Stevens Capital Management LP purchased a new position in Flutter Entertainment plc (NYSE:FLUT - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 1,025 shares of the company's stock, valued at approximately $265,000.
Several other hedge funds and other institutional investors have also recently bought and sold shares of FLUT. FMR LLC increased its holdings in Flutter Entertainment by 13.2% during the 3rd quarter. FMR LLC now owns 3,375,670 shares of the company's stock worth $794,362,000 after purchasing an additional 393,122 shares in the last quarter. Bank of Montreal Can increased its position in shares of Flutter Entertainment by 868.5% during the 3rd quarter. Bank of Montreal Can now owns 3,367,022 shares of the company's stock valued at $798,927,000 after purchasing an additional 3,019,376 shares during the last quarter. Cantillon Capital Management LLC raised its position in Flutter Entertainment by 0.5% in the fourth quarter. Cantillon Capital Management LLC now owns 2,410,178 shares of the company's stock worth $622,911,000 after acquiring an additional 12,794 shares during the period. Egerton Capital UK LLP boosted its stake in Flutter Entertainment by 3.4% in the fourth quarter. Egerton Capital UK LLP now owns 1,877,383 shares of the company's stock valued at $485,210,000 after acquiring an additional 61,833 shares during the last quarter. Finally, Geode Capital Management LLC purchased a new stake in Flutter Entertainment in the third quarter worth $436,599,000.
Flutter Entertainment Trading Down 2.2 %
Flutter Entertainment stock traded down $5.39 during mid-day trading on Tuesday, reaching $241.10. 2,948,742 shares of the company traded hands, compared to its average volume of 1,477,047. The company has a debt-to-equity ratio of 0.66, a current ratio of 0.89 and a quick ratio of 0.89. Flutter Entertainment plc has a 52-week low of $174.03 and a 52-week high of $299.73. The firm's 50 day moving average price is $263.02 and its 200 day moving average price is $253.65. The firm has a market capitalization of $42.79 billion and a price-to-earnings ratio of 1,095.91.
Insider Activity
In related news, Director Jeremy Peter Jackson sold 25,027 shares of the company's stock in a transaction on Thursday, March 6th. The shares were sold at an average price of $261.96, for a total value of $6,556,072.92. Following the completion of the transaction, the director now owns 21,148 shares of the company's stock, valued at approximately $5,539,930.08. This represents a 54.20 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Amy Howe sold 11,814 shares of the business's stock in a transaction on Thursday, March 6th. The stock was sold at an average price of $260.50, for a total transaction of $3,077,547.00. Following the completion of the transaction, the chief executive officer now directly owns 62,941 shares in the company, valued at $16,396,130.50. This trade represents a 15.80 % decrease in their position. The disclosure for this sale can be found here.
Analysts Set New Price Targets
A number of equities research analysts recently issued reports on the company. Needham & Company LLC boosted their price objective on Flutter Entertainment from $300.00 to $310.00 and gave the company a "buy" rating in a research note on Wednesday, March 5th. Peel Hunt upgraded shares of Flutter Entertainment from a "hold" rating to an "add" rating in a research note on Monday, March 10th. Wells Fargo & Company lifted their price objective on shares of Flutter Entertainment from $285.00 to $300.00 and gave the company an "overweight" rating in a research note on Wednesday, March 5th. Citigroup reiterated an "outperform" rating on shares of Flutter Entertainment in a research report on Wednesday, March 5th. Finally, BTIG Research set a $323.00 price objective on Flutter Entertainment in a report on Monday, February 3rd. Nineteen research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company has an average rating of "Buy" and an average target price of $311.41.
Get Our Latest Stock Analysis on Flutter Entertainment
Flutter Entertainment Profile
(
Free Report)
Flutter Entertainment plc operates as a sports betting and gaming company in the United Kingdom, Ireland, Australia, the United States, Italy, and internationally. The company operates through four segments: UK & Ireland, Australia, International, and US. It offers sports betting, iGaming, daily fantasy sports, online racing wagering, and TV broadcasting products; sportsbooks and exchange sports betting products, and gaming products; and online sports betting.
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