Pertento Partners LLP grew its stake in Flutter Entertainment plc (NYSE:FLUT - Free Report) by 64.3% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 217,771 shares of the company's stock after buying an additional 85,207 shares during the period. Flutter Entertainment accounts for 4.8% of Pertento Partners LLP's investment portfolio, making the stock its 6th largest holding. Pertento Partners LLP owned about 0.12% of Flutter Entertainment worth $56,283,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds have also recently modified their holdings of the company. Harvest Fund Management Co. Ltd acquired a new position in Flutter Entertainment during the fourth quarter worth approximately $25,000. Farther Finance Advisors LLC grew its position in shares of Flutter Entertainment by 585.7% during the fourth quarter. Farther Finance Advisors LLC now owns 96 shares of the company's stock worth $25,000 after acquiring an additional 82 shares during the last quarter. Raleigh Capital Management Inc. acquired a new position in shares of Flutter Entertainment in the 4th quarter valued at $26,000. BOCHK Asset Management Ltd purchased a new stake in Flutter Entertainment in the 4th quarter valued at $26,000. Finally, IFP Advisors Inc boosted its stake in Flutter Entertainment by 244.1% during the 4th quarter. IFP Advisors Inc now owns 117 shares of the company's stock worth $31,000 after purchasing an additional 83 shares during the period.
Analyst Upgrades and Downgrades
A number of equities research analysts have recently commented on the stock. BTIG Research set a $323.00 target price on shares of Flutter Entertainment in a report on Monday, February 3rd. Wells Fargo & Company upped 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. Stifel Nicolaus assumed coverage on Flutter Entertainment in a research note on Friday, January 17th. They issued a "buy" rating and a $320.00 target price on the stock. Barclays boosted their target price on Flutter Entertainment from $301.00 to $308.00 and gave the company an "overweight" rating in a report on Wednesday, March 5th. Finally, Macquarie reaffirmed an "outperform" rating and set a $340.00 price target on shares of Flutter Entertainment in a report on Wednesday, March 5th. Nineteen analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Buy" and an average price target of $311.41.
Check Out Our Latest Stock Report on FLUT
Flutter Entertainment Trading Up 3.0 %
Shares of NYSE:FLUT traded up $6.62 during trading on Wednesday, reaching $229.44. The stock had a trading volume of 1,257,048 shares, compared to its average volume of 2,027,857. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 0.66. The stock has a market cap of $40.72 billion and a P/E ratio of 1,042.91. The business has a fifty day moving average price of $259.40 and a 200-day moving average price of $254.17. Flutter Entertainment plc has a fifty-two week low of $174.03 and a fifty-two week high of $299.73.
Insider Buying and Selling at Flutter Entertainment
In other news, CEO Amy Howe sold 11,814 shares of the company's 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 represents a 15.80 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Jeremy Peter Jackson sold 25,027 shares of the firm'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 in the company, valued at $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 Profile
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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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