Carlyle Group Inc. Has $219,000 Holdings in Maplebear Inc. (NASDAQ:CART)

Carlyle Group Inc. trimmed its holdings in shares of Maplebear Inc. (NASDAQ:CART) by 33.3% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 5,479 shares of the company’s stock after selling 2,740 shares during the quarter. Maplebear comprises about 0.0% of Carlyle Group Inc.’s investment portfolio, making the stock its 22nd largest holding. Carlyle Group Inc.’s holdings in Maplebear were worth $219,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of the business. Proathlete Wealth Management LLC bought a new stake in shares of Maplebear during the 1st quarter valued at $26,000. NewEdge Advisors LLC raised its stake in Maplebear by 277.9% in the fourth quarter. NewEdge Advisors LLC now owns 975 shares of the company’s stock valued at $40,000 after purchasing an additional 717 shares in the last quarter. UMB Bank n.a. lifted its position in Maplebear by 914.1% during the first quarter. UMB Bank n.a. now owns 1,004 shares of the company’s stock worth $40,000 after purchasing an additional 905 shares during the period. Spire Wealth Management bought a new stake in Maplebear during the first quarter worth about $41,000. Finally, CWM LLC grew its stake in Maplebear by 35.1% during the first quarter. CWM LLC now owns 1,058 shares of the company’s stock worth $42,000 after buying an additional 275 shares in the last quarter. Institutional investors and hedge funds own 63.09% of the company’s stock.

Insider Transactions at Maplebear

In other news, General Counsel Morgan Fong sold 4,680 shares of the stock in a transaction dated Monday, July 21st. The stock was sold at an average price of $49.16, for a total value of $230,068.80. Following the completion of the sale, the general counsel owned 452,000 shares of the company’s stock, valued at approximately $22,220,320. This represents a 1.02% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Grosvenor L.P. Gcm sold 4,864,272 shares of the firm’s stock in a transaction dated Friday, July 25th. The stock was sold at an average price of $47.75, for a total value of $232,268,988.00. The disclosure for this sale can be found here. In the last three months, insiders have sold 4,975,327 shares of company stock worth $237,736,848. 26.00% of the stock is currently owned by insiders.

Maplebear Stock Down 0.5%

Shares of Maplebear stock opened at $47.72 on Thursday. The stock has a market cap of $12.53 billion, a price-to-earnings ratio of 31.39, a P/E/G ratio of 1.85 and a beta of 1.21. Maplebear Inc. has a twelve month low of $31.06 and a twelve month high of $53.44. The company’s fifty day moving average is $46.51 and its 200 day moving average is $44.63.

Analyst Ratings Changes

CART has been the subject of several analyst reports. Barclays boosted their target price on shares of Maplebear from $58.00 to $61.00 and gave the company an “overweight” rating in a research report on Friday, May 2nd. Sanford C. Bernstein lifted their price objective on shares of Maplebear from $55.00 to $60.00 and gave the company an “outperform” rating in a research note on Monday, July 21st. JMP Securities restated a “market outperform” rating and set a $55.00 price objective on shares of Maplebear in a research report on Thursday, June 12th. Stifel Nicolaus upped their target price on Maplebear from $54.00 to $55.00 and gave the stock a “buy” rating in a research note on Tuesday, July 29th. Finally, Citigroup lifted their price target on Maplebear from $55.00 to $57.00 and gave the company a “buy” rating in a research note on Tuesday, May 13th. Eleven analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Maplebear currently has a consensus rating of “Moderate Buy” and a consensus price target of $52.35.

Maplebear Company Profile

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.