Flutter Entertainment PLC (NYSE:FLUT) Shares Sold by AustralianSuper Pty Ltd

AustralianSuper Pty Ltd trimmed its position in shares of Flutter Entertainment PLC (NYSE:FLUT - Free Report) by 38.1% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 537,176 shares of the company's stock after selling 330,687 shares during the quarter. AustralianSuper Pty Ltd owned 0.30% of Flutter Entertainment worth $119,011,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. Farther Finance Advisors LLC boosted its stake 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 valued at $25,000 after purchasing an additional 82 shares during the period. Harvest Fund Management Co. Ltd purchased a new stake in shares of Flutter Entertainment during the fourth quarter valued at $25,000. GPS Wealth Strategies Group LLC boosted its stake 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 valued at $26,000 after purchasing an additional 110 shares during the period. Tower Research Capital LLC TRC purchased a new stake in shares of Flutter Entertainment during the fourth quarter valued at $33,000. Finally, Parallel Advisors LLC boosted its stake in shares of 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.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on FLUT. Truist Financial set a $340.00 target price on shares of Flutter Entertainment and gave the company a "buy" rating in a research note on Wednesday. Sanford C. Bernstein began coverage on shares of Flutter Entertainment in a research note on Wednesday, June 4th. They set a "market perform" rating and a $275.00 target price for the company. Canaccord Genuity Group initiated coverage on shares of Flutter Entertainment in a research note on Wednesday, June 25th. They set a "buy" rating and a $330.00 target price for the company. Barclays reaffirmed an "overweight" rating and issued a $350.00 price objective (up from $293.00) on shares of Flutter Entertainment in a research note on Friday. Finally, JMP Securities upped their price objective on shares of Flutter Entertainment from $301.00 to $323.00 and gave the stock a "market outperform" rating in a research note on Tuesday, July 15th. Two research analysts have rated the stock with a hold rating, twenty-two have given a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $318.52.

Insider Activity at Flutter Entertainment

In other Flutter Entertainment news, CEO Amy Howe sold 2,315 shares of the firm's stock in a transaction that occurred on Friday, May 9th. The shares were sold at an average price of $243.50, for a total transaction of $563,702.50. Following the completion of the transaction, the chief executive officer directly owned 73,947 shares of the company's stock, valued at approximately $18,006,094.50. This trade represents a 3.04% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, COO James Philip Bishop sold 3,000 shares of the firm's stock in a transaction that occurred on Friday, May 9th. The stock was sold at an average price of $243.20, for a total transaction of $729,600.00. Following the transaction, the chief operating officer directly owned 4,712 shares of the company's stock, valued at $1,145,958.40. This represents a 38.90% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 7,770 shares of company stock worth $1,894,934 in the last ninety days.

Flutter Entertainment Stock Up 0.7%

Shares of FLUT stock traded up $2.13 during mid-day trading on Friday, hitting $306.92. 1,914,576 shares of the stock traded hands, compared to its average volume of 2,119,378. The stock has a market cap of $54.23 billion and a P/E ratio of 106.20. The stock's fifty day moving average is $266.11 and its two-hundred day moving average is $255.67. Flutter Entertainment PLC has a 52-week low of $175.59 and a 52-week high of $309.77. The company has a debt-to-equity ratio of 0.67, a current ratio of 0.95 and a quick ratio of 0.95.

Flutter Entertainment (NYSE:FLUT - Get Free Report) last announced its quarterly earnings data 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 during the quarter, compared to analysts' expectations of $3.06 billion. Flutter Entertainment had a net margin of 4.17% and a return on equity of 11.76%. The business's revenue for the quarter was up 7.9% compared to the same quarter last year. During the same period in the previous year, the business earned $0.10 earnings per share. Equities analysts predict that Flutter Entertainment PLC will post 4.17 EPS 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.