Hsbc Holdings PLC Boosts Stock Holdings in Payoneer Global Inc. (NASDAQ:PAYO)

Hsbc Holdings PLC grew its position in Payoneer Global Inc. (NASDAQ:PAYO - Free Report) by 185.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 97,913 shares of the company's stock after acquiring an additional 63,613 shares during the quarter. Hsbc Holdings PLC's holdings in Payoneer Global were worth $986,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. American Century Companies Inc. raised its holdings in Payoneer Global by 24.8% in the 4th quarter. American Century Companies Inc. now owns 8,166,652 shares of the company's stock valued at $81,993,000 after buying an additional 1,624,948 shares during the period. Geode Capital Management LLC increased its position in Payoneer Global by 2.4% during the fourth quarter. Geode Capital Management LLC now owns 6,777,377 shares of the company's stock worth $68,059,000 after buying an additional 156,252 shares during the period. Dimensional Fund Advisors LP increased its holdings in shares of Payoneer Global by 6.7% in the fourth quarter. Dimensional Fund Advisors LP now owns 5,982,879 shares of the company's stock valued at $60,067,000 after purchasing an additional 377,008 shares during the period. Renaissance Technologies LLC grew its holdings in Payoneer Global by 15.4% during the fourth quarter. Renaissance Technologies LLC now owns 5,126,300 shares of the company's stock worth $51,468,000 after acquiring an additional 685,395 shares during the period. Finally, Arrowstreet Capital Limited Partnership increased its holdings in shares of Payoneer Global by 200.0% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 3,470,347 shares of the company's stock valued at $34,842,000 after purchasing an additional 2,313,481 shares in the last quarter. Hedge funds and other institutional investors own 82.22% of the company's stock.

Payoneer Global Stock Performance

Shares of PAYO stock traded up $0.34 on Friday, hitting $6.67. The company had a trading volume of 3,453,889 shares, compared to its average volume of 3,113,187. Payoneer Global Inc. has a twelve month low of $5.03 and a twelve month high of $11.29. The stock's 50-day moving average is $6.97 and its two-hundred day moving average is $9.06. The firm has a market cap of $2.40 billion, a P/E ratio of 19.06, a P/E/G ratio of 2.88 and a beta of 1.03.

Payoneer Global (NASDAQ:PAYO - Get Free Report) last released its quarterly earnings results on Wednesday, May 7th. The company reported $0.05 EPS for the quarter, missing analysts' consensus estimates of $0.07 by ($0.02). The company had revenue of $246.62 million during the quarter, compared to analysts' expectations of $244.52 million. Payoneer Global had a net margin of 13.82% and a return on equity of 17.78%. The company's quarterly revenue was up 8.1% compared to the same quarter last year. During the same period in the previous year, the company posted $0.08 earnings per share. Equities research analysts predict that Payoneer Global Inc. will post 0.34 EPS for the current year.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the stock. Keefe, Bruyette & Woods decreased their price target on shares of Payoneer Global from $8.00 to $7.00 and set a "market perform" rating on the stock in a research note on Thursday. The Goldman Sachs Group lowered their price target on Payoneer Global from $11.00 to $9.00 and set a "buy" rating on the stock in a report on Wednesday, April 2nd. Needham & Company LLC cut their target price on Payoneer Global from $14.00 to $8.00 and set a "buy" rating on the stock in a research report on Thursday. Deutsche Bank Aktiengesellschaft began coverage on Payoneer Global in a report on Monday, February 3rd. They set a "buy" rating and a $13.00 price target for the company. Finally, Citigroup raised their price objective on shares of Payoneer Global from $14.50 to $16.50 and gave the stock a "buy" rating in a research note on Tuesday, March 4th. Two research analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Payoneer Global presently has a consensus rating of "Moderate Buy" and an average target price of $11.36.

About Payoneer Global

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.