Marshall Wace LLP lessened its position in shares of Flutter Entertainment plc (NYSE:FLUT - Free Report) by 38.4% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 2,460,841 shares of the company's stock after selling 1,535,998 shares during the period. Flutter Entertainment accounts for 0.8% of Marshall Wace LLP's holdings, making the stock its 11th biggest holding. Marshall Wace LLP owned about 1.39% of Flutter Entertainment worth $636,004,000 at the end of the most recent reporting period.
A number of other institutional investors have also bought and sold shares of the company. Vanguard Group Inc. boosted its position in Flutter Entertainment by 3.2% in the fourth 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 last quarter. Norges Bank bought a new stake in Flutter Entertainment in the fourth quarter worth about $946,681,000. FMR LLC boosted its stake in Flutter Entertainment by 0.8% in the fourth quarter. FMR LLC now owns 3,401,092 shares of the company's stock valued at $881,349,000 after acquiring an additional 25,422 shares during the last quarter. Wellington Management Group LLP increased its stake in shares of Flutter Entertainment by 14.4% during the 4th quarter. Wellington Management Group LLP now owns 2,652,843 shares of the company's stock worth $688,081,000 after purchasing an additional 333,294 shares during the last quarter. Finally, Cantillon Capital Management LLC increased its position in Flutter Entertainment by 0.5% in the fourth quarter. Cantillon Capital Management LLC now owns 2,410,178 shares of the company's stock worth $622,911,000 after buying an additional 12,794 shares during the last quarter.
Insider Buying and Selling
In other news, CEO Amy Howe sold 11,814 shares of Flutter Entertainment stock in a transaction that occurred on Thursday, March 6th. The stock was sold at an average price of $260.50, for a total value 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 trade represents a 15.80 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 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 transaction, the director now directly owns 21,148 shares in the company, 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.
Flutter Entertainment Trading Up 0.1 %
Shares of FLUT stock traded up $0.24 on Friday, hitting $227.42. 1,658,665 shares of the company's stock traded hands, compared to its average volume of 1,762,231. The stock has a market capitalization of $40.36 billion and a price-to-earnings ratio of 1,033.70. The company's fifty day simple moving average is $246.72 and its 200 day simple moving average is $252.86. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.89 and a current ratio of 0.89. Flutter Entertainment plc has a one year low of $174.03 and a one year high of $299.73.
Wall Street Analysts Forecast Growth
Several research firms have recently weighed in on FLUT. Truist Financial assumed coverage on Flutter Entertainment in a research note on Wednesday, February 26th. They set a "buy" rating and a $330.00 price target for the company. Stifel Nicolaus assumed coverage on shares of Flutter Entertainment in a research note on Friday, January 17th. They issued a "buy" rating and a $320.00 price objective for the company. Peel Hunt upgraded Flutter Entertainment from a "hold" rating to an "add" rating in a research report on Monday, March 10th. Wells Fargo & Company boosted their price objective on Flutter Entertainment from $285.00 to $300.00 and gave the company an "overweight" rating in a research note on Wednesday, March 5th. Finally, JMP Securities decreased their price target on Flutter Entertainment from $328.00 to $317.00 and set a "market outperform" rating on the stock in a research report on Monday, April 14th. Twenty equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Buy" and a consensus target price of $312.06.
Check Out Our Latest Report on FLUT
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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