Flywire Co. (NASDAQ:FLYW) Shares Purchased by Barclays PLC

Barclays PLC grew its holdings in shares of Flywire Co. (NASDAQ:FLYW - Free Report) by 361.4% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 197,493 shares of the company's stock after purchasing an additional 154,694 shares during the quarter. Barclays PLC owned approximately 0.16% of Flywire worth $3,236,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of the business. William Blair Investment Management LLC increased its holdings in shares of Flywire by 125.1% in the second quarter. William Blair Investment Management LLC now owns 11,731,790 shares of the company's stock valued at $192,284,000 after purchasing an additional 6,519,598 shares during the last quarter. FMR LLC grew its holdings in Flywire by 3.6% in the 3rd quarter. FMR LLC now owns 9,408,098 shares of the company's stock valued at $154,199,000 after buying an additional 326,120 shares in the last quarter. Westfield Capital Management Co. LP increased its stake in shares of Flywire by 19.3% in the 3rd quarter. Westfield Capital Management Co. LP now owns 6,226,912 shares of the company's stock worth $102,059,000 after acquiring an additional 1,006,516 shares during the last quarter. State Street Corp raised its holdings in shares of Flywire by 5.2% during the 3rd quarter. State Street Corp now owns 2,930,906 shares of the company's stock worth $48,038,000 after acquiring an additional 145,894 shares during the period. Finally, Jennison Associates LLC boosted its position in shares of Flywire by 5.3% during the 3rd quarter. Jennison Associates LLC now owns 2,226,750 shares of the company's stock valued at $36,496,000 after acquiring an additional 112,218 shares during the last quarter. Hedge funds and other institutional investors own 95.90% of the company's stock.

Flywire Stock Performance

Shares of FLYW traded up $0.40 during mid-day trading on Tuesday, hitting $20.24. 364,100 shares of the company's stock were exchanged, compared to its average volume of 1,404,181. The stock's 50-day moving average is $20.20 and its 200-day moving average is $18.20. Flywire Co. has a fifty-two week low of $15.19 and a fifty-two week high of $31.54. The company has a market cap of $2.52 billion, a price-to-earnings ratio of 134.93, a P/E/G ratio of 3.10 and a beta of 1.08.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the stock. Deutsche Bank Aktiengesellschaft raised their price objective on shares of Flywire from $23.00 to $26.00 and gave the stock a "buy" rating in a research report on Monday, December 2nd. B. Riley restated a "buy" rating and set a $30.00 price target on shares of Flywire in a report on Wednesday, October 2nd. Raymond James upped their price objective on Flywire from $23.00 to $27.00 and gave the company a "strong-buy" rating in a report on Friday, November 8th. Wells Fargo & Company cut Flywire from an "overweight" rating to an "equal weight" rating and cut their target price for the stock from $20.00 to $18.00 in a research note on Friday, October 11th. Finally, The Goldman Sachs Group lifted their target price on Flywire from $22.00 to $27.00 and gave the company a "buy" rating in a research report on Monday, December 2nd. Four equities research analysts have rated the stock with a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Flywire presently has an average rating of "Moderate Buy" and a consensus target price of $25.29.

About Flywire

Flywire Corporation, together with its subsidiaries, operates as a payments enablement and software company in the United States and internationally. Its payment platform and network, and vertical-specific software help clients to get paid and help their customers to pay. The company's platform facilitates payment flows across multiple currencies, payment types, and payment options, as well as provides direct connections to alternative payment methods, such as Alipay, Boleto, PayPal/Venmo, and Trustly.