GSA Capital Partners LLP Purchases 1,574 Shares of Flutter Entertainment PLC (NYSE:FLUT)

GSA Capital Partners LLP lifted its stake in shares of Flutter Entertainment PLC (NYSE:FLUT - Free Report) by 37.0% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 5,823 shares of the company's stock after purchasing an additional 1,574 shares during the quarter. GSA Capital Partners LLP's holdings in Flutter Entertainment were worth $1,290,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. GPS Wealth Strategies Group LLC increased its position in Flutter Entertainment by 1,375.0% in the 1st quarter. GPS Wealth Strategies Group LLC now owns 118 shares of the company's stock valued at $26,000 after acquiring an additional 110 shares during the period. Tower Research Capital LLC TRC acquired a new stake in Flutter Entertainment in the 4th quarter valued at approximately $33,000. Parallel Advisors LLC increased 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 acquiring an additional 60 shares during the period. TD Waterhouse Canada Inc. acquired a new stake in Flutter Entertainment in the 4th quarter valued at approximately $36,000. Finally, Farther Finance Advisors LLC increased its position in Flutter Entertainment by 90.6% in the 1st quarter. Farther Finance Advisors LLC now owns 183 shares of the company's stock valued at $41,000 after acquiring an additional 87 shares during the period.

Flutter Entertainment Stock Down 0.9%

Shares of NYSE:FLUT traded down $2.69 during midday trading on Friday, hitting $299.57. 2,003,913 shares of the stock were exchanged, compared to its average volume of 1,863,023. Flutter Entertainment PLC has a 52-week low of $175.59 and a 52-week high of $309.77. The business's fifty day simple moving average is $276.60 and its two-hundred day simple moving average is $258.67. The company has a debt-to-equity ratio of 0.67, a quick ratio of 0.95 and a current ratio of 0.95. The company has a market capitalization of $52.93 billion, a PE ratio of 103.66, a P/E/G ratio of 1.11 and a beta of 2.31.

Flutter Entertainment (NYSE:FLUT - Get Free Report) last posted its earnings results on Wednesday, May 7th. The company reported $1.59 earnings per share 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 the consensus estimate of $3.06 billion. During the same quarter last year, the business earned $0.10 earnings per share. Flutter Entertainment's quarterly revenue was up 7.9% on a year-over-year basis. As a group, research analysts predict that Flutter Entertainment PLC will post 4.17 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts recently commented on the company. Canaccord Genuity Group assumed coverage on Flutter Entertainment in a research report on Wednesday, June 25th. They issued a "buy" rating and a $330.00 target price on the stock. Sanford C. Bernstein started coverage on Flutter Entertainment in a research note on Wednesday, June 4th. They set a "market perform" rating and a $275.00 price target for the company. Stifel Nicolaus increased their price target on Flutter Entertainment from $315.00 to $353.00 and gave the company a "buy" rating in a research note on Wednesday, July 16th. Bank of America increased their price target on Flutter Entertainment from $295.00 to $330.00 and gave the company a "buy" rating in a research note on Friday, July 11th. Finally, Benchmark reaffirmed a "buy" rating and set a $300.00 price target on shares of Flutter Entertainment in a research note on Monday, April 21st. Two equities research analysts have rated the stock with a hold rating, twenty-two have given a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $322.10.

Insider Activity at Flutter Entertainment

In other Flutter Entertainment news, COO James Philip Bishop sold 3,000 shares of the firm's stock in a transaction dated Friday, May 9th. The stock was sold at an average price of $243.20, for a total transaction of $729,600.00. Following the transaction, the chief operating officer directly owned 4,712 shares in the company, valued at $1,145,958.40. This trade represents a 38.90% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Carolan Lennon sold 430 shares of Flutter Entertainment stock in a transaction dated Wednesday, June 4th. The stock was sold at an average price of $245.71, for a total value of $105,655.30. Following the completion of the transaction, the director owned 769 shares in the company, valued at $188,950.99. The trade was a 35.86% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 7,770 shares of company stock valued at $1,894,934.

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.