Royal London Asset Management Ltd. Acquires 1,655 Shares of Flutter Entertainment plc (NYSE:FLUT)

Royal London Asset Management Ltd. increased its position in Flutter Entertainment plc (NYSE:FLUT - Free Report) by 1.2% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 140,765 shares of the company's stock after purchasing an additional 1,655 shares during the period. Royal London Asset Management Ltd. owned approximately 0.08% of Flutter Entertainment worth $36,381,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Harvest Fund Management Co. Ltd purchased a new position in shares of Flutter Entertainment in the fourth quarter worth $25,000. Farther Finance Advisors LLC raised its position 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 buying an additional 82 shares during the last quarter. Raleigh Capital Management Inc. bought a new position in Flutter Entertainment during the 4th quarter valued at about $26,000. BOCHK Asset Management Ltd purchased a new stake in shares of Flutter Entertainment during the 4th quarter valued at about $26,000. Finally, IFP Advisors Inc grew its stake in shares of Flutter Entertainment by 244.1% in the fourth quarter. IFP Advisors Inc now owns 117 shares of the company's stock worth $31,000 after acquiring an additional 83 shares during the period.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the stock. 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. Barclays raised their price target on Flutter Entertainment from $301.00 to $308.00 and gave the stock an "overweight" rating in a research note on Wednesday, March 5th. BTIG Research set a $323.00 target price on Flutter Entertainment in a report on Monday, February 3rd. Benchmark boosted their price target on Flutter Entertainment from $275.00 to $300.00 and gave the company a "buy" rating in a research note on Wednesday, March 5th. Finally, Truist Financial began coverage on shares of Flutter Entertainment in a research note on Wednesday, February 26th. They issued a "buy" rating and a $330.00 price objective on the stock. Nineteen equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, Flutter Entertainment currently has a consensus rating of "Buy" and a consensus target price of $311.41.

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Flutter Entertainment Price Performance

NYSE:FLUT traded down $5.39 on Tuesday, reaching $241.10. 2,948,742 shares of the company's stock traded hands, compared to its average volume of 1,471,835. The stock has a 50-day simple moving average of $263.02 and a 200-day simple moving average of $253.65. Flutter Entertainment plc has a 12 month low of $174.03 and a 12 month high of $299.73. The firm has a market cap of $42.79 billion and a PE ratio of 1,095.91. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 0.66.

Insider Buying and Selling

In other Flutter Entertainment 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 directly owns 62,941 shares in the company, valued at approximately $16,396,130.50. The trade was a 15.80 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Jeremy Peter Jackson sold 25,027 shares of the business's stock in a transaction on 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 sale, the director now owns 21,148 shares in the company, valued at approximately $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

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.