Capital International Sarl raised its holdings in shares of Flutter Entertainment plc (NYSE:FLUT - Free Report) by 39.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 107,145 shares of the company's stock after buying an additional 30,092 shares during the quarter. Capital International Sarl owned about 0.06% of Flutter Entertainment worth $27,688,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also modified their holdings of the company. Harvest Fund Management Co. Ltd acquired a new position in Flutter Entertainment during the 4th quarter valued at $25,000. Farther Finance Advisors LLC raised its position in shares of Flutter Entertainment by 585.7% during the fourth quarter. Farther Finance Advisors LLC now owns 96 shares of the company's stock valued at $25,000 after buying an additional 82 shares during the last quarter. Raleigh Capital Management Inc. bought a new stake in shares of Flutter Entertainment in the fourth quarter valued at about $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 grew its position in Flutter Entertainment by 244.1% during the fourth quarter. IFP Advisors Inc now owns 117 shares of the company's stock worth $31,000 after buying an additional 83 shares in the last quarter.
Flutter Entertainment Price Performance
Flutter Entertainment stock opened at $227.42 on Friday. The business's fifty day moving average is $247.55 and its two-hundred day moving average is $252.92. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.89 and a current ratio of 0.89. The firm has a market cap of $40.36 billion and a P/E ratio of 1,033.70. Flutter Entertainment plc has a 52 week low of $174.03 and a 52 week high of $299.73.
Insider Activity at Flutter Entertainment
In other Flutter Entertainment news, CEO Amy Howe sold 11,814 shares of the stock in a transaction on Thursday, March 6th. The stock was sold at an average price of $260.50, for a total value 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 trade represents a 15.80 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Jeremy Peter Jackson sold 25,027 shares of Flutter Entertainment 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 completion of 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.
Analyst Ratings Changes
A number of analysts have commented on the company. Benchmark raised their price objective on Flutter Entertainment from $275.00 to $300.00 and gave the stock a "buy" rating in a research report on Wednesday, March 5th. Susquehanna reduced their target price on Flutter Entertainment from $317.00 to $315.00 and set a "positive" rating for the company in a research report on Wednesday, March 5th. Barclays boosted their price target on shares of Flutter Entertainment from $301.00 to $308.00 and gave the company an "overweight" rating in a report on Wednesday, March 5th. Stifel Nicolaus started coverage on shares of Flutter Entertainment in a report on Friday, January 17th. They set a "buy" rating and a $320.00 price objective for the company. Finally, Citizens Jmp lowered their target price on shares of Flutter Entertainment from $328.00 to $317.00 and set an "outperform" rating on the stock in a research note on Monday. Twenty analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Buy" and an average target price of $312.06.
Check Out Our Latest Report on Flutter Entertainment
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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