Bank of Montreal Can cut its stake in shares of Flutter Entertainment plc (NYSE:FLUT - Free Report) by 94.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 202,010 shares of the company's stock after selling 3,165,012 shares during the quarter. Bank of Montreal Can owned approximately 0.11% of Flutter Entertainment worth $52,209,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also made changes to their positions in the company. Norges Bank bought a new stake in shares of Flutter Entertainment during the fourth quarter valued at approximately $946,681,000. Geode Capital Management LLC bought a new stake in Flutter Entertainment during the 3rd quarter valued at $436,599,000. State Street Corp boosted its position in Flutter Entertainment by 61,014.6% during the 3rd 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 during the period. Jennison Associates LLC acquired a new position in shares of Flutter Entertainment during the fourth quarter valued at $239,306,000. Finally, William Blair Investment Management LLC bought a new stake in shares of Flutter Entertainment during the fourth quarter valued at about $137,958,000.
Flutter Entertainment Stock Down 0.7 %
Shares of NYSE:FLUT traded down $1.68 during midday trading on Tuesday, hitting $230.90. 555,458 shares of the stock were exchanged, compared to its average volume of 2,164,003. The business's fifty day simple moving average is $249.94 and its two-hundred day simple moving average is $253.33. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.89 and a current ratio of 0.89. Flutter Entertainment plc has a 52-week low of $174.03 and a 52-week high of $299.73. The company has a market capitalization of $40.98 billion and a PE ratio of 1,049.56.
Wall Street Analysts Forecast Growth
A number of analysts have commented on the stock. UBS Group boosted their price target on shares of Flutter Entertainment from $335.00 to $340.00 and gave the stock a "buy" rating in a research report on Thursday, March 6th. Citizens Jmp cut their target price on Flutter Entertainment from $328.00 to $317.00 and set an "outperform" rating for the company in a research report on Monday. Stifel Nicolaus assumed coverage on Flutter Entertainment in a research report on Friday, January 17th. They set a "buy" rating and a $320.00 price target on the stock. JMP Securities cut their price objective on Flutter Entertainment from $328.00 to $317.00 and set a "market outperform" rating for the company in a report on Monday. Finally, Susquehanna lowered their target price on Flutter Entertainment from $317.00 to $315.00 and set a "positive" rating on the stock in a report on Wednesday, March 5th. Twenty investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Buy" and an average price target of $312.06.
Read Our Latest Research Report on FLUT
Insider Transactions at Flutter Entertainment
In other news, Director Jeremy Peter Jackson sold 25,027 shares of the firm's stock in a transaction 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 transaction, the director now 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Amy Howe sold 11,814 shares of the company'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 sale, the chief executive officer now owns 62,941 shares of the company's stock, valued at $16,396,130.50. This represents a 15.80 % decrease in their ownership of the stock. The disclosure for this sale can be found here.
Flutter Entertainment Company 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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