Maplebear Inc. (NASDAQ:CART) Shares Bought by Arkfeld Wealth Strategies L.L.C.

Arkfeld Wealth Strategies L.L.C. boosted its holdings in shares of Maplebear Inc. (NASDAQ:CART) by 70.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 18,628 shares of the company’s stock after acquiring an additional 7,680 shares during the period. Arkfeld Wealth Strategies L.L.C.’s holdings in Maplebear were worth $829,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in CART. Janney Montgomery Scott LLC grew its holdings in shares of Maplebear by 212.1% during the fourth quarter. Janney Montgomery Scott LLC now owns 23,938 shares of the company’s stock worth $992,000 after buying an additional 16,267 shares in the last quarter. SG Americas Securities LLC purchased a new stake in shares of Maplebear during the fourth quarter worth about $1,401,000. Paragon Capital Management Ltd grew its holdings in shares of Maplebear by 33.3% during the fourth quarter. Paragon Capital Management Ltd now owns 12,740 shares of the company’s stock worth $528,000 after buying an additional 3,185 shares in the last quarter. Wealth Enhancement Advisory Services LLC purchased a new stake in shares of Maplebear during the fourth quarter worth about $1,166,000. Finally, Watts Gwilliam & Co. LLC grew its holdings in shares of Maplebear by 39.0% during the fourth quarter. Watts Gwilliam & Co. LLC now owns 7,300 shares of the company’s stock worth $313,000 after buying an additional 2,047 shares in 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 recently issued reports on CART. Loop Capital boosted their target price on shares of Maplebear from $49.00 to $56.00 and gave the company a “buy” rating in a report on Monday, December 9th. Bank of America boosted their target price on shares of Maplebear from $50.00 to $51.00 and gave the company a “neutral” rating in a report on Wednesday, November 13th. Barclays boosted their target price on shares of Maplebear from $48.00 to $56.00 and gave the company an “overweight” rating in a report on Wednesday, November 13th. Deutsche Bank Aktiengesellschaft began coverage on shares of Maplebear in a report on Tuesday, December 3rd. They issued a “hold” rating and a $37.00 target price for the company. Finally, JPMorgan Chase & Co. boosted their target price on shares of Maplebear from $47.00 to $52.00 and gave the company an “overweight” rating in a report on Wednesday, November 13th. Thirteen investment analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $48.96.

Insider Buying and Selling at Maplebear

In other news, General Counsel Morgan Fong sold 29,253 shares of Maplebear stock in a transaction on Thursday, November 7th. The stock was sold at an average price of $48.03, for a total transaction of $1,405,021.59. Following the transaction, the general counsel now owns 258,406 shares in the company, valued at approximately $12,411,240.18. The trade was a 10.17 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CAO Alan Ramsay sold 2,247 shares of the stock in a transaction dated Wednesday, November 20th. The stock was sold at an average price of $41.06, for a total value of $92,261.82. Following the completion of the sale, the chief accounting officer now directly owns 89,982 shares of the company’s stock, valued at approximately $3,694,660.92. This represents a 2.44 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 100,558 shares of company stock valued at $4,490,901. 36.00% of the stock is owned by insiders.

Maplebear Trading Up 1.2 %

Shares of NASDAQ CART opened at $45.99 on Friday. Maplebear Inc. has a twelve month low of $23.59 and a twelve month high of $50.01. The company has a market capitalization of $11.81 billion, a price-to-earnings ratio of 30.87, a PEG ratio of 1.01 and a beta of 1.04. The firm has a 50-day moving average of $43.58 and a two-hundred day moving average of $40.16.

Maplebear (NASDAQ:CART) last issued its quarterly earnings results on Tuesday, November 12th. The company reported $0.42 earnings per share for the quarter, beating analysts’ consensus estimates of $0.22 by $0.20. Maplebear had a net margin of 13.37% and a return on equity of 13.78%. The company had revenue of $852.00 million during the quarter, compared to the consensus estimate of $844.03 million. During the same period in the prior year, the company earned ($20.86) EPS. Maplebear’s revenue was up 11.5% on a year-over-year basis. As a group, research analysts predict that Maplebear Inc. will post 1.42 earnings per share for the current year.

Maplebear Company 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.