Flutter Entertainment PLC (NYSE:FLUT) Shares Sold by OneDigital Investment Advisors LLC

OneDigital Investment Advisors LLC lowered its stake in shares of Flutter Entertainment PLC (NYSE:FLUT - Free Report) by 17.8% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund 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 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in FLUT. Harvest Fund Management Co. Ltd acquired a new stake in shares of Flutter Entertainment during the fourth quarter valued at $25,000. Farther Finance Advisors LLC lifted 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 lifted its position in Flutter Entertainment by 1,375.0% during the first quarter. GPS Wealth Strategies Group LLC now owns 118 shares of the company's stock worth $26,000 after buying an additional 110 shares during the period. Parallel Advisors LLC lifted its position in Flutter Entertainment by 78.9% during the first quarter. Parallel Advisors LLC now owns 136 shares of the company's stock worth $30,000 after buying an additional 60 shares during the period. Finally, Tower Research Capital LLC TRC purchased a new position in Flutter Entertainment during the fourth quarter worth about $33,000.

Flutter Entertainment Stock Up 1.2%

Shares of FLUT stock traded up $3.38 during trading hours on Thursday, reaching $289.71. The company had a trading volume of 1,633,522 shares, compared to its average volume of 2,104,376. The company has a debt-to-equity ratio of 0.67, a quick ratio of 0.95 and a current ratio of 0.95. Flutter Entertainment PLC has a twelve month low of $175.59 and a twelve month high of $299.73. The company has a market capitalization of $51.19 billion and a P/E ratio of 100.24. The stock's fifty day simple moving average is $258.65 and its 200 day simple moving average is $253.93.

Flutter Entertainment (NYSE:FLUT - Get Free Report) last issued its quarterly earnings data on Wednesday, May 7th. The company reported $1.59 earnings per share 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 for the quarter, compared to analyst estimates of $3.06 billion. During the same quarter last year, the business earned $0.10 EPS. Flutter Entertainment's revenue for the quarter was up 7.9% compared to the same quarter last year. As a group, sell-side analysts expect that Flutter Entertainment PLC will post 4.17 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

FLUT has been the topic of several recent analyst reports. Needham & Company LLC reiterated a "buy" rating and set a $310.00 target price on shares of Flutter Entertainment in a research report on Tuesday, June 10th. Jefferies Financial Group initiated coverage on Flutter Entertainment in a research report on Tuesday. They set a "buy" rating and a $380.00 target price on the stock. Barclays reduced their target price on Flutter Entertainment from $300.00 to $293.00 and set an "overweight" rating on the stock in a research report on Thursday, May 8th. JMP Securities reiterated a "market outperform" rating and set a $301.00 target price on shares of Flutter Entertainment in a research report on Thursday, June 12th. Finally, Macquarie restated an "outperform" rating and issued a $340.00 price objective (up 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 issued a strong buy rating to the company. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $308.67.

Insider Activity

In other news, Director Christine M. Mccarthy sold 264 shares of Flutter Entertainment stock in a transaction that occurred on Thursday, June 5th. The stock was sold at an average price of $244.12, for a total value of $64,447.68. Following the completion of the transaction, the director owned 559 shares in the company, valued at approximately $136,463.08. This trade represents a 32.08% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Holly K. Koeppel sold 267 shares of the firm's stock in a transaction that occurred on Wednesday, June 4th. The stock was sold at an average price of $245.36, for a total value of $65,511.12. Following the completion of the sale, the director directly owned 2,556 shares in the company, valued at approximately $627,140.16. This trade represents a 9.46% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 7,770 shares of company stock worth $1,894,934 over the last quarter.

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.