Hsbc Holdings PLC Sells 26,309 Shares of Green Dot Co. (NYSE:GDOT)

Hsbc Holdings PLC trimmed its holdings in Green Dot Co. (NYSE:GDOT) by 6.6% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 370,153 shares of the financial services provider’s stock after selling 26,309 shares during the period. Hsbc Holdings PLC’s holdings in Green Dot were worth $3,887,000 as of its most recent filing with the SEC.

Other hedge funds have also bought and sold shares of the company. Geode Capital Management LLC grew its stake in shares of Green Dot by 9.0% in the third quarter. Geode Capital Management LLC now owns 1,222,996 shares of the financial services provider’s stock worth $14,324,000 after acquiring an additional 101,008 shares during the period. JPMorgan Chase & Co. grew its position in Green Dot by 31.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 331,802 shares of the financial services provider’s stock worth $3,885,000 after purchasing an additional 78,547 shares during the period. Barclays PLC raised its stake in Green Dot by 342.0% during the 3rd quarter. Barclays PLC now owns 88,504 shares of the financial services provider’s stock valued at $1,036,000 after buying an additional 68,481 shares during the last quarter. Wellington Management Group LLP purchased a new stake in Green Dot during the 4th quarter valued at $2,048,000. Finally, Principal Financial Group Inc. boosted its stake in shares of Green Dot by 3.0% in the 4th quarter. Principal Financial Group Inc. now owns 260,772 shares of the financial services provider’s stock worth $2,775,000 after buying an additional 7,642 shares during the last quarter. Hedge funds and other institutional investors own 92.56% of the company’s stock.

Analyst Upgrades and Downgrades

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

Green Dot Stock Up 1.2 %

GDOT opened at $8.35 on Wednesday. Green Dot Co. has a fifty-two week low of $6.12 and a fifty-two week high of $13.58. The company has a debt-to-equity ratio of 0.05, a quick ratio of 0.52 and a current ratio of 0.52. The stock has a market cap of $452.82 million, a price-to-earnings ratio of -7.95 and a beta of 0.87. The firm’s fifty day moving average is $7.68 and its 200 day moving average is $9.39.

Green Dot 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.