Teacher Retirement System of Texas Sells 224,594 Shares of Flutter Entertainment PLC (NYSE:FLUT)

Teacher Retirement System of Texas lessened its stake in Flutter Entertainment PLC (NYSE:FLUT - Free Report) by 40.7% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 327,227 shares of the company's stock after selling 224,594 shares during the period. Teacher Retirement System of Texas owned 0.18% of Flutter Entertainment worth $72,497,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of FLUT. Farther Finance Advisors LLC increased its position in shares of Flutter Entertainment by 585.7% during the 4th quarter. Farther Finance Advisors LLC now owns 96 shares of the company's stock valued at $25,000 after purchasing an additional 82 shares during the period. Harvest Fund Management Co. Ltd bought a new position in Flutter Entertainment during the fourth quarter valued at about $25,000. IFP Advisors Inc grew its holdings in Flutter Entertainment by 244.1% during the fourth quarter. IFP Advisors Inc now owns 117 shares of the company's stock worth $31,000 after acquiring an additional 83 shares during the period. GPS Wealth Strategies Group LLC raised its position in Flutter Entertainment by 1,375.0% in the first quarter. GPS Wealth Strategies Group LLC now owns 118 shares of the company's stock worth $26,000 after acquiring an additional 110 shares in the last quarter. Finally, Tower Research Capital LLC TRC bought a new stake in Flutter Entertainment in the fourth quarter worth about $33,000.

Analyst Ratings Changes

Several research firms have recently weighed in on FLUT. Sanford C. Bernstein started coverage on shares of Flutter Entertainment in a research report on Wednesday, June 4th. They set a "market perform" rating and a $275.00 price objective for the company. Peel Hunt raised shares of Flutter Entertainment from a "hold" rating to an "add" rating in a research note on Monday, March 10th. Hsbc Global Res upgraded shares of Flutter Entertainment to a "hold" rating in a research report on Wednesday, June 18th. JMP Securities reaffirmed a "market outperform" rating and issued a $301.00 price target on shares of Flutter Entertainment in a report on Thursday, June 12th. Finally, Barclays cut their price objective on Flutter Entertainment from $300.00 to $293.00 and set an "overweight" rating for the company in a research report on Thursday, May 8th. Two investment analysts have rated the stock with a hold rating, twenty-one have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $305.10.

Flutter Entertainment Stock Down 1.9%

NYSE:FLUT traded down $5.34 during trading hours on Friday, hitting $277.00. 1,138,206 shares of the company's stock traded hands, compared to its average volume of 2,091,884. The stock's fifty day moving average price is $255.84 and its two-hundred day moving average price is $253.35. The firm has a market cap of $48.94 billion and a P/E ratio of 95.85. 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.

Flutter Entertainment (NYSE:FLUT - Get Free Report) last issued its earnings results 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). The business had revenue of $3.67 billion during 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%. Flutter Entertainment's revenue for the quarter was up 7.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.10 EPS. On average, research analysts expect that Flutter Entertainment PLC will post 4.17 earnings per share for the current fiscal year.

Insider Transactions at Flutter Entertainment

In other Flutter Entertainment news, Director Nancy Cruickshank sold 281 shares of the business's stock in a transaction dated Wednesday, June 4th. The stock was sold at an average price of $245.71, for a total value of $69,044.51. Following the transaction, the director owned 1,797 shares in the company, valued at $441,540.87. The trade was a 13.52% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director John A. Bryant sold 418 shares of the company's stock in a transaction dated Wednesday, June 4th. The stock was sold at an average price of $245.71, for a total value of $102,706.78. Following the completion of the transaction, the director directly owned 5,956 shares in the company, valued at approximately $1,463,448.76. The trade was a 6.56% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 7,770 shares of company stock worth $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.