KBC Group NV Has $138,000 Position in Remitly Global, Inc. (NASDAQ:RELY)

KBC Group NV increased its stake in Remitly Global, Inc. (NASDAQ:RELY) by 49.7% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 6,121 shares of the financial services provider’s stock after purchasing an additional 2,033 shares during the period. KBC Group NV’s holdings in Remitly Global were worth $138,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of RELY. XTX Topco Ltd raised its position 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 worth $194,000 after acquiring an additional 563 shares during the last quarter. Claro Advisors LLC increased its position in 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 purchasing an additional 629 shares during the period. The Manufacturers Life Insurance Company raised its holdings in 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 purchasing an additional 1,170 shares during the last quarter. Advisors Asset Management Inc. lifted its position in Remitly Global by 58.7% during the 3rd 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 during the period. Finally, FMR LLC boosted its stake in shares of Remitly Global by 39.8% in the 3rd quarter. FMR LLC now owns 6,919 shares of the financial services provider’s stock valued at $93,000 after purchasing an additional 1,970 shares during the last quarter. Institutional investors and hedge funds own 74.25% of the company’s stock.

Remitly Global Trading Up 0.4 %

Shares of NASDAQ RELY opened at $25.52 on Friday. The company has a fifty day moving average price of $22.48 and a 200 day moving average price of $17.68. The firm has a market cap of $5.05 billion, a PE ratio of -72.91 and a beta of 0.07. Remitly Global, Inc. has a 1-year low of $11.60 and a 1-year high of $25.74.

Analyst Ratings Changes

A number of equities analysts have issued reports on RELY shares. KeyCorp raised their price objective on shares of Remitly Global from $20.00 to $21.00 and gave the company an “overweight” rating in a research note on Thursday, October 31st. Barclays increased their target price on shares of Remitly Global from $23.00 to $28.00 and gave the stock an “overweight” rating in a report on Monday. JMP Securities upped their price objective on shares of Remitly Global from $22.00 to $25.00 and gave the company a “market outperform” rating in a research report on Thursday, October 31st. Finally, Wells Fargo & Company lifted 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. One equities research analyst has rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $23.75.

Insider Transactions at Remitly Global

In other Remitly Global news, CEO Matthew B. Oppenheimer sold 14,583 shares of the business’s stock in a transaction dated Wednesday, January 22nd. The shares were sold at an average price of $23.14, for a total transaction of $337,450.62. Following the sale, the chief executive officer now directly owns 4,387,845 shares of the company’s stock, valued at $101,534,733.30. The trade was a 0.33 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, insider Joshua Hug sold 22,198 shares of the firm’s stock in a transaction dated 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 transaction, the insider now owns 3,873,811 shares of the company’s stock, valued at $79,877,982.82. The trade was a 0.57 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 52,476 shares of company stock valued at $1,122,171 over the last three months. Company insiders own 8.10% of the company’s stock.

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.