Temasek Holdings Private Ltd Has $149.85 Million Stake in Payoneer Global Inc. (NASDAQ:PAYO)

Temasek Holdings Private Ltd reduced its stake in Payoneer Global Inc. (NASDAQ:PAYO - Free Report) by 1.7% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 19,899,760 shares of the company's stock after selling 342,323 shares during the quarter. Temasek Holdings Private Ltd owned 5.21% of Payoneer Global worth $149,845,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. AXA S.A. increased its holdings in shares of Payoneer Global by 1,394.5% during the second quarter. AXA S.A. now owns 14,176,485 shares of the company's stock valued at $78,538,000 after purchasing an additional 13,227,884 shares during the period. Millennium Management LLC boosted its stake in Payoneer Global by 17.3% in the 2nd quarter. Millennium Management LLC now owns 6,764,016 shares of the company's stock worth $37,473,000 after purchasing an additional 995,366 shares during the period. Dimensional Fund Advisors LP raised 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 purchasing an additional 849,680 shares during the period. Victory Capital Management Inc. increased its position in Payoneer Global by 17.1% during the 2nd quarter. Victory Capital Management Inc. now owns 4,417,785 shares of the company's stock worth $24,475,000 after buying an additional 645,887 shares during the period. Finally, Azora Capital LP acquired a new stake in shares of Payoneer Global in the 3rd quarter valued at approximately $31,901,000. 82.22% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Payoneer Global

In other news, CAO Itai Perry sold 4,100 shares of the business's stock in a transaction on Tuesday, October 15th. The stock was sold at an average price of $8.00, for a total value of $32,800.00. Following the completion of the transaction, the chief accounting officer now directly owns 228,738 shares of the company's stock, valued at approximately $1,829,904. The trade was a 1.76 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Crossover Managemen Technology sold 7,500,000 shares of the stock in a transaction on Monday, November 11th. The stock was 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 in the company, valued at $352,914,237.12. This trade represents a 17.99 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 7,562,402 shares of company stock worth $78,043,152 over the last three months. Company insiders own 5.57% of the company's stock.

Analysts Set New Price Targets

Several analysts have recently commented on the company. Keefe, Bruyette & Woods raised their target price on Payoneer Global from $9.00 to $12.00 and gave the company an "outperform" rating in a research note on Wednesday, November 6th. Citigroup upped their price target on shares of Payoneer Global from $7.00 to $8.50 and gave the company a "buy" rating in a report on Monday, August 12th. Needham & Company LLC lifted their price target on shares of Payoneer Global from $10.00 to $14.00 and gave the company a "buy" rating in a research report on Wednesday, November 6th. Northland Securities boosted their target price on shares of Payoneer Global from $13.00 to $14.00 and gave the company an "outperform" rating in a research report on Friday. Finally, The Goldman Sachs Group increased their target price on Payoneer Global from $9.00 to $12.00 and gave the company a "buy" rating in a research report on Wednesday, November 6th. Six research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock currently has an average rating of "Buy" and a consensus price target of $11.36.

Payoneer Global Trading Up 3.0 %

Shares of NASDAQ:PAYO traded up $0.32 during trading on Friday, hitting $11.11. 1,295,842 shares of the company's stock were exchanged, compared to its average volume of 2,743,728. The firm has a 50-day moving average price of $9.28 and a two-hundred day moving average price of $7.29. The firm has a market cap of $3.96 billion, a P/E ratio of 30.83 and a beta of 0.90. Payoneer Global Inc. has a 1-year low of $4.22 and a 1-year high of $11.29.

Payoneer Global (NASDAQ:PAYO - Get Free Report) last posted its earnings results on Tuesday, November 5th. The company reported $0.11 earnings per share for the quarter, topping analysts' consensus estimates of $0.04 by $0.07. Payoneer Global had a return on equity of 17.78% and a net margin of 13.82%. The company had revenue of $248.30 million during the quarter, compared to the consensus estimate of $225.44 million. During the same quarter last year, the firm earned $0.05 earnings per share. The company's revenue was up 19.4% on a year-over-year basis. As a group, research analysts predict that Payoneer Global Inc. will post 0.32 EPS for the current 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.