FNY Investment Advisers LLC Sells 250 Shares of Maplebear Inc. (NASDAQ:CART)

FNY Investment Advisers LLC lessened its stake in shares of Maplebear Inc. (NASDAQ:CART) by 20.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 972 shares of the company’s stock after selling 250 shares during the period. FNY Investment Advisers LLC’s holdings in Maplebear were worth $40,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the stock. Wilmington Savings Fund Society FSB purchased a new stake in shares of Maplebear in the third quarter worth $33,000. Huntington National Bank bought a new position in Maplebear in the 3rd quarter worth about $54,000. Mirae Asset Global Investments Co. Ltd. purchased a new stake in Maplebear during the 3rd quarter valued at about $74,000. Quarry LP increased its stake in Maplebear by 269.5% during the 2nd quarter. Quarry LP now owns 3,928 shares of the company’s stock valued at $126,000 after purchasing an additional 2,865 shares in the last quarter. Finally, Vinva Investment Management Ltd bought a new stake in Maplebear during the 3rd quarter valued at about $212,000. Hedge funds and other institutional investors own 63.09% of the company’s stock.

Maplebear Price Performance

Maplebear stock opened at $45.11 on Thursday. Maplebear Inc. has a 1 year low of $22.70 and a 1 year high of $50.01. The firm’s 50 day moving average price is $43.61 and its 200-day moving average price is $39.57. The stock has a market cap of $11.59 billion, a P/E ratio of 30.28, a PEG ratio of 1.08 and a beta of 1.04.

Maplebear (NASDAQ:CART) last announced its quarterly earnings results on Tuesday, November 12th. The company reported $0.42 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.22 by $0.20. Maplebear had a net margin of 13.37% and a return on equity of 13.78%. The company had revenue of $852.00 million for the quarter, compared to the consensus estimate of $844.03 million. During the same period in the previous year, the firm posted ($20.86) EPS. Maplebear’s revenue for the quarter was up 11.5% compared to the same quarter last year. As a group, equities analysts expect that Maplebear Inc. will post 1.4 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on the stock. Morgan Stanley increased their price target on shares of Maplebear from $41.00 to $44.00 and gave the company an “equal weight” rating in a report on Monday. Loop Capital increased their target price on Maplebear from $49.00 to $56.00 and gave the company a “buy” rating in a research note on Monday, December 9th. Bank of America lifted their target price on Maplebear from $50.00 to $51.00 and gave the stock a “neutral” rating in a report on Wednesday, November 13th. Macquarie upped their price target on Maplebear from $50.00 to $52.00 and gave the company an “outperform” rating in a report on Thursday, November 14th. Finally, BTIG Research upgraded Maplebear from a “neutral” rating to a “buy” rating and set a $58.00 price objective for the company in a report on Tuesday. Thirteen research analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, Maplebear currently has a consensus rating of “Moderate Buy” and an average price target of $48.31.

Insider Buying and Selling

In other Maplebear news, CAO Alan Ramsay sold 2,247 shares of Maplebear stock in a transaction that occurred on Friday, December 20th. The stock was sold at an average price of $42.14, for a total value of $94,688.58. Following the sale, the chief accounting officer now owns 87,735 shares of the company’s stock, valued at $3,697,152.90. The trade was a 2.50 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO Fidji Simo sold 20,750 shares of the stock in a transaction that occurred on Wednesday, December 18th. The shares were sold at an average price of $42.74, for a total value of $886,855.00. Following the transaction, the chief executive officer now owns 1,771,993 shares of the company’s stock, valued at $75,734,980.82. This represents a 1.16 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 112,128 shares of company stock worth $4,980,404. Corporate insiders own 36.00% of the company’s stock.

About Maplebear

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.