Dodge & Cox grew its holdings in Flutter Entertainment plc (NYSE:FLUT - Free Report) by 0.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 628,878 shares of the company's stock after acquiring an additional 4,400 shares during the quarter. Dodge & Cox owned 0.35% of Flutter Entertainment worth $162,534,000 at the end of the most recent reporting period.
Other large investors have also modified their holdings of the company. XTX Topco Ltd grew its position in Flutter Entertainment by 13.2% during the 4th quarter. XTX Topco Ltd now owns 1,787 shares of the company's stock worth $462,000 after purchasing an additional 209 shares during the last quarter. Oak Associates Ltd. OH purchased a new stake in shares of Flutter Entertainment during the fourth quarter valued at $3,197,000. Bessemer Group Inc. raised its stake in Flutter Entertainment by 17.0% in the 4th quarter. Bessemer Group Inc. now owns 394,819 shares of the company's stock worth $102,042,000 after acquiring an additional 57,317 shares during the last quarter. Raymond James Financial Inc. acquired a new stake in Flutter Entertainment during the 4th quarter worth about $8,006,000. Finally, Azimuth Capital Investment Management LLC lifted its position in Flutter Entertainment by 17.3% during the 4th quarter. Azimuth Capital Investment Management LLC now owns 1,363 shares of the company's stock worth $352,000 after acquiring an additional 201 shares during the period.
Insider Buying and Selling
In related news, CEO Amy Howe sold 11,814 shares of Flutter Entertainment 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 completion of 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 ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Jeremy Peter Jackson sold 25,027 shares of the company'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 sale, the director now owns 21,148 shares in the company, valued at approximately $5,539,930.08. This trade represents a 54.20 % decrease in their position. The disclosure for this sale can be found here.
Flutter Entertainment Trading Up 0.1 %
NYSE FLUT traded up $0.24 on Friday, reaching $227.42. The stock had a trading volume of 1,658,665 shares, compared to its average volume of 1,762,231. Flutter Entertainment plc has a 12-month low of $174.03 and a 12-month high of $299.73. The stock has a fifty day moving average price of $246.72 and a two-hundred day moving average price of $252.86. The firm has a market capitalization of $40.36 billion and a price-to-earnings ratio of 1,033.70. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 0.66.
Analysts Set New Price Targets
Several brokerages have recently issued reports on FLUT. Citigroup restated an "outperform" rating on shares of Flutter Entertainment in a research note on Wednesday, March 5th. Barclays increased their price objective on shares of Flutter Entertainment from $301.00 to $308.00 and gave the stock an "overweight" rating in a research note on Wednesday, March 5th. Macquarie reissued an "outperform" rating and issued a $340.00 price target on shares of Flutter Entertainment in a research note on Wednesday, March 5th. Needham & Company LLC boosted their target price on shares of Flutter Entertainment from $300.00 to $310.00 and gave the stock a "buy" rating in a research note on Wednesday, March 5th. Finally, Susquehanna reduced 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. Twenty analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Buy" and an average target price of $312.06.
Read Our Latest Report on Flutter Entertainment
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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