Aviva PLC Raises Holdings in Flutter Entertainment plc (NYSE:FLUT)

Aviva PLC lifted its holdings in Flutter Entertainment plc (NYSE:FLUT - Free Report) by 67.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 214,595 shares of the company's stock after buying an additional 86,801 shares during the quarter. Aviva PLC owned approximately 0.12% of Flutter Entertainment worth $55,462,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of FLUT. Harvest Fund Management Co. Ltd bought a new stake in Flutter Entertainment during the 4th quarter valued at about $25,000. Farther Finance Advisors LLC raised its stake in shares of Flutter Entertainment by 585.7% during the fourth quarter. Farther Finance Advisors LLC now owns 96 shares of the company's stock valued at $25,000 after acquiring an additional 82 shares in the last quarter. Raleigh Capital Management Inc. purchased a new stake in shares of Flutter Entertainment in the fourth quarter valued at approximately $26,000. BOCHK Asset Management Ltd bought a new position in Flutter Entertainment in the fourth quarter worth approximately $26,000. Finally, IFP Advisors Inc increased its holdings in Flutter Entertainment by 244.1% during the 4th quarter. IFP Advisors Inc now owns 117 shares of the company's stock worth $31,000 after purchasing an additional 83 shares during the period.

Analyst Upgrades and Downgrades

FLUT has been the subject of several research reports. Stifel Nicolaus started coverage on Flutter Entertainment in a report on Friday, January 17th. They issued a "buy" rating and a $320.00 target price for the company. BTIG Research set a $323.00 price objective on shares of Flutter Entertainment in a research note on Monday, February 3rd. Peel Hunt upgraded shares of Flutter Entertainment from a "hold" rating to an "add" rating in a report on Monday, March 10th. UBS Group boosted their price target on shares of Flutter Entertainment from $335.00 to $340.00 and gave the company a "buy" rating in a report on Thursday, March 6th. Finally, Barclays increased their price objective on shares of Flutter Entertainment from $301.00 to $308.00 and gave the company an "overweight" rating in a research note on Wednesday, March 5th. Nineteen investment 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 company currently has a consensus rating of "Buy" and an average target price of $311.41.

Insider Buying and Selling

In related news, CEO Amy Howe sold 11,814 shares of the firm's stock in a transaction on Thursday, March 6th. The stock was sold at an average price of $260.50, for a total value of $3,077,547.00. Following the completion of 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 sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Jeremy Peter Jackson sold 25,027 shares of the business's stock in a transaction dated 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 sale, the director now owns 21,148 shares in the company, valued at approximately $5,539,930.08. The trade was a 54.20 % decrease in their position. The disclosure for this sale can be found here.

Flutter Entertainment Stock Down 1.3 %

Shares of FLUT stock traded down $2.99 during trading hours on Friday, reaching $226.66. 1,131,897 shares of the company's stock were exchanged, compared to its average volume of 1,722,061. Flutter Entertainment plc has a 1 year low of $174.03 and a 1 year high of $299.73. The company has a current ratio of 0.89, a quick ratio of 0.89 and a debt-to-equity ratio of 0.66. The stock has a market cap of $40.23 billion and a PE ratio of 1,031.96. The stock's fifty day moving average price is $251.27 and its two-hundred day moving average price is $253.37.

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.