4,260 Shares in Flutter Entertainment plc (NYSE:FLUT) Acquired by Mirabella Financial Services LLP

Mirabella Financial Services LLP acquired a new position in shares of Flutter Entertainment plc (NYSE:FLUT - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 4,260 shares of the company's stock, valued at approximately $1,098,000.

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

Wall Street Analysts Forecast Growth

FLUT has been the topic of several research reports. Needham & Company LLC raised their price objective on shares of Flutter Entertainment from $300.00 to $310.00 and gave the stock a "buy" rating in a research report on Wednesday, March 5th. Stifel Nicolaus reduced their price target on shares of Flutter Entertainment from $320.00 to $315.00 and set a "buy" rating for the company in a research report on Tuesday. UBS Group increased their price objective on shares of Flutter Entertainment from $335.00 to $340.00 and gave the company a "buy" rating in a research note on Thursday, March 6th. Susquehanna dropped their price target 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. Finally, Peel Hunt raised shares of Flutter Entertainment from a "hold" rating to an "add" rating in a research report on Monday, March 10th. Twenty equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, Flutter Entertainment currently has an average rating of "Buy" and an average target price of $306.67.

Flutter Entertainment Stock Up 1.1 %

Flutter Entertainment stock traded up $2.57 during midday trading on Friday, hitting $232.86. 2,359,570 shares of the stock were exchanged, compared to its average volume of 1,791,654. Flutter Entertainment plc has a 1 year low of $174.03 and a 1 year high of $299.73. The firm has a market cap of $41.33 billion and a P/E ratio of 1,058.45. The company has a debt-to-equity ratio of 0.66, a current ratio of 0.89 and a quick ratio of 0.89. The company has a 50 day moving average price of $241.77 and a two-hundred day moving average price of $252.65.

Insider Buying and Selling at Flutter Entertainment

In other news, Director Jeremy Peter Jackson sold 25,027 shares of the business's 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 owns 21,148 shares of the company's stock, valued at approximately $5,539,930.08. The trade was a 54.20 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO Amy Howe sold 11,814 shares of the company'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 completion of the transaction, the chief executive officer now owns 62,941 shares of the company's stock, valued at approximately $16,396,130.50. This trade represents a 15.80 % decrease in their position. The disclosure for this sale can be found here.

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.