Epoch Investment Partners Inc. Sells 2,276 Shares of Flutter Entertainment plc (NYSE:FLUT)

Epoch Investment Partners Inc. decreased its holdings in shares of Flutter Entertainment plc (NYSE:FLUT - Free Report) by 24.9% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 6,873 shares of the company's stock after selling 2,276 shares during the period. Epoch Investment Partners Inc.'s holdings in Flutter Entertainment were worth $1,776,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of the stock. Jennison Associates LLC purchased a new stake in Flutter Entertainment in the 4th quarter worth $239,306,000. DJE Kapital AG purchased a new position in Flutter Entertainment in the fourth quarter valued at about $442,000. Sanctuary Advisors LLC acquired a new position in shares of Flutter Entertainment during the third quarter valued at about $802,000. Benson Investment Management Company Inc. acquired a new position in shares of Flutter Entertainment in the fourth quarter valued at about $5,116,000. Finally, Bank of New York Mellon Corp grew its holdings in Flutter Entertainment by 68.3% during the fourth quarter. Bank of New York Mellon Corp now owns 199,813 shares of the company's stock worth $51,642,000 after acquiring an additional 81,101 shares during the period.

Flutter Entertainment Stock Performance

Shares of FLUT traded up $2.57 during mid-day trading on Friday, hitting $232.86. The company's stock had a trading volume of 2,359,494 shares, compared to its average volume of 1,791,653. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.89 and a current ratio of 0.89. The stock's 50-day moving average is $241.77 and its two-hundred day moving average is $252.65. Flutter Entertainment plc has a one year low of $174.03 and a one year high of $299.73. The firm has a market capitalization of $41.33 billion and a PE ratio of 1,058.45.

Insider Buying and Selling

In other Flutter Entertainment news, Director Jeremy Peter Jackson sold 25,027 shares of Flutter Entertainment stock in a transaction 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 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 ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Amy Howe sold 11,814 shares of the firm's stock in a transaction dated Thursday, March 6th. The stock was 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 in the company, valued at approximately $16,396,130.50. This represents a 15.80 % decrease in their ownership of the stock. The disclosure for this sale can be found here.

Analyst Upgrades and Downgrades

FLUT has been the topic of several research reports. Benchmark restated a "buy" rating and issued a $300.00 target price on shares of Flutter Entertainment in a research report on Monday. Wells Fargo & Company raised their price objective on Flutter Entertainment from $285.00 to $300.00 and gave the stock an "overweight" rating in a research report on Wednesday, March 5th. BTIG Research dropped their target price on Flutter Entertainment from $323.00 to $289.00 and set a "buy" rating for the company in a research report on Tuesday. Susquehanna reduced their price target 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. Finally, UBS Group boosted their target price on shares of Flutter Entertainment from $335.00 to $340.00 and gave the stock a "buy" rating in a research note on Thursday, March 6th. Twenty equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Buy" and an average price target of $306.67.

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.