Flutter Entertainment plc (NYSE:FLUT) Stock Holdings Lifted by Deutsche Bank AG

Deutsche Bank AG boosted its position in Flutter Entertainment plc (NYSE:FLUT - Free Report) by 6.3% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,215,272 shares of the company's stock after acquiring an additional 72,387 shares during the quarter. Deutsche Bank AG owned 0.68% of Flutter Entertainment worth $314,087,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently added to or reduced their stakes in FLUT. UMB Bank n.a. boosted its stake in shares of Flutter Entertainment by 58.8% in the fourth quarter. UMB Bank n.a. now owns 135 shares of the company's stock valued at $35,000 after purchasing an additional 50 shares during the period. Harbor Investment Advisory LLC lifted its holdings in Flutter Entertainment by 64.1% in the 4th quarter. Harbor Investment Advisory LLC now owns 128 shares of the company's stock worth $33,000 after buying an additional 50 shares in the last quarter. Seelaus Asset Management LLC boosted its position in Flutter Entertainment by 6.4% in the 4th quarter. Seelaus Asset Management LLC now owns 914 shares of the company's stock valued at $236,000 after buying an additional 55 shares during the last quarter. Ritholtz Wealth Management grew its stake in shares of Flutter Entertainment by 3.5% during the fourth quarter. Ritholtz Wealth Management now owns 1,725 shares of the company's stock valued at $446,000 after acquiring an additional 59 shares in the last quarter. Finally, Farther Finance Advisors LLC increased 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 during the last quarter.

Flutter Entertainment Stock Performance

Shares of FLUT traded up $12.80 during trading hours on Monday, reaching $247.27. 1,832,800 shares of the company's stock traded hands, compared to its average volume of 1,863,947. Flutter Entertainment plc has a twelve month low of $174.03 and a twelve month high of $299.73. The company has a debt-to-equity ratio of 0.66, a current ratio of 0.89 and a quick ratio of 0.89. The business's fifty day simple moving average is $234.03 and its two-hundred day simple moving average is $253.74. The firm has a market capitalization of $43.69 billion and a price-to-earnings ratio of 85.56.

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

Insiders Place Their Bets

In other Flutter Entertainment news, CEO Amy Howe sold 11,814 shares of the business'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 in the company, valued at $16,396,130.50. The trade was a 15.80% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Jeremy Peter Jackson sold 25,027 shares of the business's stock in a transaction dated 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 transaction, the director now owns 21,148 shares in the company, valued at $5,539,930.08. This trade represents a 54.20% decrease in their position. The disclosure for this sale can be found here.

Wall Street Analysts Forecast Growth

FLUT has been the subject of a number of analyst reports. UBS Group increased their price target on Flutter Entertainment from $335.00 to $340.00 and gave the company a "buy" rating in a report on Thursday, March 6th. Wells Fargo & Company lifted their price objective on Flutter Entertainment from $285.00 to $300.00 and gave the stock an "overweight" rating in a report on Wednesday, March 5th. Truist Financial dropped their price objective on Flutter Entertainment from $330.00 to $280.00 and set a "buy" rating on the stock in a report on Wednesday, April 23rd. Barclays decreased their target price on Flutter Entertainment from $300.00 to $293.00 and set an "overweight" rating for the company in a research report on Thursday. Finally, Macquarie reiterated an "outperform" rating and issued a $340.00 target price (up previously from $330.00) on shares of Flutter Entertainment in a research report on Thursday. Twenty investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, Flutter Entertainment currently has an average rating of "Buy" and an average target price 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.