Capital International Inc. CA reduced its stake in Flutter Entertainment plc (NYSE:FLUT - Free Report) by 13.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 232,841 shares of the company's stock after selling 35,078 shares during the quarter. Capital International Inc. CA owned about 0.13% of Flutter Entertainment worth $60,178,000 at the end of the most recent quarter.
A number of other large investors have also made changes to their positions in FLUT. Harvest Fund Management Co. Ltd acquired a new stake in shares of Flutter Entertainment during the fourth quarter worth $25,000. Farther Finance Advisors LLC boosted its stake in 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 stake in Flutter Entertainment in the 4th quarter valued at about $26,000. BOCHK Asset Management Ltd acquired a new position in shares of Flutter Entertainment during the 4th quarter valued at about $26,000. Finally, IFP Advisors Inc lifted its holdings in shares of 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 acquiring an additional 83 shares during the period.
Flutter Entertainment Stock Down 0.0 %
NYSE:FLUT traded down $0.07 during mid-day trading on Thursday, reaching $231.84. The stock had a trading volume of 1,898,636 shares, compared to its average volume of 1,779,697. The stock's 50 day simple moving average is $243.14 and its two-hundred day simple moving average is $252.69. Flutter Entertainment plc has a 1-year low of $174.03 and a 1-year high of $299.73. The company has a market capitalization of $41.14 billion and a price-to-earnings ratio of 1,054.41. The company has a debt-to-equity ratio of 0.66, a current ratio of 0.89 and a quick ratio of 0.89.
Analyst Ratings Changes
Several equities analysts recently commented on the stock. Susquehanna dropped their price target on shares of Flutter Entertainment from $317.00 to $315.00 and set a "positive" rating for the company in a research report on Wednesday, March 5th. Wells Fargo & Company boosted their price target on Flutter Entertainment from $285.00 to $300.00 and gave the company an "overweight" rating in a research report on Wednesday, March 5th. Needham & Company LLC boosted their target price on Flutter Entertainment from $300.00 to $310.00 and gave the stock a "buy" rating in a report on Wednesday, March 5th. UBS Group raised 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, JMP Securities dropped their price objective on shares of Flutter Entertainment from $328.00 to $317.00 and set a "market outperform" rating for the company in a research report on Monday, April 14th. Twenty research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Buy" and a consensus price target of $306.67.
Check Out Our Latest Stock Analysis on Flutter Entertainment
Insiders Place Their Bets
In other Flutter Entertainment news, Director Jeremy Peter Jackson sold 25,027 shares of the 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 sale, the director now directly 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Amy Howe sold 11,814 shares of Flutter Entertainment 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 completion of the transaction, the chief executive officer now directly owns 62,941 shares of the company's stock, valued at $16,396,130.50. This trade represents a 15.80 % decrease in their ownership of the stock. The disclosure for this sale can be found here.
About Flutter Entertainment
(
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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