Virtu Financial LLC Acquires Shares of 35,889 Symbotic Inc. (NASDAQ:SYM)

Virtu Financial LLC acquired a new position in shares of Symbotic Inc. (NASDAQ:SYM - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 35,889 shares of the company's stock, valued at approximately $851,000.

A number of other large investors also recently made changes to their positions in SYM. Thematics Asset Management raised its stake 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 purchasing an additional 242,661 shares during the period. Raymond James Financial Inc. acquired a new position in shares of Symbotic during the fourth quarter worth $20,754,000. TCW Group Inc. raised its stake in shares of Symbotic by 51.7% during the fourth quarter. TCW Group Inc. now owns 582,955 shares of the company's stock valued at $13,822,000 after acquiring an additional 198,681 shares during the last quarter. Geode Capital Management LLC lifted its position in shares of Symbotic by 10.2% in the 3rd quarter. Geode Capital Management LLC now owns 503,758 shares of the company's stock worth $12,290,000 after purchasing an additional 46,721 shares during the period. Finally, State Street Corp lifted its stake in Symbotic by 2.6% in the third quarter. State Street Corp now owns 319,235 shares of the company's stock valued at $7,786,000 after buying an additional 7,990 shares during the period.

Symbotic Price Performance

Shares of Symbotic stock traded down $1.35 during trading on Friday, hitting $20.16. 1,619,634 shares of the company's stock traded hands, compared to its average volume of 1,894,807. Symbotic Inc. has a 1 year low of $17.11 and a 1 year high of $48.98. The business has a 50-day simple moving average of $25.72 and a 200-day simple moving average of $26.61. The stock has a market capitalization of $11.86 billion, a P/E ratio of -287.96, a PEG ratio of 6.48 and a beta of 1.85.

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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, beating analysts' consensus estimates of ($0.04) by $0.01. Symbotic had a positive return on equity of 5.11% and a negative net margin of 0.38%. On average, equities analysts predict that Symbotic Inc. will post 0.13 earnings per share for the current fiscal year.

Insider Transactions at Symbotic

In other Symbotic news, Director Rollin L. Ford sold 28,740 shares of the firm's stock in a transaction dated Thursday, February 20th. The stock was sold at an average price of $26.02, for a total transaction of $747,814.80. Following the sale, the director now directly owns 10,447 shares of the company's stock, valued at $271,830.94. This trade represents a 73.34 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Michael David Dunn sold 5,365 shares of the company's stock in a transaction that occurred on Friday, January 3rd. The stock was 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 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 disclosure for this sale can be found here. Insiders sold 76,442 shares of company stock worth $2,120,023 in the last three months. Corporate insiders own 0.60% of the company's stock.

Analysts Set New Price Targets

SYM has been the subject of several recent research reports. Raymond James downgraded shares of Symbotic from an "outperform" rating to a "market perform" rating in a research report on Thursday, February 6th. Northland Securities increased their price objective on Symbotic from $35.00 to $41.00 and gave the stock an "outperform" rating in a report on Friday, January 17th. The Goldman Sachs Group dropped their price target on Symbotic from $28.00 to $25.00 and set a "neutral" rating for the company in a research report on Thursday, February 6th. Needham & Company LLC reduced their price target on shares of Symbotic from $35.00 to $32.00 and set a "buy" rating on the stock in a research report on Thursday, February 6th. Finally, Oppenheimer began coverage on shares of Symbotic in a report on Wednesday, January 15th. They set an "outperform" rating and a $35.00 price target for the company. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and nine have issued a buy rating to the company's stock. According to MarketBeat, Symbotic has a consensus rating of "Hold" and an average target price of $38.20.

Symbotic 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.