Sei Investments Co. Raises Position in Maplebear Inc. (NASDAQ:CART)

Sei Investments Co. lifted its stake in shares of Maplebear Inc. ( NASDAQ:CART – Free Report ) by 489.

0% during the fourth quarter, Holdings Channel reports. The fund owned 140,423 shares of the company’s stock after acquiring an additional 116,583 shares during the period. Sei Investments Co.



’s holdings in Maplebear were worth $5,816,000 as of its most recent SEC filing. Other hedge funds have also modified their holdings of the company. Jones Financial Companies Lllp grew its stake in Maplebear by 46.

6% during the 4th quarter. Jones Financial Companies Lllp now owns 698 shares of the company’s stock worth $29,000 after purchasing an additional 222 shares in the last quarter. Wilmington Savings Fund Society FSB acquired a new position in shares of Maplebear during the third quarter worth about $33,000.

Allworth Financial LP increased its stake in shares of Maplebear by 101.4% during the fourth quarter. Allworth Financial LP now owns 834 shares of the company’s stock worth $37,000 after buying an additional 420 shares during the period.

Cullen Frost Bankers Inc. acquired a new stake in Maplebear in the fourth quarter valued at approximately $62,000. Finally, PNC Financial Services Group Inc.

lifted its stake in Maplebear by 243.3% in the fourth quarter. PNC Financial Services Group Inc.

now owns 3,399 shares of the company’s stock worth $141,000 after acquiring an additional 2,409 shares during the last quarter. 63.09% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes A number of brokerages have commented on CART. Deutsche Bank Aktiengesellschaft started coverage on shares of Maplebear in a research report on Tuesday, December 3rd. They issued a “hold” rating and a $37.

00 price objective on the stock. Wedbush cut their price target on Maplebear from $48.00 to $46.

00 and set a “neutral” rating on the stock in a research note on Wednesday, February 26th. Wells Fargo & Company started coverage on Maplebear in a research report on Friday, January 10th. They set an “equal weight” rating and a $47.

00 price objective for the company. BTIG Research raised Maplebear from a “neutral” rating to a “buy” rating and set a $58.00 target price on the stock in a research report on Tuesday, January 14th.

Finally, Stifel Nicolaus boosted their target price on Maplebear from $56.00 to $57.00 and gave the stock a “buy” rating in a research note on Wednesday, February 26th.

Thirteen equities research analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $50.25.

Maplebear Stock Performance Shares of Maplebear stock opened at $40.22 on Wednesday. Maplebear Inc.

has a one year low of $29.84 and a one year high of $53.44.

The company has a market cap of $10.64 billion, a P/E ratio of 26.99, a PEG ratio of 1.

19 and a beta of 1.34. The firm has a fifty day moving average of $44.

34 and a two-hundred day moving average of $43.59. Maplebear ( NASDAQ:CART – Get Free Report ) last announced its quarterly earnings data on Tuesday, February 25th.

The company reported $0.53 EPS for the quarter, beating analysts’ consensus estimates of $0.37 by $0.

16. Maplebear had a net margin of 13.37% and a return on equity of 13.

78%. The firm had revenue of $883.00 million during the quarter, compared to the consensus estimate of $889.

98 million. As a group, equities analysts predict that Maplebear Inc. will post 1.

43 earnings per share for the current year. Insider Activity In other Maplebear news, CAO Alan Ramsay sold 2,314 shares of the company’s stock in a transaction dated Tuesday, January 21st. The shares were sold at an average price of $46.

28, for a total transaction of $107,091.92. Following the transaction, the chief accounting officer now directly owns 85,421 shares in the company, valued at approximately $3,953,283.

88. This represents a 2.64 % decrease in their ownership of the stock.

The sale was disclosed in a filing with the SEC, which can be accessed through this link . Also, CEO Fidji Simo sold 20,750 shares of the stock in a transaction dated Wednesday, February 26th. The shares were sold at an average price of $43.

31, for a total transaction of $898,682.50. Following the completion of the transaction, the chief executive officer now directly owns 1,662,692 shares of the company’s stock, valued at approximately $72,011,190.

52. This trade represents a 1.23 % decrease in their ownership of the stock.

The disclosure for this sale can be found here . Insiders sold 25,097 shares of company stock valued at $1,087,094 in the last three months. 36.

00% of the stock is currently owned by company insiders. About Maplebear ( Free Report ) 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. Read More Want to see what other hedge funds are holding CART? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Maplebear Inc.

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