Nicholas Hoffman & Company LLC. acquired a new stake in shares of Flutter Entertainment PLC (NYSE:FLUT - Free Report) during the 1st quarter, according to its most recent 13F filing with the SEC. The firm acquired 1,000 shares of the company's stock, valued at approximately $222,000.
Other large investors have also bought and sold shares of the company. PARUS FINANCE UK Ltd increased its position in shares of Flutter Entertainment by 1.5% during the 1st quarter. PARUS FINANCE UK Ltd now owns 3,350 shares of the company's stock valued at $742,000 after purchasing an additional 50 shares during the last quarter. Sequoia Financial Advisors LLC increased its position in shares of Flutter Entertainment by 3.0% during the 1st quarter. Sequoia Financial Advisors LLC now owns 1,836 shares of the company's stock valued at $407,000 after purchasing an additional 53 shares during the last quarter. Harbor Investment Advisory LLC increased its holdings in Flutter Entertainment by 43.8% in the 1st quarter. Harbor Investment Advisory LLC now owns 184 shares of the company's stock worth $41,000 after acquiring an additional 56 shares during the last quarter. Parallel Advisors LLC increased its holdings in Flutter Entertainment by 78.9% in the 1st quarter. Parallel Advisors LLC now owns 136 shares of the company's stock worth $30,000 after acquiring an additional 60 shares during the last quarter. Finally, Cambridge Investment Research Advisors Inc. increased its holdings in Flutter Entertainment by 1.4% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 4,783 shares of the company's stock worth $1,060,000 after acquiring an additional 67 shares during the last quarter.
Analyst Ratings Changes
Several brokerages recently weighed in on FLUT. Needham & Company LLC lifted their price objective on Flutter Entertainment from $340.00 to $355.00 and gave the stock a "buy" rating in a report on Friday. Benchmark lifted their price objective on Flutter Entertainment from $300.00 to $365.00 and gave the stock a "buy" rating in a report on Friday. Hsbc Global Res raised Flutter Entertainment to a "hold" rating in a report on Wednesday, June 18th. UBS Group lifted their price objective on Flutter Entertainment from $340.00 to $360.00 and gave the stock a "buy" rating in a report on Friday. Finally, BTIG Research decreased their price objective on Flutter Entertainment from $323.00 to $289.00 and set a "buy" rating for the company in a report on Tuesday, April 22nd. Three research analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Flutter Entertainment has a consensus rating of "Moderate Buy" and a consensus price target of $328.62.
Read Our Latest Analysis on FLUT
Insider Activity
In other news, Director Carolan Lennon sold 430 shares of Flutter Entertainment stock in a transaction dated Wednesday, June 4th. The stock was sold at an average price of $245.71, for a total transaction of $105,655.30. Following the completion of the sale, the director owned 769 shares in the company, valued at approximately $188,950.99. This trade represents a 35.86% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Holly K. Koeppel sold 267 shares of the business's stock in a transaction that occurred on Wednesday, June 4th. The stock was sold at an average price of $245.36, for a total value of $65,511.12. Following the completion of the sale, the director owned 2,556 shares of the company's stock, valued at $627,140.16. The trade was a 9.46% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 2,455 shares of company stock worth $601,632.
Flutter Entertainment Price Performance
Shares of FLUT traded down $24.82 during trading hours on Friday, reaching $281.25. 7,318,089 shares of the company's stock traded hands, compared to its average volume of 2,040,824. The stock has a market cap of $49.69 billion, a PE ratio of 138.55, a price-to-earnings-growth ratio of 1.13 and a beta of 2.31. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.67. The firm's 50 day simple moving average is $283.14 and its 200-day simple moving average is $260.30. Flutter Entertainment PLC has a 12 month low of $183.18 and a 12 month high of $313.68.
Flutter Entertainment (NYSE:FLUT - Get Free Report) last issued its quarterly earnings results on Thursday, August 7th. The company reported $2.95 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.08 by $0.87. The firm had revenue of $4.19 billion during the quarter, compared to the consensus estimate of $3.06 billion. Flutter Entertainment had a return on equity of 12.28% and a net margin of 2.96%. The business's revenue for the quarter was up 16.0% on a year-over-year basis. Equities analysts expect that Flutter Entertainment PLC will post 4.17 EPS for the current year.
Flutter Entertainment announced that its board has authorized a share buyback program on Friday, August 8th that permits the company to repurchase $245.00 million in shares. This repurchase authorization permits the company to buy up to 0.5% of its stock through open market purchases. Stock repurchase programs are generally a sign that the company's board of directors believes its stock is undervalued.
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.
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