Flywire Co. (NASDAQ:FLYW) Shares Acquired by Fmr LLC

FMR LLC grew its position in shares of Flywire Co. (NASDAQ:FLYW - Free Report) by 3.6% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 9,408,098 shares of the company's stock after purchasing an additional 326,120 shares during the period. FMR LLC owned approximately 7.51% of Flywire worth $154,199,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Quarry LP purchased a new position in Flywire in the second quarter worth $26,000. Headlands Technologies LLC grew its stake in shares of Flywire by 82.3% in the 2nd quarter. Headlands Technologies LLC now owns 3,343 shares of the company's stock valued at $55,000 after buying an additional 1,509 shares during the period. Daiwa Securities Group Inc. purchased a new position in shares of Flywire during the 2nd quarter worth approximately $64,000. Advisors Asset Management Inc. lifted its holdings in Flywire by 15.4% during the 3rd quarter. Advisors Asset Management Inc. now owns 4,046 shares of the company's stock worth $66,000 after buying an additional 539 shares in the last quarter. Finally, SG Americas Securities LLC acquired a new stake in Flywire during the 3rd quarter worth approximately $149,000. Hedge funds and other institutional investors own 95.90% of the company's stock.

Insider Activity at Flywire

In related news, CTO David R. King sold 3,504 shares of Flywire stock in a transaction dated Thursday, September 5th. The stock was sold at an average price of $17.31, for a total value of $60,654.24. Following the completion of the transaction, the chief technology officer now owns 616,680 shares in the company, valued at $10,674,730.80. The trade was a 0.56 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, COO Rob Orgel sold 3,824 shares of the business's stock in a transaction that occurred on Thursday, September 5th. The stock was sold at an average price of $17.31, for a total value of $66,193.44. Following the transaction, the chief operating officer now owns 473,648 shares in the company, valued at approximately $8,198,846.88. This represents a 0.80 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 8,663 shares of company stock valued at $149,957. Insiders own 3.90% of the company's stock.

Flywire Price Performance

Shares of NASDAQ FLYW traded down $0.65 during mid-day trading on Wednesday, reaching $22.05. The company's stock had a trading volume of 1,024,200 shares, compared to its average volume of 1,410,262. The firm has a market capitalization of $2.74 billion, a PE ratio of 147.07, a P/E/G ratio of 3.90 and a beta of 1.08. The stock has a fifty day moving average of $18.96 and a two-hundred day moving average of $17.88. Flywire Co. has a 52 week low of $15.19 and a 52 week high of $31.54.

Wall Street Analysts Forecast Growth

FLYW has been the topic of several analyst reports. Citigroup lowered their target price on shares of Flywire from $27.00 to $25.00 and set a "buy" rating on the stock in a report on Wednesday, August 7th. Royal Bank of Canada cut their price objective on shares of Flywire from $34.00 to $25.00 and set an "outperform" rating on the stock in a research report on Wednesday, August 7th. The Goldman Sachs Group lifted their target price on shares of Flywire from $22.00 to $27.00 and gave the stock a "buy" rating in a research report on Monday. JPMorgan Chase & Co. lifted their price target on shares of Flywire from $18.00 to $21.00 and gave the company a "neutral" rating in a research report on Tuesday, August 20th. Finally, Deutsche Bank Aktiengesellschaft boosted their target price on shares of Flywire from $23.00 to $26.00 and gave the company a "buy" rating in a research note on Monday. Four investment analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $25.29.

Flywire Profile

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.