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1,300 Shares in Flutter Entertainment plc (NYSE:FLUT) Bought by AdvisorShares Investments LLC

Flutter Entertainment logo with Consumer Discretionary background

AdvisorShares Investments LLC purchased a new stake in shares of Flutter Entertainment plc (NYSE:FLUT - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 1,300 shares of the company's stock, valued at approximately $336,000.

A number of other institutional investors have also bought and sold shares of FLUT. Virtu Financial LLC boosted its position in shares of Flutter Entertainment by 56.2% during the 3rd quarter. Virtu Financial LLC now owns 7,371 shares of the company's stock worth $1,749,000 after purchasing an additional 2,652 shares in the last quarter. Lord Abbett & CO. LLC acquired a new position in shares of Flutter Entertainment during the third quarter valued at about $24,464,000. Harbour Capital Advisors LLC bought a new stake in shares of Flutter Entertainment during the fourth quarter worth about $505,000. Benson Investment Management Company Inc. acquired a new stake in shares of Flutter Entertainment in the 4th quarter worth about $5,116,000. Finally, SeaCrest Wealth Management LLC bought a new position in Flutter Entertainment in the 4th quarter valued at about $390,000.

Analyst Ratings Changes

FLUT has been the subject of several analyst reports. JMP Securities lowered their price objective on Flutter Entertainment from $328.00 to $317.00 and set a "market outperform" rating for the company in a research note on Monday, April 14th. Peel Hunt raised shares of Flutter Entertainment from a "hold" rating to an "add" rating in a research report on Monday, March 10th. Benchmark reissued a "buy" rating and set a $300.00 target price on shares of Flutter Entertainment in a research report on Monday, April 21st. Citigroup reaffirmed an "outperform" rating on shares of Flutter Entertainment in a report on Wednesday, March 5th. Finally, BTIG Research decreased their target price on Flutter Entertainment from $323.00 to $289.00 and set a "buy" rating for the company in a research report on Tuesday, April 22nd. Twenty equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock has an average rating of "Buy" and a consensus target price of $306.67.

Get Our Latest Stock Analysis on FLUT

Flutter Entertainment Stock Up 1.4 %

FLUT opened at $238.61 on Wednesday. The company has a debt-to-equity ratio of 0.66, a current ratio of 0.89 and a quick ratio of 0.89. Flutter Entertainment plc has a one year low of $174.03 and a one year high of $299.73. The firm has a market capitalization of $42.35 billion and a P/E ratio of 1,084.59. The company has a fifty day moving average price of $238.42 and a 200-day moving average price of $252.84.

Insider Buying and Selling

In other news, Director Jeremy Peter Jackson sold 25,027 shares of the stock in a transaction 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 transaction, 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Amy Howe sold 11,814 shares of Flutter Entertainment stock in a transaction 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 $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 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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Institutional Ownership by Quarter for Flutter Entertainment (NYSE:FLUT)

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

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