Vanguard Group Inc. lifted its holdings in Flutter Entertainment plc (NYSE:FLUT - Free Report) by 3.2% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 9,591,786 shares of the company's stock after purchasing an additional 299,300 shares during the period. Vanguard Group Inc. owned 5.40% of Flutter Entertainment worth $2,479,812,000 as of its most recent filing with the SEC.
Several other large investors have also made changes to their positions in FLUT. Harvest Fund Management Co. Ltd acquired a new position in shares of Flutter Entertainment during the fourth quarter valued at about $25,000. Farther Finance Advisors LLC raised its holdings in 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 acquiring an additional 82 shares in the last quarter. Raleigh Capital Management Inc. bought a new stake in shares of Flutter Entertainment in the 4th quarter worth approximately $26,000. BOCHK Asset Management Ltd acquired a new stake in shares of Flutter Entertainment during the 4th quarter worth approximately $26,000. Finally, IFP Advisors Inc increased its position in shares of Flutter Entertainment by 244.1% during the fourth quarter. IFP Advisors Inc now owns 117 shares of the company's stock valued at $31,000 after purchasing an additional 83 shares during the period.
Wall Street Analyst Weigh In
A number of research firms have weighed in on FLUT. Truist Financial initiated coverage on shares of Flutter Entertainment in a research note on Wednesday, February 26th. They set a "buy" rating and a $330.00 price target on the stock. Wells Fargo & Company increased their price target on shares of Flutter Entertainment from $285.00 to $300.00 and gave the stock an "overweight" rating in a research report on Wednesday, March 5th. Macquarie reaffirmed an "outperform" rating and set a $340.00 price objective on shares of Flutter Entertainment in a report on Wednesday, March 5th. Susquehanna dropped 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. Finally, Peel Hunt raised Flutter Entertainment from a "hold" rating to an "add" rating in a research note on Monday, March 10th. Nineteen analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Buy" and a consensus price target of $311.41.
Check Out Our Latest Analysis 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 that occurred on Thursday, March 6th. The shares were sold at an average price of $260.50, for a total value of $3,077,547.00. Following the transaction, the chief executive officer now directly owns 62,941 shares of the company's stock, valued at approximately $16,396,130.50. This trade represents a 15.80 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, 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 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 owns 21,148 shares in the company, valued at $5,539,930.08. This represents a 54.20 % decrease in their ownership of the stock. The disclosure for this sale can be found here.
Flutter Entertainment Price Performance
Shares of FLUT stock traded down $8.94 during trading hours on Friday, reaching $228.35. 3,312,328 shares of the company were exchanged, compared to its average volume of 1,609,239. Flutter Entertainment plc has a fifty-two week low of $174.03 and a fifty-two week high of $299.73. 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's fifty day moving average is $261.17 and its two-hundred day moving average is $254.15. The company has a market cap of $40.53 billion and a price-to-earnings ratio of 1,037.97.
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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