<div id="readability-page-1"><p>180 Wealth Advisors LLC lifted its position in  Symbotic Inc. (NASDAQ:SYM - Free Report) by 9.1% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor  owned 58,521 shares of the company's stock after purchasing an additional 4,901 shares during the quarter. 180 Wealth Advisors LLC's holdings in Symbotic were worth $2,274,000 at the end of the most recent reporting period.</p><ul><li>3 Automation-Focused Stocks Flying Under the Radar</li></ul><p>Several other institutional investors and hedge funds have also recently bought and sold shares of SYM. ARK Investment Management LLC lifted its holdings in shares of  Symbotic by 13.3% during the 2nd quarter. ARK Investment Management LLC now owns 445,498 shares of the company's stock worth $17,308,000 after acquiring an additional 52,205 shares during the period.  Onyx Bridge Wealth Group LLC acquired a new stake in  Symbotic during the second quarter valued at approximately $341,000.  Gables Capital Management Inc. bought a new stake in shares of  Symbotic in the 2nd quarter valued at approximately $39,000.  Phoenix Financial Ltd. bought a new stake in shares of  Symbotic in the 2nd quarter valued at approximately $245,000.  Finally, JTC Employer Solutions Trustee Ltd acquired a new position in shares of  Symbotic in the 2nd quarter worth approximately $105,000. </p><h2>Analysts Set New Price Targets</h2><p>Several analysts recently commented on the company. Arete lowered Symbotic from a &#34;buy&#34; rating to a &#34;neutral&#34; rating and set a $50.00 price target on the stock. in a research note on Friday, July 25th. Oppenheimer upped their target price on shares of Symbotic from $54.00 to $59.00 and gave the stock an &#34;outperform&#34; rating in a report on Thursday, August 7th. Zacks Research upgraded shares of Symbotic from a &#34;strong sell&#34; rating to a &#34;hold&#34; rating in a research report on Wednesday, October 1st. Weiss Ratings  restated a &#34;hold (c-)&#34; rating on shares of Symbotic in a research report on Wednesday, October 8th. Finally, Northcoast Research  set a $65.00 price objective on shares of Symbotic and gave the stock a &#34;buy&#34; rating in a report on Thursday, October 2nd. Seven investment analysts have rated the stock with a Buy rating, thirteen have assigned  a Hold rating and three have given a Sell rating to the company's stock. Based on data from MarketBeat, Symbotic currently has an average rating of &#34;Hold&#34; and a consensus price target of $44.61.</p><ul><li>AI Exposure Without the Hype: 3 ETFs That Offer Smarter AI Bets</li></ul><p><b>View Our Latest Stock Analysis on Symbotic</b></p><h2>Insider Activity</h2><p>In other Symbotic news, Director Todd Krasnow sold 30,000 shares of the stock in a transaction on Wednesday, August 13th. The stock was sold at an average price of $51.54, for a total value of $1,546,200.00. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider William M. Boyd III sold 25,000 shares of Symbotic stock in a transaction on Tuesday, August 5th. The shares were sold at an average price of $59.00, for a total value of $1,475,000.00. Following the completion of the sale, the insider directly owned 31,884 shares of the company's stock, valued at $1,881,156. This trade represents a 43.95% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 490,348 shares of company stock worth $25,157,458. 0.60% of the stock is owned by company insiders. </p><h2>Symbotic Stock Up 5.3%</h2><ul><li>3 Robotics Stocks at the Heart of the Robotics Revolution</li></ul><p>Shares of NASDAQ:SYM opened at $67.86 on Friday. The firm has a market cap of $40.07 billion, a P/E ratio of -969.29, a P/E/G ratio of 10.85 and a beta of 2.06. Symbotic Inc. has a 12 month low of $16.32 and a 12 month high of $79.58. The company's 50-day moving average price is $55.81 and its two-hundred day moving average price is $42.30. </p><p>Symbotic (NASDAQ:SYM - Get Free Report) last announced its earnings results on Wednesday, August 6th. The company reported ($0.05) earnings per share for the quarter, missing analysts' consensus estimates of $0.03 by ($0.08). Symbotic had a negative return on equity of 2.02% and a negative net margin of 0.38%.The company had revenue of $592.12 million during the quarter, compared to the consensus estimate of $533.55 million. During the same period in the prior year, the firm posted ($0.02) earnings per share. The company's revenue was up 25.9% on a year-over-year basis.  As a group, equities analysts predict that  Symbotic Inc. will post 0.13 earnings per share for the current fiscal year. </p><h2>About Symbotic</h2> (Free Report)<p>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.</p><h2>See Also</h2><ul><li>Five stocks we like better than Symbotic</li><li>Growth Investing: Should You Adopt This Investing Strategy in 2022?</li><li>UnitedHealth's Moment of Truth: 3 Bullish Signals to Watch For</li><li>Expert Stock Trading Psychology Tips</li><li>Warner Bros. Bidding War Potential: How High Could WBD Shares Go?</li><li>5 discounted opportunities for dividend growth investors</li><li>Analysts Eye 30% Upside in Netflix After Q3 Earnings Crash</li></ul><p><img src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/SECFilingChart.ashx/query-UHJlZml4PU5BU0RBUSZTeW1ib2w9U1lN?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" width="650" height="350" original-src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/SECFilingChart.ashx/query-UHJlZml4PU5BU0RBUSZTeW1ib2w9U1lN"/></p><p><em>This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.</em></p><h2>Should You Invest $1,000 in Symbotic Right Now?</h2><p>Before you consider Symbotic, you'll want to hear this.</p><p>MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Symbotic wasn't on the list.</p><p>While Symbotic currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.</p><p>View The Five Stocks Here</p>                  </div>

<p>180 Wealth Advisors LLC increased its stake in Symbotic Inc. (NASDAQ:SYM) by 9.1% in Q2, holding 58,521 shares valued at $2.27 million. Other institutional investors also adjusted their positions. Analysts have mixed ratings on Symbotic, with a consensus price target of $44.61. The stock recently opened at $67.86, with a market cap of $40.07 billion. Symbotic reported a revenue of $592.12 million for the last quarter, exceeding estimates, but missed earnings expectations with a loss of $0.05 per share.</p>

180 Wealth Advisors LLC Has $2.27 Million Holdings in Symbotic Inc. $SYM