Wilmington Savings Fund Society FSB Has $74,000 Stake in Maplebear Inc. (NASDAQ:CART)

Wilmington Savings Fund Society FSB increased its stake in shares of Maplebear Inc. (NASDAQ:CART) by 120.2% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 1,795 shares of the company’s stock after acquiring an additional 980 shares during the period. Wilmington Savings Fund Society FSB’s holdings in Maplebear were worth $74,000 as of its most recent filing with the SEC.

A number of other hedge funds have also made changes to their positions in the stock. Pacer Advisors Inc. acquired a new position in shares of Maplebear during the 3rd quarter valued at about $158,701,000. Geode Capital Management LLC increased its holdings in shares of Maplebear by 151.7% during 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. Maverick Capital Ltd. grew its holdings in Maplebear by 19.7% in the 3rd quarter. Maverick Capital Ltd. now owns 2,684,425 shares of the company’s stock valued at $109,363,000 after buying an additional 441,156 shares during the last quarter. State Street Corp grew its holdings in Maplebear by 48.3% in the 3rd quarter. State Street Corp now owns 2,552,617 shares of the company’s stock valued at $103,994,000 after buying an additional 831,795 shares during the last quarter. Finally, Southpoint Capital Advisors LP grew 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 buying an additional 900,000 shares during the last quarter. Institutional investors and hedge funds own 63.09% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have issued reports on CART. Barclays raised their target price on Maplebear from $48.00 to $56.00 and gave the company an “overweight” rating in a report on Wednesday, November 13th. JPMorgan Chase & Co. raised their target price 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 began coverage on Maplebear in a report on Friday, January 10th. They issued an “equal weight” rating and a $47.00 target price on the stock. Stifel Nicolaus raised their target price on Maplebear from $52.00 to $55.00 and gave the company a “buy” rating in a report on Monday, October 28th. Finally, Loop Capital raised their price objective on Maplebear from $49.00 to $56.00 and gave the stock a “buy” rating in a research report on Monday, December 9th. Thirteen investment analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, Maplebear has a consensus rating of “Moderate Buy” and an average price target of $48.96.

Insider Transactions at Maplebear

In other news, CEO Fidji Simo sold 20,750 shares of the business’s stock in a transaction on Wednesday, December 18th. The stock was sold at an average price of $42.74, for a total transaction of $886,855.00. Following the completion of the sale, the chief executive officer now owns 1,771,993 shares in the company, valued at $75,734,980.82. The trade was a 1.16 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CAO Alan Ramsay sold 2,314 shares of the business’s stock in a transaction on Tuesday, January 21st. The stock was sold at an average price of $46.28, for a total value of $107,091.92. Following the sale, the chief accounting officer now owns 85,421 shares of the company’s stock, valued at approximately $3,953,283.88. The trade was a 2.64 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 50,555 shares of company stock worth $2,164,787 over the last 90 days. 36.00% of the stock is owned by insiders.

Maplebear Stock Performance

Maplebear stock opened at $49.99 on Friday. The firm has a market cap of $12.84 billion, a P/E ratio of 33.55, a P/E/G ratio of 1.09 and a beta of 1.07. The business’s fifty day moving average is $44.96 and its two-hundred day moving average is $41.46. Maplebear Inc. has a 52 week low of $24.52 and a 52 week high of $50.91.

Maplebear (NASDAQ:CART) last posted its quarterly earnings data on Tuesday, November 12th. The company reported $0.42 EPS for the quarter, topping analysts’ consensus estimates of $0.22 by $0.20. The company had revenue of $852.00 million for the quarter, compared to analyst estimates of $844.03 million. Maplebear had a return on equity of 13.78% and a net margin of 13.37%. The business’s revenue was up 11.5% on a year-over-year basis. During the same quarter in the previous year, the firm earned ($20.86) earnings per share. On average, equities research analysts predict that Maplebear Inc. will post 1.43 earnings per share 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.