Tidal Investments LLC Invests $661,000 in Flutter Entertainment plc (NYSE:FLUT)

Tidal Investments LLC bought a new stake in Flutter Entertainment plc (NYSE:FLUT - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 2,558 shares of the company's stock, valued at approximately $661,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Farther Finance Advisors LLC increased its holdings in Flutter Entertainment by 585.7% during the 4th quarter. Farther Finance Advisors LLC now owns 96 shares of the company's stock valued at $25,000 after purchasing an additional 82 shares during the period. Harvest Fund Management Co. Ltd purchased a new position in Flutter Entertainment during the 4th quarter valued at about $25,000. BOCHK Asset Management Ltd bought a new position in shares of Flutter Entertainment in the 4th quarter worth approximately $26,000. IFP Advisors Inc raised its position in shares of Flutter Entertainment by 244.1% in the 4th quarter. IFP Advisors Inc now owns 117 shares of the company's stock worth $31,000 after acquiring an additional 83 shares in the last quarter. Finally, Tower Research Capital LLC TRC bought a new position in shares of Flutter Entertainment in the 4th quarter worth approximately $33,000.

Flutter Entertainment Price Performance

Shares of FLUT stock traded up $2.27 during trading hours on Thursday, hitting $249.16. The stock had a trading volume of 1,006,294 shares, compared to its average volume of 1,875,538. Flutter Entertainment plc has a one year low of $174.03 and a one year 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 stock's 50-day moving average price is $234.95 and its two-hundred day moving average price is $254.52. The stock has a market capitalization of $44.02 billion and a price-to-earnings ratio of 86.21.

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 the consensus estimate of $3.06 billion. During the same period in the previous year, the firm earned $0.10 earnings per share. The company's revenue was up 7.9% compared to the same quarter last year. Equities analysts forecast that Flutter Entertainment plc will post 4.17 EPS for the current year.

Insider Buying and Selling at Flutter Entertainment

In other Flutter Entertainment news, COO James Philip Bishop sold 3,000 shares of the company's stock in a transaction on Friday, May 9th. The stock was sold at an average price of $243.20, for a total transaction of $729,600.00. Following the completion of the sale, the chief operating officer now owns 4,712 shares in the company, valued at $1,145,958.40. This represents a 38.90% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Amy Howe sold 11,814 shares of the company's stock in a transaction on 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 sale, the chief executive officer now owns 62,941 shares of the company's stock, valued at approximately $16,396,130.50. This represents a 15.80% decrease in their position. The disclosure for this sale can be found here. Insiders sold 42,156 shares of company stock worth $10,926,922 over the last 90 days.

Analysts Set New Price Targets

Several analysts recently weighed in on the company. Barclays cut their price target on Flutter Entertainment from $300.00 to $293.00 and set an "overweight" rating on the stock in a research note on Thursday, May 8th. BTIG Research cut their price target on Flutter Entertainment from $323.00 to $289.00 and set a "buy" rating on the stock in a research note on Tuesday, April 22nd. Citizens Jmp cut their price target on Flutter Entertainment from $328.00 to $317.00 and set an "outperform" rating on the stock in a research note on Monday, April 14th. Peel Hunt upgraded Flutter Entertainment from a "hold" rating to an "add" rating in a research note on Monday, March 10th. Finally, Benchmark reiterated a "buy" rating and set a $300.00 target price on shares of Flutter Entertainment in a research note on Monday, April 21st. Twenty analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, Flutter Entertainment 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.