SeaBridge Investment Advisors LLC Takes $958,000 Position in Flutter Entertainment PLC (NYSE:FLUT)

SeaBridge Investment Advisors LLC purchased a new stake in Flutter Entertainment PLC (NYSE:FLUT - Free Report) during the first quarter, according to its most recent filing with the SEC. The fund purchased 4,322 shares of the company's stock, valued at approximately $958,000.

A number of other institutional investors and hedge funds also recently bought and sold shares of FLUT. Atria Investments Inc purchased a new position in shares of Flutter Entertainment in the 4th quarter worth $204,000. Proficio Capital Partners LLC grew 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 buying an additional 1,152 shares in the last quarter. Raymond James Financial Inc. purchased a new position in shares of Flutter Entertainment in the 4th quarter worth $8,006,000. Farther Finance Advisors LLC grew its stake in shares of Flutter Entertainment by 585.7% in the 4th quarter. Farther Finance Advisors LLC now owns 96 shares of the company's stock worth $25,000 after buying an additional 82 shares in the last quarter. Finally, Commonwealth Equity Services LLC grew its stake in shares of Flutter Entertainment by 36.3% in the 4th quarter. Commonwealth Equity Services LLC now owns 1,776 shares of the company's stock worth $459,000 after buying an additional 473 shares in the last quarter.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the stock. 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. 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. BTIG Research dropped 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. Stifel Nicolaus lifted their price target on shares of Flutter Entertainment from $315.00 to $353.00 and gave the stock a "buy" rating in a research note on Wednesday. Finally, Bank of America boosted their price objective on shares of Flutter Entertainment from $295.00 to $330.00 and gave the company a "buy" rating in a research report on Friday, July 11th. Two 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 MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $318.52.

Insider Activity at Flutter Entertainment

In other Flutter Entertainment news, Director Holly K. Koeppel sold 267 shares of the business's stock in a transaction that occurred 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 sale, the director owned 2,556 shares of the company's stock, valued at approximately $627,140.16. The trade was a 9.46% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Christine M. Mccarthy sold 264 shares of the business's stock in a transaction that occurred on Thursday, June 5th. The stock was sold at an average price of $244.12, for a total transaction of $64,447.68. Following the sale, the director directly owned 559 shares in the company, valued at approximately $136,463.08. This represents a 32.08% 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 in the last 90 days.

Flutter Entertainment Stock Up 0.9%

Shares of NYSE FLUT traded up $2.63 during trading hours on Friday, hitting $307.42. 995,295 shares of the stock were exchanged, compared to its average volume of 2,105,627. 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 company has a market cap of $54.32 billion and a PE ratio of 106.21. The firm 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 12 month low of $175.59 and a 12 month high of $309.65.

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 the consensus estimate of $1.89 by ($0.30). The firm had revenue of $3.67 billion for the quarter, compared to the consensus estimate of $3.06 billion. Flutter Entertainment had a return on equity of 11.76% and a net margin of 4.17%. The company's revenue was up 7.9% compared to the same quarter last year. During the same quarter last year, the firm earned $0.10 EPS. On average, sell-side analysts expect that Flutter Entertainment PLC will post 4.17 EPS for the current 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.