Capital International Investors decreased its stake in shares of Flutter Entertainment plc (NYSE:FLUT - Free Report) by 6.0% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 2,751,429 shares of the company's stock after selling 175,352 shares during the period. Capital International Investors owned 1.55% of Flutter Entertainment worth $711,099,000 at the end of the most recent reporting period.
Other large investors have also made changes to their positions in the company. MML Investors Services LLC lifted its holdings in shares of Flutter Entertainment by 10.9% during the 3rd quarter. MML Investors Services LLC now owns 3,552 shares of the company's stock valued at $843,000 after acquiring an additional 350 shares in the last quarter. Virtu Financial LLC increased its stake in shares of Flutter Entertainment by 56.2% in the third quarter. Virtu Financial LLC now owns 7,371 shares of the company's stock worth $1,749,000 after buying an additional 2,652 shares during the last quarter. Sanctuary Advisors LLC bought a new stake in shares of Flutter Entertainment in the 3rd quarter worth about $802,000. Lord Abbett & CO. LLC acquired a new stake in Flutter Entertainment during the third quarter valued at approximately $24,464,000. Finally, Harbour Capital Advisors LLC acquired a new stake in shares of Flutter Entertainment during the 4th quarter valued at approximately $505,000.
Flutter Entertainment Stock Performance
Shares of FLUT stock traded up $0.73 during trading on Thursday, reaching $232.64. The company had a trading volume of 1,448,774 shares, compared to its average volume of 1,777,558. Flutter Entertainment plc has a one year low of $174.03 and a one year high of $299.73. The company has a market capitalization of $41.29 billion and a PE ratio of 1,057.56. The company has a debt-to-equity ratio of 0.66, a current ratio of 0.89 and a quick ratio of 0.89. The firm's 50 day simple moving average is $243.14 and its two-hundred day simple moving average is $252.69.
Wall Street Analysts Forecast Growth
Several research firms recently weighed in on FLUT. Truist Financial dropped their price objective on shares of Flutter Entertainment from $330.00 to $280.00 and set a "buy" rating on the stock in a research note on Wednesday. JMP Securities decreased their target price 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. Stifel Nicolaus cut their price objective on Flutter Entertainment from $320.00 to $315.00 and set a "buy" rating for the company in a report on Tuesday. Wells Fargo & Company upped their price target on Flutter Entertainment from $285.00 to $300.00 and gave the company an "overweight" rating in a report on Wednesday, March 5th. Finally, UBS Group raised their target price on shares of Flutter Entertainment from $335.00 to $340.00 and gave the stock a "buy" rating in a report on Thursday, March 6th. Twenty analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. According to MarketBeat, Flutter Entertainment currently has an average rating of "Buy" and an average price target of $306.67.
Get Our Latest Stock Report on FLUT
Insider Activity at Flutter Entertainment
In other Flutter Entertainment news, CEO Amy Howe sold 11,814 shares of Flutter Entertainment stock in a transaction on 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 sale, the chief executive officer now owns 62,941 shares in the company, valued at $16,396,130.50. The trade was a 15.80 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Jeremy Peter Jackson sold 25,027 shares of the company's stock in a transaction dated 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 completion of the sale, the director now directly 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 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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