35,693 Shares in Maplebear Inc. (NASDAQ:CART) Bought by WINTON GROUP Ltd

WINTON GROUP Ltd purchased a new stake in shares of Maplebear Inc. (NASDAQ:CART) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 35,693 shares of the company’s stock, valued at approximately $1,147,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of CART. Parallel Advisors LLC grew its position in Maplebear by 139.3% during the 4th quarter. Parallel Advisors LLC now owns 1,065 shares of the company’s stock worth $25,000 after acquiring an additional 620 shares during the last quarter. nVerses Capital LLC grew its holdings in shares of Maplebear by 1,600.0% in the second quarter. nVerses Capital LLC now owns 1,700 shares of the company’s stock worth $55,000 after purchasing an additional 1,600 shares during the last quarter. Cantor Fitzgerald L. P. increased its stake in shares of Maplebear by 389.5% in the fourth quarter. Cantor Fitzgerald L. P. now owns 1,850 shares of the company’s stock worth $43,000 after buying an additional 2,489 shares during the period. Kapitalo Investimentos Ltda bought a new stake in Maplebear during the 4th quarter valued at $69,000. Finally, Amalgamated Bank purchased a new stake in Maplebear during the 4th quarter valued at $94,000. 63.09% of the stock is owned by institutional investors.

Maplebear Stock Up 1.8 %

Shares of Maplebear stock opened at $36.99 on Monday. The company has a 50-day simple moving average of $34.17 and a two-hundred day simple moving average of $34.48. Maplebear Inc. has a 52-week low of $22.13 and a 52-week high of $42.95.

Maplebear (NASDAQ:CART) last announced its quarterly earnings data on Tuesday, August 6th. The company reported $0.20 earnings per share for the quarter, topping analysts’ consensus estimates of $0.13 by $0.07. Maplebear had a negative net margin of 52.21% and a negative return on equity of 49.98%. The company had revenue of $823.00 million during the quarter, compared to analyst estimates of $806.35 million. Maplebear’s revenue was up 14.9% on a year-over-year basis. As a group, analysts anticipate that Maplebear Inc. will post 1.12 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the stock. Benchmark restated a “hold” rating on shares of Maplebear in a research report on Wednesday, August 7th. Macquarie upped their price target on Maplebear from $44.00 to $45.00 and gave the company an “outperform” rating in a research report on Thursday, August 8th. Morgan Stanley lifted their price objective on Maplebear from $43.00 to $45.00 and gave the stock an “equal weight” rating in a research report on Tuesday, July 23rd. Needham & Company LLC restated a “hold” rating on shares of Maplebear in a report on Wednesday, August 7th. Finally, KeyCorp began coverage on Maplebear in a research note on Thursday, July 11th. They issued a “sector weight” rating for the company. Eleven investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $42.81.

Insider Transactions at Maplebear

In related news, CEO Fidji Simo sold 33,000 shares of Maplebear stock in a transaction dated Wednesday, August 28th. The stock was sold at an average price of $35.27, for a total value of $1,163,910.00. Following the completion of the sale, the chief executive officer now directly owns 1,844,778 shares in the company, valued at approximately $65,065,320.06. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In related news, CEO Fidji Simo sold 33,000 shares of the stock in a transaction that occurred on Wednesday, August 28th. The shares were sold at an average price of $35.27, for a total transaction of $1,163,910.00. Following the transaction, the chief executive officer now owns 1,844,778 shares in the company, valued at $65,065,320.06. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CAO Alan Ramsay sold 2,550 shares of the stock in a transaction dated Thursday, June 20th. The shares were sold at an average price of $33.86, for a total value of $86,343.00. Following the completion of the transaction, the chief accounting officer now directly owns 110,536 shares in the company, valued at approximately $3,742,748.96. The disclosure for this sale can be found here. Insiders sold 66,110 shares of company stock worth $2,292,923 over the last quarter. 36.00% of the stock is currently owned by insiders.

Maplebear Profile

Maplebear Inc, doing business as Instacart, provides online grocery shopping services to households in North America. It sells and delivers grocery products. The company offers its services through a mobile application and website. It also provides software-as-a-service solutions to retailers. The company was incorporated in 2012 and is based in San Francisco, California.