Barclays PLC Has $208,000 Stock Holdings in Symbotic Inc. (NASDAQ:SYM)

Barclays PLC decreased its position in shares of Symbotic Inc. (NASDAQ:SYM) by 6.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 8,762 shares of the company’s stock after selling 584 shares during the period. Barclays PLC’s holdings in Symbotic were worth $208,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also made changes to their positions in the company. JPMorgan Chase & Co. boosted its position in Symbotic by 100.6% in the fourth quarter. JPMorgan Chase & Co. now owns 17,349 shares of the company’s stock valued at $411,000 after buying an additional 3,110,075 shares in the last quarter. Vanguard Group Inc. boosted its position in Symbotic by 41.3% in the fourth quarter. Vanguard Group Inc. now owns 4,970,292 shares of the company’s stock valued at $117,846,000 after buying an additional 1,452,627 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in Symbotic in the fourth quarter valued at approximately $20,754,000. TCW Group Inc. boosted its position in Symbotic by 51.7% in the fourth quarter. TCW Group Inc. now owns 582,955 shares of the company’s stock valued at $13,822,000 after buying an additional 198,681 shares in the last quarter. Finally, ARK Investment Management LLC acquired a new stake in Symbotic in the fourth quarter valued at approximately $4,506,000.

Insider Buying and Selling at Symbotic

In other Symbotic news, CFO Carol J. Hibbard sold 4,628 shares of Symbotic stock in a transaction on Tuesday, May 6th. The shares were sold at an average price of $22.62, for a total value of $104,685.36. Following the completion of the sale, the chief financial officer now directly owns 54,011 shares of the company’s stock, valued at approximately $1,221,728.82. The trade was a 7.89% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider William M. Boyd III sold 2,660 shares of Symbotic stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $27.60, for a total transaction of $73,416.00. Following the completion of the sale, the insider now directly owns 40,812 shares of the company’s stock, valued at approximately $1,126,411.20. This trade represents a 6.12% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 60,847 shares of company stock valued at $1,469,989. Corporate insiders own 0.60% of the company’s stock.

Symbotic Stock Up 5.1%

Shares of NASDAQ SYM opened at $26.00 on Tuesday. Symbotic Inc. has a twelve month low of $16.32 and a twelve month high of $47.42. The firm has a fifty day simple moving average of $21.37 and a 200 day simple moving average of $25.68. The company has a market capitalization of $15.30 billion, a PE ratio of -371.38, a P/E/G ratio of 6.48 and a beta of 1.85.

Symbotic (NASDAQ:SYM) last posted its quarterly earnings results on Wednesday, May 7th. The company reported ($0.04) earnings per share for the quarter, missing the consensus estimate of $0.05 by ($0.09). Symbotic had a negative net margin of 0.38% and a positive return on equity of 5.11%. The company had revenue of $549.65 million during the quarter, compared to the consensus estimate of $522.36 million. During the same period last year, the firm posted ($0.07) earnings per share. The company’s revenue for the quarter was up 39.7% on a year-over-year basis. As a group, equities analysts expect that Symbotic Inc. will post 0.13 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of brokerages have recently commented on SYM. Cantor Fitzgerald reiterated an “overweight” rating and set a $60.00 price target on shares of Symbotic in a report on Thursday, February 6th. Northland Securities lifted their price target on shares of Symbotic from $35.00 to $41.00 and gave the stock an “outperform” rating in a report on Friday, January 17th. 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 on the stock. The Goldman Sachs Group cut their price target on shares of Symbotic from $25.00 to $18.00 and set a “neutral” rating on the stock in a report on Thursday, April 10th. Finally, Needham & Company LLC cut their price target on shares of Symbotic from $35.00 to $32.00 and set a “buy” rating on the stock in a report on Thursday, February 6th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and nine have assigned a buy rating to the company’s stock. According to MarketBeat, Symbotic currently has a consensus rating of “Hold” and an average target price of $37.20.

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.