Virtu Financial LLC Takes Position in Symbotic Inc. (NASDAQ:SYM)

Virtu Financial LLC acquired a new position in Symbotic Inc. (NASDAQ:SYM) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 35,889 shares of the company’s stock, valued at approximately $851,000.

A number of other large investors also recently bought and sold shares of SYM. IFP Advisors Inc grew its position 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 buying an additional 503 shares during the last quarter. Private Trust Co. NA acquired a new stake in Symbotic in the fourth quarter valued at approximately $47,000. Jones Financial Companies Lllp grew its holdings in Symbotic by 154.1% in the fourth quarter. Jones Financial Companies Lllp now owns 2,457 shares of the company’s stock worth $58,000 after purchasing an additional 1,490 shares during the last quarter. Quest Partners LLC increased its position in shares of Symbotic by 19,307.7% during the third quarter. Quest Partners LLC now owns 2,523 shares of the company’s stock worth $62,000 after purchasing an additional 2,510 shares in the last quarter. Finally, MCF Advisors LLC purchased a new stake in shares of Symbotic during the 4th quarter valued at $85,000.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on SYM shares. The Goldman Sachs Group reduced their target price on Symbotic from $28.00 to $25.00 and set a “neutral” rating on the stock in a research report on Thursday, February 6th. Citigroup reaffirmed a “buy” rating and issued a $37.00 price objective on shares of Symbotic in a research report on Monday, January 13th. Oppenheimer began coverage on shares of Symbotic in a research report on Wednesday, January 15th. They set an “outperform” rating and a $35.00 target price on the stock. William Blair reaffirmed a “market perform” rating on shares of Symbotic in a report on Thursday, December 5th. Finally, Needham & Company LLC cut their target price on Symbotic from $35.00 to $32.00 and set a “buy” rating on the stock in a research report on Thursday, February 6th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and nine have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $38.20.

Insider Transactions at Symbotic

In other Symbotic news, CFO Carol J. Hibbard sold 4,055 shares of the company’s stock in a transaction on Wednesday, February 5th. The shares were sold at an average price of $30.70, for a total transaction 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. This represents a 8.37 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider William M. Boyd III sold 2,455 shares of Symbotic stock in a transaction dated Monday, March 17th. The shares were sold at an average price of $22.31, for a total transaction of $54,771.05. Following the completion of the sale, the insider now owns 39,659 shares in the company, valued at approximately $884,792.29. This trade represents a 5.83 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 76,442 shares of company stock valued at $2,120,023 in the last ninety days. 0.60% of the stock is currently owned by corporate insiders.

Symbotic Trading Up 5.0 %

Shares of SYM stock opened at $23.50 on Tuesday. Symbotic Inc. has a twelve month low of $17.11 and a twelve month high of $50.41. The stock has a market cap of $13.83 billion, a P/E ratio of -335.67, a P/E/G ratio of 6.48 and a beta of 1.85. The stock has a 50 day moving average of $26.06 and a 200 day moving average of $26.64.

Symbotic (NASDAQ:SYM) last posted 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 negative net margin of 0.38% and a positive return on equity of 5.11%. On average, research analysts predict that Symbotic Inc. will post 0.13 earnings per share for the current fiscal year.

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.