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2 weeks Ago By ABMN Staff
CreativeOne Wealth LLC purchased a new position in shares of Maplebear Inc. ( NASDAQ:CART – Free Report ) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 5,424 shares of the company’s stock, valued at approximately $225,000.
A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Jones Financial Companies Lllp boosted its stake in Maplebear by 46.6% during the fourth quarter.
Jones Financial Companies Lllp now owns 698 shares of the company’s stock worth $29,000 after buying an additional 222 shares during the period. Wilmington Savings Fund Society FSB acquired a new stake in Maplebear in the 3rd quarter valued at approximately $33,000. Allworth Financial LP raised its position 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. Cullen Frost Bankers Inc.
purchased a new stake in Maplebear in the fourth quarter valued at approximately $62,000. Finally, PNC Financial Services Group Inc. lifted its stake in Maplebear by 243.
3% during the fourth quarter. PNC Financial Services Group Inc. now owns 3,399 shares of the company’s stock worth $141,000 after purchasing an additional 2,409 shares in the last quarter.
63.09% of the stock is owned by institutional investors and hedge funds. Maplebear Stock Up 2.
2 % CART opened at $42.99 on Monday. Maplebear Inc.
has a 52 week low of $29.84 and a 52 week high of $53.44.
The business’s 50 day moving average is $41.98 and its two-hundred day moving average is $43.56.
The firm has a market cap of $11.29 billion, a price-to-earnings ratio of 28.85, a price-to-earnings-growth ratio of 1.
19 and a beta of 1.20. Insider Transactions at Maplebear In other news, CAO Alan Ramsay sold 2,314 shares of the company’s stock in a transaction that occurred on Tuesday, January 21st.
The stock was sold at an average price of $46.28, for a total transaction of $107,091.92.
Following the completion of the sale, the chief accounting officer now owns 85,421 shares in the company, valued at $3,953,283.88. This represents a 2.
64 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link . Also, CEO Fidji Simo sold 2,033 shares of Maplebear stock in a transaction on Monday, March 17th.
The shares were sold at an average price of $40.00, for a total transaction of $81,320.00.
Following the completion of the transaction, the chief executive officer now owns 1,654,559 shares in the company, valued at approximately $66,182,360. This trade represents a 0.12 % decrease in their ownership of the stock.
The disclosure for this sale can be found here . Over the last quarter, insiders sold 33,230 shares of company stock worth $1,425,427. Company insiders own 36.
00% of the company’s stock. Analysts Set New Price Targets Several equities research analysts recently issued reports on the company. Seaport Res Ptn upgraded Maplebear to a “strong-buy” rating in a report on Wednesday, February 12th.
Stifel Nicolaus boosted their price target on shares of Maplebear from $56.00 to $57.00 and gave the stock a “buy” rating in a research note on Wednesday, February 26th.
Benchmark reissued a “hold” rating on shares of Maplebear in a research report on Wednesday, February 26th. Cantor Fitzgerald restated an “overweight” rating and issued a $55.00 price objective on shares of Maplebear in a report on Wednesday, February 26th.
Finally, FBN Securities initiated coverage on shares of Maplebear in a report on Friday, March 28th. They set a “sector perform” rating and a $44.00 target price on the stock.
Twelve research analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, Maplebear currently has an average rating of “Moderate Buy” and an average target price of $50.
61. Get Our Latest Stock Report on Maplebear Maplebear Company 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.
It also operates virtual convenience stores; and provides software-as-a-service solutions to retailers. Further Reading Want to see what other hedge funds are holding CART? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Maplebear Inc.
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