Blackhawk Capital Partners LLC. Takes $285,000 Position in Flutter Entertainment PLC (NYSE:FLUT)

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

Several other institutional investors have also added to or reduced their stakes in the business. Parvus Asset Management Europe Ltd purchased a new stake in shares of Flutter Entertainment during the fourth quarter worth about $2,146,227,000. Norges Bank purchased a new stake in shares of Flutter Entertainment during the fourth quarter worth about $946,681,000. Invesco Ltd. purchased a new stake in shares of Flutter Entertainment during the fourth quarter worth about $621,680,000. Lone Pine Capital LLC purchased a new stake in shares of Flutter Entertainment during the fourth quarter worth about $494,291,000. Finally, Capital World Investors boosted its holdings in shares of Flutter Entertainment by 11.9% during the fourth quarter. Capital World Investors now owns 15,426,515 shares of the company's stock worth $3,986,968,000 after purchasing an additional 1,635,241 shares during the period.

Insider Buying and Selling at Flutter Entertainment

In other Flutter Entertainment news, COO James Philip Bishop sold 3,000 shares of the firm's stock in a transaction that occurred on Friday, May 9th. The shares were sold at an average price of $243.20, for a total transaction of $729,600.00. Following the completion of the transaction, the chief operating officer owned 4,712 shares of the company's stock, valued at approximately $1,145,958.40. This trade represents a 38.90% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Carolan Lennon sold 430 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 $105,655.30. Following the transaction, the director directly owned 769 shares of the company's stock, valued at $188,950.99. This represents a 35.86% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 7,770 shares of company stock valued at $1,894,934.

Flutter Entertainment Stock Up 0.2%

Shares of NYSE FLUT traded up $0.50 on Wednesday, reaching $285.74. 928,620 shares of the company's stock traded hands, compared to its average volume of 2,091,594. Flutter Entertainment PLC has a 12 month low of $175.59 and a 12 month high of $299.73. The business's 50 day simple moving average is $257.73 and its two-hundred day simple moving average is $253.70. The company has a market cap of $50.49 billion and a price-to-earnings ratio of 98.75. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.67.

Flutter Entertainment (NYSE:FLUT - Get Free Report) last announced its earnings results on Wednesday, May 7th. The company reported $1.59 earnings per share 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 business had revenue of $3.67 billion for the quarter, compared to the consensus estimate of $3.06 billion. During the same period in the prior year, the business posted $0.10 EPS. Flutter Entertainment's revenue for the quarter was up 7.9% on a year-over-year basis. As a group, equities research analysts forecast that Flutter Entertainment PLC will post 4.17 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the stock. Jefferies Financial Group assumed coverage on shares of Flutter Entertainment in a report on Tuesday. They set a "buy" rating and a $380.00 target price for the company. Truist Financial dropped their target price on shares of Flutter Entertainment from $330.00 to $280.00 and set a "buy" rating for the company in a report on Wednesday, April 23rd. Benchmark reiterated a "buy" rating and set a $300.00 target price on shares of Flutter Entertainment in a report on Monday, April 21st. Canaccord Genuity Group began coverage on shares of Flutter Entertainment in a report on Wednesday, June 25th. They set a "buy" rating and a $330.00 target price for the company. Finally, Macquarie reissued an "outperform" rating and issued a $340.00 price target (up from $330.00) on shares of Flutter Entertainment in a research note on Thursday, May 8th. Two equities 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. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $308.67.

About Flutter Entertainment

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.