Lido Advisors LLC Acquires New Holdings in Maplebear Inc. $CART

Lido Advisors LLC acquired a new stake in Maplebear Inc. (NASDAQ:CART) in the 4th quarter, according to its most recent filing with the SEC. The fund acquired 23,052 shares of the company’s stock, valued at approximately $1,011,000.

A number of other large investors have also recently bought and sold shares of the company. Natixis Advisors LLC boosted its position in Maplebear by 4.6% during the 4th quarter. Natixis Advisors LLC now owns 15,308 shares of the company’s stock worth $689,000 after acquiring an additional 675 shares during the last quarter. Norges Bank acquired a new position in Maplebear during the 4th quarter worth approximately $97,221,000. Rothschild Investment LLC boosted its position in Maplebear by 2,316.4% during the 4th quarter. Rothschild Investment LLC now owns 1,764 shares of the company’s stock worth $79,000 after acquiring an additional 1,691 shares during the last quarter. Northwestern Mutual Wealth Management Co. boosted its position in Maplebear by 32.8% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 6,888 shares of the company’s stock worth $310,000 after acquiring an additional 1,702 shares during the last quarter. Finally, Intech Investment Management LLC acquired a new position in Maplebear during the 4th quarter worth approximately $4,295,000. Institutional investors and hedge funds own 63.09% of the company’s stock.

Insider Buying and Selling

In other news, CAO Lisa Blackwood-Kapral sold 9,390 shares of the company’s stock in a transaction that occurred on Wednesday, April 15th. The stock was sold at an average price of $40.25, for a total transaction of $377,947.50. Following the sale, the chief accounting officer owned 58,971 shares in the company, valued at $2,373,582.75. This represents a 13.74% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Ravi Gupta sold 181,000 shares of the company’s stock in a transaction that occurred on Tuesday, June 2nd. The stock was sold at an average price of $41.51, for a total value of $7,513,310.00. Following the sale, the director owned 741,523 shares in the company, valued at approximately $30,780,619.73. This represents a 19.62% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders have sold 199,780 shares of company stock worth $8,255,026. Company insiders own 24.00% of the company’s stock.

Maplebear Stock Down 0.4%

Shares of Maplebear stock opened at $42.24 on Wednesday. Maplebear Inc. has a 12-month low of $32.73 and a 12-month high of $53.50. The stock has a market cap of $9.93 billion, a P/E ratio of 23.60, a P/E/G ratio of 0.58 and a beta of 0.88. The business’s 50 day moving average is $40.76 and its 200-day moving average is $40.24.

Maplebear (NASDAQ:CART) last announced its quarterly earnings data on Wednesday, May 6th. The company reported $0.57 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.58 by ($0.01). Maplebear had a return on equity of 18.67% and a net margin of 12.50%.The company had revenue of $1.02 billion for the quarter, compared to the consensus estimate of $1.01 billion. During the same quarter in the prior year, the company earned $0.37 EPS. The company’s revenue for the quarter was up 13.6% on a year-over-year basis. On average, sell-side analysts expect that Maplebear Inc. will post 2.45 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on CART. Wall Street Zen downgraded Maplebear from a “buy” rating to a “hold” rating in a research report on Saturday, May 2nd. Benchmark reduced their price target on Maplebear from $60.00 to $53.00 and set a “buy” rating for the company in a research report on Tuesday, February 10th. Needham & Company LLC reaffirmed a “buy” rating and set a $55.00 price target on shares of Maplebear in a research report on Thursday, May 7th. Barclays upped their price target on Maplebear from $65.00 to $69.00 and gave the stock an “overweight” rating in a research report on Thursday, May 7th. Finally, Argus raised Maplebear to a “strong-buy” rating in a research report on Thursday, March 5th. One research analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, nine have issued a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $51.09.

About Maplebear

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.