Flywire Co. (NASDAQ:FLYW) Shares Purchased by Geode Capital Management LLC

Geode Capital Management LLC increased its stake in Flywire Co. (NASDAQ:FLYW) by 0.6% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,799,486 shares of the company’s stock after purchasing an additional 17,062 shares during the period. Geode Capital Management LLC owned 2.23% of Flywire worth $45,892,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently bought and sold shares of FLYW. 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 period. Primecap Management Co. CA lifted its position in Flywire by 253.3% during the second quarter. Primecap Management Co. CA now owns 1,962,633 shares of the company’s stock valued at $32,168,000 after purchasing an additional 1,407,180 shares during the period. Westfield Capital Management Co. LP boosted its holdings 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 valued at $102,059,000 after purchasing an additional 1,006,516 shares during the last quarter. Point72 Asset Management L.P. acquired a new stake in Flywire during the 2nd quarter worth about $12,642,000. Finally, Blair William & Co. IL lifted its holdings in shares of Flywire by 33.4% in the 2nd quarter. Blair William & Co. IL now owns 1,810,719 shares of the company’s stock valued at $29,678,000 after buying an additional 453,183 shares during the period. Hedge funds and other institutional investors own 95.90% of the company’s stock.

Flywire Stock Performance

NASDAQ:FLYW opened at $19.84 on Tuesday. The stock has a 50 day moving average price of $20.13 and a 200 day moving average price of $18.18. The stock has a market cap of $2.47 billion, a PE ratio of 132.27, a P/E/G ratio of 3.10 and a beta of 1.08. Flywire Co. has a one year low of $15.19 and a one year high of $31.54.

Wall Street Analyst Weigh In

Several analysts recently commented on FLYW shares. B. Riley reaffirmed a “buy” rating and set a $30.00 target price on shares of Flywire in a report on Wednesday, October 2nd. 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 research note on Monday, December 2nd. Raymond James boosted their target price on shares of Flywire from $23.00 to $27.00 and gave the company a “strong-buy” rating in a research note on Friday, November 8th. Morgan Stanley increased their price target on Flywire from $20.00 to $21.00 and gave the stock an “equal weight” rating in a research report on Monday, November 11th. Finally, Deutsche Bank Aktiengesellschaft lifted their target price on shares of Flywire from $23.00 to $26.00 and gave the company a “buy” rating in a research report on Monday, December 2nd. Four investment analysts have rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target 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.