Swiss National Bank lowered its stake in Flutter Entertainment plc (NYSE:FLUT - Free Report) by 4.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 502,382 shares of the company's stock after selling 25,300 shares during the period. Swiss National Bank owned 0.28% of Flutter Entertainment worth $129,841,000 at the end of the most recent reporting period.
Other large investors have also added to or reduced their stakes in the company. Farther Finance Advisors LLC raised its position 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 worth $25,000 after acquiring an additional 82 shares in the last quarter. Raleigh Capital Management Inc. purchased a new position in Flutter Entertainment during the fourth quarter valued at $26,000. BOCHK Asset Management Ltd bought a new stake in shares of Flutter Entertainment during the 4th quarter valued at $26,000. IFP Advisors Inc boosted its holdings in shares of Flutter Entertainment by 244.1% during 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. Finally, Harbor Investment Advisory LLC grew its position in shares of Flutter Entertainment by 64.1% in the 4th quarter. Harbor Investment Advisory LLC now owns 128 shares of the company's stock worth $33,000 after buying an additional 50 shares during the period.
Analyst Upgrades and Downgrades
Several research firms recently commented on FLUT. Wells Fargo & Company boosted their price objective on shares of Flutter Entertainment from $285.00 to $300.00 and gave the stock an "overweight" rating in a research note on Wednesday, March 5th. Citigroup restated an "outperform" rating on shares of Flutter Entertainment in a research note on Wednesday, March 5th. Barclays lifted their price objective on Flutter Entertainment from $301.00 to $308.00 and gave the company an "overweight" rating in a research note on Wednesday, March 5th. UBS Group raised their price target on Flutter Entertainment from $335.00 to $340.00 and gave the company a "buy" rating in a report on Thursday, March 6th. Finally, Macquarie reaffirmed an "outperform" rating and issued a $340.00 target price on shares of Flutter Entertainment in a report on Wednesday, March 5th. Nineteen investment 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 stock has a consensus rating of "Buy" and an average target price of $311.41.
View Our Latest Research Report on FLUT
Flutter Entertainment Stock Performance
Shares of NYSE FLUT traded down $5.32 during midday trading on Tuesday, hitting $234.10. 2,243,036 shares of the company's stock traded hands, compared to its average volume of 1,418,710. The firm has a fifty day moving average of $264.41 and a 200 day moving average of $252.66. Flutter Entertainment plc has a 1 year low of $174.03 and a 1 year high of $299.73. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.89 and a current ratio of 0.89. The stock has a market capitalization of $41.55 billion and a price-to-earnings ratio of 1,064.09.
Insider Buying and Selling at Flutter Entertainment
In other Flutter Entertainment news, CEO Amy Howe sold 11,814 shares of Flutter Entertainment 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 transaction, 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 ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Jeremy Peter Jackson sold 25,027 shares of the 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 directly owns 21,148 shares of the company's stock, valued at approximately $5,539,930.08. This trade represents a 54.20 % decrease in their ownership of the stock. The disclosure for this sale can be found here.
About Flutter Entertainment
(
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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