ANTIPODES PARTNERS Ltd Purchases 31,990 Shares of Flutter Entertainment PLC (NYSE:FLUT)

ANTIPODES PARTNERS Ltd increased its position in shares of Flutter Entertainment PLC (NYSE:FLUT - Free Report) by 27.1% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 150,231 shares of the company's stock after purchasing an additional 31,990 shares during the quarter. Flutter Entertainment accounts for about 1.0% of ANTIPODES PARTNERS Ltd's investment portfolio, making the stock its 29th largest holding. ANTIPODES PARTNERS Ltd owned about 0.09% of Flutter Entertainment worth $32,870,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. GPS Wealth Strategies Group LLC lifted 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 purchasing an additional 110 shares during the last quarter. Tower Research Capital LLC TRC bought a new position in Flutter Entertainment during the fourth quarter worth $33,000. Parallel Advisors LLC lifted its stake in Flutter Entertainment by 78.9% during the first quarter. Parallel Advisors LLC now owns 136 shares of the company's stock worth $30,000 after purchasing an additional 60 shares during the last quarter. TD Waterhouse Canada Inc. bought a new position in Flutter Entertainment during the fourth quarter worth $36,000. Finally, Farther Finance Advisors LLC lifted its stake in Flutter Entertainment by 90.6% in the first quarter. Farther Finance Advisors LLC now owns 183 shares of the company's stock valued at $41,000 after buying an additional 87 shares during the last quarter.

Flutter Entertainment Trading Up 1.6%

Shares of FLUT traded up $4.78 during midday trading on Friday, hitting $304.82. The stock had a trading volume of 1,392,447 shares, compared to its average volume of 2,789,203. The business has a 50-day simple moving average of $271.76 and a two-hundred day simple moving average of $257.32. The firm has a market cap of $53.86 billion and a P/E ratio of 105.47. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.67. Flutter Entertainment PLC has a fifty-two week low of $175.59 and a fifty-two week high of $309.77.

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

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the company. JMP Securities raised their target price on Flutter Entertainment from $301.00 to $323.00 and gave the company a "market outperform" rating in a research note on Tuesday, July 15th. Needham & Company LLC raised their target price on Flutter Entertainment from $310.00 to $340.00 and gave the company a "buy" rating in a research note on Tuesday. Canaccord Genuity Group assumed coverage on Flutter Entertainment in a research note on Wednesday, June 25th. They issued a "buy" rating and a $330.00 target price on the stock. Truist Financial raised their target price on Flutter Entertainment from $280.00 to $340.00 and gave the company a "buy" rating in a research note on Wednesday, July 16th. Finally, BTIG Research cut their target price 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. Two equities research analysts have rated the stock with a hold rating, twenty-two have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, Flutter Entertainment has a consensus rating of "Moderate Buy" and an average price target of $322.10.

Insider Activity at Flutter Entertainment

In related news, Director Nancy Cruickshank sold 281 shares of the firm's stock in a transaction that occurred on Wednesday, June 4th. The shares were sold at an average price of $245.71, for a total transaction of $69,044.51. Following the completion of the sale, the director directly owned 1,797 shares in the company, valued at approximately $441,540.87. This trade represents a 13.52% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Amy Howe sold 2,315 shares of the firm's stock in a transaction that occurred on Friday, May 9th. The stock was sold at an average price of $243.50, for a total transaction of $563,702.50. Following the sale, the chief executive officer owned 73,947 shares of the company's stock, valued at approximately $18,006,094.50. This represents a 3.04% decrease in their ownership of the stock. 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 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.