Federated Hermes Adds $5M in Maplebear Inc. ($CART)
Key Points
- Federated Hermes changed its Maplebear Inc. ($CART) stake by 3.9% last quarter, boosting to 3,414,730 shares worth $143.08 million.
- Wall Street's consensus rating on $CART is Buy and an average price target of $50.00.
- $CART last traded around $41.90.
Federated Hermes increased its position in Maplebear Inc. ($CART) by 3.9% during the most recent quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 3,414,730 shares of Maplebear Inc. after buying 126,778 shares during the quarter. Federated Hermes's holdings in Maplebear Inc. were worth $143.08 million as of its most recent filing.
Maplebear Inc. ($CART) Stock
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About Maplebear Inc.
Maplebear Inc., doing business as Instacart, operates as a technology and enablement partner for the grocery industry in the United States and internationally. The company offers Instacart Marketplace which helps retailers serve customers' needs by supporting fulfillment options, shopping occasions, and categories; Instacart Enterprise platform, an end-to-end technology solution for retailers across all aspects of business; and Instacart Ads, enables brands to learn more about general consumer behavior from discovery to purchase, offering insights about how to optimize advertising spend. It also provides advertising solutions, including sponsored product ads, display ads, coupons, and brand pages; and software-as-a-service. The company's services can be provided through company's mobile application or website. Maplebear Inc., was incorporated in 2012 and is headquartered in San Francisco, California.
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