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

Values First Advisors Inc. increased its stake in shares of Remitly Global, Inc. (NASDAQ:RELY) by 4.4% in the 4th quarter, HoldingsChannel.com reports. The firm owned 15,441 shares of the financial services provider’s stock after buying 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 SEC filing.

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

Remitly Global Stock Down 0.7 %

NASDAQ RELY opened at $25.05 on Thursday. Remitly Global, Inc. has a 1 year low of $11.60 and a 1 year high of $25.78. The company has a fifty day simple moving average of $22.94 and a 200 day simple moving average of $18.09.

Insiders Place Their Bets

In other Remitly Global news, CEO Matthew B. Oppenheimer sold 14,583 shares of the firm’s stock in a transaction that occurred on Wednesday, February 5th. The stock was sold at an average price of $25.21, for a total value of $367,637.43. Following the sale, the chief executive officer now owns 4,358,679 shares of the company’s stock, valued at $109,882,297.59. This trade represents a 0.33 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, insider Joshua Hug sold 22,198 shares of the company’s stock in a transaction that occurred on Tuesday, November 26th. The stock was sold at an average price of $20.62, for a total value of $457,722.76. Following the transaction, the insider now owns 3,873,811 shares of the company’s stock, valued at approximately $79,877,982.82. This trade represents a 0.57 % decrease in their ownership of the stock. 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 in the last quarter. Insiders own 8.10% of the company’s stock.

Analyst Ratings Changes

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