APG Asset Management N.V. Buys Shares of 31,000 Flutter Entertainment plc (NYSE:FLUT)

APG Asset Management N.V. acquired a new position in shares of Flutter Entertainment plc (NYSE:FLUT - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 31,000 shares of the company's stock, valued at approximately $7,737,000.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Norges Bank bought a new stake in shares of Flutter Entertainment in the 4th quarter worth $946,681,000. Invesco Ltd. bought a new position in Flutter Entertainment in the 4th quarter valued at $621,680,000. Geode Capital Management LLC bought a new stake in shares of Flutter Entertainment during the 3rd quarter valued at about $436,599,000. State Street Corp grew its position in Flutter Entertainment by 61,014.6% in the third quarter. State Street Corp now owns 1,011,447 shares of the company's stock worth $239,996,000 after acquiring an additional 1,009,792 shares in the last quarter. Finally, Jennison Associates LLC purchased a new position in Flutter Entertainment in the 4th quarter worth $239,306,000.

Flutter Entertainment Stock Down 1.1 %

FLUT stock traded down $2.45 during trading on Wednesday, hitting $227.45. 706,911 shares of the stock traded hands, compared to its average volume of 1,740,551. The stock has a market cap of $40.37 billion and a price-to-earnings ratio of 1,033.86. The company has a debt-to-equity ratio of 0.66, a current ratio of 0.89 and a quick ratio of 0.89. The firm's 50 day moving average is $249.21 and its two-hundred day moving average is $253.16. Flutter Entertainment plc has a 1 year low of $174.03 and a 1 year high of $299.73.

Insider Activity at Flutter Entertainment

In other Flutter Entertainment news, Director Jeremy Peter Jackson sold 25,027 shares of the business's stock in a transaction that occurred on Thursday, March 6th. The stock was 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 directly owns 21,148 shares of the company's stock, valued at approximately $5,539,930.08. The trade was a 54.20 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Amy Howe sold 11,814 shares of the stock in a transaction that occurred on Thursday, March 6th. The shares were sold at an average price of $260.50, for a total value of $3,077,547.00. Following the transaction, the chief executive officer now 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 analysts have recently commented on FLUT shares. Wells Fargo & Company boosted their target price on shares of Flutter Entertainment from $285.00 to $300.00 and gave the company an "overweight" rating in a report on Wednesday, March 5th. Barclays lifted their price objective on Flutter Entertainment from $301.00 to $308.00 and gave the stock an "overweight" rating in a research note on Wednesday, March 5th. Macquarie reiterated an "outperform" rating and issued a $340.00 price target on shares of Flutter Entertainment in a report on Wednesday, March 5th. Truist Financial assumed coverage on Flutter Entertainment in a research report on Wednesday, February 26th. They issued a "buy" rating and a $330.00 price target for the company. Finally, Susquehanna reduced their price objective on Flutter Entertainment from $317.00 to $315.00 and set a "positive" rating for the company in a research note on Wednesday, March 5th. Twenty investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Flutter Entertainment currently has an average rating of "Buy" and a consensus price target 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.