Two Creeks Capital Management LP acquired a new stake in Flutter Entertainment plc (NYSE:FLUT - Free Report) in the 4th quarter, according to the company in its most recent filing with the SEC. The fund acquired 106,198 shares of the company's stock, valued at approximately $27,447,000. Flutter Entertainment comprises approximately 1.7% of Two Creeks Capital Management LP's investment portfolio, making the stock its 21st biggest holding. Two Creeks Capital Management LP owned approximately 0.06% of Flutter Entertainment as of its most recent SEC filing.
A number of other institutional investors and hedge funds also recently bought and sold shares of FLUT. Virtu Financial LLC grew its stake in shares of Flutter Entertainment by 56.2% during the third quarter. Virtu Financial LLC now owns 7,371 shares of the company's stock valued at $1,749,000 after purchasing an additional 2,652 shares during the last quarter. Sanctuary Advisors LLC acquired a new position in Flutter Entertainment during the 3rd quarter worth $802,000. Lord Abbett & CO. LLC bought a new position in Flutter Entertainment in the 3rd quarter valued at $24,464,000. Harbour Capital Advisors LLC acquired a new stake in shares of Flutter Entertainment in the 4th quarter valued at $505,000. Finally, Benson Investment Management Company Inc. bought a new stake in shares of Flutter Entertainment during the fourth quarter worth $5,116,000.
Wall Street Analyst Weigh In
A number of brokerages recently commented on FLUT. Macquarie reiterated an "outperform" rating and issued a $340.00 price objective on shares of Flutter Entertainment in a research report on Wednesday, March 5th. Citizens Jmp dropped their price target on shares of Flutter Entertainment from $328.00 to $317.00 and set an "outperform" rating for the company in a research note on Monday, April 14th. 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. Benchmark reiterated a "buy" rating and set a $300.00 target price on shares of Flutter Entertainment in a research report on Monday. Finally, Barclays reduced their price target on Flutter Entertainment from $308.00 to $300.00 and set an "overweight" rating on the stock in a research report on Tuesday. Twenty research 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, Flutter Entertainment currently has a consensus rating of "Buy" and an average price target of $309.44.
Get Our Latest Stock Report on FLUT
Insiders Place Their Bets
In other news, Director Jeremy Peter Jackson sold 25,027 shares of the business's stock in a transaction dated Thursday, March 6th. The shares were 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 approximately $5,539,930.08. The trade was a 54.20 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Amy Howe sold 11,814 shares of the firm's stock in a transaction that occurred on Thursday, March 6th. The stock was 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 directly owns 62,941 shares in the company, valued at $16,396,130.50. This represents a 15.80 % decrease in their ownership of the stock. The disclosure for this sale can be found here.
Flutter Entertainment Stock Up 2.5 %
FLUT stock opened at $227.08 on Wednesday. Flutter Entertainment plc has a 1-year low of $174.03 and a 1-year high of $299.73. The business's 50 day simple moving average is $244.49 and its 200 day simple moving average is $252.83. The company has a current ratio of 0.89, a quick ratio of 0.89 and a debt-to-equity ratio of 0.66. The firm has a market capitalization of $40.30 billion and a PE ratio of 1,032.20.
Flutter Entertainment Company 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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