Pictet Asset Management Holding SA Acquires 1,667 Shares of Flutter Entertainment plc (NYSE:FLUT)

Pictet Asset Management Holding SA boosted its position in Flutter Entertainment plc (NYSE:FLUT - Free Report) by 3.0% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 57,321 shares of the company's stock after acquiring an additional 1,667 shares during the period. Pictet Asset Management Holding SA's holdings in Flutter Entertainment were worth $14,815,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the business. Farther Finance Advisors LLC boosted its holdings 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 worth $25,000 after acquiring an additional 82 shares during the period. Harvest Fund Management Co. Ltd bought a new position in Flutter Entertainment in the 4th quarter worth about $25,000. Raleigh Capital Management Inc. purchased a new position in Flutter Entertainment during the 4th quarter valued at about $26,000. BOCHK Asset Management Ltd purchased a new position in Flutter Entertainment during the 4th quarter valued at about $26,000. Finally, IFP Advisors Inc increased its position in shares of Flutter Entertainment by 244.1% during the fourth quarter. IFP Advisors Inc now owns 117 shares of the company's stock valued at $31,000 after buying an additional 83 shares during the period.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on FLUT shares. Benchmark increased their price objective on Flutter Entertainment from $275.00 to $300.00 and gave the stock a "buy" rating in a research report on Wednesday, March 5th. Stifel Nicolaus assumed coverage on Flutter Entertainment in a report on Friday, January 17th. They issued a "buy" rating and a $320.00 price target on the stock. JMP Securities boosted their price objective on Flutter Entertainment from $299.00 to $311.00 and gave the stock a "market outperform" rating in a report on Monday, January 6th. Wells Fargo & Company lifted their target price on shares of Flutter Entertainment from $285.00 to $300.00 and gave the company an "overweight" rating in a research report on Wednesday, March 5th. Finally, Macquarie reissued an "outperform" rating and issued 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 assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Buy" and an average target price of $311.41.

Remove Ads

Insider Activity at Flutter Entertainment

In related 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 transaction of $3,077,547.00. Following the transaction, the chief executive officer now owns 62,941 shares in the company, valued at $16,396,130.50. The trade was a 15.80 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Jeremy Peter Jackson sold 25,027 shares of the stock in a transaction dated 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 transaction, the director now directly 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 disclosure for this sale can be found here.

Flutter Entertainment Trading Down 5.3 %

NYSE FLUT traded down $12.26 on Thursday, hitting $217.19. The company's stock had a trading volume of 2,788,092 shares, compared to its average volume of 1,656,193. The firm has a market cap of $38.54 billion and a P/E ratio of 987.22. Flutter Entertainment plc has a 52-week low of $174.03 and a 52-week high of $299.73. The company's 50-day simple moving average is $258.66 and its 200 day simple moving average is $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.

About Flutter Entertainment

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.