UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Lowers Holdings in Flywire Co. (NASDAQ:FLYW)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lessened its holdings in shares of Flywire Co. (NASDAQ:FLYW - Free Report) by 12.4% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 609,925 shares of the company's stock after selling 86,697 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 0.49% of Flywire worth $9,997,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Jennison Associates LLC boosted its position in Flywire by 5.3% during the third quarter. Jennison Associates LLC now owns 2,226,750 shares of the company's stock worth $36,496,000 after purchasing an additional 112,218 shares during the period. Curi RMB Capital LLC bought a new position in Flywire during the third quarter worth about $1,143,000. FMR LLC lifted its holdings in shares of Flywire by 3.6% in the third quarter. FMR LLC now owns 9,408,098 shares of the company's stock worth $154,199,000 after buying an additional 326,120 shares in the last quarter. Westfield Capital Management Co. LP lifted its holdings in shares of 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 buying an additional 1,006,516 shares in the last quarter. Finally, Ensign Peak Advisors Inc purchased a new stake in shares of Flywire in the second quarter worth about $734,000. Institutional investors own 95.90% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the stock. The Goldman Sachs Group increased their price target on shares of Flywire from $22.00 to $27.00 and gave the stock a "buy" rating in a report on Monday, December 2nd. Deutsche Bank Aktiengesellschaft increased their price target on shares of Flywire from $23.00 to $26.00 and gave the stock a "buy" rating in a report on Monday, December 2nd. Morgan Stanley increased their price target on shares of Flywire from $20.00 to $21.00 and gave the stock an "equal weight" rating in a report on Monday, November 11th. JPMorgan Chase & Co. increased their price target on shares of Flywire from $18.00 to $21.00 and gave the stock a "neutral" rating in a report on Tuesday, August 20th. Finally, Wells Fargo & Company downgraded shares of Flywire from an "overweight" rating to an "equal weight" rating and decreased their price target for the stock from $20.00 to $18.00 in a research note on Friday, October 11th. Four investment 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 stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $25.29.

Flywire Stock Down 2.2 %

Shares of FLYW stock traded down $0.48 during mid-day trading on Monday, reaching $20.99. 1,112,277 shares of the company's stock traded hands, compared to its average volume of 1,404,904. Flywire Co. has a 12 month low of $15.19 and a 12 month high of $31.54. The company has a market cap of $2.61 billion, a P/E ratio of 139.93, a P/E/G ratio of 3.07 and a beta of 1.08. The company's 50-day moving average price is $19.26 and its 200-day moving average price is $17.97.

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.