Universal Beteiligungs und Servicegesellschaft mbH Has $1.60 Million Stock Holdings in Symbotic Inc. $SYM

Universal Beteiligungs und Servicegesellschaft mbH boosted its position in Symbotic Inc. (NASDAQ:SYM) by 248.5% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 29,588 shares of the company’s stock after acquiring an additional 21,099 shares during the quarter. Universal Beteiligungs und Servicegesellschaft mbH’s holdings in Symbotic were worth $1,595,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in the company. IAG Wealth Partners LLC acquired a new position in shares of Symbotic during the second quarter worth approximately $32,000. Gables Capital Management Inc. bought a new stake in Symbotic during the 2nd quarter valued at $39,000. NewEdge Advisors LLC raised its holdings in Symbotic by 81.5% during the second quarter. NewEdge Advisors LLC now owns 1,276 shares of the company’s stock worth $50,000 after buying an additional 573 shares during the last quarter. KBC Group NV bought a new position in shares of Symbotic in the second quarter valued at $66,000. Finally, Farther Finance Advisors LLC grew its holdings in shares of Symbotic by 24.0% during the second quarter. Farther Finance Advisors LLC now owns 1,765 shares of the company’s stock valued at $69,000 after buying an additional 342 shares during the last quarter.

Symbotic Stock Down 3.3%

Symbotic stock opened at $54.37 on Friday. The business has a 50-day simple moving average of $64.70 and a 200 day simple moving average of $60.17. Symbotic Inc. has a 52 week low of $16.32 and a 52 week high of $87.88. The stock has a market cap of $32.16 billion, a price-to-earnings ratio of -362.47, a PEG ratio of 15.94 and a beta of 2.13.

Symbotic (NASDAQ:SYM) last posted its quarterly earnings data on Monday, November 24th. The company reported ($0.03) earnings per share for the quarter, missing the consensus estimate of $0.08 by ($0.11). Symbotic had a negative return on equity of 3.89% and a negative net margin of 0.75%.The company had revenue of $618.46 million during the quarter, compared to the consensus estimate of $604.00 million. During the same quarter last year, the company posted $0.47 earnings per share. The firm’s revenue for the quarter was up 9.5% on a year-over-year basis. On average, research analysts anticipate that Symbotic Inc. will post 0.13 earnings per share for the current year.

Wall Street Analysts Forecast Growth

SYM has been the topic of several analyst reports. Northland Securities lifted their target price on Symbotic from $56.00 to $70.00 and gave the company an “outperform” rating in a research report on Tuesday, November 25th. Barclays upped their target price on shares of Symbotic from $41.00 to $42.00 and gave the stock an “underweight” rating in a research note on Monday, January 12th. Needham & Company LLC raised their target price on Symbotic from $57.00 to $70.00 and gave the company a “buy” rating in a research report on Tuesday, November 25th. The Goldman Sachs Group restated a “sell” rating and set a $50.00 price target on shares of Symbotic in a research report on Thursday, January 15th. Finally, Zacks Research cut shares of Symbotic from a “hold” rating to a “strong sell” rating in a research note on Tuesday, January 20th. Six analysts have rated the stock with a Buy rating, seven have given a Hold rating and five have issued a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $56.79.

Insider Buying and Selling

In other Symbotic news, CTO James Kuffner sold 77,321 shares of the company’s stock in a transaction dated Monday, January 26th. The shares were sold at an average price of $59.76, for a total transaction of $4,620,702.96. Following the completion of the sale, the chief technology officer directly owned 144,982 shares in the company, valued at $8,664,124.32. This represents a 34.78% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider William M. Boyd III sold 15,000 shares of the stock in a transaction dated Monday, January 5th. The shares were sold at an average price of $69.00, for a total value of $1,035,000.00. The SEC filing for this sale provides additional information. Insiders have sold 7,149,307 shares of company stock worth $382,367,952 in the last ninety days. 8.16% of the stock is currently owned by insiders.

About Symbotic

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.