Mitsubishi UFJ Asset Management Co. Ltd. lifted its holdings in shares of Flutter Entertainment plc (NYSE:FLUT - Free Report) by 8.7% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 127,301 shares of the company's stock after buying an additional 10,232 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. owned about 0.07% of Flutter Entertainment worth $32,686,000 at the end of the most recent reporting period.
Several other hedge funds have also modified their holdings of the business. Harbor Investment Advisory LLC lifted its holdings in Flutter Entertainment by 64.1% in the fourth quarter. Harbor Investment Advisory LLC now owns 128 shares of the company's stock valued at $33,000 after acquiring an additional 50 shares during the period. UMB Bank n.a. boosted its holdings in Flutter Entertainment by 58.8% during the fourth quarter. UMB Bank n.a. now owns 135 shares of the company's stock worth $35,000 after buying an additional 50 shares in the last quarter. Seelaus Asset Management LLC grew its position in Flutter Entertainment by 6.4% during the fourth quarter. Seelaus Asset Management LLC now owns 914 shares of the company's stock worth $236,000 after buying an additional 55 shares during the period. Ritholtz Wealth Management increased its stake in Flutter Entertainment by 3.5% in the 4th quarter. Ritholtz Wealth Management now owns 1,725 shares of the company's stock valued at $446,000 after purchasing an additional 59 shares in the last quarter. Finally, Farther Finance Advisors LLC increased its position in shares of Flutter Entertainment by 585.7% in the fourth quarter. Farther Finance Advisors LLC now owns 96 shares of the company's stock valued at $25,000 after buying an additional 82 shares in the last quarter.
Flutter Entertainment Stock Down 6.2 %
NYSE:FLUT traded down $14.23 on Thursday, reaching $215.22. The stock had a trading volume of 1,062,398 shares, compared to its average volume of 2,036,317. The company has a 50-day moving average of $258.66 and a 200 day moving average of $254.00. The company has a current ratio of 0.89, a quick ratio of 0.89 and a debt-to-equity ratio of 0.66. The stock has a market cap of $38.20 billion and a P/E ratio of 978.27. Flutter Entertainment plc has a 12-month low of $174.03 and a 12-month high of $299.73.
Analyst Ratings Changes
A number of equities research analysts recently commented on FLUT shares. Wells Fargo & Company increased their price objective on shares of Flutter Entertainment from $285.00 to $300.00 and gave the company an "overweight" rating in a research note on Wednesday, March 5th. Truist Financial assumed coverage on shares of Flutter Entertainment in a research note on Wednesday, February 26th. They set a "buy" rating and a $330.00 price objective for the company. UBS Group lifted their price objective on Flutter Entertainment from $335.00 to $340.00 and gave the stock a "buy" rating in a research report on Thursday, March 6th. Peel Hunt raised Flutter Entertainment from a "hold" rating to an "add" rating in a report on Monday, March 10th. Finally, BTIG Research set a $323.00 price objective on Flutter Entertainment in a research note on Monday, February 3rd. Nineteen equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Buy" and an average target price of $311.41.
Check Out Our Latest Report on Flutter Entertainment
Insider Activity at Flutter Entertainment
In related news, Director Jeremy Peter Jackson sold 25,027 shares of Flutter Entertainment stock in a transaction dated Thursday, March 6th. The stock was sold at an average price of $261.96, for a total value of $6,556,072.92. Following the completion of the transaction, the director now directly owns 21,148 shares in the company, valued at approximately $5,539,930.08. This trade represents a 54.20 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Amy Howe sold 11,814 shares of the 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 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 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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