Virtu Financial LLC Invests $851,000 in Symbotic Inc. (NASDAQ:SYM)

Virtu Financial LLC acquired a new stake in Symbotic Inc. (NASDAQ:SYM) in the 4th quarter, HoldingsChannel reports. The institutional investor acquired 35,889 shares of the company’s stock, valued at approximately $851,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. IFP Advisors Inc grew its position in shares of Symbotic by 58.2% in the fourth quarter. IFP Advisors Inc now owns 1,368 shares of the company’s stock valued at $32,000 after purchasing an additional 503 shares in the last quarter. Commonwealth Equity Services LLC raised its stake in Symbotic by 1.3% during the fourth quarter. Commonwealth Equity Services LLC now owns 48,672 shares of the company’s stock worth $1,154,000 after purchasing an additional 619 shares during the period. National Bank of Canada FI boosted its holdings in Symbotic by 36.8% in the 3rd quarter. National Bank of Canada FI now owns 3,557 shares of the company’s stock valued at $87,000 after purchasing an additional 957 shares during the last quarter. Jones Financial Companies Lllp grew its stake in shares of Symbotic by 154.1% in the 4th quarter. Jones Financial Companies Lllp now owns 2,457 shares of the company’s stock valued at $58,000 after buying an additional 1,490 shares during the period. Finally, Tanaka Capital Management Inc. increased its holdings in shares of Symbotic by 3.7% during the 3rd quarter. Tanaka Capital Management Inc. now owns 43,092 shares of the company’s stock worth $1,051,000 after buying an additional 1,555 shares during the last quarter.

Analyst Ratings Changes

SYM has been the topic of a number of recent analyst reports. Oppenheimer assumed coverage on Symbotic in a report on Wednesday, January 15th. They issued an “outperform” rating and a $35.00 price objective on the stock. UBS Group decreased their price target on Symbotic from $32.00 to $30.00 and set a “neutral” rating on the stock in a research note on Tuesday, February 25th. Raymond James downgraded Symbotic from an “outperform” rating to a “market perform” rating in a research report on Thursday, February 6th. Craig Hallum cut shares of Symbotic from a “buy” rating to a “hold” rating and set a $25.00 target price on the stock. in a research report on Wednesday, November 27th. Finally, KeyCorp reiterated a “sector weight” rating on shares of Symbotic in a research report on Wednesday, November 27th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and nine have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price 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 value of $124,488.50. Following the completion of the transaction, the chief financial officer now owns 44,386 shares in the company, valued at $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 available at this hyperlink. Also, insider Michael David Dunn sold 5,365 shares of Symbotic stock in a transaction dated Friday, January 3rd. The stock was sold at an average price of $24.60, for a total value of $131,979.00. Following the sale, the insider now owns 31,860 shares in the company, valued at $783,756. This trade represents a 14.41 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 76,442 shares of company stock valued at $2,120,023. 0.60% of the stock is currently owned by corporate insiders.

Symbotic Stock Up 5.0 %

Shares of SYM stock opened at $23.50 on Tuesday. The firm has a 50 day moving average of $26.06 and a two-hundred day moving average of $26.64. The stock has a market capitalization of $13.83 billion, a PE ratio of -335.67, a P/E/G ratio of 6.48 and a beta of 1.85. Symbotic Inc. has a 52 week low of $17.11 and a 52 week high of $50.41.

Symbotic (NASDAQ:SYM) last released its earnings results on Wednesday, February 5th. The company reported ($0.03) earnings per share (EPS) for the quarter, beating 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%. Analysts expect that Symbotic Inc. will post 0.13 EPS 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.