Holocene Advisors Reduces $65M in Maplebear Inc. ($CART)
Key Points
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Holocene Advisors reduced its position in Maplebear Inc. ($CART) by 28.51% during the most recent quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 3,911,872 shares of Maplebear Inc. after selling 1,560,157 shares during the quarter. Holocene Advisors's holdings in Maplebear Inc. were worth $163.91 million as of its most recent filing.
Maplebear Inc. Stock Down 17.1%
Shares of Maplebear Inc. ($CART) traded around $41.90 on Saturday, down 17.1% for the day.
Maplebear Inc. Earnings
Analysts Set New Price Targets
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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