JPMorgan Chase & Co. Decreases Position in Payoneer Global Inc. (NASDAQ:PAYO)

JPMorgan Chase & Co. decreased its holdings in Payoneer Global Inc. (NASDAQ:PAYO - Free Report) by 36.8% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 225,959 shares of the company's stock after selling 131,605 shares during the period. JPMorgan Chase & Co. owned about 0.06% of Payoneer Global worth $1,701,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently bought and sold shares of the company. AXA S.A. lifted its stake in shares of Payoneer Global by 1,394.5% during the 2nd quarter. AXA S.A. now owns 14,176,485 shares of the company's stock worth $78,538,000 after purchasing an additional 13,227,884 shares during the last quarter. Millennium Management LLC lifted its position in shares of Payoneer Global by 17.3% during the second quarter. Millennium Management LLC now owns 6,764,016 shares of the company's stock valued at $37,473,000 after buying an additional 995,366 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of Payoneer Global by 22.7% in the 2nd quarter. Dimensional Fund Advisors LP now owns 4,593,005 shares of the company's stock valued at $25,446,000 after buying an additional 849,680 shares in the last quarter. Azora Capital LP purchased a new position in shares of Payoneer Global in the 3rd quarter worth approximately $31,901,000. Finally, Charles Schwab Investment Management Inc. raised its stake in shares of Payoneer Global by 3.0% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,337,156 shares of the company's stock worth $17,599,000 after acquiring an additional 67,255 shares in the last quarter. Hedge funds and other institutional investors own 82.22% of the company's stock.

Insiders Place Their Bets

In other news, insider Crossover Managemen Technology sold 7,500,000 shares of the stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $10.32, for a total transaction of $77,400,000.00. Following the sale, the insider now directly owns 34,197,116 shares of the company's stock, valued at $352,914,237.12. This represents a 17.99 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Tsafi Goldman sold 96,350 shares of the firm's stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $10.07, for a total value of $970,244.50. Following the sale, the insider now owns 741,748 shares in the company, valued at $7,469,402.36. This trade represents a 11.50 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 7,999,625 shares of company stock worth $82,498,514. Corporate insiders own 5.57% of the company's stock.

Analyst Ratings Changes

Several equities analysts have issued reports on the stock. Needham & Company LLC lifted their price target on shares of Payoneer Global from $10.00 to $14.00 and gave the stock a "buy" rating in a report on Wednesday, November 6th. Northland Securities upped their target price on Payoneer Global from $13.00 to $14.00 and gave the company an "outperform" rating in a research report on Friday, December 6th. Wolfe Research downgraded Payoneer Global from an "outperform" rating to a "peer perform" rating in a report on Wednesday, January 8th. Citigroup lifted their target price on shares of Payoneer Global from $8.50 to $13.00 and gave the stock a "buy" rating in a research note on Tuesday, January 14th. Finally, Keefe, Bruyette & Woods cut their price target on shares of Payoneer Global from $12.00 to $11.00 and set a "market perform" rating on the stock in a research note on Monday, January 6th. Two investment analysts have rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $11.86.

Payoneer Global Stock Down 0.9 %

Shares of NASDAQ:PAYO traded down $0.09 during midday trading on Thursday, reaching $10.19. The company's stock had a trading volume of 1,932,063 shares, compared to its average volume of 3,320,167. The stock has a fifty day moving average of $10.41 and a 200 day moving average of $8.38. Payoneer Global Inc. has a twelve month low of $4.22 and a twelve month high of $11.29. The firm has a market capitalization of $3.63 billion, a PE ratio of 29.12 and a beta of 0.92.

Payoneer Global (NASDAQ:PAYO - Get Free Report) last announced its quarterly earnings results on Tuesday, November 5th. The company reported $0.11 earnings per share for the quarter, topping the consensus estimate of $0.04 by $0.07. The company had revenue of $248.30 million for the quarter, compared to the consensus estimate of $225.44 million. Payoneer Global had a return on equity of 17.78% and a net margin of 13.82%. The firm's revenue for the quarter was up 19.4% compared to the same quarter last year. During the same period last year, the firm earned $0.05 EPS. Sell-side analysts anticipate that Payoneer Global Inc. will post 0.35 earnings per share for the current fiscal year.

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.