Calamos Wealth Management LLC Has $2.23 Million Stock Position in Flutter Entertainment PLC (NYSE:FLUT)

Calamos Wealth Management LLC grew its stake in shares of Flutter Entertainment PLC (NYSE:FLUT - Free Report) by 28.4% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 10,063 shares of the company's stock after purchasing an additional 2,223 shares during the quarter. Calamos Wealth Management LLC's holdings in Flutter Entertainment were worth $2,229,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in FLUT. Parvus Asset Management Europe Ltd acquired a new position in shares of Flutter Entertainment during the 4th quarter worth approximately $2,146,227,000. Norges Bank acquired a new position in shares of Flutter Entertainment during the 4th quarter worth approximately $946,681,000. Invesco Ltd. acquired a new position in shares of Flutter Entertainment during the 4th quarter worth approximately $621,680,000. Lone Pine Capital LLC acquired a new position in shares of Flutter Entertainment during the 4th quarter worth approximately $494,291,000. Finally, Capital World Investors increased its position in shares of Flutter Entertainment by 11.9% during the 4th 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 last quarter.

Flutter Entertainment Price Performance

Shares of NYSE:FLUT traded down $5.34 during trading on Friday, reaching $277.00. 1,138,206 shares of the company traded hands, compared to its average volume of 2,091,884. The company's 50 day moving average is $255.84 and its two-hundred day moving average is $253.41. The firm has a market capitalization of $48.94 billion and a PE ratio of 95.85. 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 PLC has a 52 week low of $175.59 and a 52 week high of $299.73.

Flutter Entertainment (NYSE:FLUT - Get Free Report) last released 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). The company had revenue of $3.67 billion for the quarter, compared to the consensus estimate 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 was up 7.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.10 earnings per share. As a group, sell-side analysts predict that Flutter Entertainment PLC will post 4.17 earnings per share for the current year.

Insider Activity

In other news, Director Carolan Lennon sold 430 shares of the business'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 $105,655.30. Following the completion of the transaction, the director owned 769 shares of the company's stock, valued at approximately $188,950.99. The trade was a 35.86% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Holly K. Koeppel sold 267 shares of the business's stock in a transaction on Wednesday, June 4th. The stock was sold at an average price of $245.36, for a total value of $65,511.12. Following the transaction, the director directly owned 2,556 shares of the company's stock, valued at $627,140.16. This trade represents a 9.46% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 7,770 shares of company stock worth $1,894,934.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the company. Benchmark reaffirmed a "buy" rating and set a $300.00 price target on shares of Flutter Entertainment in a research report on Monday, April 21st. Truist Financial decreased their target price on Flutter Entertainment from $330.00 to $280.00 and set a "buy" rating on the stock in a report on Wednesday, April 23rd. Citizens Jmp decreased their target price on Flutter Entertainment from $328.00 to $317.00 and set an "outperform" rating on the stock in a report on Monday, April 14th. Sanford C. Bernstein began coverage on Flutter Entertainment in a report on Wednesday, June 4th. They set a "market perform" rating and a $275.00 target price on the stock. Finally, Macquarie reissued an "outperform" rating and set a $340.00 target price (up from $330.00) on shares of Flutter Entertainment in a report on Thursday, May 8th. Two research analysts have rated the stock with a hold rating, twenty-one have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $305.10.

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.