Lido Advisors LLC Makes New $1.01 Million Investment in Maplebear Inc. $CART

Lido Advisors LLC acquired a new position in shares of Maplebear Inc. (NASDAQ:CART) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 23,052 shares of the company’s stock, valued at approximately $1,011,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. 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 worth $34,000 after purchasing an additional 244 shares during the last quarter. Smartleaf Asset Management LLC raised its holdings in Maplebear by 9.6% during the 2nd quarter. Smartleaf Asset Management LLC now owns 2,978 shares of the company’s stock worth $134,000 after purchasing an additional 261 shares during the last quarter. Rafferty Asset Management LLC grew its position in shares of Maplebear by 2.5% during the 2nd quarter. Rafferty Asset Management LLC now owns 11,000 shares of the company’s stock worth $498,000 after buying an additional 273 shares during the period. Crossmark Global Holdings Inc. grew its position in shares of Maplebear by 5.0% during the 3rd quarter. Crossmark Global Holdings Inc. now owns 6,423 shares of the company’s stock worth $236,000 after buying an additional 304 shares during the period. Finally, Hantz Financial Services Inc. grew its position in shares of Maplebear by 78.6% during the 3rd quarter. Hantz Financial Services Inc. now owns 884 shares of the company’s stock worth $32,000 after buying an additional 389 shares during the period. 63.09% of the stock is owned by institutional investors.

Maplebear Trading Down 0.4%

Maplebear stock opened at $42.24 on Wednesday. The business has a 50-day moving average of $40.76 and a 200-day moving average of $40.24. Maplebear Inc. has a 1 year low of $32.73 and a 1 year high of $53.50. The firm has a market capitalization of $9.93 billion, a P/E ratio of 23.60, a PEG ratio of 0.58 and a beta of 0.88.

Maplebear (NASDAQ:CART) last issued its quarterly earnings data on Wednesday, May 6th. The company reported $0.57 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.58 by ($0.01). Maplebear had a net margin of 12.50% and a return on equity of 18.67%. The business had revenue of $1.02 billion during the quarter, compared to analyst estimates of $1.01 billion. During the same quarter in the prior year, the firm posted $0.37 earnings per share. Maplebear’s revenue for the quarter was up 13.6% compared to the same quarter last year. Research analysts anticipate that Maplebear Inc. will post 2.45 EPS for the current fiscal year.

Insider Activity at Maplebear

In related news, CAO Lisa Blackwood-Kapral sold 9,390 shares of the business’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 value of $377,947.50. Following the completion of the transaction, the chief accounting officer directly owned 58,971 shares in the company, valued at approximately $2,373,582.75. The trade was a 13.74% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Ravi Gupta sold 181,000 shares of the business’s stock in a transaction that occurred on Tuesday, June 2nd. The shares were sold at an average price of $41.51, for a total value of $7,513,310.00. Following the completion of the transaction, the director owned 741,523 shares of the company’s stock, valued at $30,780,619.73. This represents a 19.62% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 199,780 shares of company stock valued at $8,255,026 over the last quarter. 24.00% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on CART shares. Weiss Ratings upgraded Maplebear from a “hold (c-)” rating to a “hold (c)” rating in a research report on Monday, May 11th. Argus upgraded Maplebear to a “strong-buy” rating in a research report on Thursday, March 5th. Benchmark decreased their target price on Maplebear from $60.00 to $53.00 and set a “buy” rating for the company in a research report on Tuesday, February 10th. Raymond James Financial upgraded Maplebear from a “hold” rating to a “moderate buy” rating in a research report on Thursday, April 9th. Finally, Wells Fargo & Company boosted their target price on Maplebear from $45.00 to $47.00 and gave the stock an “equal weight” rating in a research report on Thursday, May 7th. One investment analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, nine have assigned a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $51.09.

Maplebear Company 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.