SG Americas Securities LLC Boosts Stock Holdings in Maplebear Inc. $CART

SG Americas Securities LLC grew its holdings in Maplebear Inc. (NASDAQ:CART) by 1,076.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 273,379 shares of the company’s stock after purchasing an additional 250,135 shares during the period. SG Americas Securities LLC owned approximately 0.10% of Maplebear worth $12,297,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of the business. Allworth Financial LP raised its holdings in Maplebear by 35.7% during the 3rd quarter. Allworth Financial LP now owns 928 shares of the company’s stock valued at $34,000 after acquiring an additional 244 shares during the period. Smartleaf Asset Management LLC lifted its position in shares of Maplebear by 9.6% during the second quarter. Smartleaf Asset Management LLC now owns 2,978 shares of the company’s stock worth $134,000 after acquiring an additional 261 shares in the last quarter. Rafferty Asset Management LLC boosted its holdings in shares of Maplebear by 2.5% in the second quarter. Rafferty Asset Management LLC now owns 11,000 shares of the company’s stock worth $498,000 after acquiring an additional 273 shares during the period. Crossmark Global Holdings Inc. grew its position in shares of Maplebear by 5.0% in the third quarter. Crossmark Global Holdings Inc. now owns 6,423 shares of the company’s stock valued at $236,000 after purchasing an additional 304 shares in the last quarter. Finally, Hantz Financial Services Inc. grew its position in shares of Maplebear by 78.6% in the third quarter. Hantz Financial Services Inc. now owns 884 shares of the company’s stock valued at $32,000 after purchasing an additional 389 shares in the last quarter. 63.09% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, CAO Lisa Blackwood-Kapral sold 9,390 shares of the stock in a transaction on Monday, March 16th. The shares were sold at an average price of $38.74, for a total transaction of $363,768.60. Following the transaction, the chief accounting officer owned 47,510 shares of the company’s stock, valued at approximately $1,840,537.40. This trade represents a 16.50% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, General Counsel Morgan Fong sold 126,083 shares of Maplebear stock in a transaction on Wednesday, March 11th. The stock was sold at an average price of $37.09, for a total transaction of $4,676,418.47. Following the completion of the transaction, the general counsel owned 386,643 shares in the company, valued at approximately $14,340,588.87. The trade was a 24.59% decrease in their position. The SEC filing for this sale provides additional information. 26.00% of the stock is currently owned by corporate insiders.

Maplebear Price Performance

Shares of NASDAQ CART opened at $35.72 on Friday. The stock has a market capitalization of $8.59 billion, a P/E ratio of 22.47, a PEG ratio of 0.55 and a beta of 0.98. Maplebear Inc. has a one year low of $32.73 and a one year high of $53.50. The firm’s 50 day simple moving average is $37.01 and its two-hundred day simple moving average is $39.97.

Analyst Ratings Changes

CART has been the topic of a number of recent research reports. Jefferies Financial Group increased their price objective on Maplebear from $41.00 to $48.00 and gave the stock a “hold” rating in a report on Thursday, December 11th. Wells Fargo & Company reduced their target price on Maplebear from $47.00 to $43.00 and set an “equal weight” rating for the company in a report on Friday, February 13th. Wall Street Zen upgraded Maplebear from a “hold” rating to a “buy” rating in a research report on Saturday, February 14th. Cantor Fitzgerald raised their price objective on shares of Maplebear from $45.00 to $54.00 and gave the company an “overweight” rating in a research report on Thursday, January 8th. Finally, Argus raised shares of Maplebear to a “strong-buy” rating in a research note on Thursday, March 5th. One investment analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, ten have given a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, Maplebear currently has an average rating of “Moderate Buy” and an average target price of $51.33.

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.