Barclays PLC Has $3.24 Million Stock Position in Flywire Co. (NASDAQ:FLYW)

Barclays PLC boosted its stake in shares of Flywire Co. (NASDAQ:FLYW) by 361.4% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 197,493 shares of the company’s stock after buying an additional 154,694 shares during the period. Barclays PLC owned about 0.16% of Flywire worth $3,236,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of FLYW. William Blair Investment Management LLC increased its position 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 worth $192,284,000 after acquiring an additional 6,519,598 shares in the last quarter. FMR LLC grew its position in Flywire by 3.6% during the 3rd quarter. FMR LLC now owns 9,408,098 shares of the company’s stock worth $154,199,000 after purchasing an additional 326,120 shares in the last quarter. Westfield Capital Management Co. LP raised its stake in Flywire by 19.3% during the 3rd 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 period. State Street Corp raised its stake in Flywire by 5.2% during the 3rd quarter. State Street Corp now owns 2,930,906 shares of the company’s stock valued at $48,038,000 after purchasing an additional 145,894 shares during the period. Finally, Jennison Associates LLC lifted its holdings in shares of Flywire by 5.3% in the third 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 in the last quarter. 95.90% of the stock is owned by hedge funds and other institutional investors.

Flywire Price Performance

Shares of NASDAQ:FLYW opened at $19.84 on Tuesday. The stock has a market capitalization of $2.47 billion, a P/E ratio of 132.27, a P/E/G ratio of 3.10 and a beta of 1.08. The business has a 50-day moving average of $20.13 and a two-hundred day moving average of $18.18. Flywire Co. has a fifty-two week low of $15.19 and a fifty-two week high of $31.54.

Wall Street Analysts Forecast Growth

FLYW has been the topic of a number of research analyst reports. Deutsche Bank Aktiengesellschaft lifted their price target on Flywire from $23.00 to $26.00 and gave the company a “buy” rating in a report on Monday, December 2nd. Morgan Stanley upped their target price on Flywire from $20.00 to $21.00 and gave the company an “equal weight” rating in a report on Monday, November 11th. 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 research report on Monday, December 2nd. B. Riley reaffirmed a “buy” rating and set a $30.00 price objective on shares of Flywire in a research report on Wednesday, October 2nd. Finally, Wells Fargo & Company downgraded shares of 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 report on Friday, October 11th. Four equities research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, Flywire has a consensus rating of “Moderate Buy” and an average target price of $25.29.

Flywire Company 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.