585,000. Robeco Institutional Asset Management B.V. owned about 0.13% of Maplebear at the end of the most recent reporting period.

Several other institutional investors have also recently modified their holdings of CART. Pacer Advisors Inc. acquired a new position in Maplebear in the 3rd quarter valued at $158,701,000. Geode Capital Management LLC raised its holdings in Maplebear by 151.7% in the 3rd quarter. Geode Capital Management LLC now owns 2,732,738 shares of the company’s stock valued at $111,361,000 after acquiring an additional 1,647,081 shares during the last quarter. Charles Schwab Investment Management Inc. raised its holdings in Maplebear by 5,191.1% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,489,655 shares of the company’s stock valued at $60,689,000 after acquiring an additional 1,461,501 shares during the last quarter. Southpoint Capital Advisors LP raised its holdings in Maplebear by 56.3% in the 3rd quarter. Southpoint Capital Advisors LP now owns 2,500,000 shares of the company’s stock valued at $101,850,000 after acquiring an additional 900,000 shares during the last quarter. Finally, Simcoe Capital Management LLC raised its holdings in Maplebear by 216.5% in the 3rd quarter. Simcoe Capital Management LLC now owns 1,225,690 shares of the company’s stock valued at $49,935,000 after acquiring an additional 838,470 shares during the last quarter. 63.09% of the stock is currently owned by institutional investors and hedge funds.

Maplebear Stock Performance

Shares of CART stock opened at $48.28 on Friday. Maplebear Inc. has a one year low of $23.59 and a one year high of $50.01. The company’s 50-day simple moving average is $44.00 and its 200-day simple moving average is $40.53. The stock has a market capitalization of $12.40 billion, a price-to-earnings ratio of 32.40, a PEG ratio of 1.09 and a beta of 1.04.

Maplebear (NASDAQ:CART) last issued its quarterly earnings results on Tuesday, November 12th. The company reported $0.42 EPS for the quarter, topping the consensus estimate of $0.22 by $0.20. Maplebear had a net margin of 13.37% and a return on equity of 13.78%. The business had revenue of $852.00 million for the quarter, compared to analysts’ expectations of $844.03 million. During the same quarter last year, the company posted ($20.86) earnings per share. The company’s quarterly revenue was up 11.5% compared to the same quarter last year. As a group, research analysts forecast that Maplebear Inc. will post 1.42 EPS for the current year.

Insider Transactions at Maplebear

In other Maplebear news, General Counsel Morgan Fong sold 29,253 shares of the firm’s stock in a transaction dated Thursday, November 7th. The shares were sold at an average price of $48.03, for a total value of $1,405,021.59. Following the transaction, the general counsel now owns 258,406 shares of the company’s stock, valued at $12,411,240.18. This trade represents a 10.17 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CAO Alan Ramsay sold 2,247 shares of the firm’s stock in a transaction dated Wednesday, November 20th. The stock was sold at an average price of $41.06, for a total transaction of $92,261.82. Following the completion of the transaction, the chief accounting officer now directly owns 89,982 shares in the company, valued at $3,694,660.92. This represents a 2.44 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 79,808 shares of company stock valued at $3,569,808. Insiders own 36.00% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on CART. JPMorgan Chase & Co. boosted their price target on Maplebear from $47.00 to $52.00 and gave the company an “overweight” rating in a report on Wednesday, November 13th. Wells Fargo & Company assumed coverage on Maplebear in a report on Friday, January 10th. They issued an “equal weight” rating and a $47.00 price target for the company. Mizuho assumed coverage on shares of Maplebear in a research note on Tuesday, January 14th. They set an “outperform” rating and a $55.00 price objective for the company. Needham & Company LLC raised shares of Maplebear from a “hold” rating to a “buy” rating and set a $56.00 price objective for the company in a research note on Monday, January 13th. Finally, BTIG Research raised shares of Maplebear from a “neutral” rating to a “buy” rating and set a $58.00 price objective for the company in a research note on Tuesday, January 14th. Thirteen equities research analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Maplebear currently has a consensus rating of “Moderate Buy” and a consensus price target of $48.96.

Maplebear Company 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.