Flutter Entertainment PLC (NYSE:FLUT) Stock Holdings Raised by Mirae Asset Global Investments Co. Ltd.

Mirae Asset Global Investments Co. Ltd. boosted its position in Flutter Entertainment PLC (NYSE:FLUT - Free Report) by 326.7% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 3,243 shares of the company's stock after acquiring an additional 2,483 shares during the period. Mirae Asset Global Investments Co. Ltd.'s holdings in Flutter Entertainment were worth $742,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Sequoia Financial Advisors LLC boosted its holdings in shares of Flutter Entertainment by 3.0% in the 1st quarter. Sequoia Financial Advisors LLC now owns 1,836 shares of the company's stock valued at $407,000 after purchasing an additional 53 shares during the last quarter. Robeco Institutional Asset Management B.V. boosted its holdings in shares of Flutter Entertainment by 1.9% in the 1st quarter. Robeco Institutional Asset Management B.V. now owns 30,964 shares of the company's stock valued at $6,860,000 after purchasing an additional 589 shares during the last quarter. Bessemer Group Inc. boosted its holdings in shares of Flutter Entertainment by 0.6% in the 1st quarter. Bessemer Group Inc. now owns 397,297 shares of the company's stock valued at $88,021,000 after purchasing an additional 2,478 shares during the last quarter. Asset Management One Co. Ltd. boosted its holdings in shares of Flutter Entertainment by 8.2% in the 1st quarter. Asset Management One Co. Ltd. now owns 67,663 shares of the company's stock valued at $14,991,000 after purchasing an additional 5,099 shares during the last quarter. Finally, Whalen Wealth Management Inc. acquired a new position in shares of Flutter Entertainment in the 1st quarter valued at $380,000.

Analysts Set New Price Targets

A number of brokerages have weighed in on FLUT. BTIG Research decreased their price target on shares of Flutter Entertainment from $323.00 to $289.00 and set a "buy" rating on the stock in a report on Tuesday, April 22nd. Truist Financial decreased their price target on shares of Flutter Entertainment from $330.00 to $280.00 and set a "buy" rating on the stock in a report on Wednesday, April 23rd. Sanford C. Bernstein began coverage on shares of Flutter Entertainment in a report on Wednesday, June 4th. They issued a "market perform" rating and a $275.00 price target on the stock. JMP Securities reiterated a "market outperform" rating and issued a $301.00 price target on shares of Flutter Entertainment in a report on Thursday, June 12th. Finally, Macquarie reiterated an "outperform" rating and issued a $340.00 price target (up previously from $330.00) on shares of Flutter Entertainment in a report on Thursday, May 8th. Two investment analysts have rated the stock with a hold rating, twenty-two have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, Flutter Entertainment has an average rating of "Moderate Buy" and an average target price of $308.67.

Insider Buying and Selling

In other news, Director John A. Bryant sold 418 shares of the business's stock in a transaction dated Wednesday, June 4th. The shares were sold at an average price of $245.71, for a total value of $102,706.78. Following the completion of the sale, the director owned 5,956 shares of the company's stock, valued at approximately $1,463,448.76. The trade was a 6.56% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Holly K. Koeppel sold 267 shares of the business's stock in a transaction dated Wednesday, June 4th. The stock was sold at an average price of $245.36, for a total transaction of $65,511.12. Following the completion of the sale, the director directly owned 2,556 shares of the company's stock, valued at $627,140.16. The trade was a 9.46% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 7,770 shares of company stock worth $1,894,934.

Flutter Entertainment Stock Up 0.5%

FLUT stock traded up $1.49 during trading on Wednesday, reaching $286.73. The stock had a trading volume of 1,761,116 shares, compared to its average volume of 2,101,240. Flutter Entertainment PLC has a 1-year low of $175.59 and a 1-year high of $299.73. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.67. The company has a market capitalization of $50.66 billion and a P/E ratio of 99.21. The firm has a fifty day moving average price of $258.65 and a 200 day moving average price of $253.93.

Flutter Entertainment (NYSE:FLUT - Get Free Report) last issued its quarterly earnings data on Wednesday, May 7th. The company reported $1.59 EPS for the quarter, missing analysts' consensus estimates of $1.89 by ($0.30). Flutter Entertainment had a return on equity of 11.76% and a net margin of 4.17%. The firm 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 firm earned $0.10 EPS. The business's quarterly revenue was up 7.9% compared to the same quarter last year. On average, equities analysts anticipate that Flutter Entertainment PLC will post 4.17 earnings per share for the current year.

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.