Envestnet Portfolio Solutions Inc. lifted its holdings in shares of Flutter Entertainment plc (NYSE:FLUT - Free Report) by 172.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,604 shares of the company's stock after buying an additional 1,648 shares during the period. Envestnet Portfolio Solutions Inc.'s holdings in Flutter Entertainment were worth $673,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Bank of Montreal Can boosted its stake in shares of Flutter Entertainment by 868.5% in the 3rd quarter. Bank of Montreal Can now owns 3,367,022 shares of the company's stock valued at $798,927,000 after purchasing an additional 3,019,376 shares during the last quarter. Geode Capital Management LLC bought a new position in Flutter Entertainment during the 3rd quarter worth $436,599,000. State Street Corp boosted its position in shares of Flutter Entertainment by 61,014.6% during the 3rd quarter. State Street Corp now owns 1,011,447 shares of the company's stock valued at $239,996,000 after purchasing an additional 1,009,792 shares in the last quarter. Jennison Associates LLC acquired a new stake in Flutter Entertainment in the 4th quarter valued at $239,306,000. Finally, Charles Schwab Investment Management Inc. lifted its position in shares of Flutter Entertainment by 11,727.9% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 622,501 shares of the company's stock worth $147,707,000 after buying an additional 617,238 shares in the last quarter.
Insider Transactions at Flutter Entertainment
In other news, CEO Amy Howe sold 11,814 shares of the business's stock in a transaction 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 of the company's stock, valued at $16,396,130.50. The trade was a 15.80 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Jeremy Peter Jackson sold 25,027 shares of the business's stock in a transaction that occurred on Thursday, March 6th. The shares were 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 $5,539,930.08. This trade represents a 54.20 % decrease in their ownership of the stock. The disclosure for this sale can be found here.
Analysts Set New Price Targets
Several analysts have recently weighed in on the stock. Citigroup restated an "outperform" rating on shares of Flutter Entertainment in a research report on Wednesday, March 5th. Susquehanna lowered their target price on Flutter Entertainment from $317.00 to $315.00 and set a "positive" rating on the stock in a research report on Wednesday, March 5th. UBS Group boosted their price target on shares of Flutter Entertainment from $335.00 to $340.00 and gave the stock a "buy" rating in a research report on Thursday, March 6th. Needham & Company LLC lifted their target price on Flutter Entertainment from $300.00 to $310.00 and gave the stock a "buy" rating in a research report on Wednesday, March 5th. Finally, Truist Financial started coverage on shares of Flutter Entertainment in a report on Wednesday, February 26th. They issued a "buy" rating and a $330.00 target price for the company. Nineteen investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Buy" and a consensus target price of $311.41.
Read Our Latest Stock Analysis on Flutter Entertainment
Flutter Entertainment Trading Down 2.2 %
Flutter Entertainment stock traded down $5.39 during mid-day trading on Tuesday, hitting $241.10. The company's stock had a trading volume of 2,948,742 shares, compared to its average volume of 1,471,835. The business has a 50 day moving average price of $263.02 and a 200-day moving average price of $253.65. The stock has a market cap of $42.79 billion and a price-to-earnings ratio of 1,095.91. The company has a debt-to-equity ratio of 0.66, a current ratio of 0.89 and a quick ratio of 0.89. Flutter Entertainment plc has a 12 month low of $174.03 and a 12 month high of $299.73.
Flutter Entertainment 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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