NASPERS LTD

Naspers sells 12.00M RELY shares (47.2% of holdings) at $15.98; stock now -37.7% from 52-week high

Naspers executed a substantial sale of 12,000,000 shares at $15.98, reducing its RELY stake from 25,441,745 to 13,441,745 shares (a -47.2% reduction in holdings). The sale occurred when the stock was already -37.7% below its 52-week high of $24.49, and the current price of $15.25 sits 4.6% below the transaction price itself. Naspers' prior RELY sale on 2025-05-14 posted a -15.2% 90-day return, a well-timed outcome, though the cross-ticker track record shows mixed timing (100% well-timed rate on 2 prior sells but an average 90d return of -19.3%). The combination of a near-50% position reduction, execution at a depressed price relative to the 52-week range, and the stock's continued weakness post-transaction warrants investigation into whether this reflects a strategic repositioning or a broader reassessment of RELY's outlook.

Naspers reduces RELY stake to 25.44M shares, sells 11.9M shares for $272.3M at $22.88

Naspers, a 10% owner, sold 11,900,000 shares of Remitly Global, Inc. at $22.88 on 2025-05-14, reducing its position by 31.9% to 25,441,745 shares. The $272,331,500.00 transaction is substantial in absolute terms and represents a material reduction in stake. Notably, the stock is now trading at $22.81, just 0.31% below the transaction price, and has declined 16.0% from its 52-week high of $27.14, placing the sale at a relatively elevated valuation. While Naspers' cross-ticker track record shows a 100.00% well-timed sell rate (sales followed by declines), this is based on only 1 prior sale across all tickers and does not constitute strong statistical evidence of predictive timing ability at Remitly specifically. The company's latest quarterly revenue of $361,624,000.00 and annual growth of +33.8% reflect strong top-line expansion, though net income of $11,352,000.00 remains modest relative to revenue, and the company was unprofitable on a full-year basis, indicating margin pressures remain a structural concern.

Naspers (10% owner) sells 3.20M UDMY shares at $7.84; retains 13.92M; stock -48.6% from 52-wk high, company unprofitable.

Naspers sold 3,200,000 shares at $7.84, reducing its stake from 17.12M to 13.92M shares while the stock trades -48.6% below its 52-week high of $14.47. The sale occurred as Udemy reported unprofitability over its most recent full fiscal year despite 15.9% annual revenue growth. The transaction reflects a substantial reduction (18.7% of pre-transaction holdings) by a major stakeholder at a price that is 5.4% above the current market price of $7.44, suggesting execution at or near recent market conditions. The combination of depressed valuation, persistent losses, and a material position reduction by a significant owner warrants close monitoring of capital structure changes and profitability trends at the company.