Jones Financial Companies Lllp Increases Stock Holdings in Symbotic Inc. (NASDAQ:SYM)

Jones Financial Companies Lllp increased its holdings in shares of Symbotic Inc. (NASDAQ:SYM) by 154.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,457 shares of the company’s stock after buying an additional 1,490 shares during the quarter. Jones Financial Companies Lllp’s holdings in Symbotic were worth $58,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also added to or reduced their stakes in the company. Thematics Asset Management boosted 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 buying an additional 242,661 shares during the last quarter. TCW Group Inc. boosted its stake in shares of Symbotic by 51.7% in the fourth quarter. TCW Group Inc. now owns 582,955 shares of the company’s stock worth $13,822,000 after buying an additional 198,681 shares during the last quarter. Geode Capital Management LLC boosted its stake in shares of Symbotic by 10.2% in the third quarter. Geode Capital Management LLC now owns 503,758 shares of the company’s stock worth $12,290,000 after buying an additional 46,721 shares during the last quarter. State Street Corp boosted its stake in shares of Symbotic by 2.6% in the third quarter. State Street Corp now owns 319,235 shares of the company’s stock worth $7,786,000 after buying an additional 7,990 shares during the last quarter. Finally, Hodges Capital Management Inc. boosted its stake in shares of Symbotic by 7.9% in the fourth quarter. Hodges Capital Management Inc. now owns 273,841 shares of the company’s stock worth $6,492,000 after buying an additional 20,111 shares during the last quarter.

Insider Activity

In other Symbotic news, CFO Carol J. Hibbard sold 4,055 shares of the firm’s 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 sale, the chief financial officer now directly owns 44,386 shares in the company, valued at $1,362,650.20. This trade represents a 8.37 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Michael David Dunn sold 1,971 shares of the firm’s stock in a transaction on Thursday, January 30th. The shares were sold at an average price of $30.00, for a total value of $59,130.00. Following the completion of the sale, the insider now owns 22,301 shares in the company, valued at approximately $669,030. This represents a 8.12 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 73,987 shares of company stock worth $2,065,252. Corporate insiders own 0.60% of the company’s stock.

Symbotic Price Performance

SYM stock opened at $22.31 on Tuesday. The firm has a market capitalization of $13.13 billion, a PE ratio of -318.67, a price-to-earnings-growth ratio of 6.48 and a beta of 1.85. Symbotic Inc. has a 1 year low of $17.11 and a 1 year high of $50.41. The business has a 50 day simple moving average of $26.43 and a 200-day simple moving average of $26.52.

Symbotic (NASDAQ:SYM) last issued its quarterly earnings data on Wednesday, February 5th. The company reported ($0.03) earnings per share for the quarter, topping 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%. On average, equities research analysts expect that Symbotic Inc. will post 0.13 EPS for the current year.

Wall Street Analysts Forecast Growth

SYM has been the topic of a number of recent research reports. DA Davidson upgraded Symbotic from a “neutral” rating to a “buy” rating and set a $35.00 target price on the stock in a research note on Wednesday, January 8th. The Goldman Sachs Group reduced their price target on Symbotic from $28.00 to $25.00 and set a “neutral” rating for the company in a report on Thursday, February 6th. UBS Group reduced their price target on Symbotic from $32.00 to $30.00 and set a “neutral” rating for the company in a report on Tuesday, February 25th. Citigroup reaffirmed a “buy” rating and issued a $37.00 price target on shares of Symbotic in a report on Monday, January 13th. Finally, KeyCorp reaffirmed a “sector weight” rating on shares of Symbotic in a report on Wednesday, November 27th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and nine have issued a buy rating to the stock. According to MarketBeat, Symbotic has a consensus rating of “Hold” and an average price target of $38.20.

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.