Baillie Gifford & Co. reduced its holdings in shares of Symbotic Inc. (NASDAQ:SYM - Free Report) by 1.2% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 13,904,789 shares of the company's stock after selling 166,210 shares during the period. Baillie Gifford & Co. owned about 2.37% of Symbotic worth $329,683,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also recently modified their holdings of the company. Thematics Asset Management increased its holdings in shares of Symbotic by 30.1% in the 3rd quarter. Thematics Asset Management now owns 1,048,170 shares of the company's stock valued at $25,565,000 after acquiring an additional 242,661 shares during the period. International Assets Investment Management LLC increased its holdings in shares of Symbotic by 1,273,060.0% in the 3rd quarter. International Assets Investment Management LLC now owns 63,658 shares of the company's stock valued at $1,553,000 after acquiring an additional 63,653 shares during the period. Tenzing Global Management LLC purchased a new position in shares of Symbotic in the 3rd quarter valued at $1,524,000. Robocap Asset Management Ltd purchased a new position in shares of Symbotic in the 4th quarter valued at $1,368,000. Finally, Holocene Advisors LP purchased a new position in shares of Symbotic in the 3rd quarter valued at $1,201,000.
Symbotic Price Performance
SYM traded down $0.67 on Thursday, reaching $26.09. 1,595,050 shares of the stock were exchanged, compared to its average volume of 2,459,072. The firm has a market capitalization of $15.35 billion, a PE ratio of -372.66, a PEG ratio of 6.90 and a beta of 1.79. The company's 50-day moving average price is $27.27 and its 200 day moving average price is $26.44. Symbotic Inc. has a fifty-two week low of $17.11 and a fifty-two week high of $50.40.
Symbotic (NASDAQ:SYM - Get Free Report) last issued its quarterly earnings data on Wednesday, February 5th. The company reported ($0.03) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.04) by $0.01. Symbotic had a positive return on equity of 5.11% and a negative net margin of 0.38%. As a group, equities analysts forecast that Symbotic Inc. will post 0.13 earnings per share for the current fiscal year.
Insider Activity
In other news, CFO Carol J. Hibbard sold 4,055 shares of the business's stock in a transaction dated Wednesday, February 5th. The stock was sold at an average price of $30.70, for a total value of $124,488.50. Following the completion of the transaction, the chief financial officer now owns 44,386 shares of the company's stock, valued at $1,362,650.20. The trade was a 8.37 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Michael David Dunn sold 5,365 shares of the business'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 completion of the transaction, the insider now directly owns 31,860 shares of the company's stock, valued at approximately $783,756. This trade represents a 14.41 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 109,114 shares of company stock valued at $3,238,557 in the last quarter. 0.60% of the stock is currently owned by company insiders.
Wall Street Analysts Forecast Growth
A number of research analysts have recently issued reports on SYM shares. William Blair reiterated a "market perform" rating on shares of Symbotic in a report on Thursday, December 5th. Craig Hallum downgraded Symbotic from a "buy" rating to a "hold" rating and set a $25.00 price target on the stock. in a report on Wednesday, November 27th. Northland Securities raised their price objective on Symbotic from $35.00 to $41.00 and gave the stock an "outperform" rating in a research report on Friday, January 17th. BWS Financial reissued a "sell" rating and issued a $10.00 price objective on shares of Symbotic in a research report on Tuesday, January 21st. Finally, TD Cowen raised their price objective on Symbotic from $43.00 to $50.00 and gave the stock a "buy" rating in a research report on Tuesday, November 26th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat, Symbotic presently has a consensus rating of "Hold" and an average target price of $38.33.
Read Our Latest Report on Symbotic
About Symbotic
(
Free Report)
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.
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