Duquesne Family Office LLC Has $4.68 Million Stock Holdings in Flutter Entertainment plc (NYSE:FLUT)

Duquesne Family Office LLC reduced its stake in Flutter Entertainment plc (NYSE:FLUT - Free Report) by 93.1% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 18,100 shares of the company's stock after selling 242,853 shares during the period. Duquesne Family Office LLC's holdings in Flutter Entertainment were worth $4,678,000 as of its most recent SEC filing.

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

Flutter Entertainment Stock Up 4.7%

NYSE FLUT traded up $11.07 on Monday, hitting $245.54. 917,978 shares of the stock were exchanged, compared to its average volume of 1,860,349. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 0.66. Flutter Entertainment plc has a fifty-two week low of $174.03 and a fifty-two week high of $299.73. The company has a market cap of $43.38 billion and a PE ratio of 84.96. The company has a 50-day moving average price of $234.03 and a 200-day moving average price of $253.74.

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 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 company had revenue of $3.67 billion for the quarter, compared to analysts' expectations of $3.06 billion. During the same quarter in the prior year, the firm posted $0.10 EPS. The firm's quarterly revenue was up 7.9% compared to the same quarter last year. Sell-side analysts anticipate that Flutter Entertainment plc will post 4.17 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research analysts have weighed in on the stock. Macquarie reaffirmed an "outperform" rating and issued a $340.00 price objective (up previously from $330.00) on shares of Flutter Entertainment in a report on Thursday. BTIG Research decreased their price objective on shares of Flutter Entertainment from $323.00 to $289.00 and set a "buy" rating on the stock in a report 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. Barclays decreased their price target on shares of Flutter Entertainment from $300.00 to $293.00 and set an "overweight" rating on the stock in a research note on Thursday. Finally, Susquehanna decreased their price target on shares of Flutter Entertainment from $317.00 to $315.00 and set a "positive" rating on the stock in a research note on Wednesday, March 5th. Twenty research 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.com, Flutter Entertainment currently has an average rating of "Buy" and a consensus target price of $306.28.

Insider Buying and Selling

In other Flutter Entertainment news, Director Jeremy Peter Jackson sold 25,027 shares of the company'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 directly 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 transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Amy Howe sold 11,814 shares of the company's stock in a transaction dated Thursday, March 6th. The shares were 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 approximately $16,396,130.50. The trade was a 15.80% decrease in their ownership of the stock. The disclosure for this sale can be found here.

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.