Harbor Capital Advisors Inc. Has $4.64 Million Holdings in Flywire Co. (NASDAQ:FLYW)

Harbor Capital Advisors Inc. increased its holdings in shares of Flywire Co. (NASDAQ:FLYW) by 0.7% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 224,775 shares of the company’s stock after purchasing an additional 1,531 shares during the quarter. Harbor Capital Advisors Inc. owned approximately 0.18% of Flywire worth $4,635,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in FLYW. World Investment Advisors LLC bought a new position in Flywire in the third quarter valued at approximately $209,000. Geode Capital Management LLC grew its stake in shares of Flywire by 0.6% in the third quarter. Geode Capital Management LLC now owns 2,799,486 shares of the company’s stock valued at $45,892,000 after buying an additional 17,062 shares in the last quarter. Brophy Wealth Management LLC acquired a new position in Flywire during the third quarter worth $263,000. Bullseye Asset Management LLC raised its position in Flywire by 0.7% during the third quarter. Bullseye Asset Management LLC now owns 146,846 shares of the company’s stock worth $2,407,000 after acquiring an additional 1,000 shares in the last quarter. Finally, Barclays PLC lifted its stake in Flywire by 361.4% in the third quarter. Barclays PLC now owns 197,493 shares of the company’s stock valued at $3,236,000 after acquiring an additional 154,694 shares during the last quarter. Institutional investors own 95.90% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently weighed in on FLYW. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Flywire from $23.00 to $26.00 and gave the stock a “buy” rating in a research note on Monday, December 2nd. Wells Fargo & Company cut Flywire from an “overweight” rating to an “equal weight” rating and cut their price objective for the company from $20.00 to $18.00 in a research report on Friday, October 11th. Raymond James boosted their target price on Flywire from $23.00 to $27.00 and gave the stock a “strong-buy” rating in a report on Friday, November 8th. The Goldman Sachs Group raised their price target on Flywire from $22.00 to $27.00 and gave the company a “buy” rating in a report on Monday, December 2nd. Finally, Royal Bank of Canada reiterated an “outperform” rating and issued a $25.00 price objective on shares of Flywire in a report on Thursday. Four research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, Flywire has an average rating of “Moderate Buy” and a consensus price target of $25.29.

Flywire Stock Down 4.9 %

NASDAQ FLYW opened at $17.80 on Friday. Flywire Co. has a 12-month low of $15.19 and a 12-month high of $31.54. The firm has a 50-day moving average price of $20.88 and a two-hundred day moving average price of $18.52. The company has a market capitalization of $2.21 billion, a P/E ratio of 118.67, a P/E/G ratio of 3.03 and a beta of 1.10.

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.