Blue Whale Capital LLP lifted its holdings in Flutter Entertainment plc (NYSE:FLUT - Free Report) by 94.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 306,161 shares of the company's stock after acquiring an additional 148,418 shares during the period. Flutter Entertainment accounts for approximately 5.9% of Blue Whale Capital LLP's holdings, making the stock its 5th biggest holding. Blue Whale Capital LLP owned 0.17% of Flutter Entertainment worth $79,127,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also recently modified their holdings of FLUT. Harvest Fund Management Co. Ltd purchased a new stake in shares of Flutter Entertainment during the fourth quarter valued at $25,000. Farther Finance Advisors LLC boosted its holdings in shares of Flutter Entertainment by 585.7% in the fourth quarter. Farther Finance Advisors LLC now owns 96 shares of the company's stock valued at $25,000 after purchasing an additional 82 shares during the period. Raleigh Capital Management Inc. purchased a new position in shares of Flutter Entertainment during the fourth quarter valued at $26,000. BOCHK Asset Management Ltd bought a new stake in shares of Flutter Entertainment in the fourth quarter valued at about $26,000. Finally, IFP Advisors Inc lifted its position in shares of Flutter Entertainment by 244.1% in 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.
Flutter Entertainment Stock Performance
NYSE FLUT traded up $1.78 during trading hours on Friday, hitting $231.43. The company had a trading volume of 2,606,505 shares, compared to its average volume of 1,733,436. The business has a 50 day moving average of $250.62 and a 200-day moving average of $253.31. The company has a market cap of $41.07 billion and a PE ratio of 1,051.94. Flutter Entertainment plc has a 1-year low of $174.03 and a 1-year high of $299.73. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.89 and a current ratio of 0.89.
Analyst Ratings Changes
FLUT has been the topic of several research analyst reports. JMP Securities boosted their target price on shares of Flutter Entertainment from $299.00 to $311.00 and gave the stock a "market outperform" rating in a research report on Monday, January 6th. Peel Hunt raised shares of Flutter Entertainment from a "hold" rating to an "add" rating in a report on Monday, March 10th. BTIG Research set a $323.00 price target on shares of Flutter Entertainment in a report on Monday, February 3rd. Wells Fargo & Company lifted their price objective on Flutter Entertainment from $285.00 to $300.00 and gave the company an "overweight" rating in a research note on Wednesday, March 5th. Finally, Stifel Nicolaus assumed coverage on Flutter Entertainment in a report on Friday, January 17th. They set a "buy" rating and a $320.00 target price on the stock. Nineteen analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Buy" and an average price target of $311.41.
Check Out Our Latest Analysis on Flutter Entertainment
Insider Transactions at Flutter Entertainment
In other Flutter Entertainment news, CEO Amy Howe sold 11,814 shares of the company's stock in a transaction dated 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 transaction, the chief executive officer now directly owns 62,941 shares in the company, valued at approximately $16,396,130.50. This represents a 15.80 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Jeremy Peter Jackson sold 25,027 shares of Flutter Entertainment 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 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 disclosure for this sale can be found here.
Flutter Entertainment Company Profile
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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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