Axa S.A. Sells 3,630 Shares of Flutter Entertainment plc (NYSE:FLUT)

AXA S.A. cut its holdings in Flutter Entertainment plc (NYSE:FLUT - Free Report) by 81.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 806 shares of the company's stock after selling 3,630 shares during the period. AXA S.A.'s holdings in Flutter Entertainment were worth $208,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the business. Harvest Fund Management Co. Ltd purchased a new position in Flutter Entertainment in the fourth quarter valued at approximately $25,000. Farther Finance Advisors LLC lifted its position in shares of Flutter Entertainment by 585.7% during the fourth quarter. Farther Finance Advisors LLC now owns 96 shares of the company's stock worth $25,000 after acquiring an additional 82 shares in the last quarter. BOCHK Asset Management Ltd purchased a new stake in shares of Flutter Entertainment during the fourth quarter worth $26,000. Raleigh Capital Management Inc. purchased a new stake in shares of Flutter Entertainment during the fourth quarter worth $26,000. Finally, IFP Advisors Inc lifted 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 worth $31,000 after acquiring an additional 83 shares in the last quarter.

Insider Buying and Selling

In related news, COO James Philip Bishop sold 3,000 shares of the company's stock in a transaction on Friday, May 9th. The shares were sold at an average price of $243.20, for a total value of $729,600.00. Following the completion of the transaction, the chief operating officer now owns 4,712 shares of the company's stock, valued at approximately $1,145,958.40. This represents a 38.90% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Amy Howe sold 11,814 shares of the company's 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 completion of the transaction, 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 position. The disclosure for this sale can be found here. In the last quarter, insiders sold 42,156 shares of company stock valued at $10,926,922.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on FLUT shares. Wells Fargo & Company increased their target price on Flutter Entertainment from $285.00 to $300.00 and gave the stock an "overweight" rating in a research report on Wednesday, March 5th. Citigroup reissued an "outperform" rating on shares of Flutter Entertainment in a research note on Wednesday, March 5th. Barclays reduced their price objective on Flutter Entertainment from $300.00 to $293.00 and set an "overweight" rating on the stock in a research note on Thursday, May 8th. Stifel Nicolaus reduced their price objective on Flutter Entertainment from $320.00 to $315.00 and set a "buy" rating on the stock in a research note on Tuesday, April 22nd. Finally, Macquarie reissued an "outperform" rating and issued a $340.00 target price (up from $330.00) on shares of Flutter Entertainment in a research note on Thursday, May 8th. Twenty analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, Flutter Entertainment currently has a consensus rating of "Buy" and a consensus price target of $306.28.

Flutter Entertainment Stock Performance

Shares of FLUT stock traded up $6.90 during mid-day trading on Wednesday, reaching $248.74. 1,373,211 shares of the company's stock traded hands, compared to its average volume of 1,863,998. Flutter Entertainment plc has a 12 month low of $174.03 and a 12 month high of $299.73. The firm has a 50 day moving average price of $233.25 and a two-hundred day moving average price of $253.81. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.89 and a current ratio of 0.89. The firm has a market capitalization of $43.95 billion and a PE ratio of 86.07.

Flutter Entertainment (NYSE:FLUT - Get Free Report) last issued its quarterly earnings data on Wednesday, May 7th. The company reported $1.59 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.89 by ($0.30). Flutter Entertainment had a negative net margin of 6.86% and a negative return on equity of 4.52%. The business had revenue of $3.67 billion for the quarter, compared to the consensus estimate of $3.06 billion. During the same period in the previous year, the firm earned $0.10 EPS. The company's revenue was up 7.9% on a year-over-year basis. On average, research analysts forecast that Flutter Entertainment plc will post 4.17 EPS for the current year.

Flutter Entertainment Company 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.