Lansdowne Partners UK LLP decreased its position in shares of Flutter Entertainment plc (NYSE:FLUT - Free Report) by 43.2% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,401 shares of the company's stock after selling 2,583 shares during the quarter. Flutter Entertainment accounts for approximately 0.1% of Lansdowne Partners UK LLP's portfolio, making the stock its 19th largest holding. Lansdowne Partners UK LLP's holdings in Flutter Entertainment were worth $879,000 at the end of the most recent reporting period.
Other institutional investors have also recently made changes to their positions in the company. HighTower Advisors LLC raised its holdings in Flutter Entertainment by 25.3% in the 3rd quarter. HighTower Advisors LLC now owns 5,249 shares of the company's stock worth $1,245,000 after purchasing an additional 1,061 shares during the period. MML Investors Services LLC increased its position in shares of Flutter Entertainment by 10.9% in the third quarter. MML Investors Services LLC now owns 3,552 shares of the company's stock valued at $843,000 after buying an additional 350 shares in the last quarter. Public Employees Retirement System of Ohio acquired a new position in shares of Flutter Entertainment during the 3rd quarter worth approximately $9,653,000. M&T Bank Corp lifted its position in shares of Flutter Entertainment by 11.3% during the 3rd quarter. M&T Bank Corp now owns 1,995 shares of the company's stock valued at $469,000 after buying an additional 203 shares in the last quarter. Finally, Vestcor Inc acquired a new stake in Flutter Entertainment in the 3rd quarter valued at $815,000.
Wall Street Analyst Weigh In
Several equities analysts have issued reports on FLUT shares. Citizens Jmp decreased their price objective on shares of Flutter Entertainment from $328.00 to $317.00 and set an "outperform" rating on the stock in a report on Monday. Truist Financial initiated coverage on shares of Flutter Entertainment in a research note on Wednesday, February 26th. They issued a "buy" rating and a $330.00 price target on the stock. UBS Group boosted their price objective on Flutter Entertainment from $335.00 to $340.00 and gave the stock a "buy" rating in a research note on Thursday, March 6th. Wells Fargo & Company raised their target price on Flutter Entertainment from $285.00 to $300.00 and gave the company an "overweight" rating in a research report on Wednesday, March 5th. Finally, Needham & Company LLC boosted their price target on Flutter Entertainment from $300.00 to $310.00 and gave the stock a "buy" rating in a research report on Wednesday, March 5th. Twenty research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, Flutter Entertainment presently has a consensus rating of "Buy" and an average price target of $312.06.
Read Our Latest Research Report on FLUT
Flutter Entertainment Trading Down 1.5 %
Shares of FLUT stock traded down $3.39 during trading on Tuesday, hitting $229.20. 1,685,075 shares of the stock traded hands, compared to its average volume of 1,744,599. Flutter Entertainment plc has a 52-week low of $174.03 and a 52-week high of $299.73. The firm has a market capitalization of $40.68 billion and a P/E ratio of 1,041.80. The firm's fifty day moving average price is $249.21 and its 200-day moving average price is $253.16. The company has a debt-to-equity ratio of 0.66, a current ratio of 0.89 and a quick ratio of 0.89.
Insider Buying and Selling
In other Flutter Entertainment news, CEO Amy Howe sold 11,814 shares of the stock in a transaction dated 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 completion of the transaction, the chief executive officer now owns 62,941 shares of the company's stock, valued at $16,396,130.50. This trade represents a 15.80 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Jeremy Peter Jackson sold 25,027 shares of Flutter Entertainment stock in a transaction dated 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 owns 21,148 shares of the company's stock, valued at approximately $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 Company 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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