First Dallas Securities Inc. Has $415,000 Holdings in Symbotic Inc. (NASDAQ:SYM)

First Dallas Securities Inc. lowered its holdings in Symbotic Inc. (NASDAQ:SYM - Free Report) by 46.0% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 17,500 shares of the company's stock after selling 14,900 shares during the period. First Dallas Securities Inc.'s holdings in Symbotic were worth $415,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the business. Baillie Gifford & Co. lifted its position in Symbotic by 32.0% during the third quarter. Baillie Gifford & Co. now owns 14,070,999 shares of the company's stock worth $343,192,000 after purchasing an additional 3,410,050 shares during the period. Thematics Asset Management lifted its holdings in shares of Symbotic by 30.1% during the 3rd quarter. Thematics Asset Management now owns 1,048,170 shares of the company's stock worth $25,565,000 after acquiring an additional 242,661 shares during the period. Exchange Traded Concepts LLC boosted its position in shares of Symbotic by 76.8% during the 3rd quarter. Exchange Traded Concepts LLC now owns 873,987 shares of the company's stock worth $21,317,000 after acquiring an additional 379,726 shares in the last quarter. Geode Capital Management LLC increased its stake in Symbotic by 10.2% in the third quarter. Geode Capital Management LLC now owns 503,758 shares of the company's stock valued at $12,290,000 after acquiring an additional 46,721 shares during the last quarter. Finally, TCW Group Inc. raised its position in Symbotic by 0.8% during the third quarter. TCW Group Inc. now owns 384,274 shares of the company's stock valued at $9,372,000 after purchasing an additional 3,075 shares in the last quarter.

Symbotic Stock Up 1.5 %

SYM traded up $0.38 during midday trading on Friday, hitting $26.37. 2,795,304 shares of the company were exchanged, compared to its average volume of 2,664,991. The firm's 50 day moving average price is $27.15 and its 200-day moving average price is $26.82. Symbotic Inc. has a 1-year low of $17.11 and a 1-year high of $50.40. The firm has a market capitalization of $15.49 billion, a P/E ratio of -439.50, a P/E/G ratio of 7.29 and a beta of 1.79.

Symbotic (NASDAQ:SYM - Get Free Report) last posted its quarterly earnings data on Wednesday, February 5th. The company reported ($0.03) EPS for the quarter, topping analysts' consensus estimates of ($0.04) by $0.01. Symbotic had a positive return on equity of 6.49% and a negative net margin of 0.32%. On average, sell-side analysts predict that Symbotic Inc. will post 0.13 earnings per share for the current fiscal year.

Analyst Ratings Changes

SYM has been the topic of a number of research analyst reports. Cantor Fitzgerald reaffirmed an "overweight" rating and issued a $60.00 target price on shares of Symbotic in a report on Thursday. TD Cowen raised their price objective on Symbotic from $43.00 to $50.00 and gave the company a "buy" rating in a research note on Tuesday, November 26th. The Goldman Sachs Group lowered their target price on Symbotic from $28.00 to $25.00 and set a "neutral" rating for the company in a research note on Thursday. BWS Financial restated a "sell" rating and issued a $10.00 price target on shares of Symbotic in a research note on Tuesday, January 21st. Finally, KeyCorp reaffirmed a "sector weight" rating on shares of Symbotic in a report on Wednesday, November 27th. One analyst has rated the stock with a sell rating, seven have given a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Hold" and an average price target of $38.33.

Insider Activity

In related news, CFO Carol J. Hibbard sold 4,055 shares of the stock in a transaction on Wednesday, February 5th. The shares were sold at an average price of $30.70, for a total transaction of $124,488.50. Following the transaction, the chief financial officer now directly owns 44,386 shares of the company's stock, valued at $1,362,650.20. This represents a 8.37 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Michael David Dunn sold 63,867 shares of Symbotic stock in a transaction on Monday, December 9th. The shares were sold at an average price of $30.08, for a total transaction of $1,921,119.36. Following the completion of the sale, the insider now directly owns 24,055 shares of the company's stock, valued at approximately $723,574.40. This trade represents a 72.64 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 94,007 shares of company stock valued at $2,827,909. 0.60% of the stock is currently owned by insiders.

About Symbotic

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.