OneDigital Investment Advisors LLC Cuts Stake in Flutter Entertainment PLC (NYSE:FLUT)

OneDigital Investment Advisors LLC cut its holdings in Flutter Entertainment PLC (NYSE:FLUT - Free Report) by 17.8% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 4,093 shares of the company's stock after selling 885 shares during the quarter. OneDigital Investment Advisors LLC's holdings in Flutter Entertainment were worth $907,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also made changes to their positions in the company. Harvest Fund Management Co. Ltd acquired a new position in shares of Flutter Entertainment during the fourth quarter worth about $25,000. Farther Finance Advisors LLC grew its position in Flutter Entertainment by 585.7% during the fourth quarter. Farther Finance Advisors LLC now owns 96 shares of the company's stock worth $25,000 after buying an additional 82 shares during the period. GPS Wealth Strategies Group LLC increased its holdings in Flutter Entertainment by 1,375.0% in the first quarter. GPS Wealth Strategies Group LLC now owns 118 shares of the company's stock valued at $26,000 after buying an additional 110 shares in the last quarter. Parallel Advisors LLC lifted its position in shares of Flutter Entertainment by 78.9% during the 1st quarter. Parallel Advisors LLC now owns 136 shares of the company's stock valued at $30,000 after acquiring an additional 60 shares during the period. Finally, Tower Research Capital LLC TRC purchased a new stake in shares of Flutter Entertainment during the 4th quarter worth approximately $33,000.

Flutter Entertainment Trading Up 0.1%

Shares of FLUT stock traded up $0.40 during mid-day trading on Friday, hitting $289.98. 1,446,889 shares of the company's stock were exchanged, compared to its average volume of 2,101,757. Flutter Entertainment PLC has a fifty-two week low of $175.59 and a fifty-two week high of $299.73. The stock has a 50-day simple moving average of $259.59 and a two-hundred day simple moving average of $254.13. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.67. The stock has a market cap of $51.24 billion and a price-to-earnings ratio of 100.34.

Flutter Entertainment (NYSE:FLUT - Get Free Report) last posted its quarterly earnings data on Wednesday, May 7th. The company reported $1.59 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.89 by ($0.30). The business had revenue of $3.67 billion for the quarter, compared to analyst estimates of $3.06 billion. Flutter Entertainment had a return on equity of 11.76% and a net margin of 4.17%. Flutter Entertainment's revenue for the quarter was up 7.9% compared to the same quarter last year. During the same quarter last year, the business earned $0.10 EPS. Equities analysts expect that Flutter Entertainment PLC will post 4.17 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, CEO Amy Howe sold 2,315 shares of the stock in a transaction on Friday, May 9th. The stock was sold at an average price of $243.50, for a total value of $563,702.50. Following the transaction, the chief executive officer directly owned 73,947 shares of the company's stock, valued at approximately $18,006,094.50. This trade represents a 3.04% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director John A. Bryant sold 418 shares of the stock in a transaction on Wednesday, June 4th. The stock was sold at an average price of $245.71, for a total value of $102,706.78. Following the completion of the transaction, the director directly owned 5,956 shares in the company, valued at $1,463,448.76. This trade represents a 6.56% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 7,770 shares of company stock worth $1,894,934.

Wall Street Analyst Weigh In

FLUT has been the topic of a number of research reports. BTIG Research lowered their price target on Flutter Entertainment from $323.00 to $289.00 and set a "buy" rating on the stock in a report on Tuesday, April 22nd. Jefferies Financial Group initiated coverage on Flutter Entertainment in a report on Tuesday. They issued a "buy" rating and a $380.00 price target on the stock. Hsbc Global Res upgraded Flutter Entertainment to a "hold" rating in a report on Wednesday, June 18th. Benchmark restated a "buy" rating and issued a $300.00 price target on shares of Flutter Entertainment in a report on Monday, April 21st. Finally, Citizens Jmp lowered their price target on Flutter Entertainment from $328.00 to $317.00 and set an "outperform" rating on the stock in a report on Monday, April 14th. Two analysts have rated the stock with a hold rating, twenty-two have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $310.10.

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.