California State Teachers Retirement System lifted its position in Flutter Entertainment plc (NYSE:FLUT - Free Report) by 32.7% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 274,300 shares of the company's stock after purchasing an additional 67,668 shares during the quarter. California State Teachers Retirement System owned 0.15% of Flutter Entertainment worth $70,893,000 at the end of the most recent quarter.
A number of other large investors also recently modified their holdings of the company. Harvest Fund Management Co. Ltd purchased a new position in shares of Flutter Entertainment in the fourth quarter worth about $25,000. Farther Finance Advisors LLC grew its position in Flutter Entertainment by 585.7% during the 4th quarter. Farther Finance Advisors LLC now owns 96 shares of the company's stock worth $25,000 after acquiring an additional 82 shares during the last quarter. Raleigh Capital Management Inc. bought a new position in Flutter Entertainment during the 4th quarter worth approximately $26,000. BOCHK Asset Management Ltd purchased a new position in Flutter Entertainment in the 4th quarter worth approximately $26,000. Finally, IFP Advisors Inc lifted its position in Flutter Entertainment by 244.1% in 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 last quarter.
Insider Activity at Flutter Entertainment
In other news, CEO Amy Howe sold 11,814 shares of the firm's stock in a transaction dated Thursday, March 6th. The stock was 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 owns 62,941 shares of the company's stock, valued at $16,396,130.50. This trade represents a 15.80 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Jeremy Peter Jackson sold 25,027 shares of the firm's stock in a transaction that occurred on Thursday, March 6th. The stock was sold at an average price of $261.96, for a total transaction of $6,556,072.92. Following the sale, the director now owns 21,148 shares in the company, 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 Stock Performance
FLUT traded up $2.33 during mid-day trading on Monday, reaching $251.01. 560,529 shares of the company traded hands, compared to its average volume of 1,823,463. The stock has a market capitalization of $44.36 billion and a P/E ratio of 1,140.58. Flutter Entertainment plc has a 52-week low of $174.03 and a 52-week high of $299.73. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 0.66. The company's fifty day moving average price is $237.02 and its 200-day moving average price is $253.30.
Wall Street Analysts Forecast Growth
Several research analysts recently commented on FLUT shares. UBS Group lifted their target price on shares of Flutter Entertainment from $335.00 to $340.00 and gave the stock a "buy" rating in a research note on Thursday, March 6th. Macquarie restated an "outperform" rating and issued a $340.00 price objective on shares of Flutter Entertainment in a research report on Wednesday, March 5th. BTIG Research dropped their target price on shares of Flutter Entertainment from $323.00 to $289.00 and set a "buy" rating for the company in a report on Tuesday, April 22nd. Truist Financial cut their target price on Flutter Entertainment from $330.00 to $280.00 and set a "buy" rating on the stock in a research note on Wednesday, April 23rd. Finally, Needham & Company LLC increased their price objective on Flutter Entertainment from $300.00 to $310.00 and gave the stock a "buy" rating in a report on Wednesday, March 5th. Twenty equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Buy" and a consensus price target of $306.67.
View Our Latest Stock Analysis on Flutter Entertainment
Flutter Entertainment Company 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.
Further Reading
Before you consider Flutter Entertainment, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Flutter Entertainment wasn't on the list.
While Flutter Entertainment currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Wondering where to start (or end) with AI stocks? These 10 simple stocks can help investors build long-term wealth as artificial intelligence continues to grow into the future.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
