Zurcher Kantonalbank Zurich Cantonalbank raised its stake in Flutter Entertainment plc (NYSE:FLUT - Free Report) by 182.5% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 95,983 shares of the company's stock after buying an additional 62,010 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank owned 0.05% of Flutter Entertainment worth $24,907,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Jennison Associates LLC bought a new stake in shares of Flutter Entertainment in the 4th quarter valued at approximately $239,306,000. Vestcor Inc bought a new stake in Flutter Entertainment in the third quarter worth approximately $815,000. DJE Kapital AG acquired a new position in shares of Flutter Entertainment during the 4th quarter worth $442,000. Benson Investment Management Company Inc. acquired a new position in shares of Flutter Entertainment during the 4th quarter worth $5,116,000. Finally, Sanctuary Advisors LLC bought a new position in shares of Flutter Entertainment during the 3rd quarter valued at $802,000.
Insider Activity
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 stock was 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 directly owns 62,941 shares of the company's stock, valued at approximately $16,396,130.50. The trade was a 15.80 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Jeremy Peter Jackson sold 25,027 shares of the company's stock in a transaction that occurred on 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 in the company, valued at approximately $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.
Analysts Set New Price Targets
Several research firms have commented on FLUT. Peel Hunt raised shares of Flutter Entertainment from a "hold" rating to an "add" rating in a research report on Monday. Stifel Nicolaus assumed coverage on Flutter Entertainment in a report on Friday, January 17th. They set a "buy" rating and a $320.00 price objective on the stock. Oppenheimer boosted their target price on Flutter Entertainment from $300.00 to $305.00 and gave the stock an "outperform" rating in a report on Wednesday, November 13th. Truist Financial assumed coverage on Flutter Entertainment in a report on Wednesday, February 26th. They set a "buy" rating and a $330.00 price target on the stock. Finally, JMP Securities boosted their price objective on shares of Flutter Entertainment from $299.00 to $311.00 and gave the stock a "market outperform" rating in a research note on Monday, January 6th. Twenty analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, Flutter Entertainment has a consensus rating of "Buy" and an average target price of $311.41.
Check Out Our Latest Analysis on Flutter Entertainment
Flutter Entertainment Trading Up 1.8 %
Flutter Entertainment stock opened at $231.63 on Wednesday. The business has a 50 day moving average price of $266.07 and a two-hundred day moving average price of $251.91. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 0.66. Flutter Entertainment plc has a 12 month low of $174.03 and a 12 month high of $299.73. The stock has a market cap of $41.11 billion and a price-to-earnings ratio of 1,052.85.
About Flutter Entertainment
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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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