Legal & General Group Plc trimmed its holdings in Flutter Entertainment plc (NYSE:FLUT - Free Report) by 11.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 736,609 shares of the company's stock after selling 99,686 shares during the period. Legal & General Group Plc owned about 0.41% of Flutter Entertainment worth $190,543,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds have also recently made changes to their positions in the business. Vanguard Group Inc. boosted its stake in Flutter Entertainment by 3.2% in the 4th quarter. Vanguard Group Inc. now owns 9,591,786 shares of the company's stock worth $2,479,812,000 after purchasing an additional 299,300 shares during the period. Norges Bank purchased a new position in shares of Flutter Entertainment in the fourth quarter worth $946,681,000. FMR LLC boosted its position in shares of Flutter Entertainment by 0.8% during the fourth quarter. FMR LLC now owns 3,401,092 shares of the company's stock worth $881,349,000 after acquiring an additional 25,422 shares during the last quarter. Wellington Management Group LLP boosted its position in shares of Flutter Entertainment by 14.4% during the fourth quarter. Wellington Management Group LLP now owns 2,652,843 shares of the company's stock worth $688,081,000 after acquiring an additional 333,294 shares during the last quarter. Finally, Cantillon Capital Management LLC grew its stake in Flutter Entertainment by 0.5% during the fourth quarter. Cantillon Capital Management LLC now owns 2,410,178 shares of the company's stock valued at $622,911,000 after acquiring an additional 12,794 shares in the last quarter.
Flutter Entertainment Trading Down 0.7 %
FLUT stock traded down $1.64 during mid-day trading on Tuesday, reaching $230.94. The company had a trading volume of 590,683 shares, compared to its average volume of 1,734,089. The company has a market capitalization of $40.99 billion and a PE ratio of 1,049.73. The firm has a 50 day moving average of $249.94 and a 200 day moving average of $253.33. Flutter Entertainment plc has a 12 month low of $174.03 and a 12 month high of $299.73. The company has a debt-to-equity ratio of 0.66, a current ratio of 0.89 and a quick ratio of 0.89.
Wall Street Analyst Weigh In
FLUT has been the subject of several research reports. Barclays increased their price objective on shares of Flutter Entertainment from $301.00 to $308.00 and gave the company an "overweight" rating in a report on Wednesday, March 5th. BTIG Research set a $323.00 price target on Flutter Entertainment in a research note on Monday, February 3rd. Susquehanna lowered their target price on Flutter Entertainment from $317.00 to $315.00 and set a "positive" rating for the company in a research report on Wednesday, March 5th. Macquarie restated an "outperform" rating and issued a $340.00 price target on shares of Flutter Entertainment in a research report on Wednesday, March 5th. Finally, Stifel Nicolaus started coverage on shares of Flutter Entertainment in a research report on Friday, January 17th. They set a "buy" rating and a $320.00 price objective for the company. Twenty investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, Flutter Entertainment presently has an average rating of "Buy" and a consensus price target of $312.06.
View Our Latest Analysis on Flutter Entertainment
Insider Buying and Selling
In other news, CEO Amy Howe sold 11,814 shares of the business's stock in a transaction dated Thursday, March 6th. The shares were sold at an average price of $260.50, for a total value of $3,077,547.00. Following the completion of the sale, the chief executive officer now owns 62,941 shares in the company, valued at approximately $16,396,130.50. The trade was a 15.80 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Jeremy Peter Jackson sold 25,027 shares of the company's stock in a transaction that occurred on Thursday, March 6th. The stock was sold at an average price of $261.96, for a total transaction of $6,556,072.92. Following the completion of the sale, 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 position. The disclosure for this sale can be found here.
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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