Why Are People Buying SYM Shares?

After this evening's 2.8% surge to $55.32 per share, Symbotic might just keep moving past its target price of $55.85. With an average analyst rating of buy, and target prices from $40.0 to $70.0, the stock's next move is anyone's guess.

The stock has None at 20.3%, and a short ratio of 7.48. The company's insiders own 28.24% of its outstanding shares, which indicates a strong alignment between management and shareholder interests. Finally, we also note that None are invested in the stock, with 61.2% of Symbotic's shares being owned by this investor type.

Institutions Invested in Symbotic

Date Reported Holder Percentage Shares Value
2023-09-30 Softbank Group Corporation 27% 22,000,000 $1,217,039,993
2022-12-31 SB Global Advisers Ltd 24% 20,000,000 $1,106,399,993
2023-09-30 Svf Sponsor III (de) LLC 11% 9,090,000 $502,858,797
2023-09-30 Vanguard Group Inc 2% 2,040,335 $112,871,331
2023-09-30 Voloridge Investment Management, LLC 1% 741,401 $41,014,303
2023-09-30 Mirae Asset Global Investments Co., Ltd. 1% 689,232 $38,128,314
2023-09-30 FMR, LLC 1% 586,162 $32,426,481
2023-09-30 Raymond James & Associates, Inc. 1% 502,488 $27,797,636
2023-09-30 Two Sigma Investments, LP 0% 370,105 $20,474,208
2023-09-30 1832 Asset Management L.P. 0% 364,500 $20,164,139

Besides None, other market factors point to there being None on Symbotic.

The above analysis is intended for educational purposes only and was performed on the basis of publicly available data. It is not to be construed as a recommendation to buy or sell any security. Any buy, sell, or other recommendations mentioned in the article are direct quotations of consensus recommendations from the analysts covering the stock, and do not represent the opinions of Market Inference or its writers. Past performance, accounting data, and inferences about market position and corporate valuation are not reliable indicators of future price movements. Market Inference does not provide financial advice. Investors should conduct their own review and analysis of any company of interest before making an investment decision.