Maplebear Inc. $CART Shares Sold by Parallel Advisors LLC

Parallel Advisors LLC lowered its stake in Maplebear Inc. (NASDAQ:CART) by 69.8% during the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 9,392 shares of the company’s stock after selling 21,711 shares during the quarter. Parallel Advisors LLC’s holdings in Maplebear were worth $352,000 as of its most recent filing with the SEC.

A number of other large investors have also recently bought and sold shares of CART. State Street Corp raised its holdings in shares of Maplebear by 1.0% in the fourth quarter. State Street Corp now owns 5,461,637 shares of the company’s stock worth $245,664,000 after acquiring an additional 54,872 shares during the last quarter. Dimensional Fund Advisors LP increased its position in Maplebear by 31.4% during the 1st quarter. Dimensional Fund Advisors LP now owns 4,981,960 shares of the company’s stock worth $186,618,000 after purchasing an additional 1,189,287 shares in the last quarter. Viking Global Investors LP purchased a new stake in Maplebear during the 2nd quarter worth about $169,782,000. Geode Capital Management LLC raised its stake in Maplebear by 1.6% in the 4th quarter. Geode Capital Management LLC now owns 3,526,124 shares of the company’s stock valued at $158,640,000 after purchasing an additional 54,010 shares during the last quarter. Finally, Federated Hermes Inc. raised its stake in Maplebear by 3.2% in the 4th quarter. Federated Hermes Inc. now owns 3,287,952 shares of the company’s stock valued at $147,892,000 after purchasing an additional 101,278 shares during the last quarter. Institutional investors and hedge funds own 63.09% of the company’s stock.

Insiders Place Their Bets

In other Maplebear news, Director Ravi Gupta sold 181,000 shares of Maplebear stock in a transaction 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 transaction, the director owned 741,523 shares in the company, valued at $30,780,619.73. This trade represents a 19.62% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 24.00% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the stock. Cantor Fitzgerald raised their price target on shares of Maplebear from $56.00 to $63.00 and gave the stock an “overweight” rating in a research note on Friday, August 7th. BNP Paribas Exane raised shares of Maplebear from an “underperform” rating to a “neutral” rating and set a $56.00 price objective for the company in a research report on Friday, August 7th. Wells Fargo & Company upped their price objective on shares of Maplebear from $47.00 to $54.00 and gave the company an “equal weight” rating in a research note on Friday, August 7th. Barclays lifted their target price on shares of Maplebear from $69.00 to $77.00 and gave the stock an “overweight” rating in a research note on Friday, August 7th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Maplebear in a report on Friday. One investment analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and nine have issued a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $55.52.

Maplebear Price Performance

CART opened at $49.39 on Wednesday. Maplebear Inc. has a 12 month low of $32.73 and a 12 month high of $51.89. The business has a 50-day moving average of $45.31 and a two-hundred day moving average of $41.06. The stock has a market capitalization of $11.61 billion, a price-to-earnings ratio of 26.99, a price-to-earnings-growth ratio of 0.74 and a beta of 0.78.

Maplebear (NASDAQ:CART) last announced its quarterly earnings data on Thursday, August 6th. The company reported $0.45 earnings per share for the quarter, missing the consensus estimate of $0.54 by ($0.09). Maplebear had a return on equity of 20.19% and a net margin of 11.97%.The company had revenue of $1.04 billion for the quarter, compared to analysts’ expectations of $1.03 billion. During the same quarter in the previous year, the company earned $0.41 earnings per share. The company’s revenue was up 14.1% on a year-over-year basis. Equities research analysts anticipate that Maplebear Inc. will post 2.35 earnings per share for the current year.

Maplebear News Roundup

Here are the key news stories impacting Maplebear this week:

• Positive Sentiment: Citigroup raised its price target for Maplebear from $50 to $58 and maintained a “Buy” rating, implying roughly 17% upside from the referenced trading level. Benzinga analyst action
• Positive Sentiment: Analysts continue to view CART favorably, with the stock receiving a consensus “Moderate Buy” recommendation. Maplebear consensus recommendation
• Positive Sentiment: Several firms raised their price targets, with published targets of $54, $62, $63, $65 and $77. BNP Paribas Exane also upgraded the shares, signaling improving analyst sentiment and expectations for additional appreciation. Maplebear price target raised to $54 Maplebear price target raised to $62 Maplebear price target raised to $63 Maplebear price target raised to $65 Maplebear price target raised to $77 BNP Paribas Exane upgrade
• Positive Sentiment: Instacart expanded its marketplace partnership with Academy Sports + Outdoors, adding same-day delivery of sporting goods, outdoor equipment, apparel and private-label products. The agreement could broaden order volume and customer engagement, though financial terms were not disclosed. Instacart and Academy Sports partnership
• Neutral Sentiment: Reported short interest was zero shares versus zero previously, producing an invalid “NaN” change and a zero-day short-interest ratio. The data appears unreliable and provides no meaningful signal about short-selling pressure.
• Negative Sentiment: Maplebear’s most recent quarterly earnings missed analyst expectations on earnings per share despite revenue exceeding forecasts. That miss, alongside a valuation near recent highs, may be limiting the stock’s response to the positive analyst actions.

About Maplebear

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.