Baillie Gifford & Co. Sells 166,210 Shares of Symbotic Inc. (NASDAQ:SYM)

Baillie Gifford & Co. cut its position in Symbotic Inc. (NASDAQ:SYM) by 1.2% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 13,904,789 shares of the company’s stock after selling 166,210 shares during the quarter. Baillie Gifford & Co. owned about 2.37% of Symbotic worth $329,683,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the company. Castleview Partners LLC boosted its stake in Symbotic by 50.0% in the 3rd quarter. Castleview Partners LLC now owns 1,500 shares of the company’s stock valued at $37,000 after purchasing an additional 500 shares during the period. Van ECK Associates Corp lifted its position in shares of Symbotic by 28.4% during the 3rd quarter. Van ECK Associates Corp now owns 3,497 shares of the company’s stock valued at $85,000 after acquiring an additional 774 shares during the period. National Bank of Canada FI lifted its position in shares of Symbotic by 36.8% during the 3rd quarter. National Bank of Canada FI now owns 3,557 shares of the company’s stock valued at $87,000 after acquiring an additional 957 shares during the period. RiverPark Advisors LLC lifted its position in shares of Symbotic by 147.1% during the 3rd quarter. RiverPark Advisors LLC now owns 2,034 shares of the company’s stock valued at $50,000 after acquiring an additional 1,211 shares during the period. Finally, nVerses Capital LLC lifted its position in shares of Symbotic by 31.1% during the 3rd quarter. nVerses Capital LLC now owns 5,900 shares of the company’s stock valued at $144,000 after acquiring an additional 1,400 shares during the period.

Insider Buying and Selling at Symbotic

In other Symbotic news, Director Todd Krasnow sold 2,000 shares of the company’s stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $24.04, for a total value of $48,080.00. Following the sale, the director now owns 214,036 shares in the company, valued at approximately $5,145,425.44. The trade was a 0.93 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CFO Carol J. Hibbard sold 4,055 shares of the company’s stock in a transaction dated 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 sale, the chief financial officer now owns 44,386 shares in the company, valued at $1,362,650.20. This trade represents a 8.37 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 104,454 shares of company stock worth $3,110,501. Insiders own 0.60% of the company’s stock.

Symbotic Stock Down 2.4 %

Shares of SYM opened at $27.06 on Monday. The business has a 50-day simple moving average of $27.30 and a two-hundred day simple moving average of $26.39. Symbotic Inc. has a 12-month low of $17.11 and a 12-month high of $50.40. The stock has a market cap of $15.90 billion, a PE ratio of -386.52, a PEG ratio of 6.45 and a beta of 1.79.

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

Analysts Set New Price Targets

A number of research firms have recently weighed in on SYM. Oppenheimer began coverage on Symbotic in a research report on Wednesday, January 15th. They set an “outperform” rating and a $35.00 target price for the company. KeyCorp reiterated a “sector weight” rating on shares of Symbotic in a research report on Wednesday, November 27th. TD Cowen boosted their price target on Symbotic from $43.00 to $50.00 and gave the stock a “buy” rating in a report on Tuesday, November 26th. Craig Hallum cut Symbotic from a “buy” rating to a “hold” rating and set a $25.00 price target for the company. in a report on Wednesday, November 27th. Finally, DA Davidson raised Symbotic from a “neutral” rating to a “buy” rating and set a $35.00 price target for the company in a report on Wednesday, January 8th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and nine have assigned a buy rating to the company. According to MarketBeat.com, Symbotic currently has a consensus rating of “Hold” and an average target price of $38.33.

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.