Sei Investments Co. lifted its stake in shares of Flutter Entertainment plc (NYSE:FLUT - Free Report) by 137.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 58,214 shares of the company's stock after purchasing an additional 33,663 shares during the quarter. Sei Investments Co.'s holdings in Flutter Entertainment were worth $15,046,000 at the end of the most recent reporting period.
Several other large investors also recently made changes to their positions in the company. American Century Companies Inc. bought a new position in Flutter Entertainment in the fourth quarter worth approximately $303,000. Quantbot Technologies LP acquired a new position in Flutter Entertainment during the fourth quarter worth $4,054,000. Sciencast Management LP bought a new position in shares of Flutter Entertainment in the fourth quarter valued at $2,180,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS acquired a new position in shares of Flutter Entertainment during the fourth quarter valued at about $8,359,000. Finally, Royal London Asset Management Ltd. increased its position in shares of Flutter Entertainment by 1.2% during the fourth quarter. Royal London Asset Management Ltd. now owns 140,765 shares of the company's stock worth $36,381,000 after acquiring an additional 1,655 shares in the last quarter.
Flutter Entertainment Stock Performance
Shares of NYSE FLUT traded up $6.71 during trading on Wednesday, reaching $229.53. 2,794,759 shares of the stock traded hands, compared to its average volume of 1,646,477. The company has a debt-to-equity ratio of 0.66, a current ratio of 0.89 and a quick ratio of 0.89. The stock has a market capitalization of $40.73 billion and a P/E ratio of 1,043.32. Flutter Entertainment plc has a 52-week low of $174.03 and a 52-week high of $299.73. The company has a 50-day moving average of $258.66 and a 200-day moving average of $254.00.
Wall Street Analysts Forecast Growth
Several equities analysts recently weighed in on FLUT shares. Wells Fargo & Company raised their price target on shares of Flutter Entertainment from $285.00 to $300.00 and gave the company an "overweight" rating in a research report on Wednesday, March 5th. Benchmark raised their target price on Flutter Entertainment from $275.00 to $300.00 and gave the company a "buy" rating in a report on Wednesday, March 5th. Susquehanna decreased their price target on Flutter Entertainment from $317.00 to $315.00 and set a "positive" rating for the company in a report on Wednesday, March 5th. Peel Hunt raised Flutter Entertainment from a "hold" rating to an "add" rating in a research report on Monday, March 10th. Finally, BTIG Research set a $323.00 price objective on shares of Flutter Entertainment in a report on Monday, February 3rd. Nineteen investment 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 stock currently has an average rating of "Buy" and an average price target of $311.41.
Get Our Latest Stock Report on FLUT
Insider Activity at Flutter Entertainment
In other Flutter Entertainment news, CEO Amy Howe sold 11,814 shares of the business's stock in a transaction 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 of the company's stock, valued at $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 available through this link. Also, Director Jeremy Peter Jackson sold 25,027 shares of the firm's stock in a transaction on Thursday, March 6th. The stock was sold at an average price of $261.96, for a total value of $6,556,072.92. Following the completion of the transaction, the director now directly owns 21,148 shares of the company's stock, valued at $5,539,930.08. The trade was a 54.20 % decrease in their ownership of the stock. 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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