JPMorgan Chase & Co. Boosts Holdings in Payoneer Global Inc. (NASDAQ:PAYO)

JPMorgan Chase & Co. lifted its position in shares of Payoneer Global Inc. (NASDAQ:PAYO - Free Report) by 414.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,162,304 shares of the company's stock after buying an additional 936,345 shares during the quarter. JPMorgan Chase & Co. owned about 0.33% of Payoneer Global worth $11,670,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Smartleaf Asset Management LLC grew its position in shares of Payoneer Global by 405.8% during the 4th quarter. Smartleaf Asset Management LLC now owns 3,819 shares of the company's stock worth $38,000 after buying an additional 3,064 shares during the period. Fifth Third Bancorp grew its holdings in Payoneer Global by 29.3% in the fourth quarter. Fifth Third Bancorp now owns 4,488 shares of the company's stock worth $45,000 after purchasing an additional 1,016 shares during the period. Blue Trust Inc. increased its stake in Payoneer Global by 21.2% in the fourth quarter. Blue Trust Inc. now owns 5,380 shares of the company's stock valued at $54,000 after purchasing an additional 940 shares in the last quarter. GAMMA Investing LLC raised its holdings in shares of Payoneer Global by 41.7% during the fourth quarter. GAMMA Investing LLC now owns 8,241 shares of the company's stock valued at $83,000 after purchasing an additional 2,425 shares during the period. Finally, Rialto Wealth Management LLC bought a new position in shares of Payoneer Global during the 4th quarter worth about $105,000. Institutional investors own 82.22% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on PAYO shares. Keefe, Bruyette & Woods dropped their price target on Payoneer Global from $10.00 to $8.00 and set a "market perform" rating on the stock in a research note on Monday, March 31st. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Payoneer Global in a research report on Monday, February 3rd. They issued a "buy" rating and a $13.00 price target for the company. The Goldman Sachs Group dropped their price objective on shares of Payoneer Global from $11.00 to $9.00 and set a "buy" rating on the stock in a research note on Wednesday, April 2nd. Citigroup boosted their target price on shares of Payoneer Global from $14.50 to $16.50 and gave the stock a "buy" rating in a research report on Tuesday, March 4th. Finally, Wolfe Research downgraded Payoneer Global from an "outperform" rating to a "peer perform" rating in a research note on Wednesday, January 8th. Two analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, Payoneer Global presently has a consensus rating of "Moderate Buy" and a consensus target price of $12.36.

Payoneer Global Stock Down 0.8 %

PAYO stock traded down $0.05 during midday trading on Friday, hitting $6.36. The company's stock had a trading volume of 2,503,616 shares, compared to its average volume of 3,029,314. The stock has a market cap of $2.29 billion, a price-to-earnings ratio of 18.17, a PEG ratio of 2.88 and a beta of 1.02. Payoneer Global Inc. has a 1 year low of $4.79 and a 1 year high of $11.29. The stock's 50-day moving average price is $7.85 and its 200 day moving average price is $9.17.

Payoneer Global (NASDAQ:PAYO - Get Free Report) last posted its quarterly earnings results on Thursday, February 27th. The company reported $0.05 earnings per share for the quarter, missing the consensus estimate of $0.06 by ($0.01). The company had revenue of $261.74 million for the quarter, compared to the consensus estimate of $242.14 million. Payoneer Global had a net margin of 13.82% and a return on equity of 17.78%. During the same quarter in the previous year, the company posted $0.05 EPS. As a group, equities analysts forecast that Payoneer Global Inc. will post 0.34 earnings per share for the current fiscal year.

Insider Buying and Selling at Payoneer Global

In other news, CFO Beatrice Ordonez sold 85,000 shares of the stock in a transaction on Tuesday, January 21st. The stock was sold at an average price of $10.40, for a total transaction of $884,000.00. Following the completion of the transaction, the chief financial officer now owns 2,305,245 shares in the company, valued at approximately $23,974,548. This represents a 3.56 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 5.57% of the stock is owned by corporate insiders.

Payoneer Global Company Profile

Payoneer Global Inc operates as a financial technology company. It operates a payment infrastructure platform that provides customers with a one-stop, global, multi-currency account to serve their accounts receivable and accounts payable needs. The company delivers a suite of services that includes cross-border payments, physical and virtual MasterCard cards, working capital, risk management, and other services.