Iryna Tolmachova
Walmart (NYSE:WMT) disclosed on Monday that it held 15 million shares of Symbotic Inc. (NASDAQ:SYM) and 975,000 shares of Green Dot Corporation (NYSE:GDOT) at the end of the second quarter. Those positions were unchanged from the holdings at the end of the first quarter.
Symbotic acquired Walmart’s Advanced Systems and Robotics business earlier this year in a deal valued at $200 million in cash, with up to $350 million more in future contingent payments depending on performance and order volume. As part of this arrangement, Walmart (NYSE:WMT) committed to a $520 million investment in a Symbotic development program aimed at funding new fulfillment solutions for online pickup and delivery.
Meanwhile, Walmart received approximately 2.2 million Green Dot (NYSE:GDOT) shares in May 2010 as part of a commercial agreement extension.
The Walmart (NYSE:WMT) position in Symbotic (NASDAQ:SYM) was listed as having a market value of $582.8 million at the end of Q2, while the Green Dot (NYSE:GDOT) position was valued at $10.51 million.
Shares of Symbotic (NASDAQ:SYM) are up 135% on a year-to-date basis, while Green Dot (GDOT) is down 9.4%.