Symbotic Inc. (NASDAQ:SYM) Shares Acquired by Barclays PLC

Barclays PLC increased its position in shares of Symbotic Inc. (NASDAQ:SYM) by 1,105.9% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 9,346 shares of the company’s stock after buying an additional 8,571 shares during the quarter. Barclays PLC’s holdings in Symbotic were worth $228,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the business. Castleview Partners LLC boosted its position in shares of Symbotic by 50.0% during the third quarter. Castleview Partners LLC now owns 1,500 shares of the company’s stock worth $37,000 after buying an additional 500 shares during the period. Quarry LP acquired a new position in Symbotic during the 2nd quarter worth about $65,000. Arcadia Investment Management Corp MI acquired a new position in Symbotic in the 3rd quarter valued at about $49,000. RiverPark Advisors LLC increased its stake in Symbotic by 147.1% during the third quarter. RiverPark Advisors LLC now owns 2,034 shares of the company’s stock worth $50,000 after purchasing an additional 1,211 shares during the period. Finally, Quest Partners LLC lifted its position in shares of Symbotic by 19,307.7% during the third quarter. Quest Partners LLC now owns 2,523 shares of the company’s stock worth $62,000 after purchasing an additional 2,510 shares in the last quarter.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on SYM shares. Craig Hallum downgraded shares of Symbotic from a “buy” rating to a “hold” rating and set a $25.00 target price on the stock. in a research note on Wednesday, November 27th. The Goldman Sachs Group lowered their target price on shares of Symbotic from $34.00 to $28.00 and set a “neutral” rating on the stock in a research report on Wednesday, December 4th. UBS Group lowered their price target on Symbotic from $40.00 to $32.00 and set a “neutral” rating for the company in a report on Friday. BWS Financial restated a “sell” rating and issued a $10.00 price target on shares of Symbotic in a report on Tuesday, November 19th. Finally, TD Cowen upped their price target on shares of Symbotic from $43.00 to $50.00 and gave the company a “buy” rating in a report on Tuesday, November 26th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $41.79.

Symbotic Price Performance

Shares of Symbotic stock opened at $26.70 on Tuesday. The firm has a market cap of $15.68 billion, a price-to-earnings ratio of -445.00 and a beta of 1.76. The stock has a 50-day simple moving average of $28.58 and a 200-day simple moving average of $27.94. Symbotic Inc. has a 52-week low of $17.11 and a 52-week high of $52.20.

Symbotic (NASDAQ:SYM) last released its quarterly earnings results on Monday, November 18th. The company reported $0.05 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.05. The company had revenue of $576.77 million during the quarter, compared to the consensus estimate of $470.24 million. Symbotic had a positive return on equity of 6.49% and a negative net margin of 0.32%. The firm’s revenue was up 47.2% on a year-over-year basis. During the same quarter in the prior year, the company posted ($0.08) EPS. As a group, equities research analysts predict that Symbotic Inc. will post 0.12 earnings per share for the current year.

Insider Buying and Selling at Symbotic

In related news, insider Michael David Dunn sold 5,365 shares of the company’s stock in a transaction dated Friday, January 3rd. The shares were sold at an average price of $24.60, for a total value of $131,979.00. Following the sale, the insider now owns 31,860 shares of the company’s stock, valued at $783,756. The trade was a 14.41 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider William M. Boyd III sold 8,826 shares of the firm’s stock in a transaction that occurred on Monday, October 28th. The stock was sold at an average price of $28.33, for a total value of $250,040.58. Following the transaction, the insider now owns 23,012 shares of the company’s stock, valued at $651,929.96. This trade represents a 27.72 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 111,844 shares of company stock worth $3,268,431 over the last ninety days. Company insiders own 38.30% of the company’s stock.

Symbotic Company Profile

Symbotic Inc, an automation technology company, engages in developing technologies to improve operating efficiencies in modern warehouses. The company automates the processing of pallets and cases in large warehouses or distribution centers for retail companies. Its systems enhance operations at the front end of the supply chain.