Trexquant Investment LP Has $4.48 Million Position in Flutter Entertainment plc (NYSE:FLUT)

Trexquant Investment LP lifted its stake in Flutter Entertainment plc (NYSE:FLUT - Free Report) by 39.5% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 17,320 shares of the company's stock after buying an additional 4,903 shares during the quarter. Trexquant Investment LP's holdings in Flutter Entertainment were worth $4,476,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in the company. Harvest Fund Management Co. Ltd acquired a new stake in shares of Flutter Entertainment in the fourth quarter worth approximately $25,000. Farther Finance Advisors LLC boosted its stake in Flutter Entertainment by 585.7% during the 4th quarter. Farther Finance Advisors LLC now owns 96 shares of the company's stock worth $25,000 after purchasing an additional 82 shares during the last quarter. Raleigh Capital Management Inc. purchased a new stake in shares of Flutter Entertainment during the fourth quarter worth $26,000. BOCHK Asset Management Ltd purchased a new position in shares of Flutter Entertainment in the fourth quarter worth about $26,000. Finally, IFP Advisors Inc boosted its position in Flutter Entertainment by 244.1% during 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 last quarter.

Analyst Ratings Changes

A number of analysts have issued reports on the company. Macquarie reaffirmed an "outperform" rating and issued a $340.00 target price on shares of Flutter Entertainment in a research note on Wednesday, March 5th. JMP Securities increased their target price on Flutter Entertainment from $299.00 to $311.00 and gave the stock a "market outperform" rating in a research note on Monday, January 6th. Susquehanna cut their price objective on Flutter Entertainment from $317.00 to $315.00 and set a "positive" rating on the stock in a research report on Wednesday, March 5th. Needham & Company LLC lifted their price target on shares of Flutter Entertainment from $300.00 to $310.00 and gave the stock a "buy" rating in a research note on Wednesday, March 5th. Finally, Stifel Nicolaus began coverage on Flutter Entertainment in a research note on Friday, January 17th. They set a "buy" rating and a $320.00 target price for the company. 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, Flutter Entertainment has an average rating of "Buy" and a consensus price target of $311.41.

Flutter Entertainment Stock Down 5.0 %

Shares of FLUT traded down $11.78 during midday trading on Thursday, reaching $224.90. 901,664 shares of the stock were exchanged, compared to its average volume of 1,713,359. The firm has a 50 day simple moving average of $251.95 and a 200-day simple moving average of $253.36. Flutter Entertainment plc has a 12-month low of $174.03 and a 12-month high of $299.73. The company has a market cap of $39.91 billion and a price-to-earnings ratio of 1,023.50. 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 news, CEO Amy Howe sold 11,814 shares of the business'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 transaction, the chief executive officer now 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 transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Jeremy Peter Jackson sold 25,027 shares of the firm's stock in a transaction that occurred 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 sale, the director now owns 21,148 shares of the company's stock, valued at $5,539,930.08. This represents a 54.20 % decrease in their position. The disclosure for this sale can be found here.

Flutter Entertainment Profile

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.