Walmart retains stakes in Symbiotic and Green Dot through Q2

Walmart held 15 million shares of Symbiotic and 975,000 shares of Green Dot through Q2, with no changes from the previous quarter. These stakes were disclosed in a filing.

Walmart (NYSE: WMT) has disclosed that it held 15 million shares of Symbiotic Inc. (NASDAQ: SYM) and 975,000 shares of Green Dot Corporation (NYSE: GDOT) at the end of the second quarter. These positions were unchanged from the holdings at the end of the first quarter, as reported in a recent filing [1].

The acquisition of Walmart's Advanced Systems and Robotics business by Symbiotic earlier this year was valued at $200 million in cash, with potential future contingent payments up to $350 million depending on performance and order volume. As part of this deal, Walmart committed to a $520 million investment in Symbiotic's development program aimed at funding new fulfillment solutions for online pickup and delivery [1].

Walmart also received approximately 2.2 million Green Dot shares in May 2010 as part of a commercial agreement extension. The market value of Walmart's Symbiotic position was $582.8 million at the end of Q2, while the Green Dot position was valued at $10.51 million [1].

Shares of Symbiotic have seen a significant increase, rising by 135% year-to-date, while Green Dot shares have declined by 9.4% over the same period [1].

References:
[1] https://seekingalpha.com/news/4483118-walmart-held-on-to-its-stakes-in-symbiotic-and-green-dot-through-q2