Asset Management One Co. Ltd. Acquires 5,099 Shares of Flutter Entertainment PLC (NYSE:FLUT)

Asset Management One Co. Ltd. boosted its stake in Flutter Entertainment PLC (NYSE:FLUT - Free Report) by 8.2% during the first quarter, according to the company in its most recent filing with the SEC. The fund owned 67,663 shares of the company's stock after buying an additional 5,099 shares during the period. Asset Management One Co. Ltd.'s holdings in Flutter Entertainment were worth $14,991,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also bought and sold shares of FLUT. Whalen Wealth Management Inc. acquired a new position in shares of Flutter Entertainment during the 1st quarter worth approximately $380,000. Cambridge Investment Research Advisors Inc. grew its position in shares of Flutter Entertainment by 1.4% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 4,783 shares of the company's stock worth $1,060,000 after purchasing an additional 67 shares in the last quarter. Canton Hathaway LLC grew its position in shares of Flutter Entertainment by 360.3% during the 1st quarter. Canton Hathaway LLC now owns 6,490 shares of the company's stock worth $1,438,000 after purchasing an additional 5,080 shares in the last quarter. Deltec Asset Management LLC acquired a new position in shares of Flutter Entertainment during the 1st quarter worth approximately $443,000. Finally, Clarius Group LLC lifted its holdings in shares of Flutter Entertainment by 13.3% during the 1st quarter. Clarius Group LLC now owns 931 shares of the company's stock worth $206,000 after acquiring an additional 109 shares during the period.

Insider Activity

In other news, Director Nancy Cruickshank sold 281 shares of the stock in a transaction that occurred on Wednesday, June 4th. The shares were sold at an average price of $245.71, for a total value of $69,044.51. Following the transaction, the director now owns 1,797 shares in the company, valued at $441,540.87. This represents a 13.52% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Alfred F. Hurley, Jr. sold 265 shares of the stock in a transaction that occurred on Thursday, June 5th. The stock was sold at an average price of $243.94, for a total transaction of $64,644.10. Following the completion of the transaction, the director now owns 3,518 shares in the company, valued at $858,180.92. This trade represents a 7.01% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 7,770 shares of company stock valued at $1,894,934 in the last 90 days.

Flutter Entertainment Stock Up 2.9%

Shares of NYSE:FLUT traded up $8.00 during midday trading on Friday, reaching $279.26. The company's stock had a trading volume of 18,373,229 shares, compared to its average volume of 2,069,992. The firm has a 50 day moving average of $249.53 and a 200-day moving average of $253.31. The firm has a market capitalization of $49.34 billion and a P/E ratio of 96.63. 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 12-month low of $175.59 and a 12-month high of $299.73.

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 firm had revenue of $3.67 billion for 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 last year, the company posted $0.10 earnings per share. On average, research analysts anticipate that Flutter Entertainment PLC will post 4.17 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on FLUT shares. Macquarie reaffirmed an "outperform" rating and set a $340.00 price target (up previously from $330.00) on shares of Flutter Entertainment in a report on Thursday, May 8th. Wells Fargo & Company increased their price objective on shares of Flutter Entertainment from $285.00 to $300.00 and gave the company an "overweight" rating in a research note on Wednesday, March 5th. BTIG Research dropped their price objective on shares of Flutter Entertainment from $323.00 to $289.00 and set a "buy" rating for the company in a research note on Tuesday, April 22nd. JMP Securities reissued a "market outperform" rating and issued a $301.00 price objective on shares of Flutter Entertainment in a research note on Thursday, June 12th. Finally, Citigroup reissued an "outperform" rating on shares of Flutter Entertainment in a research note on Wednesday, March 5th. Two analysts have rated the stock with a hold rating, twenty-one have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $305.10.

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.