Allstate Corp bought a new position in Flutter Entertainment plc (NYSE:FLUT - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 5,299 shares of the company's stock, valued at approximately $1,370,000.
A number of other hedge funds have also modified their holdings of FLUT. DnB Asset Management AS lifted its holdings in Flutter Entertainment by 9.0% during the 4th quarter. DnB Asset Management AS now owns 31,421 shares of the company's stock valued at $8,121,000 after purchasing an additional 2,586 shares during the last quarter. Level Four Advisory Services LLC acquired a new stake in shares of Flutter Entertainment during the fourth quarter worth approximately $222,000. Pictet Asset Management Holding SA raised its stake in shares of Flutter Entertainment by 3.0% in the fourth quarter. Pictet Asset Management Holding SA now owns 57,321 shares of the company's stock valued at $14,815,000 after acquiring an additional 1,667 shares during the last quarter. Blair William & Co. IL acquired a new position in shares of Flutter Entertainment in the 4th quarter worth approximately $225,000. Finally, Norges Bank acquired a new stake in Flutter Entertainment during the 4th quarter valued at $946,681,000.
Insiders Place Their Bets
In other Flutter Entertainment news, Director Jeremy Peter Jackson sold 25,027 shares of the firm's stock in a transaction that occurred on Thursday, March 6th. The shares were sold at an average price of $261.96, for a total transaction of $6,556,072.92. Following the sale, the director now directly owns 21,148 shares in the company, valued at approximately $5,539,930.08. This trade 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 company's stock in a transaction that occurred on Thursday, March 6th. The shares were 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 owns 62,941 shares of the company's stock, 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.
Wall Street Analyst Weigh In
FLUT has been the topic of several research analyst reports. JMP Securities increased their target price on Flutter Entertainment from $299.00 to $311.00 and gave the stock a "market outperform" rating in a report on Monday, January 6th. UBS Group raised their price objective on shares of Flutter Entertainment from $335.00 to $340.00 and gave the company a "buy" rating in a research report on Thursday, March 6th. Benchmark upped their target price on shares of Flutter Entertainment from $275.00 to $300.00 and gave the stock a "buy" rating in a research report on Wednesday, March 5th. Susquehanna lowered their price target on shares of Flutter Entertainment from $317.00 to $315.00 and set a "positive" rating for the company in a report on Wednesday, March 5th. Finally, Peel Hunt raised Flutter Entertainment from a "hold" rating to an "add" rating in a report on Monday, March 10th. Nineteen equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Buy" and an average target price of $311.41.
Check Out Our Latest Report on FLUT
Flutter Entertainment Trading Up 3.0 %
Shares of FLUT stock traded up $6.71 on Wednesday, hitting $229.53. The stock had a trading volume of 2,794,759 shares, compared to its average volume of 1,641,015. The company has a current ratio of 0.89, a quick ratio of 0.89 and a debt-to-equity ratio of 0.66. Flutter Entertainment plc has a twelve month low of $174.03 and a twelve month high of $299.73. The company has a fifty day moving average price of $259.40 and a two-hundred day moving average price of $254.17. The firm has a market cap of $40.73 billion and a P/E ratio of 1,043.32.
About Flutter Entertainment
(
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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