WINTON GROUP Ltd raised its position in shares of Maplebear Inc. (NASDAQ:CART – Free Report) by 79.5% in the fourth quarter, HoldingsChannel reports. The fund owned 144,698 shares of the company’s stock after acquiring an additional 64,065 shares during the period. WINTON GROUP Ltd’s holdings in Maplebear were worth $6,509,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors also recently made changes to their positions in the company. JPMorgan Chase & Co. boosted its holdings in shares of Maplebear by 27.8% during the third quarter. JPMorgan Chase & Co. now owns 1,328,968 shares of the company’s stock worth $48,853,000 after acquiring an additional 288,839 shares during the period. Kingdon Capital Management L.L.C. boosted its holdings in shares of Maplebear by 40.6% during the third quarter. Kingdon Capital Management L.L.C. now owns 450,000 shares of the company’s stock worth $16,542,000 after acquiring an additional 130,000 shares during the period. US Bancorp DE boosted its holdings in shares of Maplebear by 17.0% during the fourth quarter. US Bancorp DE now owns 437,658 shares of the company’s stock worth $19,686,000 after acquiring an additional 63,666 shares during the period. Ruffer LLP bought a new stake in shares of Maplebear during the fourth quarter worth approximately $2,567,000. Finally, Counterpoint Mutual Funds LLC bought a new stake in shares of Maplebear during the third quarter worth approximately $2,239,000. Institutional investors own 63.09% of the company’s stock.
Insider Buying and Selling at Maplebear
In other Maplebear news, Director Ravi Gupta sold 181,000 shares of the business’s stock in a transaction that occurred on Tuesday, June 2nd. The shares were sold at an average price of $41.51, for a total transaction of $7,513,310.00. Following the completion of the transaction, the director directly owned 741,523 shares in the company, valued at $30,780,619.73. The trade was a 19.62% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, General Counsel Morgan Fong sold 126,083 shares of the business’s stock in a transaction that occurred on Wednesday, March 11th. The shares were sold at an average price of $37.09, for a total transaction of $4,676,418.47. Following the transaction, the general counsel owned 386,643 shares of the company’s stock, valued at approximately $14,340,588.87. This represents a 24.59% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 325,863 shares of company stock worth $12,931,445 over the last three months. Corporate insiders own 24.00% of the company’s stock.
Analysts Set New Price Targets
View Our Latest Research Report on CART
Maplebear Trading Down 0.5%
NASDAQ CART opened at $41.26 on Friday. Maplebear Inc. has a 1-year low of $32.73 and a 1-year high of $53.50. The company has a 50 day moving average of $40.51 and a 200-day moving average of $40.23. The company has a market cap of $9.70 billion, a price-to-earnings ratio of 23.05, a PEG ratio of 0.57 and a beta of 0.88.
Maplebear (NASDAQ:CART – Get Free Report) last released its quarterly earnings results on Wednesday, May 6th. The company reported $0.57 earnings per share for the quarter, missing analysts’ consensus estimates of $0.58 by ($0.01). Maplebear had a net margin of 12.50% and a return on equity of 18.67%. The business had revenue of $1.02 billion during the quarter, compared to analyst estimates of $1.01 billion. During the same quarter in the previous year, the firm posted $0.37 earnings per share. The firm’s quarterly revenue was up 13.6% on a year-over-year basis. On average, equities research analysts forecast that Maplebear Inc. will post 2.45 earnings per share for the current year.
About Maplebear
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.
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