Dynamic Technology Lab Private Ltd Acquires 2,133 Shares of Flutter Entertainment plc (NYSE:FLUT)

Dynamic Technology Lab Private Ltd increased its position in shares of Flutter Entertainment plc (NYSE:FLUT - Free Report) by 123.5% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,860 shares of the company's stock after purchasing an additional 2,133 shares during the period. Dynamic Technology Lab Private Ltd's holdings in Flutter Entertainment were worth $998,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Harvest Fund Management Co. Ltd bought a new position in Flutter Entertainment in the 4th quarter worth approximately $25,000. Farther Finance Advisors LLC boosted 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 worth $25,000 after acquiring an additional 82 shares during the last quarter. Raleigh Capital Management Inc. purchased a new position in Flutter Entertainment during the fourth quarter valued at $26,000. BOCHK Asset Management Ltd bought a new stake in Flutter Entertainment in the 4th quarter valued at $26,000. Finally, IFP Advisors Inc lifted its stake in Flutter Entertainment by 244.1% in the 4th quarter. IFP Advisors Inc now owns 117 shares of the company's stock worth $31,000 after purchasing an additional 83 shares in the last quarter.

Analysts Set New Price Targets

FLUT has been the subject of a number of research analyst reports. Peel Hunt upgraded Flutter Entertainment from a "hold" rating to an "add" rating in a research report on Monday, March 10th. JMP Securities raised their price target on Flutter Entertainment from $299.00 to $311.00 and gave the company a "market outperform" rating in a report on Monday, January 6th. Barclays upped their price objective on Flutter Entertainment from $301.00 to $308.00 and gave the stock 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 issued a "buy" rating and a $320.00 target price for the company. Finally, Benchmark upped their price target on shares of Flutter Entertainment from $275.00 to $300.00 and gave the company a "buy" rating in a research note on Wednesday, March 5th. Nineteen investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Buy" and an average target price of $311.41.

Flutter Entertainment Trading Down 1.3 %

FLUT traded down $2.99 during trading hours on Friday, reaching $226.66. 1,131,897 shares of the company's stock traded hands, compared to its average volume of 1,722,061. The firm has a 50-day moving average price of $251.27 and a 200 day moving average price of $253.37. The firm has a market capitalization of $40.23 billion and a PE ratio of 1,031.96. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 0.66. Flutter Entertainment plc has a 52-week low of $174.03 and a 52-week high of $299.73.

Insider Transactions at Flutter Entertainment

In other news, CEO Amy Howe sold 11,814 shares of the firm's stock in a transaction that occurred 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 transaction, the chief executive officer now directly owns 62,941 shares of the company's stock, valued at approximately $16,396,130.50. This trade represents a 15.80 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Jeremy Peter Jackson sold 25,027 shares of Flutter Entertainment stock in a transaction that occurred 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 $5,539,930.08. This represents a 54.20 % decrease in their position. The disclosure for this sale can be found here.

Flutter Entertainment Profile

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.