Phoenix Financial Ltd. Invests $2.11 Million in Flutter Entertainment PLC (NYSE:FLUT)

Key Points

• Phoenix Financial Ltd. has invested $2.11 million in Flutter Entertainment PLC, acquiring 9,542 shares during the first quarter.
• Flutter Entertainment's stock has shown a 12-month price range between $175.59 and $309.77, with a current market cap of $53.86 billion.
• Equities analysts have assigned a consensus rating of "Moderate Buy" for Flutter Entertainment, with an average target price of $322.10.

Phoenix Financial Ltd. purchased a new position in shares of Flutter Entertainment PLC (NYSE:FLUT - Free Report) in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 9,542 shares of the company's stock, valued at approximately $2,114,000.

Other institutional investors also recently modified their holdings of the company. GPS Wealth Strategies Group LLC boosted its position in shares of Flutter Entertainment by 1,375.0% during the 1st quarter. GPS Wealth Strategies Group LLC now owns 118 shares of the company's stock worth $26,000 after purchasing an additional 110 shares in the last quarter. Tower Research Capital LLC TRC purchased a new position in shares of Flutter Entertainment during the 4th quarter valued at $33,000. Parallel Advisors LLC grew its stake in shares of Flutter Entertainment by 78.9% during the first quarter. Parallel Advisors LLC now owns 136 shares of the company's stock valued at $30,000 after buying an additional 60 shares during the last quarter. TD Waterhouse Canada Inc. bought a new position in shares of Flutter Entertainment during the fourth quarter valued at about $36,000. Finally, Farther Finance Advisors LLC boosted its holdings in shares of Flutter Entertainment by 90.6% during the first quarter. Farther Finance Advisors LLC now owns 183 shares of the company's stock worth $41,000 after purchasing an additional 87 shares during the period.

Flutter Entertainment Stock Performance

Shares of NYSE:FLUT traded up $0.18 during midday trading on Wednesday, reaching $305.42. The company's stock had a trading volume of 1,002,478 shares, compared to its average volume of 2,317,090. The firm has a market capitalization of $53.96 billion and a PE ratio of 105.66. Flutter Entertainment PLC has a twelve month low of $175.59 and a twelve month high of $309.77. The stock has a fifty day moving average of $274.05 and a 200 day moving average of $258.04. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.67.

Flutter Entertainment (NYSE:FLUT - Get Free Report) last released 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). The firm had revenue of $3.67 billion for the quarter, compared to analyst estimates of $3.06 billion. Flutter Entertainment had a net margin of 4.17% and a return on equity of 11.76%. The firm's quarterly revenue was up 7.9% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.10 EPS. On average, equities analysts expect that Flutter Entertainment PLC will post 4.17 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the stock. Citizens Jmp dropped their target price on shares of Flutter Entertainment from $328.00 to $317.00 and set an "outperform" rating for the company in a report on Monday, April 14th. Bank of America increased their target price on shares of Flutter Entertainment from $295.00 to $330.00 and gave the stock a "buy" rating in a report on Friday, July 11th. BTIG Research decreased their price target on shares of Flutter Entertainment from $323.00 to $289.00 and set a "buy" rating for the company in a research note on Tuesday, April 22nd. Truist Financial set a $340.00 price target on shares of Flutter Entertainment and gave the stock a "buy" rating in a research note on Wednesday, July 16th. Finally, Macquarie reissued an "outperform" rating and issued a $340.00 price target (up from $330.00) on shares of Flutter Entertainment in a research note on Thursday, May 8th. Two research 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 stock. According to data from MarketBeat.com, Flutter Entertainment currently has a consensus rating of "Moderate Buy" and an average target price of $322.10.

Insider Buying and Selling at Flutter Entertainment

In other Flutter Entertainment news, COO James Philip Bishop sold 3,000 shares of the stock in a transaction on Friday, May 9th. The shares were 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 of the company's stock, 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 document filed with the SEC, which is accessible through this hyperlink. Also, CEO Amy Howe sold 2,315 shares of the stock in a transaction on Friday, May 9th. The shares were sold at an average price of $243.50, for a total transaction of $563,702.50. Following the transaction, the chief executive officer directly owned 73,947 shares in the company, valued at approximately $18,006,094.50. The trade was a 3.04% 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 Company 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.