Commonwealth of Pennsylvania Public School Empls Retrmt SYS purchased a new position in Flutter Entertainment plc (NYSE:FLUT - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 32,342 shares of the company's stock, valued at approximately $8,359,000.
A number of other hedge funds and other institutional investors have also bought and sold shares of FLUT. Farther Finance Advisors LLC increased its holdings in Flutter Entertainment by 585.7% in the 4th 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 period. Harvest Fund Management Co. Ltd bought a new position in Flutter Entertainment in the fourth quarter valued at approximately $25,000. Raleigh Capital Management Inc. acquired a new position in Flutter Entertainment during the fourth quarter valued at approximately $26,000. BOCHK Asset Management Ltd bought a new stake in Flutter Entertainment during the fourth quarter worth $26,000. Finally, IFP Advisors Inc boosted its holdings in shares of Flutter Entertainment by 244.1% in the 4th quarter. IFP Advisors Inc now owns 117 shares of the company's stock valued at $31,000 after purchasing an additional 83 shares in the last quarter.
Analysts Set New Price Targets
A number of equities analysts have recently commented on FLUT shares. Needham & Company LLC boosted their price target on Flutter Entertainment from $300.00 to $310.00 and gave the stock a "buy" rating in a report on Wednesday, March 5th. Macquarie reissued an "outperform" rating and issued a $340.00 target price on shares of Flutter Entertainment in a report on Wednesday, March 5th. Stifel Nicolaus assumed coverage on shares of Flutter Entertainment in a research note on Friday, January 17th. They issued a "buy" rating and a $320.00 price target on the stock. JMP Securities upped their price objective 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. Finally, BTIG Research set a $323.00 target price on shares of Flutter Entertainment in a research report on Monday, February 3rd. Nineteen research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Flutter Entertainment presently has an average rating of "Buy" and an average price target of $311.41.
Read Our Latest Report on Flutter Entertainment
Insider Activity
In other news, Director Jeremy Peter Jackson sold 25,027 shares of the business's 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 directly owns 21,148 shares of the company's stock, valued at $5,539,930.08. The trade was a 54.20 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Amy Howe sold 11,814 shares of the firm's stock in a transaction that occurred 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 sale, the chief executive officer now directly owns 62,941 shares of the company's stock, valued at $16,396,130.50. This represents a 15.80 % decrease in their position. The disclosure for this sale can be found here.
Flutter Entertainment Trading Down 2.2 %
NYSE:FLUT traded down $5.39 on Tuesday, reaching $241.10. 2,948,742 shares of the stock traded hands, compared to its average volume of 1,478,326. The company has a current ratio of 0.89, a quick ratio of 0.89 and a debt-to-equity ratio of 0.66. Flutter Entertainment plc has a 1-year low of $174.03 and a 1-year high of $299.73. The company's 50 day moving average is $262.66 and its 200-day moving average is $253.85. The firm has a market capitalization of $42.79 billion and a price-to-earnings ratio of 1,095.91.
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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