SkyOak Wealth LLC Has $205,000 Stock Holdings in Remitly Global, Inc. (NASDAQ:RELY)

SkyOak Wealth LLC trimmed its stake in shares of Remitly Global, Inc. (NASDAQ:RELY) by 34.9% in the fourth quarter, according to the company in its most recent filing with the SEC. The firm owned 9,088 shares of the financial services provider’s stock after selling 4,873 shares during the quarter. SkyOak Wealth LLC’s holdings in Remitly Global were worth $205,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Massachusetts Financial Services Co. MA lifted its position in Remitly Global by 4.9% during the third quarter. Massachusetts Financial Services Co. MA now owns 3,657,924 shares of the financial services provider’s stock worth $48,980,000 after purchasing an additional 169,454 shares during the period. ArrowMark Colorado Holdings LLC raised its position in shares of Remitly Global by 13.8% in the 3rd quarter. ArrowMark Colorado Holdings LLC now owns 3,553,263 shares of the financial services provider’s stock valued at $47,578,000 after buying an additional 431,987 shares in the last quarter. Geode Capital Management LLC lifted its holdings in shares of Remitly Global by 3.2% during the 3rd quarter. Geode Capital Management LLC now owns 3,479,666 shares of the financial services provider’s stock worth $46,601,000 after acquiring an additional 107,468 shares during the period. Principal Financial Group Inc. boosted its position in shares of Remitly Global by 10,213.8% during the 3rd quarter. Principal Financial Group Inc. now owns 2,020,791 shares of the financial services provider’s stock worth $27,058,000 after acquiring an additional 2,001,198 shares in the last quarter. Finally, Barclays PLC increased its stake in Remitly Global by 19.2% in 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 last quarter. Institutional investors own 74.25% of the company’s stock.

Insider Buying and Selling

In other Remitly Global news, insider Joshua Hug sold 22,198 shares of the company’s stock in a transaction on Tuesday, November 26th. The shares were sold at an average price of $20.62, for a total transaction of $457,722.76. Following the sale, the insider now owns 3,873,811 shares of the company’s stock, valued at approximately $79,877,982.82. This represents a 0.57 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Pankaj Sharma sold 4,000 shares of the company’s stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $20.00, for a total value of $80,000.00. Following the sale, the insider now owns 151,576 shares in the company, valued at approximately $3,031,520. The trade was a 2.57 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 56,476 shares of company stock valued at $1,202,171 in the last three months. Insiders own 8.10% of the company’s stock.

Remitly Global Stock Performance

NASDAQ:RELY opened at $23.50 on Monday. The stock’s 50-day moving average is $22.25 and its 200-day moving average is $17.47. Remitly Global, Inc. has a 1-year low of $11.60 and a 1-year high of $24.09.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on the company. Wells Fargo & Company upped their target price on Remitly Global from $18.00 to $21.00 and gave the stock an “equal weight” rating in a research note on Thursday, January 16th. Barclays upped their price objective on Remitly Global from $20.00 to $23.00 and gave the stock an “overweight” rating in a research report on Monday, November 18th. JMP Securities lifted their target price on 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, KeyCorp increased their target price on shares of Remitly Global from $20.00 to $21.00 and gave the stock an “overweight” rating in a report on Thursday, October 31st. One research analyst has rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $23.13.

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.