Lecap Asset Management Ltd. Has $3.18 Million Stock Holdings in Maplebear Inc. (NASDAQ:CART)

Lecap Asset Management Ltd. increased its position in Maplebear Inc. (NASDAQ:CART) by 112.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 76,849 shares of the company’s stock after purchasing an additional 40,612 shares during the quarter. Maplebear makes up 0.9% of Lecap Asset Management Ltd.’s portfolio, making the stock its 18th biggest position. Lecap Asset Management Ltd.’s holdings in Maplebear were worth $3,183,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in CART. CIBC Asset Management Inc boosted its stake in shares of Maplebear by 3.7% in the 3rd quarter. CIBC Asset Management Inc now owns 8,114 shares of the company’s stock valued at $331,000 after purchasing an additional 286 shares during the last quarter. Coldstream Capital Management Inc. boosted its stake in Maplebear by 1.6% in the third quarter. Coldstream Capital Management Inc. now owns 31,745 shares of the company’s stock valued at $1,294,000 after acquiring an additional 490 shares during the last quarter. Oppenheimer & Co. Inc. grew its holdings in Maplebear by 5.1% during the 3rd quarter. Oppenheimer & Co. Inc. now owns 12,090 shares of the company’s stock worth $493,000 after acquiring an additional 584 shares during the period. Pier Capital LLC raised its position in shares of Maplebear by 0.4% during the 3rd quarter. Pier Capital LLC now owns 151,604 shares of the company’s stock valued at $6,176,000 after acquiring an additional 616 shares during the last quarter. Finally, Wilmington Savings Fund Society FSB acquired a new position in shares of Maplebear in the 3rd quarter valued at $33,000. 63.09% of the stock is owned by institutional investors.

Insider Buying and Selling at Maplebear

In related news, CEO Fidji Simo sold 20,750 shares of the firm’s stock in a transaction dated Wednesday, December 18th. The shares were sold at an average price of $42.74, for a total value of $886,855.00. Following the completion of the sale, the chief executive officer now directly owns 1,771,993 shares in the company, valued at approximately $75,734,980.82. This trade represents a 1.16 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CAO Alan Ramsay sold 2,314 shares of Maplebear stock in a transaction dated Tuesday, January 21st. The stock was sold at an average price of $46.28, for a total value of $107,091.92. Following the transaction, the chief accounting officer now owns 85,421 shares of the company’s stock, valued at $3,953,283.88. The trade was a 2.64 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 50,555 shares of company stock worth $2,164,787 over the last ninety days. 36.00% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

CART has been the subject of a number of analyst reports. Stifel Nicolaus lifted their price objective on Maplebear from $52.00 to $55.00 and gave the stock a “buy” rating in a research note on Monday, October 28th. BMO Capital Markets upped their price target on Maplebear from $39.00 to $48.00 and gave the company a “market perform” rating in a research note on Wednesday, November 13th. BTIG Research raised shares of Maplebear from a “neutral” rating to a “buy” rating and set a $58.00 price objective on the stock in a research note on Tuesday, January 14th. Morgan Stanley boosted their price objective on shares of Maplebear from $41.00 to $44.00 and gave the company an “equal weight” rating in a report on Monday, January 13th. Finally, Jefferies Financial Group initiated coverage on shares of Maplebear in a report on Wednesday, October 16th. They issued a “hold” rating and a $43.00 target price on the stock. Thirteen equities 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 company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $48.96.

Maplebear Trading Up 0.2 %

Maplebear stock opened at $48.59 on Friday. The company has a fifty day simple moving average of $44.50 and a 200 day simple moving average of $40.99. Maplebear Inc. has a 1-year low of $24.04 and a 1-year high of $50.11. The company has a market cap of $12.48 billion, a P/E ratio of 32.61, a price-to-earnings-growth ratio of 1.09 and a beta of 1.07.

Maplebear (NASDAQ:CART) last announced its quarterly earnings data on Tuesday, November 12th. The company reported $0.42 earnings per share for the quarter, beating the consensus estimate of $0.22 by $0.20. Maplebear had a return on equity of 13.78% and a net margin of 13.37%. The company had revenue of $852.00 million during the quarter, compared to analysts’ expectations of $844.03 million. During the same quarter last year, the company earned ($20.86) EPS. Maplebear’s revenue for the quarter was up 11.5% compared to the same quarter last year. On average, equities research analysts forecast that Maplebear Inc. will post 1.43 EPS for the current year.

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.