Symbotic Inc. (NASDAQ:SYM) Stock Holdings Lowered by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP trimmed its holdings in shares of Symbotic Inc. (NASDAQ:SYM - Free Report) by 18.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 49,781 shares of the company's stock after selling 11,404 shares during the quarter. Dimensional Fund Advisors LP's holdings in Symbotic were worth $1,181,000 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 raised its holdings in shares of 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 during the period. Commonwealth Equity Services LLC lifted its holdings in Symbotic by 1.3% during the 4th quarter. Commonwealth Equity Services LLC now owns 48,672 shares of the company's stock worth $1,154,000 after buying an additional 619 shares in the last quarter. Geode Capital Management LLC increased its position in shares of Symbotic by 0.3% during the fourth quarter. Geode Capital Management LLC now owns 505,114 shares of the company's stock worth $11,981,000 after acquiring an additional 1,356 shares during the period. Jones Financial Companies Lllp increased 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 purchasing an additional 1,490 shares during the period. Finally, Mitsubishi UFJ Asset Management Co. Ltd. raised its holdings in shares of Symbotic by 11.1% in the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 16,451 shares of the company's stock valued at $422,000 after purchasing an additional 1,646 shares in the last quarter.

Symbotic Price Performance

NASDAQ SYM opened at $26.74 on Thursday. The business has a 50 day moving average price of $22.19 and a 200 day moving average price of $25.66. The company has a market capitalization of $15.77 billion, a P/E ratio of -381.95, a PEG ratio of 6.48 and a beta of 1.85. Symbotic Inc. has a 1-year low of $16.32 and a 1-year high of $44.08.

Symbotic (NASDAQ:SYM - Get Free Report) last issued its quarterly earnings data on Wednesday, May 7th. The company reported ($0.04) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.05 by ($0.09). The company had revenue of $549.65 million during the quarter, compared to analysts' expectations of $522.36 million. Symbotic had a negative net margin of 0.38% and a positive return on equity of 5.11%. The firm's revenue was up 39.7% compared to the same quarter last year. During the same quarter in the prior year, the company earned ($0.07) earnings per share. On average, research analysts expect that Symbotic Inc. will post 0.13 earnings per share for the current fiscal year.

Insider Activity

In other news, Director Todd Krasnow sold 5,940 shares of Symbotic stock in a transaction that occurred on Tuesday, May 13th. The stock was sold at an average price of $26.38, for a total value of $156,697.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Michael David Dunn sold 2,040 shares of the stock in a transaction dated Wednesday, April 2nd. The stock was sold at an average price of $22.24, for a total transaction of $45,369.60. Following the sale, the insider now owns 23,822 shares in the company, valued at approximately $529,801.28. This trade represents a 7.89% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 37,447 shares of company stock valued at $858,000 in the last 90 days. 0.60% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on SYM shares. Cantor Fitzgerald reaffirmed an "overweight" rating and issued a $60.00 target price on shares of Symbotic in a research report on Thursday, February 6th. Raymond James cut shares of Symbotic from an "outperform" rating to a "market perform" rating in a report on Thursday, February 6th. UBS Group reduced their price objective on Symbotic from $32.00 to $30.00 and set a "neutral" rating for the company in a research note on Tuesday, February 25th. Citigroup dropped their target price on Symbotic from $37.00 to $29.00 and set a "buy" rating on the stock in a report on Monday, April 14th. Finally, Needham & Company LLC decreased their price target on Symbotic from $35.00 to $32.00 and set a "buy" rating for the company in a report on Thursday, February 6th. One analyst has rated the stock with a sell rating, seven have given a hold rating and nine have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $37.20.

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.