Bank of Montreal Can Trims Stock Holdings in Maplebear Inc. (NASDAQ:CART)

Bank of Montreal Can lessened its holdings in Maplebear Inc. (NASDAQ:CART – Free Report) by 92.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission.

The firm owned 7,765 shares of the company’s stock after selling 92,591 shares during the quarter. Bank of Montreal Can’s holdings in Maplebear were worth $322,000 at the end of the most recent reporting period. Other large investors have also made changes to their positions in the company.



Jones Financial Companies Lllp grew its stake in shares of Maplebear by 46.6% during the 4th quarter. Jones Financial Companies Lllp now owns 698 shares of the company’s stock worth $29,000 after purchasing an additional 222 shares during the period.

Allworth Financial LP grew its holdings in Maplebear by 101.4% in the fourth quarter. Allworth Financial LP now owns 834 shares of the company’s stock valued at $37,000 after purchasing an additional 420 shares during the period.

CIBC Asset Management Inc raised its stake in shares of Maplebear by 5.4% during the 4th quarter. CIBC Asset Management Inc now owns 8,554 shares of the company’s stock worth $354,000 after buying an additional 440 shares during the period.

Wilmington Savings Fund Society FSB acquired a new stake in Maplebear in the 3rd quarter valued at $33,000. Finally, Adero Partners LLC lifted its holdings in Maplebear by 7.4% during the fourth quarter.

Adero Partners LLC now owns 12,019 shares of the company’s stock valued at $498,000 after purchasing an additional 828 shares in the last quarter. 63.09% of the stock is owned by hedge funds and other institutional investors.

Maplebear Stock Down 0.8 %Shares of NASDAQ:CART opened at $42.01 on Thursday.

Maplebear Inc. has a fifty-two week low of $29.84 and a fifty-two week high of $53.

44. The firm’s 50-day simple moving average is $41.48 and its 200-day simple moving average is $43.

55. The company has a market cap of $11.03 billion, a price-to-earnings ratio of 28.

19, a PEG ratio of 1.19 and a beta of 1.20.

Maplebear (NASDAQ:CART – Get Free Report) last announced its quarterly earnings data on Tuesday, February 25th. The company reported $0.53 EPS for the quarter, beating the consensus estimate of $0.

37 by $0.16. Maplebear had a net margin of 13.

37% and a return on equity of 13.78%. The firm had revenue of $883.

00 million during the quarter, compared to analysts’ expectations of $889.98 million. On average, research analysts forecast that Maplebear Inc.

will post 1.43 EPS for the current year. Insider ActivityIn other Maplebear news, General Counsel Morgan Fong sold 5,249 shares of the business’s stock in a transaction on Monday, April 21st.

The stock was sold at an average price of $42.57, for a total value of $223,449.93.

Following the completion of the transaction, the general counsel now directly owns 484,292 shares in the company, valued at approximately $20,616,310.44. The trade was a 1.

07 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Fidji Simo sold 20,750 shares of the firm’s stock in a transaction dated Wednesday, February 26th.

The stock was sold at an average price of $43.31, for a total value of $898,682.50.

Following the completion of the sale, the chief executive officer now directly owns 1,662,692 shares in the company, valued at approximately $72,011,190.52. The trade was a 1.

23 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 36,165 shares of company stock worth $1,541,785 over the last ninety days.

26.00% of the stock is currently owned by insiders. Analyst Ratings ChangesA number of brokerages recently weighed in on CART.

FBN Securities assumed coverage on shares of Maplebear in a research note on Friday, March 28th. They issued a “sector perform” rating and a $44.00 price target on the stock.

Wells Fargo & Company reduced their target price on shares of Maplebear from $47.00 to $44.00 and set an “equal weight” rating for the company in a research report on Thursday, April 3rd.

BMO Capital Markets raised their target price on shares of Maplebear from $48.00 to $49.00 and gave the stock a “market perform” rating in a research note on Wednesday, February 26th.

Loop Capital dropped their target price on Maplebear from $56.00 to $52.00 and set a “buy” rating for the company in a report on Thursday, March 6th.

Finally, Barclays raised their price objective on shares of Maplebear from $56.00 to $58.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 26th.

Twelve analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $50.

48.Read Our Latest Research Report on CARTMaplebear Profile (Free Report)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.

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