Charles Schwab Investment Management Inc. Has $157.54 Million Holdings in Flutter Entertainment PLC (NYSE:FLUT)

Charles Schwab Investment Management Inc. increased its holdings in Flutter Entertainment PLC (NYSE:FLUT - Free Report) by 7.5% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 711,097 shares of the company's stock after purchasing an additional 49,796 shares during the quarter. Charles Schwab Investment Management Inc. owned 0.40% of Flutter Entertainment worth $157,544,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the business. GPS Wealth Strategies Group LLC lifted its position in shares of Flutter Entertainment by 1,375.0% in the 1st quarter. GPS Wealth Strategies Group LLC now owns 118 shares of the company's stock valued at $26,000 after acquiring an additional 110 shares in the last quarter. Tower Research Capital LLC TRC acquired a new position in Flutter Entertainment in the 4th quarter worth about $33,000. Parallel Advisors LLC raised its stake in shares of Flutter Entertainment by 78.9% during the 1st quarter. Parallel Advisors LLC now owns 136 shares of the company's stock worth $30,000 after purchasing an additional 60 shares in the last quarter. TD Waterhouse Canada Inc. acquired a new stake in shares of Flutter Entertainment during the 4th quarter valued at about $36,000. Finally, Farther Finance Advisors LLC grew its stake in shares of Flutter Entertainment by 90.6% in the 1st quarter. Farther Finance Advisors LLC now owns 183 shares of the company's stock valued at $41,000 after buying an additional 87 shares in the last quarter.

Flutter Entertainment Trading Up 2.0%

Shares of FLUT stock traded up $5.78 on Wednesday, reaching $294.16. 1,355,421 shares of the stock were exchanged, compared to its average volume of 2,350,879. The stock has a 50 day moving average price of $285.75 and a 200 day moving average price of $260.75. The stock has a market cap of $51.80 billion, a PE ratio of 144.91, a P/E/G ratio of 1.13 and a beta of 2.31. Flutter Entertainment PLC has a one year low of $196.88 and a one year high of $313.68. The company has a debt-to-equity ratio of 0.95, a current ratio of 0.95 and a quick ratio of 0.95.

Flutter Entertainment (NYSE:FLUT - Get Free Report) last released its quarterly earnings data on Thursday, August 7th. The company reported $2.95 earnings per share for the quarter, topping the consensus estimate of $2.08 by $0.87. The business had revenue of $4.19 billion for the quarter, compared to analyst estimates of $3.06 billion. Flutter Entertainment had a net margin of 2.96% and a return on equity of 12.15%. The business's revenue was up 16.0% compared to the same quarter last year. Equities research analysts forecast that Flutter Entertainment PLC will post 4.17 EPS for the current fiscal year.

Flutter Entertainment declared that its board has authorized a stock buyback plan on Friday, August 8th that authorizes the company to repurchase $245.00 million in shares. This repurchase authorization authorizes the company to buy up to 0.5% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company's leadership believes its shares are undervalued.

Insider Buying and Selling at Flutter Entertainment

In other Flutter Entertainment news, Director Christine M. Mccarthy sold 264 shares of the business's stock in a transaction dated Thursday, June 5th. The stock was sold at an average price of $244.12, for a total value of $64,447.68. Following the completion of the transaction, the director directly owned 559 shares of the company's stock, valued at approximately $136,463.08. The trade was a 32.08% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Holly K. Koeppel sold 267 shares of the firm's stock in a transaction dated Wednesday, June 4th. The stock was sold at an average price of $245.36, for a total value of $65,511.12. Following the sale, the director directly owned 2,556 shares in the company, valued at approximately $627,140.16. This represents a 9.46% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 2,455 shares of company stock worth $601,632 in the last three months. 0.09% of the stock is owned by insiders.

Analysts Set New Price Targets

FLUT has been the topic of several recent research reports. Truist Financial raised their price objective on shares of Flutter Entertainment from $280.00 to $340.00 and gave the company a "buy" rating in a research report on Wednesday, July 16th. Hsbc Global Res upgraded shares of Flutter Entertainment to a "hold" rating in a report on Wednesday, June 18th. Citigroup reiterated an "outperform" rating on shares of Flutter Entertainment in a research note on Friday, August 8th. Jefferies Financial Group assumed coverage on shares of Flutter Entertainment in a report on Tuesday, July 8th. They issued a "buy" rating and a $380.00 target price on the stock. Finally, Bank of America boosted their price objective on Flutter Entertainment from $295.00 to $330.00 and gave the stock a "buy" rating in a research report on Friday, July 11th. Three equities research analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $328.62.

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.