Remitly Global, Inc. (NASDAQ:RELY) Stock Holdings Increased by Values First Advisors Inc.

Values First Advisors Inc. lifted its holdings in Remitly Global, Inc. (NASDAQ:RELY) by 4.4% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 15,441 shares of the financial services provider’s stock after purchasing an additional 653 shares during the quarter. Values First Advisors Inc.’s holdings in Remitly Global were worth $349,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently modified their holdings of the business. XTX Topco Ltd lifted its holdings in Remitly Global by 4.0% in the third quarter. XTX Topco Ltd now owns 14,515 shares of the financial services provider’s stock worth $194,000 after purchasing an additional 563 shares during the period. Claro Advisors LLC increased its stake in Remitly Global by 5.2% during the 4th quarter. Claro Advisors LLC now owns 12,700 shares of the financial services provider’s stock valued at $287,000 after buying an additional 629 shares during the period. The Manufacturers Life Insurance Company raised its position in shares of Remitly Global by 1.4% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 86,561 shares of the financial services provider’s stock worth $1,159,000 after buying an additional 1,170 shares in the last quarter. Advisors Asset Management Inc. lifted its stake in shares of Remitly Global by 58.7% in the 3rd quarter. Advisors Asset Management Inc. now owns 3,962 shares of the financial services provider’s stock worth $53,000 after acquiring an additional 1,466 shares during the period. Finally, FMR LLC boosted its holdings in shares of Remitly Global by 39.8% in the third quarter. FMR LLC now owns 6,919 shares of the financial services provider’s stock valued at $93,000 after acquiring an additional 1,970 shares in the last quarter. Institutional investors own 74.25% of the company’s stock.

Insider Activity

In related news, insider Joshua Hug sold 22,198 shares of the company’s stock in a transaction that occurred on Tuesday, November 26th. The shares were sold at an average price of $20.62, for a total value of $457,722.76. Following the completion of the sale, the insider now owns 3,873,811 shares in the company, valued at approximately $79,877,982.82. This represents a 0.57 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Matthew B. Oppenheimer sold 14,583 shares of the firm’s stock in a transaction that occurred on Tuesday, December 10th. The stock was sold at an average price of $20.86, for a total transaction of $304,201.38. Following the completion of the transaction, the chief executive officer now directly owns 4,417,011 shares of the company’s stock, valued at $92,138,849.46. This represents a 0.33 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 67,059 shares of company stock valued at $1,489,808 over the last three months. Insiders own 8.10% of the company’s stock.

Remitly Global Price Performance

RELY opened at $25.05 on Thursday. The business has a fifty day simple moving average of $22.94 and a 200-day simple moving average of $18.09. Remitly Global, Inc. has a fifty-two week low of $11.60 and a fifty-two week high of $25.78.

Analyst Upgrades and Downgrades

Several brokerages recently commented on RELY. Wells Fargo & Company boosted their target price on Remitly Global from $18.00 to $21.00 and gave the stock an “equal weight” rating in a report on Thursday, January 16th. KeyCorp boosted their price objective on Remitly Global from $20.00 to $21.00 and gave the stock an “overweight” rating in a research note on Thursday, October 31st. JMP Securities upped their price objective on Remitly Global from $22.00 to $25.00 and gave the company a “market outperform” rating in a report on Thursday, October 31st. Finally, Barclays lifted their target price on Remitly Global from $23.00 to $28.00 and gave the stock an “overweight” rating in a report on Monday, February 3rd. One investment analyst has rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat.com, Remitly Global presently has a consensus rating of “Moderate Buy” and an average price target of $23.75.

Remitly Global Company Profile

Remitly Global, Inc provides digital financial services for immigrants and their families. It primarily offers cross-border remittance services in approximately 170 countries. The company was incorporated in 2011 and is headquartered in Seattle, Washington.