Flywire Co. (NASDAQ:FLYW) Stock Holdings Lowered by Fmr LLC

FMR LLC cut its stake in shares of Flywire Co. (NASDAQ:FLYW - Free Report) by 6.5% during the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 8,797,166 shares of the company's stock after selling 610,932 shares during the period. FMR LLC owned approximately 7.07% of Flywire worth $181,398,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of FLYW. Geode Capital Management LLC grew its holdings in Flywire by 0.6% during the 3rd quarter. Geode Capital Management LLC now owns 2,799,486 shares of the company's stock valued at $45,892,000 after purchasing an additional 17,062 shares in the last quarter. Versor Investments LP purchased a new position in Flywire in the fourth quarter valued at about $1,118,000. Y Intercept Hong Kong Ltd grew its stake in Flywire by 345.3% during the 4th quarter. Y Intercept Hong Kong Ltd now owns 96,029 shares of the company's stock valued at $1,980,000 after purchasing an additional 74,465 shares in the last quarter. Sei Investments Co. increased its holdings in Flywire by 38.4% during the 4th quarter. Sei Investments Co. now owns 110,144 shares of the company's stock worth $2,271,000 after purchasing an additional 30,572 shares during the last quarter. Finally, Vanguard Group Inc. raised its position in shares of Flywire by 6.9% in the 4th quarter. Vanguard Group Inc. now owns 12,087,221 shares of the company's stock valued at $249,238,000 after purchasing an additional 781,711 shares in the last quarter. Institutional investors and hedge funds own 95.90% of the company's stock.

Insider Buying and Selling

In related news, Director Gretchen Howard purchased 8,889 shares of the company's stock in a transaction on Thursday, February 27th. The shares were bought at an average cost of $10.94 per share, for a total transaction of $97,245.66. Following the transaction, the director now owns 30,770 shares of the company's stock, valued at $336,623.80. This represents a 40.62 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available through this link. Also, General Counsel Peter Butterfield sold 5,523 shares of the stock in a transaction that occurred on Monday, March 10th. The shares were sold at an average price of $10.08, for a total transaction of $55,671.84. Following the completion of the transaction, the general counsel now owns 247,561 shares of the company's stock, valued at $2,495,414.88. This trade represents a 2.18 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 3.90% of the company's stock.

Analyst Ratings Changes

FLYW has been the subject of a number of research analyst reports. Royal Bank of Canada dropped their price target on shares of Flywire from $25.00 to $20.00 and set an "outperform" rating for the company in a research note on Wednesday, February 26th. Deutsche Bank Aktiengesellschaft downgraded shares of Flywire from a "buy" rating to a "hold" rating and dropped their target price for the stock from $26.00 to $16.00 in a research report on Wednesday, February 26th. Citigroup reduced their price target on shares of Flywire from $26.00 to $13.00 and set a "buy" rating on the stock in a research report on Monday, March 24th. BTIG Research lowered Flywire from a "buy" rating to a "neutral" rating in a report on Wednesday, February 26th. Finally, The Goldman Sachs Group reduced their target price on Flywire from $15.00 to $11.00 and set a "neutral" rating on the stock in a report on Wednesday, April 2nd. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and five have given a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of $17.00.

Flywire Stock Performance

Shares of Flywire stock traded up $0.05 during trading on Friday, hitting $8.88. 2,281,740 shares of the stock were exchanged, compared to its average volume of 1,685,039. The stock has a market cap of $1.10 billion, a PE ratio of 59.20, a P/E/G ratio of 1.41 and a beta of 1.22. The stock's fifty day moving average is $11.81 and its 200 day moving average is $16.91. Flywire Co. has a 12 month low of $8.20 and a 12 month high of $23.40.

Flywire (NASDAQ:FLYW - Get Free Report) last released its quarterly earnings results on Tuesday, February 25th. The company reported ($0.12) earnings per share for the quarter, missing analysts' consensus estimates of ($0.01) by ($0.11). Flywire had a net margin of 4.23% and a return on equity of 2.49%. The business had revenue of $112.80 million for the quarter, compared to the consensus estimate of $118.85 million. Sell-side analysts anticipate that Flywire Co. will post 0.14 EPS for the current fiscal year.

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.