1 week Ago By Defense World Staff
LPL Financial LLC purchased a new position in shares of Remitly Global, Inc. ( NASDAQ:RELY – Free Report ) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 15,375 shares of the financial services provider’s stock, valued at approximately $347,000.
Other large investors also recently modified their holdings of the company. Baillie Gifford & Co. grew its position in Remitly Global by 1.
6% in the 4th quarter. Baillie Gifford & Co. now owns 9,385,334 shares of the financial services provider’s stock worth $211,827,000 after purchasing an additional 150,602 shares during the last quarter.
Principal Financial Group Inc. grew its position in Remitly Global by 10,213.8% during the third quarter.
Principal Financial Group Inc. now owns 2,020,791 shares of the financial services provider’s stock worth $27,058,000 after buying an additional 2,001,198 shares in the last quarter. Barclays PLC increased its stake in Remitly Global by 19.
2% during the third quarter. Barclays PLC now owns 1,408,402 shares of the financial services provider’s stock valued at $18,858,000 after acquiring an additional 227,231 shares during the period. Charles Schwab Investment Management Inc.
raised its holdings in Remitly Global by 2.1% in the 4th quarter. Charles Schwab Investment Management Inc.
now owns 1,246,582 shares of the financial services provider’s stock valued at $28,135,000 after acquiring an additional 25,616 shares in the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. lifted its position in shares of Remitly Global by 110.
7% in the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 1,060,634 shares of the financial services provider’s stock worth $23,939,000 after acquiring an additional 557,168 shares during the period.
74.25% of the stock is currently owned by institutional investors and hedge funds. Wall Street Analyst Weigh In A number of analysts have recently issued reports on the company.
The Goldman Sachs Group lowered their price objective on Remitly Global from $33.00 to $26.00 and set a “buy” rating on the stock in a research report on Wednesday, April 2nd.
BMO Capital Markets increased their price objective on shares of Remitly Global from $27.00 to $32.00 and gave the company an “outperform” rating in a research note on Thursday, February 20th.
KeyCorp decreased their target price on shares of Remitly Global from $33.00 to $24.00 and set an “overweight” rating on the stock in a research report on Wednesday.
Wells Fargo & Company increased 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, JMP Securities restated a “market outperform” rating and set a $32.00 price target on shares of Remitly Global in a research note on Thursday, April 10th. One research analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock.
According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $28.50.
Insiders Place Their Bets In related news, CEO Matthew B. Oppenheimer sold 14,583 shares of Remitly Global 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 $83,602,896.
03. This trade represents a 0.34 % decrease in their ownership of the stock.
The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website . Also, insider Ankur Sinha sold 5,000 shares of the company’s stock in a transaction dated Monday, March 17th. The shares were sold at an average price of $19.
01, for a total transaction of $95,050.00. Following the transaction, the insider now owns 397,805 shares in the company, valued at approximately $7,562,273.
05. The trade was a 1.24 % decrease in their ownership of the stock.
The disclosure for this sale can be found here . Over the last three months, insiders sold 54,166 shares of company stock valued at $1,133,685. Insiders own 8.
10% of the company’s stock. Remitly Global Trading Up 0.4 % NASDAQ:RELY opened at $20.
05 on Friday. The firm has a 50 day moving average of $21.00 and a 200-day moving average of $20.
91. Remitly Global, Inc. has a 1 year low of $11.
60 and a 1 year high of $27.32. The stock has a market capitalization of $4.
02 billion, a P/E ratio of -105.53 and a beta of 0.15.
Remitly Global ( NASDAQ:RELY – Get Free Report ) last announced its earnings results on Wednesday, February 19th. The financial services provider reported ($0.03) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.
07) by $0.04. Remitly Global had a negative return on equity of 6.
10% and a negative net margin of 2.93%. The company had revenue of $351.
90 million during the quarter, compared to analyst estimates of $343.67 million. As a group, analysts forecast that Remitly Global, Inc.
will post -0.04 EPS for the current fiscal year. About Remitly Global ( Free Report ) 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. Featured Stories Five stocks we like better than Remitly Global Dividend King Proctor & Gamble Is A Buy On Post-Earnings Weakness Markets Think Robinhood Earnings Could Send the Stock Up Following Congress Stock Trades Churchill Downs Stock: Could Tariff Fears Dampen Derby Gains? Best ESG Stocks: 11 Best Stocks for ESG Investing AT&T: Subscriber Growth & Buybacks Signal Bullish Turnaround Want to see what other hedge funds are holding RELY? Visit HoldingsChannel.
com to get the latest 13F filings and insider trades for Remitly Global, Inc. ( NASDAQ:RELY – Free Report ). Receive News & Ratings for Remitly Global Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Remitly Global and related companies with MarketBeat.
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