Picton Mahoney Asset Management boosted its stake in shares of Flutter Entertainment plc (NYSE:FLUT - Free Report) by 35.7% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 37,581 shares of the company's stock after buying an additional 9,880 shares during the period. Picton Mahoney Asset Management's holdings in Flutter Entertainment were worth $9,712,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Wellington Shields & Co. LLC raised its holdings in Flutter Entertainment by 9.6% during the 4th quarter. Wellington Shields & Co. LLC now owns 2,147 shares of the company's stock worth $555,000 after buying an additional 188 shares during the period. Commonwealth Equity Services LLC lifted its holdings in Flutter Entertainment by 36.3% in the 4th quarter. Commonwealth Equity Services LLC now owns 1,776 shares of the company's stock worth $459,000 after purchasing an additional 473 shares during the last quarter. Egerton Capital UK LLP lifted its holdings in Flutter Entertainment by 3.4% in the 4th quarter. Egerton Capital UK LLP now owns 1,877,383 shares of the company's stock worth $485,210,000 after purchasing an additional 61,833 shares during the last quarter. Farther Finance Advisors LLC lifted its holdings in Flutter Entertainment by 585.7% in the 4th quarter. Farther Finance Advisors LLC now owns 96 shares of the company's stock worth $25,000 after purchasing an additional 82 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in Flutter Entertainment by 182.5% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 95,983 shares of the company's stock worth $24,907,000 after purchasing an additional 62,010 shares during the last quarter.
Flutter Entertainment Price Performance
NYSE:FLUT traded up $7.57 during trading hours on Wednesday, reaching $241.61. The company had a trading volume of 2,144,485 shares, compared to its average volume of 1,426,964. The stock has a 50-day moving average of $264.05 and a two-hundred day moving average of $252.81. Flutter Entertainment plc has a one year low of $174.03 and a one year high of $299.73. The firm has a market capitalization of $42.88 billion and a PE ratio of 1,098.24. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 0.66.
Analyst Ratings Changes
FLUT has been the subject of several analyst reports. Benchmark boosted their target price on Flutter Entertainment from $275.00 to $300.00 and gave the stock a "buy" rating in a report on Wednesday, March 5th. Macquarie restated an "outperform" rating and issued a $340.00 target price on shares of Flutter Entertainment in a report on Wednesday, March 5th. Barclays upped their price target on Flutter Entertainment from $301.00 to $308.00 and gave the stock an "overweight" rating in a report on Wednesday, March 5th. The Goldman Sachs Group initiated coverage on Flutter Entertainment in a report on Friday, November 22nd. They set a "buy" rating and a $320.00 price target for the company. Finally, Peel Hunt upgraded Flutter Entertainment from a "hold" rating to an "add" rating in a report on Monday, March 10th. Nineteen investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Flutter Entertainment currently has a consensus rating of "Buy" and a consensus target price of $311.41.
Read Our Latest Analysis on Flutter Entertainment
Insider Buying and Selling at Flutter Entertainment
In other news, CEO Amy Howe sold 11,814 shares of the stock in a transaction on 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 sale, the chief executive officer now owns 62,941 shares in the company, valued at approximately $16,396,130.50. This represents a 15.80 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Jeremy Peter Jackson sold 25,027 shares of the stock in a transaction on 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 sale, the director now owns 21,148 shares in the company, valued at $5,539,930.08. The trade was a 54.20 % 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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