Blackhawk Capital Partners LLC. Purchases New Position in Flutter Entertainment PLC (NYSE:FLUT)

Blackhawk Capital Partners LLC. purchased a new stake in Flutter Entertainment PLC (NYSE:FLUT - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 1,285 shares of the company's stock, valued at approximately $285,000.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Capital World Investors grew its holdings in shares of Flutter Entertainment by 11.9% in the 4th quarter. Capital World Investors now owns 15,426,515 shares of the company's stock worth $3,986,968,000 after acquiring an additional 1,635,241 shares during the period. Vanguard Group Inc. grew its holdings in shares of Flutter Entertainment by 3.2% in the 4th quarter. Vanguard Group Inc. now owns 9,591,786 shares of the company's stock worth $2,479,812,000 after acquiring an additional 299,300 shares during the period. Parvus Asset Management Europe Ltd acquired a new stake in shares of Flutter Entertainment in the 4th quarter worth approximately $2,146,227,000. Norges Bank acquired a new stake in shares of Flutter Entertainment in the 4th quarter worth approximately $946,681,000. Finally, FMR LLC grew its holdings in shares of Flutter Entertainment by 0.8% in the 4th quarter. FMR LLC now owns 3,401,092 shares of the company's stock worth $881,349,000 after acquiring an additional 25,422 shares during the period.

Insider Buying and Selling at Flutter Entertainment

In other news, Director John A. Bryant sold 418 shares of the company's stock in a transaction on Wednesday, June 4th. The stock was sold at an average price of $245.71, for a total transaction of $102,706.78. Following the completion of the sale, the director directly owned 5,956 shares in the company, valued at $1,463,448.76. This represents a 6.56% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director Alfred F. Hurley, Jr. sold 265 shares of the stock in a transaction on Thursday, June 5th. The shares were sold at an average price of $243.94, for a total value of $64,644.10. Following the completion of the sale, the director owned 3,518 shares of the company's stock, valued at approximately $858,180.92. This represents a 7.01% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 7,770 shares of company stock worth $1,894,934.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on FLUT. Canaccord Genuity Group began coverage on Flutter Entertainment in a report on Wednesday, June 25th. They issued a "buy" rating and a $330.00 price target on the stock. Jefferies Financial Group initiated coverage on Flutter Entertainment in a report on Tuesday. They issued a "buy" rating and a $380.00 price target on the stock. BTIG Research reduced 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. Truist Financial reduced their target price on Flutter Entertainment from $330.00 to $280.00 and set a "buy" rating on the stock in a research note on Wednesday, April 23rd. Finally, Hsbc Global Res raised Flutter Entertainment to a "hold" rating in a research note on Wednesday, June 18th. Two analysts have rated the stock with a hold rating, twenty-two have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, Flutter Entertainment presently has a consensus rating of "Moderate Buy" and an average target price of $308.67.

Flutter Entertainment Trading Up 0.5%

Shares of FLUT stock traded up $1.49 on Wednesday, reaching $286.73. 1,761,116 shares of the stock were exchanged, compared to its average volume of 2,101,240. The stock has a market cap of $50.66 billion and a P/E ratio of 99.21. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.67. The firm has a 50 day moving average of $257.73 and a two-hundred day moving average of $253.70. Flutter Entertainment PLC has a 1-year low of $175.59 and a 1-year high of $299.73.

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

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.