After grabbing 28.91 million shares, the institutional investor is now in possession of 28.91 million shares of the Consumer Cyclical Company. The new investment brought the stake of investor firm to 10.32% having worth around $699.26 million. Moreover, Coatue Management LLC increased its share by 10.28 million to have a control over 10.28 million shares. And GCM Grosvenor Holdings LLC raised its holdings to 9.01 million shares by acquiring 9.01 million shares or 3.21% of the stake.
Maplebear Inc. (CART) concluded trading on 12/21/23 at a closing price of $23.39, with 2.55 million shares of worth about $59.6 million changed hands on the day. On Thursday the price saw a gain of about 1.04%. Currently the company’s common shares owned by public are about 276.65M shares, out of which, 134.81M shares are available for trading.
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According to filings with the U.S. Securities and Exchange Commission (SEC), insiders took part in trade of the company’s stock for 105 times over the past 12 months. They bought 136,358,518 shares in 74 of the transactions. In 31 selling transactions, insiders dumped 4,440,678 shares.
T Rowe Price Science & Technology, American Funds New Economy Fund, and FTIF SICAV – Technology Fund are the top 3 mutual funds which are holding stakes in Maplebear Inc. T Rowe Price Science & Technology is currently holding 1.41 million shares of worth totaling $34.16 million. The company recently came buying 1.41 million shares which brought its stake up to 0.50% of the company’s outstanding shares. FTIF SICAV – Technology Fund, after buying 0.6 million shares, have now control over 0.21% of the stake in the company. It holds 0.6 million shares of worth $14.51 million.
Maplebear Inc. (NASDAQ: CART) started trading at $23.56, above $0.41 from concluding price of the previous day. However, the stock later moved at a day high price of 23.68, or with a gain of 1.04%. Stock saw a price change of -10.14% in past 5 days and over the past one month there was a price change of -5.27%. Over the period of past 52 weeks, stock dropped to lowest price of $23.15 but also hit the highest price of $42.95 during that period. The average intraday trading volume for Maplebear Inc. shares is 1.92 million. The stock is currently trading -4.99% below its 20-day simple moving average (SMA20), while that difference is down -6.99% for SMA50 and it goes to -9.95% lower than SMA200.
D1 Capital Partners LP acquired 28.91 million shares of Maplebear Inc. having value of about $699.26 million. Maplebear Inc. (NASDAQ: CART) currently have 276.65M outstanding shares and institutions hold larger chunk of about 31.39% of that. Holding of mutual funds in the company is about 2.46% while other institutional holders and individual stake holders have control over 28.91% and — of the stake respectively.
The stock has a current market capitalization of $6.55B. It has posted earnings per share of -$6.64 in the same period. It has Quick Ratio of 4.50 while making debt-to-equity ratio of 0.01. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for CART, volatility over the week remained 5.10% while standing at 4.98% over the month.
Analysts are in expectations that Maplebear Inc. (CART) stock would likely to be making an EPS of -$0.09 in the current quarter, while forecast for next quarter EPS is -$0.1 and it is $0.33 for next year. For the current quarter EPS, analysts have given the company a lowest target -$0.23 which is -$0.05 at the higher side of the target for the same.
Analysts at 20 brokerage firms have issued recommendations for the Maplebear Inc. (CART)’s stock and average of those rates the stock at a “Moderate Buy” and assign it a score of 2.20. Out of those 20 Wall Street analysts, 7 recommended a “Buy” rating, while 9 were in favor recommending the stock as a “Hold” and 0 analyst recommended the stock as “Sell”.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by MoffettNathanson on October 23, 2023 offering a Market perform rating for the stock and assigned a target price of $30 to it.
