Quantbot Technologies LP acquired a new stake in shares of Flutter Entertainment plc (NYSE:FLUT - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 15,684 shares of the company's stock, valued at approximately $4,054,000.
A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Harvest Fund Management Co. Ltd bought a new position in shares of Flutter Entertainment in the 4th quarter worth $25,000. Farther Finance Advisors LLC raised its holdings in 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 buying an additional 82 shares during the last quarter. Raleigh Capital Management Inc. bought a new position in shares of Flutter Entertainment in the fourth quarter valued at $26,000. BOCHK Asset Management Ltd bought a new stake in shares of Flutter Entertainment during the fourth quarter worth 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 worth $31,000 after acquiring an additional 83 shares in the last quarter.
Wall Street Analysts Forecast Growth
FLUT has been the topic of several recent research reports. Susquehanna dropped their price target on shares of Flutter Entertainment from $317.00 to $315.00 and set a "positive" rating on the stock in a research report on Wednesday, March 5th. Stifel Nicolaus began coverage on Flutter Entertainment in a report on Friday, January 17th. They issued a "buy" rating and a $320.00 target price on the stock. Needham & Company LLC lifted their target price on Flutter Entertainment from $300.00 to $310.00 and gave the company a "buy" rating in a research report on Wednesday, March 5th. Citigroup reissued an "outperform" rating on shares of Flutter Entertainment in a research report on Wednesday, March 5th. Finally, JMP Securities lifted their price objective on shares of Flutter Entertainment from $299.00 to $311.00 and gave the stock a "market outperform" rating in a report on Monday, January 6th. Nineteen analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Buy" and a consensus price target of $311.41.
Get Our Latest Report on FLUT
Insiders Place Their Bets
In other Flutter Entertainment news, CEO Amy Howe sold 11,814 shares of the 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 in the company, valued at $16,396,130.50. This trade 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 available through this link. Also, Director Jeremy Peter Jackson sold 25,027 shares of the business's stock in a transaction that occurred 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 approximately $5,539,930.08. This trade represents a 54.20 % decrease in their position. The disclosure for this sale can be found here.
Flutter Entertainment Stock Performance
Shares of FLUT stock traded down $5.39 during trading hours on Tuesday, hitting $241.10. 2,948,742 shares of the company were exchanged, compared to its average volume of 1,478,326. Flutter Entertainment plc has a 52-week low of $174.03 and a 52-week high of $299.73. 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 firm has a fifty day simple moving average of $262.66 and a 200 day simple moving average of $253.85. The stock has a market capitalization of $42.79 billion and a price-to-earnings ratio of 1,095.91.
Flutter Entertainment Profile
(
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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