Deltec Asset Management LLC Buys Shares of 2,000 Flutter Entertainment PLC (NYSE:FLUT)

Deltec Asset Management LLC acquired a new position in shares of Flutter Entertainment PLC (NYSE:FLUT - Free Report) during the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 2,000 shares of the company's stock, valued at approximately $443,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of FLUT. Harvest Fund Management Co. Ltd purchased a new stake in Flutter Entertainment during the fourth quarter valued at $25,000. Farther Finance Advisors LLC grew its position in Flutter Entertainment by 585.7% in 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 in the last quarter. GPS Wealth Strategies Group LLC increased its stake in 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 acquiring an additional 110 shares during the last quarter. Parallel Advisors LLC raised its position in Flutter Entertainment by 78.9% during the first quarter. Parallel Advisors LLC now owns 136 shares of the company's stock valued at $30,000 after purchasing an additional 60 shares during the period. Finally, IFP Advisors Inc raised its position in Flutter Entertainment by 244.1% during 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 period.

Analyst Ratings Changes

Several analysts recently weighed in on the company. Sanford C. Bernstein started coverage on Flutter Entertainment in a report on Wednesday, June 4th. They set a "market perform" rating and a $275.00 price target on the stock. Wells Fargo & Company lifted their price target on shares of Flutter Entertainment from $285.00 to $300.00 and gave the stock an "overweight" rating in a research note on Wednesday, March 5th. Hsbc Global Res raised shares of Flutter Entertainment to a "hold" rating in a research note on Wednesday, June 18th. UBS Group boosted their target price on Flutter Entertainment from $335.00 to $340.00 and gave the company a "buy" rating in a research report on Thursday, March 6th. Finally, Needham & Company LLC reiterated a "buy" rating and issued a $310.00 price target on shares of Flutter Entertainment in a report on Tuesday, June 10th. Two equities research analysts have rated the stock with a hold rating, twenty have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $303.79.

Insider Activity at Flutter Entertainment

In other Flutter Entertainment news, COO James Philip Bishop sold 3,000 shares of the firm's stock in a transaction on Friday, May 9th. The stock was sold at an average price of $243.20, for a total value of $729,600.00. Following the completion of the sale, the chief operating officer now directly owns 4,712 shares of the company's stock, valued at $1,145,958.40. This trade represents a 38.90% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Nancy Dubuc sold 265 shares of the stock in a transaction that occurred on Wednesday, June 4th. The shares were sold at an average price of $244.96, for a total transaction of $64,914.40. Following the completion of the sale, the director now directly owns 558 shares of the company's stock, valued at approximately $136,687.68. This trade represents a 32.20% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 7,770 shares of company stock worth $1,894,934.

Flutter Entertainment Stock Performance

NYSE FLUT traded up $5.19 during trading hours on Tuesday, reaching $275.72. The stock had a trading volume of 5,812,787 shares, compared to its average volume of 1,984,040. Flutter Entertainment PLC has a 52-week low of $175.59 and a 52-week high of $299.73. The stock has a fifty day moving average of $246.90 and a 200 day moving average of $253.05. The company has a debt-to-equity ratio of 0.67, a quick ratio of 0.95 and a current ratio of 0.95. The stock has a market cap of $48.72 billion and a P/E ratio of 95.40.

Flutter Entertainment (NYSE:FLUT - Get Free Report) last issued its earnings results on Wednesday, May 7th. The company reported $1.59 EPS for the quarter, missing analysts' consensus estimates of $1.89 by ($0.30). Flutter Entertainment had a return on equity of 11.76% and a net margin of 4.17%. The company had revenue of $3.67 billion during the quarter, compared to analysts' expectations of $3.06 billion. During the same quarter in the previous year, the company earned $0.10 EPS. The firm's quarterly revenue was up 7.9% compared to the same quarter last year. Sell-side analysts predict that Flutter Entertainment PLC will post 4.17 earnings per share for the current year.

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.