1,714 Shares in Flutter Entertainment PLC (NYSE:FLUT) Bought by Whalen Wealth Management Inc.

Whalen Wealth Management Inc. bought a new stake in Flutter Entertainment PLC (NYSE:FLUT - Free Report) during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 1,714 shares of the company's stock, valued at approximately $380,000.

Several other hedge funds and other institutional investors also recently modified their holdings of the company. Harvest Fund Management Co. Ltd acquired a new position in Flutter Entertainment during the 4th quarter valued at about $25,000. Farther Finance Advisors LLC boosted 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 buying an additional 82 shares during the period. GPS Wealth Strategies Group LLC boosted its position in shares of Flutter Entertainment by 1,375.0% during the first quarter. GPS Wealth Strategies Group LLC now owns 118 shares of the company's stock worth $26,000 after buying an additional 110 shares during the period. Parallel Advisors LLC grew 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 buying an additional 60 shares in the last quarter. Finally, IFP Advisors Inc increased its position in Flutter Entertainment by 244.1% in the 4th quarter. IFP Advisors Inc now owns 117 shares of the company's stock valued at $31,000 after acquiring an additional 83 shares during the period.

Flutter Entertainment Stock Performance

Shares of NYSE FLUT opened at $263.94 on Monday. The business's 50-day simple moving average is $246.14 and its 200-day simple moving average is $253.12. The company has a debt-to-equity ratio of 0.67, a quick ratio of 0.95 and a current ratio of 0.95. Flutter Entertainment PLC has a 52 week low of $175.59 and a 52 week high of $299.73. The firm has a market cap of $46.63 billion and a price-to-earnings ratio of 91.33.

Flutter Entertainment (NYSE:FLUT - Get Free Report) last announced its quarterly earnings results on Wednesday, May 7th. The company reported $1.59 EPS for the quarter, missing the consensus estimate of $1.89 by ($0.30). The company had revenue of $3.67 billion for the quarter, compared to analyst estimates of $3.06 billion. Flutter Entertainment had a net margin of 4.17% and a return on equity of 11.76%. The company's revenue for the quarter was up 7.9% on a year-over-year basis. During the same quarter last year, the business earned $0.10 EPS. As a group, equities research analysts expect that Flutter Entertainment PLC will post 4.17 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on FLUT. Macquarie reissued an "outperform" rating and issued a $340.00 price target (up previously from $330.00) on shares of Flutter Entertainment in a research note on Thursday, May 8th. Citizens Jmp lowered their target price on shares of Flutter Entertainment from $328.00 to $317.00 and set an "outperform" rating on the stock in a research note on Monday, April 14th. Hsbc Global Res upgraded shares of Flutter Entertainment to a "hold" rating in a research report on Wednesday, June 18th. Susquehanna decreased their price objective on shares of Flutter Entertainment from $317.00 to $315.00 and set a "positive" rating for the company in a report on Wednesday, March 5th. Finally, BTIG Research lowered their price objective on shares of Flutter Entertainment from $323.00 to $289.00 and set a "buy" rating on the stock in a research note on Tuesday, April 22nd. Two investment analysts have rated the stock with a hold rating, twenty have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $303.79.

Insiders Place Their Bets

In other Flutter Entertainment news, Director Atif Rafiq sold 265 shares of the firm's stock in a transaction on Wednesday, June 4th. The shares were sold at an average price of $244.18, for a total value of $64,707.70. Following the sale, the director now directly owns 2,474 shares in the company, valued at $604,101.32. This trade represents a 9.68% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Nancy Cruickshank sold 281 shares of the company's stock in a transaction dated Wednesday, June 4th. The shares were sold at an average price of $245.71, for a total transaction of $69,044.51. Following the transaction, the director now directly owns 1,797 shares of the company's stock, valued at $441,540.87. This represents a 13.52% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 7,770 shares of company stock valued at $1,894,934 in the last quarter.

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.

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