Green Dot Co. (NYSE:GDOT) Stock Holdings Raised by Whipplewood Advisors LLC

Whipplewood Advisors LLC raised its stake in Green Dot Co. (NYSE:GDOT - Free Report) by 41,091.6% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 39,132 shares of the financial services provider's stock after purchasing an additional 39,037 shares during the quarter. Whipplewood Advisors LLC owned about 0.07% of Green Dot worth $330,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Topline Capital Management LLC acquired a new position in shares of Green Dot during the 4th quarter valued at $57,209,000. Walmart Inc. acquired a new position in shares of Green Dot during the 4th quarter valued at $10,374,000. Prudential Financial Inc. lifted its holdings in shares of Green Dot by 135.9% during the 4th quarter. Prudential Financial Inc. now owns 660,919 shares of the financial services provider's stock valued at $7,032,000 after acquiring an additional 380,692 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of Green Dot by 20.8% during the 4th quarter. Dimensional Fund Advisors LP now owns 2,114,292 shares of the financial services provider's stock valued at $22,496,000 after acquiring an additional 363,831 shares in the last quarter. Finally, American Century Companies Inc. lifted its holdings in shares of Green Dot by 42.5% during the 4th quarter. American Century Companies Inc. now owns 1,041,034 shares of the financial services provider's stock valued at $11,077,000 after acquiring an additional 310,492 shares in the last quarter. Institutional investors and hedge funds own 92.56% of the company's stock.

Analysts Set New Price Targets

GDOT has been the topic of several recent research reports. Keefe, Bruyette & Woods reduced their target price on shares of Green Dot from $12.00 to $10.00 and set a "market perform" rating on the stock in a report on Friday, February 28th. Barclays lifted their target price on shares of Green Dot from $7.00 to $10.00 and gave the company an "underweight" rating in a report on Monday, May 12th. Craig Hallum upgraded shares of Green Dot from a "hold" rating to a "buy" rating and set a $14.00 target price on the stock in a report on Friday, March 14th. Northland Capmk raised shares of Green Dot from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, April 9th. Finally, Northland Securities raised shares of Green Dot from a "market perform" rating to an "outperform" rating and set a $12.00 price target on the stock in a research note on Wednesday, April 9th. One analyst has rated the stock with a sell rating, one has given a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $11.50.

Insider Transactions at Green Dot

In other news, insider Christian Devin Ruppel sold 10,189 shares of the business's stock in a transaction dated Friday, May 9th. The shares were sold at an average price of $11.00, for a total value of $112,079.00. Following the completion of the sale, the insider now owns 253,139 shares of the company's stock, valued at approximately $2,784,529. The trade was a 3.87% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 1.40% of the company's stock.

Green Dot Stock Up 3.7%

Green Dot stock traded up $0.35 during midday trading on Friday, hitting $9.58. 683,925 shares of the stock were exchanged, compared to its average volume of 648,226. Green Dot Co. has a 1 year low of $6.12 and a 1 year high of $13.58. The firm has a market cap of $525.58 million, a P/E ratio of -9.12 and a beta of 0.73. 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 company has a 50 day moving average price of $8.56 and a two-hundred day moving average price of $8.97.

Green Dot (NYSE:GDOT - Get Free Report) last released its quarterly earnings results on Thursday, May 8th. The financial services provider reported $1.06 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.70 by $0.36. Green Dot had a negative net margin of 3.39% and a positive return on equity of 3.84%. The firm had revenue of $555.96 million for the quarter, compared to the consensus estimate of $503.20 million. During the same quarter in the previous year, the firm posted $0.59 EPS. The firm's quarterly revenue was up 23.6% on a year-over-year basis. On average, sell-side analysts predict that Green Dot Co. will post 0.87 earnings per share for the current fiscal year.

Green Dot Company Profile

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.