Robeco Institutional Asset Management B.V. Purchases Shares of 327,986 Maplebear Inc. (NASDAQ:CART)

Robeco Institutional Asset Management B.V. purchased a new stake in Maplebear Inc. (NASDAQ:CART) during the 4th quarter, Holdings Channel reports. The firm purchased 327,986 shares of the company’s stock, valued at approximately $13,585,000.

Several other large investors also recently made changes to their positions in the company. Pacer Advisors Inc. acquired a new stake in shares of Maplebear in the third quarter valued at approximately $158,701,000. Geode Capital Management LLC increased its stake in shares of Maplebear by 151.7% in the third quarter. Geode Capital Management LLC now owns 2,732,738 shares of the company’s stock valued at $111,361,000 after purchasing an additional 1,647,081 shares during the period. Maverick Capital Ltd. increased its stake in shares of Maplebear by 19.7% in the third quarter. Maverick Capital Ltd. now owns 2,684,425 shares of the company’s stock valued at $109,363,000 after purchasing an additional 441,156 shares during the period. State Street Corp increased its stake in shares of Maplebear by 48.3% in the third quarter. State Street Corp now owns 2,552,617 shares of the company’s stock valued at $103,994,000 after purchasing an additional 831,795 shares during the period. Finally, Southpoint Capital Advisors LP increased its stake in shares of Maplebear by 56.3% in the third quarter. Southpoint Capital Advisors LP now owns 2,500,000 shares of the company’s stock valued at $101,850,000 after purchasing an additional 900,000 shares during the period. Institutional investors and hedge funds own 63.09% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently commented on CART shares. BMO Capital Markets raised their price objective on shares of Maplebear from $39.00 to $48.00 and gave the company a “market perform” rating in a research note on Wednesday, November 13th. Barclays raised their price objective on shares of Maplebear from $48.00 to $56.00 and gave the company an “overweight” rating in a research note on Wednesday, November 13th. Mizuho started coverage on shares of Maplebear in a research note on Tuesday, January 14th. They set an “outperform” rating and a $55.00 price objective on the stock. Cantor Fitzgerald reiterated an “overweight” rating and set a $45.00 price objective on shares of Maplebear in a research note on Monday, October 7th. Finally, Morgan Stanley raised their price objective on shares of Maplebear from $41.00 to $44.00 and gave the company an “equal weight” rating in a research note on Monday, January 13th. Thirteen equities research analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $48.96.

Maplebear Stock Down 1.3 %

Shares of NASDAQ:CART opened at $48.28 on Friday. The firm has a fifty day moving average of $44.00 and a two-hundred day moving average of $40.53. The firm has a market capitalization of $12.40 billion, a P/E ratio of 32.40, a price-to-earnings-growth ratio of 1.09 and a beta of 1.04. Maplebear Inc. has a 12-month low of $23.59 and a 12-month high of $50.01.

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

Insider Buying and Selling at Maplebear

In other news, General Counsel Morgan Fong sold 29,253 shares of the firm’s stock in a transaction on Thursday, November 7th. The shares were 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. This trade represents a 10.17 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Fidji Simo sold 20,750 shares of the firm’s stock in a transaction on Monday, November 25th. The shares were sold at an average price of $42.97, for a total transaction of $891,627.50. Following the transaction, the chief executive officer now owns 1,804,243 shares in the company, valued at $77,528,321.71. This represents a 1.14 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 79,808 shares of company stock valued at $3,569,808 in the last quarter. Company insiders own 36.00% of the company’s stock.

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.