Edmond DE Rothschild Holding S.A. Decreases Position in Flywire Co. (NASDAQ:FLYW)

Edmond DE Rothschild Holding S.A. decreased its position in Flywire Co. (NASDAQ:FLYW) by 14.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 15,630 shares of the company’s stock after selling 2,740 shares during the period. Edmond DE Rothschild Holding S.A.’s holdings in Flywire were worth $322,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Rock Creek Group LP bought a new stake in shares of Flywire in the fourth quarter valued at $1,050,000. Palogic Value Management L.P. raised its stake in Flywire by 5.6% in the 4th quarter. Palogic Value Management L.P. now owns 190,000 shares of the company’s stock valued at $3,918,000 after acquiring an additional 10,000 shares during the period. Pictet Asset Management Holding SA lifted its holdings in Flywire by 25.5% during the fourth quarter. Pictet Asset Management Holding SA now owns 16,113 shares of the company’s stock valued at $332,000 after purchasing an additional 3,273 shares during the last quarter. Norges Bank bought a new position in Flywire during the fourth quarter worth about $7,541,000. Finally, JPMorgan Chase & Co. increased its stake in shares of Flywire by 94.6% in the fourth quarter. JPMorgan Chase & Co. now owns 458,213 shares of the company’s stock worth $9,448,000 after purchasing an additional 222,804 shares in the last quarter. 95.90% of the stock is owned by institutional investors.

Flywire Price Performance

Shares of FLYW opened at $9.83 on Thursday. Flywire Co. has a 1-year low of $8.62 and a 1-year high of $24.33. The company has a market capitalization of $1.21 billion, a P/E ratio of 65.53, a P/E/G ratio of 1.41 and a beta of 1.17. The firm’s 50 day simple moving average is $14.62 and its 200 day simple moving average is $17.64.

Flywire (NASDAQ:FLYW) last announced its earnings results on Tuesday, February 25th. The company reported ($0.12) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.01) by ($0.11). The company had revenue of $112.80 million during the quarter, compared to analysts’ expectations of $118.85 million. Flywire had a return on equity of 2.49% and a net margin of 4.23%. On average, equities analysts anticipate that Flywire Co. will post 0.14 earnings per share for the current year.

Insider Transactions at Flywire

In other Flywire news, Director Gretchen Howard acquired 8,889 shares of the stock in a transaction dated Thursday, February 27th. The stock was purchased at an average cost of $10.94 per share, for a total transaction of $97,245.66. Following the acquisition, the director now owns 30,770 shares in the company, valued at $336,623.80. The trade was a 40.62 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at this link. Also, General Counsel Peter Butterfield sold 5,523 shares of the stock in a transaction 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 transaction, the general counsel now directly owns 247,561 shares in the company, valued at approximately $2,495,414.88. This represents a 2.18 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 3.90% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently commented on FLYW shares. Seaport Res Ptn downgraded shares of Flywire from a “strong-buy” rating to a “hold” rating in a report on Tuesday, January 14th. Citigroup cut their price target on Flywire from $26.00 to $13.00 and set a “buy” rating for the company in a report on Monday, March 24th. Royal Bank of Canada decreased their price objective on Flywire from $25.00 to $20.00 and set an “outperform” rating on the stock in a research note on Wednesday, February 26th. Wells Fargo & Company cut their target price on Flywire from $20.00 to $16.00 and set an “equal weight” rating for the company in a research note on Wednesday, February 26th. Finally, Raymond James cut Flywire from a “strong-buy” rating to an “outperform” rating and decreased their price target for the company from $29.00 to $17.00 in a research report on Wednesday, February 26th. Ten equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Flywire currently has a consensus rating of “Hold” and an average price target of $17.92.

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.