Proficio Capital Partners LLC Grows Position in Flutter Entertainment plc (NYSE:FLUT)

Proficio Capital Partners LLC grew its position in Flutter Entertainment plc (NYSE:FLUT - Free Report) by 13.0% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 9,992 shares of the company's stock after buying an additional 1,152 shares during the period. Proficio Capital Partners LLC's holdings in Flutter Entertainment were worth $2,582,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Atria Investments Inc purchased a new position in shares of Flutter Entertainment in the 4th quarter valued at approximately $204,000. Assetmark Inc. raised its position in shares of Flutter Entertainment by 8.3% in the 4th quarter. Assetmark Inc. now owns 14,813 shares of the company's stock valued at $3,828,000 after purchasing an additional 1,136 shares during the last quarter. Charles Schwab Investment Management Inc. raised its position in shares of Flutter Entertainment by 6.2% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 661,301 shares of the company's stock valued at $170,913,000 after purchasing an additional 38,800 shares during the last quarter. Steward Partners Investment Advisory LLC raised its position in shares of Flutter Entertainment by 895.5% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 438 shares of the company's stock valued at $113,000 after purchasing an additional 394 shares during the last quarter. Finally, DJE Kapital AG purchased a new position in shares of Flutter Entertainment in the 4th quarter valued at approximately $442,000.

Insider Activity

In related news, CEO Amy Howe sold 11,814 shares of Flutter Entertainment stock in a transaction on Thursday, March 6th. The shares were sold at an average price of $260.50, for a total value of $3,077,547.00. Following the sale, 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Jeremy Peter Jackson sold 25,027 shares of Flutter Entertainment 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 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 position. The disclosure for this sale can be found here.

Remove Ads

Analysts Set New Price Targets

FLUT has been the subject of several research analyst reports. JMP Securities increased their price objective on shares of Flutter Entertainment from $299.00 to $311.00 and gave the company a "market outperform" rating in a research report on Monday, January 6th. 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 report on Thursday, March 6th. Needham & Company LLC increased their price objective on shares of Flutter Entertainment from $300.00 to $310.00 and gave the company a "buy" rating in a research report on Wednesday, March 5th. Peel Hunt raised shares of Flutter Entertainment from a "hold" rating to an "add" rating in a research report on Monday, March 10th. Finally, Wells Fargo & Company raised their price target on shares of Flutter Entertainment from $285.00 to $300.00 and gave the stock an "overweight" rating in a research report on Wednesday, March 5th. Nineteen analysts have rated the stock with a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Buy" and a consensus target price of $311.41.

Flutter Entertainment Stock Performance

Shares of NYSE:FLUT traded up $0.35 during trading on Friday, hitting $241.20. 5,441,403 shares of the stock traded hands, compared to its average volume of 1,462,851. 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 company has a market cap of $42.81 billion and a price-to-earnings ratio of 1,096.37. The company has a fifty day moving average price of $263.22 and a two-hundred day moving average price of $252.85. Flutter Entertainment plc has a 52-week low of $174.03 and a 52-week high of $299.73.

Flutter Entertainment Company 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.