OneDigital Investment Advisors LLC Has $907,000 Position in Flutter Entertainment PLC (NYSE:FLUT)

OneDigital Investment Advisors LLC cut its stake in Flutter Entertainment PLC (NYSE:FLUT - Free Report) by 17.8% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,093 shares of the company's stock after selling 885 shares during the period. OneDigital Investment Advisors LLC's holdings in Flutter Entertainment were worth $907,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in FLUT. Sequoia Financial Advisors LLC raised its holdings in shares of Flutter Entertainment by 3.0% during the first quarter. Sequoia Financial Advisors LLC now owns 1,836 shares of the company's stock worth $407,000 after purchasing an additional 53 shares during the period. Harbor Investment Advisory LLC grew its position in Flutter Entertainment by 43.8% in the 1st quarter. Harbor Investment Advisory LLC now owns 184 shares of the company's stock valued at $41,000 after buying an additional 56 shares in the last quarter. Parallel Advisors LLC grew its position in Flutter Entertainment by 78.9% in the 1st quarter. Parallel Advisors LLC now owns 136 shares of the company's stock valued at $30,000 after buying an additional 60 shares in the last quarter. Cambridge Investment Research Advisors Inc. grew its position in Flutter Entertainment by 1.4% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 4,783 shares of the company's stock valued at $1,060,000 after buying an additional 67 shares in the last quarter. Finally, Farther Finance Advisors LLC boosted its position in shares of Flutter Entertainment by 585.7% during the 4th quarter. Farther Finance Advisors LLC now owns 96 shares of the company's stock valued at $25,000 after purchasing an additional 82 shares in the last quarter.

Analyst Ratings Changes

Several research firms have recently weighed in on FLUT. Jefferies Financial Group began coverage on shares of Flutter Entertainment in a research report on Tuesday. They set a "buy" rating and a $380.00 price objective for the company. Stifel Nicolaus reduced their price objective on shares of Flutter Entertainment from $320.00 to $315.00 and set a "buy" rating for the company in a research note on Tuesday, April 22nd. Sanford C. Bernstein began coverage on shares of Flutter Entertainment in a research note on Wednesday, June 4th. They set a "market perform" rating and a $275.00 price objective for the company. JMP Securities reissued a "market outperform" rating and issued a $301.00 price target on shares of Flutter Entertainment in a research report on Thursday, June 12th. Finally, Citizens Jmp reduced their price target on shares of Flutter Entertainment from $328.00 to $317.00 and set an "outperform" rating for the company in a research report on Monday, April 14th. Two investment analysts have rated the stock with a hold rating, twenty-two have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $308.67.

Flutter Entertainment Stock Performance

FLUT stock traded up $1.49 during midday trading on Wednesday, hitting $286.73. 1,761,116 shares of the company traded hands, compared to its average volume of 2,375,267. Flutter Entertainment PLC has a twelve month low of $175.59 and a twelve month high of $299.73. 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 business has a 50 day simple moving average of $257.73 and a 200-day simple moving average of $253.70. The stock has a market capitalization of $50.66 billion and a price-to-earnings ratio of 99.21.

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

Insiders Place Their Bets

In other news, Director Alfred F. Hurley, Jr. sold 265 shares of the firm's stock in a transaction on Thursday, June 5th. The shares were sold at an average price of $243.94, for a total value of $64,644.10. Following the sale, the director owned 3,518 shares in the company, valued at approximately $858,180.92. This trade represents a 7.01% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director John A. Bryant sold 418 shares of the firm's stock in a transaction on Wednesday, June 4th. The stock was sold at an average price of $245.71, for a total transaction of $102,706.78. Following the completion of the sale, the director owned 5,956 shares in the company, valued at approximately $1,463,448.76. The trade was a 6.56% 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.

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.