Baillie Gifford & Co. Has $329.68 Million Holdings in Symbotic Inc. (NASDAQ:SYM)

Baillie Gifford & Co. lessened its position in Symbotic Inc. (NASDAQ:SYM) by 1.2% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 13,904,789 shares of the company’s stock after selling 166,210 shares during the period. Baillie Gifford & Co.’s holdings in Symbotic were worth $329,683,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Littlejohn Financial Services Inc. acquired a new stake in Symbotic in the fourth quarter valued at approximately $784,000. Robocap Asset Management Ltd acquired a new stake in Symbotic in the fourth quarter valued at approximately $1,368,000. Hodges Capital Management Inc. grew its stake in Symbotic by 7.9% in the fourth quarter. Hodges Capital Management Inc. now owns 273,841 shares of the company’s stock valued at $6,492,000 after acquiring an additional 20,111 shares during the period. Spire Wealth Management bought a new position in shares of Symbotic in the fourth quarter valued at approximately $298,000. Finally, Intergy Private Wealth LLC bought a new position in shares of Symbotic in the fourth quarter valued at approximately $310,000.

Analysts Set New Price Targets

A number of research firms have recently weighed in on SYM. Craig Hallum lowered Symbotic from a “buy” rating to a “hold” rating and set a $25.00 target price on the stock. in a report on Wednesday, November 27th. Needham & Company LLC dropped their target price on Symbotic from $35.00 to $32.00 and set a “buy” rating on the stock in a report on Thursday, February 6th. DA Davidson upgraded 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. Northland Securities raised their target price on Symbotic from $35.00 to $41.00 and gave the company an “outperform” rating in a report on Friday, January 17th. Finally, Cantor Fitzgerald restated an “overweight” rating and issued a $60.00 target price on shares of Symbotic in a report on Thursday, February 6th. One 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. According to data from MarketBeat, Symbotic has a consensus rating of “Hold” and a consensus price target of $38.33.

Insider Buying and Selling at Symbotic

In other 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 value of $124,488.50. Following the completion of the transaction, the chief financial officer now directly owns 44,386 shares in the company, valued at approximately $1,362,650.20. The trade was a 8.37 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Michael David Dunn sold 63,867 shares of Symbotic stock in a transaction on Monday, December 9th. The shares were sold at an average price of $30.08, for a total value of $1,921,119.36. Following the completion of the transaction, the insider now owns 24,055 shares of the company’s stock, valued at approximately $723,574.40. This trade represents a 72.64 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 104,454 shares of company stock worth $3,110,501 over the last ninety days. 0.60% of the stock is currently owned by company insiders.

Symbotic Price Performance

Shares of SYM opened at $27.06 on Monday. The firm has a market cap of $15.90 billion, a PE ratio of -386.52, a PEG ratio of 6.45 and a beta of 1.79. The stock’s fifty day moving average price is $27.30 and its two-hundred day moving average price is $26.39. Symbotic Inc. has a 1 year low of $17.11 and a 1 year high of $50.40.

Symbotic (NASDAQ:SYM) last issued its earnings results on Wednesday, February 5th. The company reported ($0.03) earnings per share (EPS) for the quarter, beating 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%. Sell-side analysts anticipate that Symbotic Inc. will post 0.13 earnings per share for the current fiscal year.

Symbotic Company 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.