BNP Paribas Financial Markets Has $173.84 Million Position in Flutter Entertainment plc (NYSE:FLUT)

BNP Paribas Financial Markets boosted its position in shares of Flutter Entertainment plc (NYSE:FLUT - Free Report) by 24.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 672,640 shares of the company's stock after acquiring an additional 130,313 shares during the quarter. BNP Paribas Financial Markets owned 0.38% of Flutter Entertainment worth $173,844,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in FLUT. Parvus Asset Management Europe Ltd acquired a new position in shares of Flutter Entertainment during the 4th quarter worth about $2,146,227,000. Norges Bank acquired a new position in Flutter Entertainment during the fourth quarter worth approximately $946,681,000. Invesco Ltd. bought a new stake in Flutter Entertainment in the fourth quarter valued at approximately $621,680,000. Lone Pine Capital LLC acquired a new stake in shares of Flutter Entertainment in the fourth quarter valued at approximately $494,291,000. Finally, Capital World Investors boosted its stake in shares of Flutter Entertainment by 11.9% during the 4th quarter. Capital World Investors now owns 15,426,515 shares of the company's stock worth $3,986,968,000 after acquiring an additional 1,635,241 shares during the period.

Insider Activity at Flutter Entertainment

In related news, CEO Amy Howe sold 11,814 shares of the firm'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 sale, the chief executive officer now owns 62,941 shares of the company's stock, valued at $16,396,130.50. This trade represents a 15.80 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Jeremy Peter Jackson sold 25,027 shares of the company's stock in a transaction dated 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 directly 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 position. The disclosure for this sale can be found here.

Flutter Entertainment Price Performance

Shares of Flutter Entertainment stock traded down $6.43 on Friday, reaching $234.76. 1,691,383 shares of the stock were exchanged, compared to its average volume of 1,864,072. 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 cap of $41.49 billion and a PE ratio of 1,067.09. The firm's 50 day moving average is $234.03 and its 200-day moving average is $253.56. Flutter Entertainment plc has a one year low of $174.03 and a one year high of $299.73.

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

Analysts Set New Price Targets

Several equities research analysts have issued reports on the company. BTIG Research cut their price target on Flutter Entertainment from $323.00 to $289.00 and set a "buy" rating for the company in a report on Tuesday, April 22nd. Stifel Nicolaus cut their target price on shares of Flutter Entertainment from $320.00 to $315.00 and set a "buy" rating for the company in a research note on Tuesday, April 22nd. Truist Financial decreased their price target on shares of Flutter Entertainment from $330.00 to $280.00 and set a "buy" rating on the stock in a research note on Wednesday, April 23rd. Macquarie restated an "outperform" rating and set a $340.00 price objective (up from $330.00) on shares of Flutter Entertainment in a research report on Thursday. Finally, Wells Fargo & Company upped their target price on Flutter Entertainment from $285.00 to $300.00 and gave the company an "overweight" rating in a research report on Wednesday, March 5th. Twenty investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Buy" and an average price target of $306.28.

Flutter Entertainment 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.