The Manufacturers Life Insurance Company Sells 2,008 Shares of Flywire Co. (NASDAQ:FLYW)

The Manufacturers Life Insurance Company lessened its stake in shares of Flywire Co. (NASDAQ:FLYW) by 2.9% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 66,420 shares of the company’s stock after selling 2,008 shares during the period. The Manufacturers Life Insurance Company owned about 0.05% of Flywire worth $1,089,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also bought and sold shares of the company. Jennison Associates LLC raised its holdings 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 acquiring an additional 112,218 shares in the last quarter. Curi RMB Capital LLC bought a new stake in Flywire in the third quarter valued at approximately $1,143,000. Westfield Capital Management Co. LP raised 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 valued at $102,059,000 after buying an additional 1,006,516 shares during the period. Ensign Peak Advisors Inc bought a new stake in Flywire in the second quarter valued at approximately $734,000. Finally, Primecap Management Co. CA raised its stake in Flywire by 253.3% in the second quarter. Primecap Management Co. CA now owns 1,962,633 shares of the company’s stock valued at $32,168,000 after buying an additional 1,407,180 shares during the period. Institutional investors own 95.90% of the company’s stock.

Analyst Ratings Changes

Several analysts have issued reports on FLYW shares. Deutsche Bank Aktiengesellschaft upped their price objective on Flywire from $23.00 to $26.00 and gave the company a “buy” rating in a research note on Monday, December 2nd. JPMorgan Chase & Co. upped their target price 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 reaffirmed a “buy” rating and issued a $30.00 target price on shares of Flywire in a research report on Wednesday, October 2nd. The Goldman Sachs Group upped their target price on Flywire from $22.00 to $27.00 and gave the company a “buy” rating in a research report on Monday, December 2nd. Finally, Morgan Stanley upped their target price 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 equities research 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. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $25.29.

Flywire Stock Performance

Shares of FLYW stock opened at $20.36 on Thursday. The stock’s fifty day moving average price is $19.53 and its two-hundred day moving average price is $18.03. The company has a market cap of $2.53 billion, a PE ratio of 135.73, a P/E/G ratio of 3.07 and a beta of 1.08. Flywire Co. has a fifty-two week low of $15.19 and a fifty-two 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.