Jones Financial Companies Lllp Buys 1,490 Shares of Symbotic Inc. (NASDAQ:SYM)

Jones Financial Companies Lllp boosted its stake in Symbotic Inc. (NASDAQ:SYM) by 154.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 2,457 shares of the company’s stock after purchasing an additional 1,490 shares during the quarter. Jones Financial Companies Lllp’s holdings in Symbotic were worth $58,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also added to or reduced their stakes in SYM. IFP Advisors Inc boosted its position in shares of Symbotic by 58.2% during the 4th quarter. IFP Advisors Inc now owns 1,368 shares of the company’s stock valued at $32,000 after acquiring an additional 503 shares during the last quarter. Private Trust Co. NA bought a new stake in shares of Symbotic during the 4th quarter valued at about $47,000. Quest Partners LLC boosted its position in shares of Symbotic by 19,307.7% during the 3rd quarter. Quest Partners LLC now owns 2,523 shares of the company’s stock valued at $62,000 after acquiring an additional 2,510 shares during the last quarter. MCF Advisors LLC bought a new stake in shares of Symbotic during the 4th quarter valued at about $85,000. Finally, Quarry LP boosted its position in shares of Symbotic by 89.9% during the 3rd quarter. Quarry LP now owns 3,508 shares of the company’s stock valued at $86,000 after acquiring an additional 1,661 shares during the last quarter.

Analyst Ratings Changes

A number of brokerages recently weighed in on SYM. UBS Group decreased their price objective on Symbotic from $32.00 to $30.00 and set a “neutral” rating on the stock in a report on Tuesday, February 25th. BWS Financial reaffirmed a “sell” rating and issued a $10.00 price target on shares of Symbotic in a research note on Tuesday, January 21st. Citigroup reaffirmed a “buy” rating and issued a $37.00 price target on shares of Symbotic in a research note on Monday, January 13th. Oppenheimer initiated coverage on Symbotic in a research note on Wednesday, January 15th. They issued an “outperform” rating and a $35.00 price target on the stock. Finally, Northland Securities lifted their price target on Symbotic from $35.00 to $41.00 and gave the stock an “outperform” rating in a research note on Friday, January 17th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and nine have issued a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $38.20.

Symbotic Stock Performance

SYM stock opened at $22.31 on Tuesday. Symbotic Inc. has a fifty-two week low of $17.11 and a fifty-two week high of $50.41. The business’s 50-day moving average is $26.43 and its two-hundred day moving average is $26.52. The company has a market cap of $13.13 billion, a price-to-earnings ratio of -318.67, a P/E/G ratio of 6.48 and a beta of 1.85.

Symbotic (NASDAQ:SYM) last posted its quarterly earnings data on Wednesday, February 5th. The company reported ($0.03) EPS for the quarter, topping 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%. Equities analysts predict that Symbotic Inc. will post 0.13 earnings per share for the current year.

Insider Buying and Selling at Symbotic

In other Symbotic news, CFO Carol J. Hibbard sold 4,055 shares of Symbotic stock in a transaction on Wednesday, February 5th. The stock was sold at an average price of $30.70, for a total transaction of $124,488.50. Following the completion of the sale, the chief financial officer now directly 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 document filed with the SEC, which is available at this hyperlink. Also, Director Rollin L. Ford sold 28,740 shares of Symbotic stock in a transaction on Thursday, February 20th. The shares were sold at an average price of $26.02, for a total value of $747,814.80. Following the sale, the director now directly owns 10,447 shares of the company’s stock, valued at approximately $271,830.94. This trade represents a 73.34 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 73,987 shares of company stock worth $2,065,252 in the last quarter. 0.60% of the stock is owned by corporate insiders.

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.