SBI Securities Co. Ltd. Takes Position in Symbotic Inc. (NASDAQ:SYM)

SBI Securities Co. Ltd. acquired a new stake in Symbotic Inc. (NASDAQ:SYM) during the 4th quarter, according to its most recent filing with the SEC. The institutional investor acquired 6,491 shares of the company’s stock, valued at approximately $154,000.

Several other large investors also recently modified their holdings of SYM. IFP Advisors Inc boosted its holdings in shares of Symbotic by 58.2% in the 4th quarter. IFP Advisors Inc now owns 1,368 shares of the company’s stock worth $32,000 after acquiring an additional 503 shares in the last quarter. Private Trust Co. NA acquired a new position in shares of Symbotic in the 4th quarter worth approximately $47,000. RiverPark Advisors LLC boosted its holdings in shares of Symbotic by 147.1% in the 3rd quarter. RiverPark Advisors LLC now owns 2,034 shares of the company’s stock worth $50,000 after acquiring an additional 1,211 shares in the last quarter. Jones Financial Companies Lllp boosted its holdings in shares of Symbotic by 154.1% in the 4th quarter. Jones Financial Companies Lllp now owns 2,457 shares of the company’s stock worth $58,000 after acquiring an additional 1,490 shares in the last quarter. Finally, Quest Partners LLC boosted its holdings in shares of Symbotic by 19,307.7% in the 3rd quarter. Quest Partners LLC now owns 2,523 shares of the company’s stock worth $62,000 after acquiring an additional 2,510 shares in the last quarter.

Insider Activity at Symbotic

In other Symbotic news, insider Michael David Dunn sold 63,867 shares of the stock in a transaction dated Monday, December 9th. The stock was sold at an average price of $30.08, for a total transaction of $1,921,119.36. Following the completion of the transaction, the insider now owns 24,055 shares in the company, valued at approximately $723,574.40. This represents a 72.64 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Rollin L. Ford sold 28,740 shares of the stock in a transaction dated Thursday, February 20th. The stock was sold at an average price of $26.02, for a total value of $747,814.80. Following the transaction, the director now owns 10,447 shares of the company’s stock, valued at approximately $271,830.94. This trade represents a 73.34 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 137,854 shares of company stock worth $3,986,371 in the last quarter. Corporate insiders own 0.60% of the company’s stock.

Symbotic Stock Up 6.1 %

SYM stock opened at $23.29 on Friday. Symbotic Inc. has a twelve month low of $17.11 and a twelve month high of $50.40. The business’s fifty day moving average is $26.84 and its 200-day moving average is $26.49. The company has a market cap of $13.70 billion, a P/E ratio of -332.67, a price-to-earnings-growth ratio of 6.48 and a beta of 1.85.

Symbotic (NASDAQ:SYM) last released 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 negative net margin of 0.38% and a positive return on equity of 5.11%. Research analysts anticipate that Symbotic Inc. will post 0.13 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages have recently commented on SYM. DA Davidson raised Symbotic from a “neutral” rating to a “buy” rating and set a $35.00 target price on the stock in a report on Wednesday, January 8th. TD Cowen upped their price objective on Symbotic from $43.00 to $50.00 and gave the stock a “buy” rating in a report on Tuesday, November 26th. KeyCorp reaffirmed a “sector weight” rating on shares of Symbotic in a report on Wednesday, November 27th. BWS Financial reaffirmed a “sell” rating and set a $10.00 price objective on shares of Symbotic in a report on Tuesday, January 21st. Finally, William Blair reaffirmed a “market perform” rating on shares of Symbotic in a report on Thursday, December 5th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat.com, Symbotic currently has a consensus rating of “Hold” and an average target price of $38.20.

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.