Worldquant Millennium Advisors LLC Has $3.82 Million Stock Position in Flutter Entertainment plc (NYSE:FLUT)

Worldquant Millennium Advisors LLC lifted its holdings in shares of Flutter Entertainment plc (NYSE:FLUT - Free Report) by 7.9% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 14,789 shares of the company's stock after buying an additional 1,089 shares during the period. Worldquant Millennium Advisors LLC's holdings in Flutter Entertainment were worth $3,822,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Whitebark Investors LP acquired a new stake in Flutter Entertainment in the 4th quarter valued at about $40,534,000. Zurich Insurance Group Ltd FI lifted its stake in Flutter Entertainment by 869.9% in the 4th quarter. Zurich Insurance Group Ltd FI now owns 262,119 shares of the company's stock valued at $67,745,000 after purchasing an additional 235,095 shares during the last quarter. Squarepoint Ops LLC lifted its stake in Flutter Entertainment by 151.2% in the 4th quarter. Squarepoint Ops LLC now owns 71,611 shares of the company's stock valued at $18,508,000 after purchasing an additional 43,101 shares during the last quarter. Twinbeech Capital LP acquired a new stake in Flutter Entertainment in the 4th quarter valued at about $7,013,000. Finally, Tidal Investments LLC acquired a new stake in Flutter Entertainment in the 4th quarter valued at about $661,000.

Wall Street Analyst Weigh In

FLUT has been the subject of several recent analyst reports. Susquehanna cut their target price on shares of Flutter Entertainment from $317.00 to $315.00 and set a "positive" rating for the company in a research note on Wednesday, March 5th. Wells Fargo & Company raised their target price on shares of Flutter Entertainment from $285.00 to $300.00 and gave the company an "overweight" rating in a research note on Wednesday, March 5th. Needham & Company LLC reiterated a "buy" rating and issued a $310.00 target price on shares of Flutter Entertainment in a research note on Thursday, May 8th. Barclays cut their price objective on shares of Flutter Entertainment from $300.00 to $293.00 and set an "overweight" rating for the company in a research report on Thursday, May 8th. Finally, Peel Hunt upgraded shares of Flutter Entertainment from a "hold" rating to an "add" rating in a research report on Monday, March 10th. Twenty research analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock currently has an average rating of "Buy" and an average target price of $306.28.

Flutter Entertainment Stock Performance

Shares of FLUT traded up $3.15 during mid-day trading on Friday, hitting $241.32. 1,188,062 shares of the company's stock were exchanged, compared to its average volume of 1,877,713. Flutter Entertainment plc has a 52 week low of $174.03 and a 52 week high of $299.73. The stock's 50-day simple moving average is $234.76 and its 200-day simple moving average is $254.46. The firm has a market cap of $42.64 billion and a price-to-earnings ratio of 83.50. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 0.66.

Flutter Entertainment (NYSE:FLUT - Get Free Report) last announced its 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). Flutter Entertainment had a negative return on equity of 4.52% and a negative net margin of 6.86%. The business had revenue of $3.67 billion for the quarter, compared to the consensus estimate of $3.06 billion. During the same period in the prior year, the business posted $0.10 earnings per share. The firm's revenue for the quarter was up 7.9% compared to the same quarter last year. On average, equities research analysts expect that Flutter Entertainment plc will post 4.17 EPS for the current year.

Insider Transactions at Flutter Entertainment

In related news, Director Jeremy Peter Jackson sold 25,027 shares of Flutter Entertainment stock in a transaction that occurred on Thursday, March 6th. The shares were sold at an average price of $261.96, for a total value of $6,556,072.92. Following the transaction, the director now directly owns 21,148 shares of the company's stock, valued at $5,539,930.08. This trade represents a 54.20% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, COO James Philip Bishop sold 3,000 shares of Flutter Entertainment stock in a transaction that occurred 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 completion of the transaction, the chief operating officer now directly owns 4,712 shares in the company, valued at $1,145,958.40. This trade represents a 38.90% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 42,156 shares of company stock valued at $10,926,922.

Flutter Entertainment 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.