Flutter Entertainment plc (NYSE:FLUT) Shares Bought by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in shares of Flutter Entertainment plc (NYSE:FLUT - Free Report) by 27.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 322,025 shares of the company's stock after buying an additional 68,675 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 0.18% of Flutter Entertainment worth $83,227,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in FLUT. UMB Bank n.a. boosted its position in shares of Flutter Entertainment by 58.8% during the 4th quarter. UMB Bank n.a. now owns 135 shares of the company's stock worth $35,000 after purchasing an additional 50 shares during the period. Atomi Financial Group Inc. boosted its position in shares of Flutter Entertainment by 31.1% during the fourth quarter. Atomi Financial Group Inc. now owns 1,399 shares of the company's stock worth $362,000 after buying an additional 332 shares during the period. Raleigh Capital Management Inc. acquired a new stake in shares of Flutter Entertainment in the fourth quarter valued at $26,000. Geneos Wealth Management Inc. purchased a new stake in shares of Flutter Entertainment in the 4th quarter valued at $39,000. Finally, KBC Group NV raised its holdings in shares of Flutter Entertainment by 22.3% in the 4th quarter. KBC Group NV now owns 10,790 shares of the company's stock valued at $2,788,000 after buying an additional 1,970 shares during the period.

Insider Buying and Selling at Flutter Entertainment

In related news, Director Jeremy Peter Jackson sold 25,027 shares of the business's stock in a transaction dated Thursday, March 6th. The stock was sold at an average price of $261.96, for a total value of $6,556,072.92. Following the transaction, the director now owns 21,148 shares in the company, valued at $5,539,930.08. The trade was a 54.20% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CEO Amy Howe sold 2,315 shares of the company's stock in a transaction that occurred on Friday, May 9th. The shares were sold at an average price of $243.50, for a total value of $563,702.50. Following the sale, the chief executive officer now directly owns 73,947 shares of the company's stock, valued at approximately $18,006,094.50. This represents 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 42,156 shares of company stock worth $10,926,922.

Wall Street Analyst Weigh In

FLUT has been the subject of several research reports. Benchmark reaffirmed a "buy" rating and issued a $300.00 target price on shares of Flutter Entertainment in a research report on Monday, April 21st. UBS Group upped their target price on shares of Flutter Entertainment from $335.00 to $340.00 and gave the stock a "buy" rating in a research note on Thursday, March 6th. 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 report on Tuesday, April 22nd. Barclays dropped their price target on shares of Flutter Entertainment from $300.00 to $293.00 and set an "overweight" rating for the company in a research note on Thursday, May 8th. Finally, JMP Securities reduced their price objective on Flutter Entertainment from $328.00 to $317.00 and set a "market outperform" rating on the stock in a research note on Monday, April 14th. Twenty equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Buy" and an average price target of $306.28.

Flutter Entertainment Stock Up 0.7%

NYSE:FLUT traded up $1.83 during midday trading on Wednesday, hitting $247.05. 1,154,561 shares of the company were exchanged, compared to its average volume of 1,876,747. Flutter Entertainment plc has a fifty-two week low of $174.03 and a fifty-two week high of $299.73. The company has a market capitalization of $43.65 billion and a PE ratio of 85.48. The company has a current ratio of 0.89, a quick ratio of 0.89 and a debt-to-equity ratio of 0.66. The company has a fifty day simple moving average of $234.84 and a 200 day simple moving average of $254.58.

Flutter Entertainment (NYSE:FLUT - Get Free Report) last issued its quarterly earnings data on Wednesday, May 7th. The company reported $1.59 earnings per share (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 analysts' expectations of $3.06 billion. Flutter Entertainment had a negative return on equity of 4.52% and a negative net margin of 6.86%. The business's revenue for the quarter was up 7.9% compared to the same quarter last year. During the same period in the previous year, the business posted $0.10 EPS. As a group, equities analysts anticipate 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.