Renaissance Technologies LLC grew its stake in shares of Flutter Entertainment plc (NYSE:FLUT - Free Report) by 1.2% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 163,750 shares of the company's stock after acquiring an additional 2,000 shares during the quarter. Renaissance Technologies LLC owned about 0.09% of Flutter Entertainment worth $42,321,000 as of its most recent SEC filing.
Several other large investors have also recently modified their holdings of FLUT. HighTower Advisors LLC grew its position in shares of Flutter Entertainment by 25.3% during the 3rd quarter. HighTower Advisors LLC now owns 5,249 shares of the company's stock valued at $1,245,000 after acquiring an additional 1,061 shares during the period. State Street Corp grew its holdings in Flutter Entertainment by 61,014.6% during the 3rd quarter. State Street Corp now owns 1,011,447 shares of the company's stock valued at $239,996,000 after buying an additional 1,009,792 shares in the last quarter. MML Investors Services LLC lifted its position in Flutter Entertainment by 10.9% during the third quarter. MML Investors Services LLC now owns 3,552 shares of the company's stock valued at $843,000 after purchasing an additional 350 shares during the last quarter. Nomura Asset Management Co. Ltd. bought a new stake in Flutter Entertainment during the third quarter worth approximately $11,817,000. Finally, Public Employees Retirement System of Ohio purchased a new stake in shares of Flutter Entertainment in the third quarter valued at $9,653,000.
Insiders Place Their Bets
In other Flutter Entertainment news, Director Jeremy Peter Jackson sold 25,027 shares of the company's stock in a transaction dated 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 of the company's stock, valued at approximately $5,539,930.08. This represents a 54.20 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Amy Howe sold 11,814 shares of the business's stock in a transaction that occurred on 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 sale, the chief executive officer now owns 62,941 shares in the company, valued at $16,396,130.50. This represents a 15.80 % decrease in their position. The disclosure for this sale can be found here.
Analysts Set New Price Targets
Several analysts recently weighed in on the company. UBS Group lifted their price objective on Flutter Entertainment from $335.00 to $340.00 and gave the company a "buy" rating in a report on Thursday, March 6th. JMP Securities dropped their price objective on shares of Flutter Entertainment from $328.00 to $317.00 and set a "market outperform" rating on the stock in a report on Monday. Macquarie reaffirmed an "outperform" rating and issued a $340.00 price objective on shares of Flutter Entertainment in a report on Wednesday, March 5th. Barclays increased their price target on shares of Flutter Entertainment from $301.00 to $308.00 and gave the stock an "overweight" rating in a report on Wednesday, March 5th. Finally, BTIG Research set a $323.00 target price on Flutter Entertainment in a research report on Monday, February 3rd. Twenty analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Buy" and a consensus price target of $312.06.
Read Our Latest Stock Analysis on FLUT
Flutter Entertainment Stock Down 1.2 %
Shares of FLUT stock traded down $2.69 during mid-day trading on Wednesday, reaching $227.21. 679,977 shares of the company were exchanged, compared to its average volume of 1,740,534. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.89 and a current ratio of 0.89. Flutter Entertainment plc has a fifty-two week low of $174.03 and a fifty-two week high of $299.73. The business's 50 day simple moving average is $249.21 and its 200 day simple moving average is $253.16. The company has a market capitalization of $40.32 billion and a P/E ratio of 1,032.77.
Flutter Entertainment Company 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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