TD Asset Management Inc Has $18.09 Million Holdings in Maplebear Inc. $CART

TD Asset Management Inc reduced its position in Maplebear Inc. (NASDAQ:CART) by 52.5% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 402,218 shares of the company’s stock after selling 445,377 shares during the period. TD Asset Management Inc’s holdings in Maplebear were worth $18,092,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the company. Sivia Capital Partners LLC increased its position in Maplebear by 30.6% in the 4th quarter. Sivia Capital Partners LLC now owns 11,805 shares of the company’s stock worth $531,000 after purchasing an additional 2,769 shares during the last quarter. Lido Advisors LLC acquired a new position in Maplebear in the 4th quarter worth about $1,011,000. Natixis Advisors LLC increased its position in Maplebear by 4.6% in the 4th quarter. Natixis Advisors LLC now owns 15,308 shares of the company’s stock worth $689,000 after purchasing an additional 675 shares during the last quarter. Norges Bank acquired a new position in shares of Maplebear during the 4th quarter valued at about $97,221,000. Finally, Rothschild Investment LLC increased its holdings in shares of Maplebear by 2,316.4% during the 4th quarter. Rothschild Investment LLC now owns 1,764 shares of the company’s stock valued at $79,000 after acquiring an additional 1,691 shares during the last quarter. 63.09% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on CART shares. Raymond James Financial raised Maplebear from a “hold” rating to a “moderate buy” rating in a report on Thursday, April 9th. Benchmark lowered their price objective on Maplebear from $60.00 to $53.00 and set a “buy” rating on the stock in a report on Tuesday, February 10th. Argus raised Maplebear to a “strong-buy” rating in a report on Thursday, March 5th. Wells Fargo & Company increased their price objective on Maplebear from $45.00 to $47.00 and gave the company an “equal weight” rating in a report on Thursday, May 7th. Finally, Barclays increased their price objective on Maplebear from $65.00 to $69.00 and gave the company an “overweight” rating in a report on Thursday, May 7th. One research analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, nine have given a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $51.09.

Maplebear Stock Performance

Shares of NASDAQ CART opened at $41.26 on Monday. The firm has a market cap of $9.70 billion, a price-to-earnings ratio of 23.05, a P/E/G ratio of 0.57 and a beta of 0.88. The business’s 50-day simple moving average is $40.51 and its 200-day simple moving average is $40.23. Maplebear Inc. has a 52 week low of $32.73 and a 52 week high of $53.50.

Maplebear (NASDAQ:CART) last released its earnings results 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). The business had revenue of $1.02 billion during the quarter, compared to analyst estimates of $1.01 billion. Maplebear had a net margin of 12.50% and a return on equity of 18.67%. The business’s quarterly revenue was up 13.6% compared to the same quarter last year. During the same period last year, the business earned $0.37 EPS. As a group, equities research analysts forecast that Maplebear Inc. will post 2.45 earnings per share for the current year.

Insider Buying and Selling at Maplebear

In other Maplebear news, CAO Lisa Blackwood-Kapral sold 9,390 shares of the firm’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 sale, the chief accounting officer owned 58,971 shares of the company’s stock, valued at $2,373,582.75. This trade represents a 13.74% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, General Counsel Morgan Fong sold 126,083 shares of the firm’s stock in a transaction that occurred on Wednesday, March 11th. The shares were sold at an average price of $37.09, for a total value of $4,676,418.47. Following the completion of the sale, the general counsel directly owned 386,643 shares in the company, valued at $14,340,588.87. This trade represents a 24.59% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 325,863 shares of company stock valued at $12,931,445 in the last 90 days. 24.00% of the stock is currently owned by insiders.

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.