MQS Management LLC Purchases Shares of 1,425 Flutter Entertainment PLC (NYSE:FLUT)

MQS Management LLC acquired a new stake in Flutter Entertainment PLC (NYSE:FLUT - Free Report) in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 1,425 shares of the company's stock, valued at approximately $316,000.

Several other large investors have also modified their holdings of FLUT. Jones Financial Companies Lllp increased its holdings in shares of Flutter Entertainment by 151.0% in the fourth quarter. Jones Financial Companies Lllp now owns 389 shares of the company's stock valued at $101,000 after purchasing an additional 234 shares during the period. Steward Partners Investment Advisory LLC increased its stake in Flutter Entertainment by 895.5% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 438 shares of the company's stock valued at $113,000 after buying an additional 394 shares during the period. Atria Investments Inc purchased a new position in Flutter Entertainment during the 4th quarter worth $204,000. Proficio Capital Partners LLC lifted its stake in shares of Flutter Entertainment by 13.0% in the 4th quarter. Proficio Capital Partners LLC now owns 9,992 shares of the company's stock worth $2,582,000 after acquiring an additional 1,152 shares during the period. Finally, Raymond James Financial Inc. purchased a new stake in shares of Flutter Entertainment in the fourth quarter valued at about $8,006,000.

Insider Buying and Selling at Flutter Entertainment

In other Flutter Entertainment news, Director Holly K. Koeppel sold 267 shares of Flutter Entertainment stock in a transaction on Wednesday, June 4th. The shares were sold at an average price of $245.36, for a total transaction of $65,511.12. Following the completion of the sale, the director owned 2,556 shares of the company's stock, valued at $627,140.16. This trade represents a 9.46% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Alfred F. Hurley, Jr. sold 265 shares of the firm's stock in a transaction dated Thursday, June 5th. The stock was sold at an average price of $243.94, for a total value of $64,644.10. Following the sale, the director directly owned 3,518 shares of the company's stock, valued at $858,180.92. This trade represents a 7.01% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 7,770 shares of company stock valued at $1,894,934 in the last 90 days.

Wall Street Analyst Weigh In

A number of brokerages recently commented on FLUT. Needham & Company LLC restated a "buy" rating and issued a $310.00 price objective on shares of Flutter Entertainment in a research report on Tuesday, June 10th. Barclays restated an "overweight" rating and issued a $350.00 price target (up from $293.00) on shares of Flutter Entertainment in a research note on Friday. Bank of America raised their price objective on shares of Flutter Entertainment from $295.00 to $330.00 and gave the company a "buy" rating in a research note on Friday, July 11th. Canaccord Genuity Group assumed coverage on Flutter Entertainment in a report on Wednesday, June 25th. They set a "buy" rating and a $330.00 price objective for the company. Finally, Benchmark reiterated a "buy" rating and issued a $300.00 price objective on shares of Flutter Entertainment in a research report on Monday, April 21st. Two research analysts have rated the stock with a hold rating, twenty-two have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $318.52.

Flutter Entertainment Price Performance

NYSE:FLUT traded up $2.25 during mid-day trading on Friday, reaching $307.04. 1,176,007 shares of the stock were exchanged, compared to its average volume of 2,106,488. 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 business has a fifty day moving average price of $264.66 and a 200 day moving average price of $255.36. Flutter Entertainment PLC has a 1-year low of $175.59 and a 1-year high of $309.65. The firm has a market capitalization of $54.25 billion and a PE ratio of 106.25.

Flutter Entertainment (NYSE:FLUT - Get Free Report) last posted 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). The firm had revenue of $3.67 billion for the quarter, compared to analysts' expectations of $3.06 billion. Flutter Entertainment had a net margin of 4.17% and a return on equity of 11.76%. Flutter Entertainment's quarterly revenue was up 7.9% compared to the same quarter last year. During the same period in the prior year, the company posted $0.10 earnings per share. Research analysts expect that Flutter Entertainment PLC will post 4.17 earnings per share for the current fiscal year.

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.