Remitly Global, Inc. (NASDAQ:RELY) Shares Bought by Blair William & Co. IL

Blair William & Co. IL raised its stake in shares of Remitly Global, Inc. (NASDAQ:RELY - Free Report) by 24.6% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 245,131 shares of the financial services provider's stock after acquiring an additional 48,447 shares during the period. Blair William & Co. IL owned approximately 0.12% of Remitly Global worth $5,533,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in RELY. XTX Topco Ltd raised its holdings in shares of Remitly Global by 4.0% during the third quarter. XTX Topco Ltd now owns 14,515 shares of the financial services provider's stock valued at $194,000 after purchasing an additional 563 shares during the last quarter. Claro Advisors LLC grew its holdings in shares of Remitly Global by 5.2% in 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 during the period. Sei Investments Co. increased its position in Remitly Global by 4.8% during the fourth quarter. Sei Investments Co. now owns 13,865 shares of the financial services provider's stock valued at $313,000 after acquiring an additional 636 shares during the last quarter. Values First Advisors Inc. lifted its holdings in Remitly Global by 4.4% in the fourth quarter. Values First Advisors Inc. now owns 15,441 shares of the financial services provider's stock valued at $349,000 after acquiring an additional 653 shares during the period. Finally, Arizona State Retirement System raised its holdings in Remitly Global by 2.1% in the 4th quarter. Arizona State Retirement System now owns 42,453 shares of the financial services provider's stock worth $958,000 after purchasing an additional 886 shares during the period. Hedge funds and other institutional investors own 74.25% of the company's stock.

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Remitly Global Trading Down 7.3 %

Shares of RELY traded down $1.47 during trading hours on Friday, hitting $18.66. The company had a trading volume of 2,075,384 shares, compared to its average volume of 1,924,770. Remitly Global, Inc. has a one year low of $11.60 and a one year high of $27.32. The company's fifty day moving average price is $22.79 and its two-hundred day moving average price is $20.24. The company has a market capitalization of $3.74 billion, a PE ratio of -98.21 and a beta of 0.07.

Remitly Global (NASDAQ:RELY - Get Free Report) last announced its earnings results on Wednesday, February 19th. The financial services provider reported ($0.03) EPS for the quarter, topping analysts' consensus estimates of ($0.07) by $0.04. Remitly Global had a negative net margin of 2.93% and a negative return on equity of 6.10%. The business had revenue of $351.90 million during the quarter, compared to the consensus estimate of $343.67 million. Analysts forecast that Remitly Global, Inc. will post -0.04 earnings per share for the current year.

Insider Activity at Remitly Global

In other Remitly Global news, CEO Matthew B. Oppenheimer sold 14,583 shares of the stock in a transaction dated Monday, March 17th. The stock was sold at an average price of $19.31, for a total value of $281,597.73. Following the completion of the sale, the chief executive officer now directly owns 4,329,513 shares in the company, valued at approximately $83,602,896.03. This trade represents a 0.34 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Ankur Sinha sold 5,000 shares of the business's stock in a transaction dated Monday, March 17th. The stock was sold at an average price of $19.01, for a total value of $95,050.00. Following the sale, the insider now owns 397,805 shares in the company, valued at $7,562,273.05. The trade was a 1.24 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 48,749 shares of company stock valued at $1,081,736 over the last 90 days. Insiders own 8.10% of the company's stock.

Analyst Ratings Changes

RELY has been the topic of several research analyst reports. The Goldman Sachs Group lowered their target price on shares of Remitly Global from $33.00 to $26.00 and set a "buy" rating on the stock in a report on Wednesday. William Blair reaffirmed an "outperform" rating on shares of Remitly Global in a report on Thursday, February 20th. Barclays raised their target price on shares of Remitly Global from $28.00 to $29.00 and gave the company an "overweight" rating in a report on Monday, February 24th. Wells Fargo & Company boosted their price target on shares of Remitly Global from $21.00 to $25.00 and gave the stock an "equal weight" rating in a research report on Thursday, February 20th. Finally, BMO Capital Markets raised their price objective on Remitly Global from $27.00 to $32.00 and gave the company an "outperform" rating in a research note on Thursday, February 20th. One analyst has rated the stock with a hold rating and eight have issued a buy rating to the company's stock. Based on data from MarketBeat.com, Remitly Global presently has an average rating of "Moderate Buy" and a consensus price target of $27.25.

About Remitly Global

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.