Barclays PLC grew its holdings in Symbotic Inc. (NASDAQ:SYM – Free Report) by 1,105.9% in the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 9,346 shares of the company’s stock after buying an additional 8,571 shares during the quarter. Barclays PLC’s holdings in Symbotic were worth $228,000 at the end of the most recent quarter.
A number of other large investors have also recently made changes to their positions in SYM. Baillie Gifford & Co. increased its position in Symbotic by 32.0% during the 3rd quarter. Baillie Gifford & Co. now owns 14,070,999 shares of the company’s stock valued at $343,192,000 after buying an additional 3,410,050 shares in the last quarter. Thematics Asset Management grew its stake in shares of Symbotic by 30.1% in the third 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 last quarter. Exchange Traded Concepts LLC increased its holdings in shares of Symbotic by 76.8% during the third quarter. Exchange Traded Concepts LLC now owns 873,987 shares of the company’s stock valued at $21,317,000 after acquiring an additional 379,726 shares in the last quarter. Canada Pension Plan Investment Board raised its position in shares of Symbotic by 191.5% in the 2nd quarter. Canada Pension Plan Investment Board now owns 775,900 shares of the company’s stock worth $27,281,000 after purchasing an additional 509,700 shares during the last quarter. Finally, Millennium Management LLC boosted its stake in Symbotic by 6,694.5% in the 2nd quarter. Millennium Management LLC now owns 335,649 shares of the company’s stock worth $11,801,000 after purchasing an additional 330,709 shares in the last quarter.
Symbotic Price Performance
Shares of SYM stock opened at $26.70 on Tuesday. The stock’s 50-day moving average is $28.58 and its 200 day moving average is $27.94. Symbotic Inc. has a 1-year low of $17.11 and a 1-year high of $52.20. The company has a market cap of $15.68 billion, a P/E ratio of -445.00 and a beta of 1.76.
Analyst Ratings Changes
SYM has been the topic of several analyst reports. Craig Hallum downgraded shares of Symbotic from a “buy” rating to a “hold” rating and set a $25.00 target price on the stock. in a research note on Wednesday, November 27th. Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $60.00 price objective on shares of Symbotic in a research report on Tuesday, November 19th. The Goldman Sachs Group decreased their price target on Symbotic from $34.00 to $28.00 and set a “neutral” rating for the company in a research note on Wednesday, December 4th. BWS Financial reaffirmed a “sell” rating and set a $10.00 price target on shares of Symbotic in a report on Tuesday, November 19th. Finally, Needham & Company LLC decreased their target price on Symbotic from $46.00 to $35.00 and set a “buy” rating for the company in a research report on Wednesday, November 27th. One research analyst has rated the stock with a sell rating, six have given a hold rating and eight have given a buy rating to the stock. According to MarketBeat.com, Symbotic has an average rating of “Hold” and a consensus target price of $41.79.
View Our Latest Stock Report on Symbotic
Insider Buying and Selling
In related news, insider Michael David Dunn sold 5,365 shares of the business’s stock in a transaction on Friday, January 3rd. The shares were 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 directly owns 31,860 shares in the company, valued at $783,756. The trade was a 14.41 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Todd Krasnow sold 2,000 shares of the stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $24.04, for a total transaction of $48,080.00. Following the sale, the director now directly owns 214,036 shares in the company, valued at approximately $5,145,425.44. The trade was a 0.93 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 111,844 shares of company stock worth $3,268,431 in the last 90 days. Insiders own 38.30% of the company’s stock.
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.
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