Universal Beteiligungs und Servicegesellschaft mbH Has $743,000 Stake in Symbotic Inc. $SYM

Key Points

• Universal Beteiligungs cut its stake in Symbotic by 58.2% in Q4, selling 17,223 shares and retaining 12,365 shares valued at about $743,000.
• Major institutions mostly raised positions—Vanguard now owns 4.695 million shares (~$253M), UBS 1.106 million, and ARK and Allspring also added exposure—while analysts' consensus is a Hold with an average price target of $65.62 (7 Buy, 6 Hold, 3 Sell).
• Insiders sold a notable 153,581 shares (~$8.88M) in the last quarter (including the CTO's 19,729-share sale to cover taxes), with insiders now owning 8.16% of the company.

Universal Beteiligungs und Servicegesellschaft mbH trimmed its holdings in Symbotic Inc. (NASDAQ:SYM - Free Report) by 58.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 12,365 shares of the company's stock after selling 17,223 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH's holdings in Symbotic were worth $743,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Vanguard Group Inc. raised its position in shares of Symbotic by 2.1% in the third quarter. Vanguard Group Inc. now owns 4,695,021 shares of the company's stock valued at $253,062,000 after buying an additional 98,384 shares in the last quarter. UBS Group AG raised its position in shares of Symbotic by 22.3% in the third quarter. UBS Group AG now owns 1,105,770 shares of the company's stock valued at $59,601,000 after buying an additional 201,547 shares in the last quarter. Allspring Global Investments Holdings LLC raised its position in shares of Symbotic by 23.1% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 726,411 shares of the company's stock valued at $47,122,000 after buying an additional 136,111 shares in the last quarter. ARK Investment Management LLC raised its position in shares of Symbotic by 32.4% in the third quarter. ARK Investment Management LLC now owns 589,887 shares of the company's stock valued at $31,795,000 after buying an additional 144,389 shares in the last quarter. Finally, First Trust Advisors LP raised its position in shares of Symbotic by 25.6% in the third quarter. First Trust Advisors LP now owns 351,021 shares of the company's stock valued at $18,920,000 after buying an additional 71,531 shares in the last quarter.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on SYM shares. UBS Group set a $70.00 price target on shares of Symbotic in a research report on Wednesday, February 18th. Northland Securities set a $73.00 price target on shares of Symbotic in a research report on Thursday, February 5th. Barclays lifted their price target on shares of Symbotic from $42.00 to $44.00 and gave the company an "underweight" rating in a research report on Monday, March 16th. Citigroup reissued an "outperform" rating on shares of Symbotic in a research note on Thursday, February 5th. Finally, The Goldman Sachs Group reissued a "sell" rating and issued a $50.00 price objective on shares of Symbotic in a research note on Thursday, January 15th. Seven investment analysts have rated the stock with a Buy rating, six have given a Hold rating and three have given a Sell rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of $65.62.

Insider Activity

In other Symbotic news, Director Todd Krasnow sold 2,000 shares of the business's stock in a transaction on Monday, April 6th. The shares were sold at an average price of $53.27, for a total transaction of $106,540.00. Following the sale, the director owned 10,345 shares of the company's stock, valued at approximately $551,078.15. The trade was a 16.20% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CTO James Kuffner sold 19,729 shares of the business's stock in a transaction on Friday, April 24th. The stock was sold at an average price of $59.82, for a total transaction of $1,180,188.78. Following the sale, the chief technology officer directly owned 179,255 shares in the company, valued at approximately $10,723,034.10. The trade was a 9.91% decrease in their position. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last quarter, insiders have sold 153,581 shares of company stock valued at $8,881,717. 8.16% of the stock is currently owned by insiders.

Symbotic Stock Performance

SYM stock opened at $58.89 on Monday. The stock has a market capitalization of $35.46 billion, a P/E ratio of -588.84, a price-to-earnings-growth ratio of 5.90 and a beta of 2.03. Symbotic Inc. has a 12 month low of $21.89 and a 12 month high of $87.88. The firm has a 50-day moving average price of $54.62 and a 200-day moving average price of $60.92.

Symbotic (NASDAQ:SYM - Get Free Report) last posted its earnings results on Wednesday, February 4th. The company reported $0.02 EPS for the quarter, missing analysts' consensus estimates of $0.08 by ($0.06). The company had revenue of $629.99 million during the quarter, compared to the consensus estimate of $622.58 million. Symbotic had a negative return on equity of 1.88% and a negative net margin of 0.45%.The firm's revenue was up 29.4% compared to the same quarter last year. During the same period last year, the company posted ($0.03) EPS. As a group, equities analysts predict that Symbotic Inc. will post 0.33 EPS for the current fiscal year.

Symbotic Profile

Symbotic Inc NASDAQ: SYM is a provider of advanced warehouse automation and robotics systems designed to improve throughput, space utilization and labor productivity in distribution centers and fulfillment operations. The company develops integrated hardware and software solutions that automate the storage, retrieval, sorting and palletizing of goods, positioning itself as a systems integrator for material handling challenges faced by large-scale retailers, wholesalers and third-party logistics providers.

Products and services typically include autonomous robotic vehicles and shuttle systems, automated storage-and-retrieval equipment, robotic picking and palletizing cells, conveyors and sortation, together with control and management software that coordinates fleet operations and inventory flow.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.