WINTON GROUP Ltd Has $6.46 Million Stock Position in Maplebear Inc. $CART

WINTON GROUP Ltd increased its stake in shares of Maplebear Inc. (NASDAQ:CART) by 368.1% during the second quarter, HoldingsChannel reports. The fund owned 136,409 shares of the company’s stock after acquiring an additional 107,271 shares during the quarter. WINTON GROUP Ltd’s holdings in Maplebear were worth $6,459,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently bought and sold shares of the stock. Beacon Pointe Advisors LLC bought a new position in shares of Maplebear during the 2nd quarter worth approximately $9,006,000. Bank of America Corp DE grew its position in Maplebear by 16.5% in the first quarter. Bank of America Corp DE now owns 1,562,097 shares of the company’s stock valued at $58,516,000 after acquiring an additional 221,036 shares during the period. Geode Capital Management LLC raised its stake in Maplebear by 1.6% during the fourth quarter. Geode Capital Management LLC now owns 3,526,124 shares of the company’s stock worth $158,640,000 after acquiring an additional 54,010 shares in the last quarter. Paragon Capital Management Inc. acquired a new position in Maplebear during the first quarter worth $1,256,000. Finally, Y Intercept Hong Kong Ltd bought a new position in shares of Maplebear during the first quarter valued at $1,210,000. 63.09% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on CART shares. Guggenheim boosted their target price on shares of Maplebear from $44.00 to $46.00 and gave the company a “neutral” rating in a research note on Friday, August 7th. Wedbush started coverage on shares of Maplebear in a report on Thursday, July 16th. They set an “outperform” rating and a $59.00 price target for the company. JPMorgan Chase & Co. lifted their price target on shares of Maplebear from $55.00 to $62.00 and gave the company an “overweight” rating in a report on Friday, August 7th. Wells Fargo & Company boosted their price target on shares of Maplebear from $47.00 to $54.00 and gave the company an “equal weight” rating in a research report on Friday, August 7th. Finally, Benchmark upped their price objective on shares of Maplebear from $55.00 to $63.00 and gave the stock a “buy” rating in a research note on Friday, August 7th. Fifteen research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company. According to data from MarketBeat, Maplebear currently has a consensus rating of “Moderate Buy” and a consensus price target of $56.14.

Maplebear Trading Down 2.8%

Shares of CART stock opened at $46.64 on Thursday. Maplebear Inc. has a 1 year low of $32.73 and a 1 year high of $52.68. The firm’s 50 day moving average is $47.95 and its 200-day moving average is $43.08. The firm has a market capitalization of $10.80 billion, a price-to-earnings ratio of 25.49, a PEG ratio of 0.94 and a beta of 0.80.

Maplebear (NASDAQ:CART) last issued its quarterly earnings results on Thursday, August 6th. The company reported $0.45 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.54 by ($0.09). The firm had revenue of $1.04 billion for the quarter, compared to analyst estimates of $1.03 billion. Maplebear had a net margin of 11.97% and a return on equity of 20.19%. The company’s revenue was up 14.1% compared to the same quarter last year. During the same period last year, the company earned $0.41 EPS. On average, equities research analysts forecast that Maplebear Inc. will post 2.33 earnings per share for the current fiscal year.

Insider Activity

In other news, insider Morgan Fong sold 18,390 shares of the business’s stock in a transaction dated Monday, August 24th. The stock was sold at an average price of $49.96, for a total transaction of $918,764.40. Following the completion of the transaction, the insider directly owned 529,911 shares in the company, valued at approximately $26,474,353.56. The trade was a 3.35% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Ravi Gupta sold 150,000 shares of the stock in a transaction that occurred on Wednesday, August 19th. The shares were sold at an average price of $50.61, for a total transaction of $7,591,500.00. Following the completion of the sale, the director owned 591,523 shares in the company, valued at $29,936,979.03. This represents a 20.23% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 24.00% of the company’s stock.

Maplebear Profile

Maplebear, Inc, doing business as Instacart, operates a leading online grocery and essentials marketplace that connects consumers, retail partners and personal shoppers through its digital platform. The company enables customers to order groceries, household items and specialty products for same-day or scheduled delivery, as well as in-store pickup. By integrating its technology with retailers’ existing inventory and point-of-sale systems, Maplebear streamlines the shopping experience and provides real-time availability and pricing.

Founded in 2012 and headquartered in San Francisco, Maplebear has grown from a regional startup to a publicly traded company listed on NASDAQ under the ticker CART.