Parallel Advisors LLC Cuts Position in Maplebear Inc. $CART

Parallel Advisors LLC reduced its position in Maplebear Inc. (NASDAQ:CART) by 69.8% during the 1st quarter, HoldingsChannel.com reports. The firm owned 9,392 shares of the company’s stock after selling 21,711 shares during the quarter. Parallel Advisors LLC’s holdings in Maplebear were worth $352,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the company. Liontrust Investment Partners LLP raised its holdings in Maplebear by 40.5% in the first quarter. Liontrust Investment Partners LLP now owns 219,822 shares of the company’s stock valued at $8,235,000 after buying an additional 63,415 shares during the period. Bank of America Corp DE grew its stake in Maplebear by 16.5% during the first quarter. Bank of America Corp DE now owns 1,562,097 shares of the company’s stock worth $58,516,000 after buying an additional 221,036 shares during the period. California State Teachers Retirement System increased its position in shares of Maplebear by 23.4% in the first quarter. California State Teachers Retirement System now owns 198,552 shares of the company’s stock worth $7,438,000 after acquiring an additional 37,640 shares in the last quarter. Empowered Funds LLC increased its position in shares of Maplebear by 127.9% in the first quarter. Empowered Funds LLC now owns 105,193 shares of the company’s stock worth $3,941,000 after acquiring an additional 59,039 shares in the last quarter. Finally, Quantinno Capital Management LP raised its stake in shares of Maplebear by 27.7% in the 1st quarter. Quantinno Capital Management LP now owns 190,090 shares of the company’s stock valued at $7,121,000 after acquiring an additional 41,213 shares during the period. Hedge funds and other institutional investors own 63.09% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently weighed in on CART. Citigroup lifted their target price on shares of Maplebear from $50.00 to $58.00 and gave the company a “buy” rating in a report on Monday. Guggenheim increased their price target on Maplebear from $44.00 to $46.00 and gave the company a “neutral” rating in a report on Friday, August 7th. Barclays raised their price objective on Maplebear from $69.00 to $77.00 and gave the company an “overweight” rating in a research report on Friday, August 7th. Benchmark upped their target price on Maplebear from $55.00 to $63.00 and gave the stock a “buy” rating in a research report on Friday, August 7th. Finally, Cantor Fitzgerald increased their target price on Maplebear from $56.00 to $63.00 and gave the company an “overweight” rating in a research note on Friday, August 7th. One research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and nine have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $55.52.

Insiders Place Their Bets

In other Maplebear news, Director Ravi Gupta sold 181,000 shares of the company’s stock in a transaction dated Tuesday, June 2nd. The shares were sold at an average price of $41.51, for a total value of $7,513,310.00. Following the completion of the transaction, the director directly owned 741,523 shares of the company’s stock, valued at $30,780,619.73. This represents a 19.62% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 24.00% of the stock is currently owned by insiders.

Maplebear Trading Down 2.3%

NASDAQ CART opened at $49.39 on Wednesday. The stock has a market cap of $11.61 billion, a P/E ratio of 26.99, a PEG ratio of 0.74 and a beta of 0.78. The company’s fifty day simple moving average is $45.31 and its 200-day simple moving average is $41.06. Maplebear Inc. has a 52 week low of $32.73 and a 52 week high of $51.89.

Maplebear (NASDAQ:CART) last released its quarterly earnings results on Thursday, August 6th. The company reported $0.45 earnings per share for the quarter, missing analysts’ consensus estimates of $0.54 by ($0.09). Maplebear had a net margin of 11.97% and a return on equity of 20.19%. The firm had revenue of $1.04 billion for the quarter, compared to analyst estimates of $1.03 billion. During the same period in the previous year, the business posted $0.41 earnings per share. Maplebear’s revenue for the quarter was up 14.1% on a year-over-year basis. On average, research analysts expect that Maplebear Inc. will post 2.35 EPS for the current fiscal year.

Trending Headlines about Maplebear

Here are the key news stories impacting Maplebear this week:

• Positive Sentiment: Citigroup raised its price target for Maplebear from $50 to $58 and maintained a “Buy” rating, implying roughly 17% upside from the referenced trading level. Benzinga analyst action
• Positive Sentiment: Analysts continue to view CART favorably, with the stock receiving a consensus “Moderate Buy” recommendation. Maplebear consensus recommendation
• Positive Sentiment: Several firms raised their price targets, with published targets of $54, $62, $63, $65 and $77. BNP Paribas Exane also upgraded the shares, signaling improving analyst sentiment and expectations for additional appreciation. Maplebear price target raised to $54 Maplebear price target raised to $62 Maplebear price target raised to $63 Maplebear price target raised to $65 Maplebear price target raised to $77 BNP Paribas Exane upgrade
• Positive Sentiment: Instacart expanded its marketplace partnership with Academy Sports + Outdoors, adding same-day delivery of sporting goods, outdoor equipment, apparel and private-label products. The agreement could broaden order volume and customer engagement, though financial terms were not disclosed. Instacart and Academy Sports partnership
• Neutral Sentiment: Reported short interest was zero shares versus zero previously, producing an invalid “NaN” change and a zero-day short-interest ratio. The data appears unreliable and provides no meaningful signal about short-selling pressure.
• Negative Sentiment: Maplebear’s most recent quarterly earnings missed analyst expectations on earnings per share despite revenue exceeding forecasts. That miss, alongside a valuation near recent highs, may be limiting the stock’s response to the positive analyst actions.

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.