Flutter Entertainment PLC (NYSE:FLUT) Shares Bought by GAMMA Investing LLC

GAMMA Investing LLC increased its holdings in Flutter Entertainment PLC (NYSE:FLUT - Free Report) by 22,057.1% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,102 shares of the company's stock after purchasing an additional 3,088 shares during the period. GAMMA Investing LLC's holdings in Flutter Entertainment were worth $687,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Harvest Fund Management Co. Ltd purchased a new stake in shares of Flutter Entertainment during the 4th quarter valued at $25,000. Farther Finance Advisors LLC grew its holdings in Flutter Entertainment by 585.7% during the 4th quarter. Farther Finance Advisors LLC now owns 96 shares of the company's stock worth $25,000 after acquiring an additional 82 shares in the last quarter. IFP Advisors Inc grew its holdings in Flutter Entertainment by 244.1% during the 4th quarter. IFP Advisors Inc now owns 117 shares of the company's stock worth $31,000 after acquiring an additional 83 shares in the last quarter. Tower Research Capital LLC TRC acquired a new position in Flutter Entertainment during the 4th quarter worth $33,000. Finally, TD Waterhouse Canada Inc. acquired a new position in Flutter Entertainment during the 4th quarter worth $36,000.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on FLUT. Barclays decreased their price target on shares of Flutter Entertainment from $300.00 to $293.00 and set an "overweight" rating for the company in a report on Thursday, May 8th. Needham & Company LLC restated a "buy" rating and set a $310.00 price target on shares of Flutter Entertainment in a research report on Tuesday, June 10th. Stifel Nicolaus dropped their target price on shares of Flutter Entertainment from $320.00 to $315.00 and set a "buy" rating on the stock in a report on Tuesday, April 22nd. Sanford C. Bernstein initiated coverage on shares of Flutter Entertainment in a report on Wednesday, June 4th. They set a "market perform" rating and a $275.00 price target on the stock. Finally, Susquehanna cut their target price on shares of Flutter Entertainment from $317.00 to $315.00 and set a "positive" rating for the company in a research report on Wednesday, March 5th. One equities research analyst has rated the stock with a hold rating, twenty have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Buy" and an average price target of $303.79.

Insider Transactions at Flutter Entertainment

In other Flutter Entertainment news, Director John A. Bryant sold 418 shares of the stock in a transaction dated Wednesday, June 4th. The shares were sold at an average price of $245.71, for a total transaction of $102,706.78. Following the sale, the director now owns 5,956 shares of the company's stock, valued at $1,463,448.76. This represents a 6.56% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Christine M. Mccarthy sold 264 shares of the firm's stock in a transaction dated Thursday, June 5th. The shares were sold at an average price of $244.12, for a total transaction of $64,447.68. Following the completion of the transaction, the director now directly owns 559 shares in the company, valued at $136,463.08. This trade represents a 32.08% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 7,770 shares of company stock valued at $1,894,934.

Flutter Entertainment Price Performance

NYSE:FLUT opened at $272.01 on Wednesday. The stock has a market cap of $48.06 billion and a P/E ratio of 94.12. Flutter Entertainment PLC has a one year low of $175.59 and a one year high of $299.73. The company has a fifty day moving average price of $243.92 and a 200 day moving average price of $253.51. The company has a debt-to-equity ratio of 0.67, a current ratio of 0.95 and a quick ratio of 0.95.

Flutter Entertainment (NYSE:FLUT - Get Free Report) last announced its quarterly earnings data on Wednesday, May 7th. The company reported $1.59 earnings per share (EPS) 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 during the quarter, compared to analyst estimates of $3.06 billion. During the same quarter in the prior year, the company posted $0.10 EPS. The company's quarterly revenue was up 7.9% compared to the same quarter last year. Analysts anticipate that Flutter Entertainment PLC will post 4.17 earnings per share for the current year.

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.

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