975,000 Shares in Green Dot Co. (NYSE:GDOT) Acquired by Walmart Inc.

Walmart Inc. purchased a new position in shares of Green Dot Co. (NYSE:GDOT - Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 975,000 shares of the financial services provider's stock, valued at approximately $10,374,000. Green Dot makes up 2.8% of Walmart Inc.'s portfolio, making the stock its 2nd biggest holding. Walmart Inc. owned about 1.81% of Green Dot at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Meeder Asset Management Inc. purchased a new position in shares of Green Dot in the 4th quarter valued at approximately $44,000. KLP Kapitalforvaltning AS acquired a new position in Green Dot in the 4th quarter valued at $84,000. New York State Common Retirement Fund raised its position in Green Dot by 63.1% during the 4th quarter. New York State Common Retirement Fund now owns 11,892 shares of the financial services provider's stock worth $127,000 after buying an additional 4,600 shares during the last quarter. Polymer Capital Management US LLC purchased a new position in Green Dot during the 4th quarter worth $131,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. lifted its stake in shares of Green Dot by 25.3% in the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 16,513 shares of the financial services provider's stock worth $164,000 after acquiring an additional 3,339 shares during the period. 92.56% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities research analysts recently commented on GDOT shares. Barclays reduced their price objective on shares of Green Dot from $10.00 to $7.00 and set an "underweight" rating for the company in a research report on Monday, March 3rd. Northland Capmk upgraded shares of Green Dot from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, April 9th. Northland Securities upgraded shares of Green Dot from a "market perform" rating to an "outperform" rating and set a $12.00 target price for the company in a research report on Wednesday, April 9th. Craig Hallum upgraded shares of Green Dot from a "hold" rating to a "buy" rating and set a $14.00 price target on the stock in a research report on Friday, March 14th. Finally, Keefe, Bruyette & Woods cut their price objective on Green Dot from $12.00 to $10.00 and set a "market perform" rating for the company in a research report on Friday, February 28th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, two have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Green Dot presently has a consensus rating of "Moderate Buy" and an average price target of $10.75.

Green Dot Trading Down 1.3 %

NYSE:GDOT traded down $0.10 during mid-day trading on Monday, reaching $8.13. The company's stock had a trading volume of 393,032 shares, compared to its average volume of 604,665. The company has a debt-to-equity ratio of 0.05, a current ratio of 0.52 and a quick ratio of 0.52. The stock has a market cap of $440.67 million, a P/E ratio of -7.74 and a beta of 0.87. The company's fifty day simple moving average is $7.67 and its two-hundred day simple moving average is $9.30. Green Dot Co. has a twelve month low of $6.12 and a twelve month high of $13.58.

About Green Dot

Green Dot Corporation, a financial technology and registered bank holding company, provides various financial services to consumers and businesses in the United States. It operates through three segments: Consumer Services, Business to Business Services, and Money Movement Services. The company provides deposit account programs, including consumer and small business checking account products, network-branded reloadable prepaid debit cards and gift cards, and secured credit programs.