Symbotic Inc. (NASDAQ:SYM) Shares Bought by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. boosted its position in shares of Symbotic Inc. (NASDAQ:SYM) by 5.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 230,996 shares of the company’s stock after buying an additional 11,922 shares during the period. Charles Schwab Investment Management Inc.’s holdings in Symbotic were worth $5,477,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in SYM. SBI Securities Co. Ltd. purchased a new position in Symbotic during the 4th quarter worth $154,000. Jones Financial Companies Lllp boosted its stake in shares of Symbotic by 154.1% during the fourth quarter. Jones Financial Companies Lllp now owns 2,457 shares of the company’s stock worth $58,000 after buying an additional 1,490 shares during the period. Private Trust Co. NA purchased a new position in shares of Symbotic during the fourth quarter worth about $47,000. Taylor Frigon Capital Management LLC increased its position in Symbotic by 18.7% in the 4th quarter. Taylor Frigon Capital Management LLC now owns 83,233 shares of the company’s stock valued at $1,973,000 after acquiring an additional 13,104 shares during the period. Finally, ARK Investment Management LLC purchased a new stake in Symbotic during the 4th quarter valued at approximately $4,506,000.

Symbotic Price Performance

Shares of NASDAQ:SYM opened at $23.38 on Wednesday. The firm has a market capitalization of $13.76 billion, a price-to-earnings ratio of -333.95, a price-to-earnings-growth ratio of 6.48 and a beta of 1.85. The business’s 50 day simple moving average is $26.02 and its 200-day simple moving average is $26.68. Symbotic Inc. has a 12 month low of $17.11 and a 12 month high of $50.26.

Symbotic (NASDAQ:SYM) last posted its earnings results on Wednesday, February 5th. The company reported ($0.03) EPS for the quarter, topping analysts’ consensus estimates of ($0.04) by $0.01. Symbotic had a positive return on equity of 5.11% and a negative net margin of 0.38%. On average, equities analysts anticipate that Symbotic Inc. will post 0.13 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on SYM. Craig Hallum cut Symbotic from a “buy” rating to a “hold” rating and set a $25.00 price objective for the company. in a research report on Wednesday, November 27th. William Blair reaffirmed a “market perform” rating on shares of Symbotic in a report on Thursday, December 5th. Northland Securities lifted their price objective on shares of Symbotic from $35.00 to $41.00 and gave the company an “outperform” rating in a research report on Friday, January 17th. Cantor Fitzgerald restated an “overweight” rating and set a $60.00 price objective on shares of Symbotic in a research report on Thursday, February 6th. Finally, KeyCorp restated a “sector weight” rating on shares of Symbotic in a research note on Wednesday, November 27th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and nine have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $38.20.

Insider Activity

In related news, CFO Carol J. Hibbard sold 4,055 shares of the company’s stock in a transaction that occurred 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 owns 44,386 shares of the company’s stock, valued at approximately $1,362,650.20. This represents a 8.37 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Michael David Dunn sold 1,971 shares of the stock in a transaction that occurred on Thursday, January 30th. The stock was sold at an average price of $30.00, for a total transaction of $59,130.00. Following the transaction, the insider now directly owns 22,301 shares in the company, valued at approximately $669,030. This represents a 8.12 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 76,442 shares of company stock worth $2,120,023 over the last three months. 0.60% of the stock is currently 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.