Pagaya Technologies Ltd. $PGY Stake Raised by American Century Companies Inc.

American Century Companies Inc. raised its holdings in shares of Pagaya Technologies Ltd. (NASDAQ:PGY) by 214.3% in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 513,782 shares of the company’s stock after buying an additional 350,332 shares during the period. American Century Companies Inc. owned about 0.68% of Pagaya Technologies worth $10,954,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Rhumbline Advisers boosted its stake in Pagaya Technologies by 8.2% in the 2nd quarter. Rhumbline Advisers now owns 58,597 shares of the company’s stock worth $1,249,000 after purchasing an additional 4,458 shares during the period. Legal & General Group Plc grew its stake in Pagaya Technologies by 19.0% during the 2nd quarter. Legal & General Group Plc now owns 34,909 shares of the company’s stock valued at $744,000 after acquiring an additional 5,580 shares in the last quarter. JPMorgan Chase & Co. increased its holdings in shares of Pagaya Technologies by 436.9% in the 2nd quarter. JPMorgan Chase & Co. now owns 1,385,279 shares of the company’s stock valued at $29,534,000 after purchasing an additional 1,127,242 shares during the period. Entropy Technologies LP purchased a new stake in shares of Pagaya Technologies in the second quarter worth approximately $655,000. Finally, Ensign Peak Advisors Inc acquired a new stake in shares of Pagaya Technologies during the second quarter worth approximately $141,000. Institutional investors and hedge funds own 57.14% of the company’s stock.

Pagaya Technologies Stock Performance

Shares of NASDAQ PGY opened at $24.88 on Friday. The company has a debt-to-equity ratio of 1.16, a quick ratio of 11.41 and a current ratio of 11.41. The firm has a market cap of $2.00 billion, a price-to-earnings ratio of -9.32 and a beta of 5.84. The business’s 50-day simple moving average is $26.76 and its 200-day simple moving average is $27.18. Pagaya Technologies Ltd. has a 52 week low of $8.27 and a 52 week high of $44.99.

Insider Buying and Selling at Pagaya Technologies

In other news, insider Tami Rosen sold 15,026 shares of Pagaya Technologies stock in a transaction that occurred on Wednesday, October 1st. The shares were sold at an average price of $30.73, for a total value of $461,748.98. Following the transaction, the insider owned 28,181 shares of the company’s stock, valued at $866,002.13. This trade represents a 34.78% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Evangelos Perros sold 14,356 shares of the business’s stock in a transaction on Tuesday, September 9th. The stock was sold at an average price of $37.34, for a total transaction of $536,053.04. Following the completion of the sale, the chief financial officer owned 59,079 shares of the company’s stock, valued at $2,206,009.86. The trade was a 19.55% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 85,646 shares of company stock worth $3,108,555 over the last 90 days. Insiders own 47.59% of the company’s stock.

Analyst Ratings Changes

PGY has been the topic of several research reports. Zacks Research lowered shares of Pagaya Technologies from a “strong-buy” rating to a “hold” rating in a research note on Friday, October 10th. Canaccord Genuity Group upped their price target on shares of Pagaya Technologies from $36.00 to $39.00 and gave the stock a “buy” rating in a research note on Tuesday, November 11th. B. Riley increased their price objective on Pagaya Technologies from $46.00 to $54.00 and gave the stock a “buy” rating in a report on Monday, August 11th. Benchmark restated a “buy” rating and issued a $48.00 target price on shares of Pagaya Technologies in a research note on Wednesday, October 1st. Finally, Wall Street Zen raised Pagaya Technologies from a “buy” rating to a “strong-buy” rating in a research report on Saturday, November 15th. Eight investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $34.67.

Pagaya Technologies Company Profile

Pagaya Technologies Ltd., a product-focused technology company, deploys data science and proprietary artificial intelligence-powered technology for financial institutions and investors in the United States, Israel, the Cayman Islands, and internationally. The company develops and implements proprietary artificial intelligence technology and related software solutions to assist partners to originate loans and other assets.