Envestnet Asset Management Inc. raised its holdings in Flutter Entertainment plc (NYSE:FLUT - Free Report) by 181.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 68,023 shares of the company's stock after acquiring an additional 43,829 shares during the period. Envestnet Asset Management Inc.'s holdings in Flutter Entertainment were worth $17,581,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors also recently made changes to their positions in FLUT. UMB Bank n.a. boosted its position in Flutter Entertainment by 58.8% during the 4th quarter. UMB Bank n.a. now owns 135 shares of the company's stock worth $35,000 after buying an additional 50 shares during the period. Harbor Investment Advisory LLC increased its stake in shares of Flutter Entertainment by 64.1% in the fourth quarter. Harbor Investment Advisory LLC now owns 128 shares of the company's stock valued at $33,000 after buying an additional 50 shares during the period. Seelaus Asset Management LLC raised its position in shares of Flutter Entertainment by 6.4% during the fourth quarter. Seelaus Asset Management LLC now owns 914 shares of the company's stock worth $236,000 after acquiring an additional 55 shares during the last quarter. Ritholtz Wealth Management lifted its stake in shares of Flutter Entertainment by 3.5% in the fourth quarter. Ritholtz Wealth Management now owns 1,725 shares of the company's stock worth $446,000 after acquiring an additional 59 shares during the period. Finally, Farther Finance Advisors LLC boosted its holdings in Flutter Entertainment by 585.7% in the fourth quarter. Farther Finance Advisors LLC now owns 96 shares of the company's stock valued at $25,000 after acquiring an additional 82 shares during the last quarter.
Analyst Ratings Changes
A number of research analysts have recently issued reports on the stock. Needham & Company LLC boosted their price target on shares of Flutter Entertainment from $300.00 to $310.00 and gave the stock a "buy" rating in a research report on Wednesday, March 5th. Benchmark increased their price target on Flutter Entertainment from $275.00 to $300.00 and gave the stock a "buy" rating in a report on Wednesday, March 5th. Citigroup reissued an "outperform" rating on shares of Flutter Entertainment in a research note on Wednesday, March 5th. Peel Hunt upgraded Flutter Entertainment from a "hold" rating to an "add" rating in a report on Monday, March 10th. Finally, Susquehanna cut their price target on Flutter Entertainment from $317.00 to $315.00 and set a "positive" rating on the stock in a 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 stock. Based on data from MarketBeat.com, Flutter Entertainment has a consensus rating of "Buy" and an average target price of $312.06.
View Our Latest Stock Analysis on FLUT
Insider Transactions at Flutter Entertainment
In related news, CEO Amy Howe sold 11,814 shares of the company'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 sale, the chief executive officer now directly owns 62,941 shares in the company, valued at approximately $16,396,130.50. This represents a 15.80 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 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 completion of the transaction, the director now owns 21,148 shares of the company's stock, valued at $5,539,930.08. This represents a 54.20 % decrease in their ownership of the stock. The disclosure for this sale can be found here.
Flutter Entertainment Stock Performance
Shares of NYSE FLUT traded up $0.24 during mid-day trading on Friday, reaching $227.42. 1,658,665 shares of the company's stock were exchanged, compared to its average volume of 1,762,231. Flutter Entertainment plc has a 52 week low of $174.03 and a 52 week high of $299.73. The firm has a 50-day moving average price of $246.72 and a two-hundred day moving average price of $252.86. 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 has a market capitalization of $40.36 billion and a price-to-earnings ratio of 1,033.70.
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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