Cannell & Spears LLC purchased a new position in Flutter Entertainment plc (NYSE:FLUT - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 83,091 shares of the company's stock, valued at approximately $21,475,000.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Harvest Fund Management Co. Ltd purchased a new stake in shares of Flutter Entertainment during the fourth quarter worth about $25,000. Farther Finance Advisors LLC grew its position in shares of Flutter Entertainment by 585.7% in the 4th quarter. Farther Finance Advisors LLC now owns 96 shares of the company's stock worth $25,000 after buying an additional 82 shares during the last quarter. Raleigh Capital Management Inc. purchased a new position in shares of Flutter Entertainment during the fourth quarter valued at approximately $26,000. BOCHK Asset Management Ltd purchased a new stake in Flutter Entertainment in the fourth quarter worth $26,000. Finally, IFP Advisors Inc boosted its holdings in Flutter Entertainment by 244.1% in the fourth quarter. IFP Advisors Inc now owns 117 shares of the company's stock valued at $31,000 after acquiring an additional 83 shares in the last quarter.
Flutter Entertainment Stock Performance
Shares of Flutter Entertainment stock traded down $12.26 during trading on Thursday, hitting $217.19. 2,717,636 shares of the company's stock traded hands, compared to its average volume of 1,650,888. Flutter Entertainment plc has a 1 year low of $174.03 and a 1 year high of $299.73. The business has a 50-day simple moving average of $258.66 and a 200-day simple moving average of $254.00. The stock has a market capitalization of $38.54 billion and a P/E ratio of 987.22. The company has a debt-to-equity ratio of 0.66, a current ratio of 0.89 and a quick ratio of 0.89.
Wall Street Analysts Forecast Growth
A number of brokerages have recently weighed in on FLUT. Citigroup reaffirmed an "outperform" rating on shares of Flutter Entertainment in a research note on Wednesday, March 5th. Susquehanna decreased their price objective on Flutter Entertainment from $317.00 to $315.00 and set a "positive" rating for the company in a report on Wednesday, March 5th. Peel Hunt raised shares of Flutter Entertainment from a "hold" rating to an "add" rating in a research report on Monday, March 10th. Barclays lifted their price target on shares of Flutter Entertainment from $301.00 to $308.00 and gave the company an "overweight" rating in a research report on Wednesday, March 5th. Finally, Wells Fargo & Company boosted their price objective on shares of Flutter Entertainment from $285.00 to $300.00 and gave the stock an "overweight" rating in a research note on Wednesday, March 5th. Nineteen equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Buy" and a consensus price target of $311.41.
View Our Latest Stock Report on FLUT
Insider Activity
In other Flutter Entertainment news, Director Jeremy Peter Jackson sold 25,027 shares of the stock in a transaction dated 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 transaction, the director now owns 21,148 shares of the company's stock, valued at approximately $5,539,930.08. This represents a 54.20 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Amy Howe sold 11,814 shares of the business's stock in a transaction dated 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 sale, the chief executive officer now owns 62,941 shares of the company's stock, valued at approximately $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 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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