Worldquant Millennium Advisors LLC Purchases 10,987 Shares of Maplebear Inc. (NASDAQ:CART)

Worldquant Millennium Advisors LLC lifted its position in shares of Maplebear Inc. (NASDAQ:CART) by 85.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 23,847 shares of the company’s stock after buying an additional 10,987 shares during the quarter. Worldquant Millennium Advisors LLC’s holdings in Maplebear were worth $988,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of the company. Vanguard Group Inc. boosted its position in Maplebear by 16.8% during the fourth quarter. Vanguard Group Inc. now owns 15,968,358 shares of the company’s stock valued at $661,409,000 after acquiring an additional 2,300,288 shares during the last quarter. T. Rowe Price Investment Management Inc. boosted its position in shares of Maplebear by 15.5% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 4,744,652 shares of the company’s stock valued at $196,524,000 after purchasing an additional 635,930 shares in the last quarter. Victory Capital Management Inc. grew its stake in Maplebear by 11,501.2% during the fourth quarter. Victory Capital Management Inc. now owns 4,526,673 shares of the company’s stock worth $187,495,000 after purchasing an additional 4,487,654 shares during the period. Jacobs Levy Equity Management Inc. grew its stake in Maplebear by 85.0% during the fourth quarter. Jacobs Levy Equity Management Inc. now owns 3,081,847 shares of the company’s stock worth $127,650,000 after purchasing an additional 1,416,426 shares during the period. Finally, Boston Partners bought a new stake in Maplebear in the fourth quarter worth approximately $111,506,000. Institutional investors own 63.09% of the company’s stock.

Insider Buying and Selling

In related news, CEO Fidji Simo sold 20,750 shares of Maplebear stock in a transaction that occurred on Wednesday, February 26th. The shares were sold at an average price of $43.31, for a total value of $898,682.50. Following the sale, the chief executive officer now owns 1,662,692 shares of the company’s stock, valued at approximately $72,011,190.52. The trade was a 1.23% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, General Counsel Morgan Fong sold 5,249 shares of the stock in a transaction on Monday, April 21st. The shares were sold at an average price of $42.57, for a total value of $223,449.93. Following the transaction, the general counsel now directly owns 484,292 shares of the company’s stock, valued at approximately $20,616,310.44. This trade represents a 1.07% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 36,165 shares of company stock valued at $1,541,785. 26.00% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several analysts have recently commented on CART shares. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $55.00 price objective on shares of Maplebear in a research report on Wednesday, February 26th. JMP Securities restated a “market outperform” rating and issued a $55.00 price target on shares of Maplebear in a report on Friday, April 11th. Morgan Stanley lifted their price target on shares of Maplebear from $44.00 to $45.00 and gave the company an “equal weight” rating in a research note on Wednesday, February 26th. Barclays increased their price objective on shares of Maplebear from $58.00 to $61.00 and gave the stock an “overweight” rating in a research report on Friday, May 2nd. Finally, Citigroup boosted their target price on Maplebear from $55.00 to $57.00 and gave the company a “buy” rating in a research report on Tuesday, May 13th. Twelve equities research analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $51.30.

Maplebear Stock Up 0.3%

Maplebear stock opened at $47.03 on Friday. Maplebear Inc. has a 52 week low of $29.84 and a 52 week high of $53.44. The company’s 50 day moving average price is $41.79 and its two-hundred day moving average price is $43.60. The stock has a market cap of $12.35 billion, a P/E ratio of 31.56, a P/E/G ratio of 1.19 and a beta of 1.19.

Maplebear (NASDAQ:CART) last posted its quarterly earnings data on Thursday, May 1st. The company reported $0.37 earnings per share for the quarter, missing the consensus estimate of $0.38 by ($0.01). The business had revenue of $897.00 million during the quarter, compared to analysts’ expectations of $896.86 million. Maplebear had a return on equity of 13.78% and a net margin of 13.37%. The firm’s revenue for the quarter was up 9.4% on a year-over-year basis. During the same period in the prior year, the firm posted $0.43 EPS. On average, equities analysts anticipate that Maplebear Inc. will post 1.43 EPS for the current year.

Maplebear 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.