Symbotic Inc. (NASDAQ:SYM) Shares Sold by Retirement Planning Co of New England Inc.

Retirement Planning Co of New England Inc. lessened its position in shares of Symbotic Inc. (NASDAQ:SYM) by 4.8% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 27,328 shares of the company’s stock after selling 1,363 shares during the period. Retirement Planning Co of New England Inc.’s holdings in Symbotic were worth $648,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. IFP Advisors Inc grew its holdings in Symbotic by 58.2% during the 4th quarter. IFP Advisors Inc now owns 1,368 shares of the company’s stock worth $32,000 after acquiring an additional 503 shares in the last quarter. Private Trust Co. NA acquired a new position in Symbotic during the 4th quarter worth approximately $47,000. Jones Financial Companies Lllp grew its holdings in Symbotic by 154.1% during the 4th quarter. Jones Financial Companies Lllp now owns 2,457 shares of the company’s stock worth $58,000 after acquiring an additional 1,490 shares in the last quarter. Quest Partners LLC grew its holdings in Symbotic by 19,307.7% during the 3rd quarter. Quest Partners LLC now owns 2,523 shares of the company’s stock worth $62,000 after acquiring an additional 2,510 shares in the last quarter. Finally, MCF Advisors LLC acquired a new position in Symbotic during the 4th quarter worth approximately $85,000.

Symbotic Price Performance

SYM stock opened at $22.31 on Tuesday. The company has a market cap of $13.13 billion, a price-to-earnings ratio of -318.67, a price-to-earnings-growth ratio of 6.48 and a beta of 1.85. Symbotic Inc. has a 12 month low of $17.11 and a 12 month high of $50.41. The company has a fifty day moving average price of $26.43 and a 200 day moving average price of $26.52.

Symbotic (NASDAQ:SYM) last announced its quarterly earnings data 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 negative net margin of 0.38% and a positive return on equity of 5.11%. As a group, analysts anticipate that Symbotic Inc. will post 0.13 earnings per share for the current year.

Insiders Place Their Bets

In other news, insider Michael David Dunn sold 3,635 shares of the company’s stock in a transaction on Friday, January 24th. The shares were sold at an average price of $33.28, for a total transaction of $120,972.80. Following the transaction, the insider now directly owns 24,272 shares of the company’s stock, valued at $807,772.16. This represents a 13.03 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Carol J. Hibbard sold 4,055 shares of the company’s stock in a transaction on Wednesday, February 5th. The stock was sold at an average price of $30.70, for a total transaction of $124,488.50. Following the transaction, the chief financial officer now directly owns 44,386 shares in the company, valued at approximately $1,362,650.20. This trade represents a 8.37 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 73,987 shares of company stock worth $2,065,252. 0.60% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the stock. TD Cowen boosted their price target on shares of Symbotic from $43.00 to $50.00 and gave the stock a “buy” rating in a report on Tuesday, November 26th. Northland Securities boosted their price objective on shares of Symbotic from $35.00 to $41.00 and gave the stock an “outperform” rating in a research report on Friday, January 17th. William Blair restated a “market perform” rating on shares of Symbotic in a research report on Thursday, December 5th. Citigroup restated a “buy” rating and set a $37.00 price objective on shares of Symbotic in a research report on Monday, January 13th. Finally, DA Davidson upgraded shares of Symbotic from a “neutral” rating to a “buy” rating and set a $35.00 price objective for the company in a research report on Wednesday, January 8th. 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. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price 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.