Maplebear Inc. (NASDAQ:CART) Shares Purchased by Lecap Asset Management Ltd.

Lecap Asset Management Ltd. boosted its holdings in shares of Maplebear Inc. (NASDAQ:CART) by 65.3% in the third quarter, HoldingsChannel.com reports. The fund owned 36,237 shares of the company’s stock after buying an additional 14,318 shares during the quarter. Lecap Asset Management Ltd.’s holdings in Maplebear were worth $1,476,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently modified their holdings of CART. Creative Planning increased its stake in shares of Maplebear by 9.5% during the 2nd quarter. Creative Planning now owns 9,566 shares of the company’s stock worth $307,000 after purchasing an additional 831 shares in the last quarter. nVerses Capital LLC raised 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 acquiring an additional 1,600 shares during the last quarter. Exchange Traded Concepts LLC raised its holdings in shares of Maplebear by 3.2% in the third quarter. Exchange Traded Concepts LLC now owns 64,943 shares of the company’s stock worth $2,646,000 after acquiring an additional 1,993 shares during the last quarter. Great Valley Advisor Group Inc. lifted its position in shares of Maplebear by 32.1% in the second quarter. Great Valley Advisor Group Inc. now owns 10,300 shares of the company’s stock valued at $331,000 after acquiring an additional 2,500 shares in the last quarter. Finally, BBR Partners LLC boosted its stake in shares of Maplebear by 11.5% during the second quarter. BBR Partners LLC now owns 24,164 shares of the company’s stock valued at $777,000 after acquiring an additional 2,500 shares during the last quarter. Hedge funds and other institutional investors own 63.09% of the company’s stock.

Insider Transactions at Maplebear

In related news, General Counsel Morgan Fong sold 11,325 shares of Maplebear stock in a transaction on Monday, October 21st. The shares were sold at an average price of $42.97, for a total transaction of $486,635.25. Following the sale, the general counsel now owns 287,659 shares of the company’s stock, valued at $12,360,707.23. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. In related news, CAO Alan Ramsay sold 2,559 shares of the stock in a transaction dated Monday, October 21st. The stock was sold at an average price of $42.97, for a total value of $109,960.23. Following the completion of the transaction, the chief accounting officer now owns 96,666 shares of the company’s stock, valued at approximately $4,153,738.02. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, General Counsel Morgan Fong sold 11,325 shares of the firm’s stock in a transaction that occurred on Monday, October 21st. The shares were sold at an average price of $42.97, for a total value of $486,635.25. Following the sale, the general counsel now owns 287,659 shares of the company’s stock, valued at approximately $12,360,707.23. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 68,707 shares of company stock valued at $2,652,050. Corporate insiders own 36.00% of the company’s stock.

Maplebear Trading Down 0.3 %

NASDAQ:CART opened at $43.83 on Thursday. The firm’s fifty day simple moving average is $38.51 and its 200 day simple moving average is $35.55. Maplebear Inc. has a twelve month low of $22.13 and a twelve month high of $45.13. The firm has a market capitalization of $11.60 billion and a price-to-earnings ratio of -2.21.

Maplebear (NASDAQ:CART) last issued its earnings results on Tuesday, August 6th. The company reported $0.20 earnings per share for the quarter, topping the consensus estimate of $0.13 by $0.07. The company had revenue of $823.00 million during the quarter, compared to the consensus estimate of $806.35 million. Maplebear had a negative return on equity of 49.98% and a negative net margin of 52.21%. The company’s revenue was up 14.9% compared to the same quarter last year. On average, analysts predict that Maplebear Inc. will post 1.14 earnings per share for the current year.

Analyst Upgrades and Downgrades

CART has been the topic of a number of recent research reports. Citigroup upped their target price on shares of Maplebear from $44.00 to $47.00 and gave the company a “buy” rating in a report on Thursday, August 8th. Benchmark restated a “hold” rating on shares of Maplebear in a research report on Wednesday, August 7th. BMO Capital Markets lifted their target price on shares of Maplebear from $36.00 to $39.00 and gave the stock a “market perform” rating in a research note on Wednesday, August 7th. Cantor Fitzgerald reissued an “overweight” rating and set a $45.00 price target on shares of Maplebear in a research note on Monday, October 7th. Finally, KeyCorp assumed coverage on Maplebear in a research report on Thursday, July 11th. They issued a “sector weight” rating for the company. Twelve equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to MarketBeat.com, Maplebear currently has an average rating of “Moderate Buy” and an average target price of $43.10.

Maplebear 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.