Sciencast Management LP bought a new position in shares of Flutter Entertainment plc (NYSE:FLUT - Free Report) during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor bought 8,435 shares of the company's stock, valued at approximately $2,180,000.
A number of other hedge funds also recently added to or reduced their stakes in the business. Farther Finance Advisors LLC raised its holdings in shares of Flutter Entertainment by 585.7% in the 4th quarter. Farther Finance Advisors LLC now owns 96 shares of the company's stock valued at $25,000 after purchasing an additional 82 shares in the last quarter. Harvest Fund Management Co. Ltd acquired a new stake in Flutter Entertainment during the fourth quarter worth approximately $25,000. Raleigh Capital Management Inc. purchased a new stake in shares of Flutter Entertainment during the 4th quarter worth approximately $26,000. BOCHK Asset Management Ltd acquired a new position in shares of Flutter Entertainment in the 4th quarter valued at $26,000. Finally, IFP Advisors Inc boosted its holdings in shares of Flutter Entertainment by 244.1% in the 4th quarter. IFP Advisors Inc now owns 117 shares of the company's stock valued at $31,000 after buying an additional 83 shares in the last quarter.
Flutter Entertainment Price Performance
Shares of FLUT stock traded down $5.39 during midday trading on Tuesday, reaching $241.10. 2,948,742 shares of the company traded hands, compared to its average volume of 1,478,326. The firm's 50 day simple moving average is $262.66 and its two-hundred day simple moving average is $253.85. The firm has a market cap of $42.79 billion and a PE ratio of 1,095.91. The company has a debt-to-equity ratio of 0.66, a current ratio of 0.89 and a quick ratio of 0.89. Flutter Entertainment plc has a 1-year low of $174.03 and a 1-year high of $299.73.
Analyst Ratings Changes
Several research firms have recently weighed in on FLUT. Susquehanna reduced their target price on Flutter Entertainment from $317.00 to $315.00 and set a "positive" rating for the company in a report on Wednesday, March 5th. Macquarie restated an "outperform" rating and issued a $340.00 price target on shares of Flutter Entertainment in a research report on Wednesday, March 5th. Benchmark increased their price objective on Flutter Entertainment from $275.00 to $300.00 and gave the stock a "buy" rating in a research report on Wednesday, March 5th. UBS Group boosted their target price on Flutter Entertainment from $335.00 to $340.00 and gave the company a "buy" rating in a report on Thursday, March 6th. Finally, BTIG Research set a $323.00 price target on Flutter Entertainment in a report on Monday, February 3rd. Nineteen analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Buy" and a consensus target price of $311.41.
View Our Latest Research Report on FLUT
Insider Buying and Selling
In other Flutter Entertainment news, CEO Amy Howe sold 11,814 shares of the firm's 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 directly owns 62,941 shares in the company, 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 SEC, which can be accessed through this link. Also, 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 in the company, valued at $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 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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