Holocene Advisors LP Boosts Stock Position in Flywire Co. (NASDAQ:FLYW)

Holocene Advisors LP lifted its position in Flywire Co. (NASDAQ:FLYW - Free Report) by 46.8% during the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 125,273 shares of the company's stock after purchasing an additional 39,941 shares during the period. Holocene Advisors LP owned about 0.10% of Flywire worth $2,053,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in FLYW. Jennison Associates LLC raised its position in 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 purchasing an additional 112,218 shares during the last quarter. Curi RMB Capital LLC bought a new position in shares of Flywire during the third quarter valued at approximately $1,143,000. FMR LLC raised its holdings in shares of Flywire by 3.6% during the third quarter. FMR LLC now owns 9,408,098 shares of the company's stock valued at $154,199,000 after acquiring an additional 326,120 shares in the last quarter. Westfield Capital Management Co. LP lifted its stake in Flywire by 19.3% in the third 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 period. Finally, Ensign Peak Advisors Inc bought a new stake in Flywire in the second quarter valued at $734,000. 95.90% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have commented on FLYW. Wells Fargo & Company lowered shares of Flywire from an "overweight" rating to an "equal weight" rating and decreased their price objective for the stock from $20.00 to $18.00 in a report on Friday, October 11th. The Goldman Sachs Group raised their price objective on shares of Flywire from $22.00 to $27.00 and gave the stock a "buy" rating in a report on Monday, December 2nd. JPMorgan Chase & Co. lifted their price objective on Flywire from $18.00 to $21.00 and gave the company a "neutral" rating in a research report on Tuesday, August 20th. B. Riley reissued a "buy" rating and issued a $30.00 target price on shares of Flywire in a research report on Wednesday, October 2nd. Finally, Morgan Stanley lifted their price target on Flywire from $20.00 to $21.00 and gave the company an "equal weight" rating in a research report on Monday, November 11th. Four research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, Flywire has an average rating of "Moderate Buy" and an average target price of $25.29.

Flywire Stock Up 0.7 %

Shares of NASDAQ:FLYW traded up $0.15 on Friday, hitting $21.47. 1,010,991 shares of the company traded hands, compared to its average volume of 1,695,012. The company has a market cap of $2.67 billion, a PE ratio of 143.13, a PEG ratio of 3.68 and a beta of 1.08. The stock has a 50 day simple moving average of $19.26 and a 200-day simple moving average of $17.96. Flywire Co. has a 52 week low of $15.19 and a 52 week high of $31.54.

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.