4,694 Shares in Maplebear Inc. (NASDAQ:CART) Purchased by International Assets Investment Management LLC

International Assets Investment Management LLC purchased a new stake in Maplebear Inc. (NASDAQ:CART) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 4,694 shares of the company’s stock, valued at approximately $110,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Signaturefd LLC acquired a new position in Maplebear during the third quarter worth $30,000. Jump Financial LLC acquired a new stake in Maplebear in the 3rd quarter valued at about $245,000. Alberta Investment Management Corp bought a new position in Maplebear during the third quarter worth about $252,000. EFG Asset Management North America Corp. acquired a new position in Maplebear during the third quarter worth approximately $270,000. Finally, Seven Grand Managers LLC bought a new stake in Maplebear in the third quarter valued at approximately $297,000. Institutional investors own 63.09% of the company’s stock.

Wall Street Analysts Forecast Growth

CART has been the subject of several research analyst reports. Needham & Company LLC reiterated a “hold” rating on shares of Maplebear in a research note on Tuesday, April 23rd. Oppenheimer raised their target price on shares of Maplebear from $36.00 to $48.00 and gave the stock an “outperform” rating in a research note on Monday. Piper Sandler upped their price target on shares of Maplebear from $36.00 to $45.00 and gave the company an “overweight” rating in a research note on Friday, March 15th. Loop Capital began coverage on Maplebear in a report on Friday, April 19th. They set a “buy” rating and a $46.00 price objective for the company. Finally, Benchmark lowered Maplebear from a “buy” rating to a “hold” rating in a research note on Tuesday, January 23rd. Ten equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $38.79.

Maplebear Stock Down 0.6 %

Shares of Maplebear stock opened at $34.48 on Tuesday. The company has a 50 day moving average of $35.33 and a 200-day moving average of $28.62. Maplebear Inc. has a 1-year low of $22.13 and a 1-year high of $42.95.

Maplebear (NASDAQ:CART) last released its earnings results on Tuesday, February 13th. The company reported $0.44 earnings per share for the quarter, topping the consensus estimate of ($0.08) by $0.52. The business had revenue of $803.00 million for the quarter, compared to the consensus estimate of $804.62 million. The business’s revenue was up 6.1% compared to the same quarter last year. As a group, equities analysts forecast that Maplebear Inc. will post 0.53 earnings per share for the current year.

Insider Transactions at Maplebear

In other news, CEO Fidji Simo sold 82,461 shares of the company’s stock in a transaction on Wednesday, March 20th. The shares were sold at an average price of $38.07, for a total transaction of $3,139,290.27. Following the completion of the transaction, the chief executive officer now directly owns 926,654 shares in the company, valued at $35,277,717.78. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other Maplebear news, CEO Fidji Simo sold 82,461 shares of the company’s stock in a transaction that occurred on Wednesday, March 20th. The shares were sold at an average price of $38.07, for a total value of $3,139,290.27. Following the completion of the transaction, the chief executive officer now directly owns 926,654 shares in the company, valued at approximately $35,277,717.78. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, General Counsel Morgan Fong sold 18,687 shares of Maplebear stock in a transaction dated Monday, April 22nd. The stock was sold at an average price of $34.86, for a total value of $651,428.82. Following the transaction, the general counsel now directly owns 418,973 shares in the company, valued at $14,605,398.78. The disclosure for this sale can be found here. Over the last 90 days, insiders purchased 2,157,745 shares of company stock valued at $61,771,955 and sold 1,027,279 shares valued at $29,422,416. Company insiders own 4.02% of the company’s stock.

About Maplebear

Maplebear Inc, doing business as Instacart, provides online grocery shopping services to households in North America. It sells and delivers grocery products. The company offers its services through a mobile application and website. It also provides software-as-a-service solutions to retailers. The company was incorporated in 2012 and is based in San Francisco, California.