1,171 Shares in Flutter Entertainment plc (NYSE:FLUT) Purchased by American Century Companies Inc.

American Century Companies Inc. purchased a new stake in Flutter Entertainment plc (NYSE:FLUT - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 1,171 shares of the company's stock, valued at approximately $303,000.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Jennison Associates LLC bought a new stake in Flutter Entertainment during the fourth quarter worth approximately $239,306,000. DJE Kapital AG bought a new position in Flutter Entertainment during the fourth quarter valued at about $442,000. Sanctuary Advisors LLC acquired a new position in Flutter Entertainment during the third quarter worth about $802,000. Benson Investment Management Company Inc. bought a new stake in Flutter Entertainment in the fourth quarter worth about $5,116,000. Finally, Bank of New York Mellon Corp lifted its holdings in Flutter Entertainment by 68.3% in the 4th quarter. Bank of New York Mellon Corp now owns 199,813 shares of the company's stock valued at $51,642,000 after acquiring an additional 81,101 shares during the last quarter.

Insiders Place Their Bets

In related news, CEO Amy Howe sold 11,814 shares of the business's stock in a transaction dated 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 owns 62,941 shares of the company's stock, valued at approximately $16,396,130.50. The trade was a 15.80 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, 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 value of $6,556,072.92. Following the completion of the sale, the director now directly owns 21,148 shares in the company, valued at $5,539,930.08. This trade represents a 54.20 % decrease in their position. The disclosure for this sale can be found here.

Flutter Entertainment Stock Up 0.1 %

NYSE FLUT traded up $0.24 during trading on Friday, reaching $227.42. The company's stock had a trading volume of 1,658,665 shares, compared to its average volume of 1,756,221. The business has a 50-day moving average price of $247.55 and a 200-day moving average price of $252.92. Flutter Entertainment plc has a 1-year low of $174.03 and a 1-year high of $299.73. The stock has a market capitalization of $40.36 billion and a PE ratio of 1,033.70. The company has a current ratio of 0.89, a quick ratio of 0.89 and a debt-to-equity ratio of 0.66.

Analyst Ratings Changes

A number of analysts recently commented on FLUT shares. Truist Financial initiated coverage on shares of Flutter Entertainment in a report on Wednesday, February 26th. They issued a "buy" rating and a $330.00 target price on the stock. Susquehanna cut their price objective on Flutter Entertainment from $317.00 to $315.00 and set a "positive" rating for the company in a research report on Wednesday, March 5th. Citigroup restated an "outperform" rating on shares of Flutter Entertainment in a report on Wednesday, March 5th. Peel Hunt raised Flutter Entertainment from a "hold" rating to an "add" rating in a report on Monday, March 10th. Finally, Citizens Jmp dropped their price target on Flutter Entertainment from $328.00 to $317.00 and set an "outperform" rating on the stock in a research note on Monday. Twenty analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, Flutter Entertainment currently has an average rating of "Buy" and a consensus target price of $312.06.

Flutter Entertainment Profile

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.