Flutter Entertainment plc (NYSE:FLUT) Shares Purchased by Noked Israel Ltd

Noked Israel Ltd lifted its position in shares of Flutter Entertainment plc (NYSE:FLUT - Free Report) by 20.0% during the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 60,000 shares of the company's stock after buying an additional 10,000 shares during the period. Flutter Entertainment accounts for approximately 3.1% of Noked Israel Ltd's portfolio, making the stock its 9th largest holding. Noked Israel Ltd's holdings in Flutter Entertainment were worth $15,507,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of the company. Harvest Fund Management Co. Ltd purchased a new position in Flutter Entertainment during the fourth quarter worth approximately $25,000. Farther Finance Advisors LLC raised its stake in Flutter Entertainment by 585.7% during the fourth quarter. Farther Finance Advisors LLC now owns 96 shares of the company's stock worth $25,000 after purchasing an additional 82 shares during the period. BOCHK Asset Management Ltd purchased a new position in Flutter Entertainment during the fourth quarter worth approximately $26,000. Raleigh Capital Management Inc. purchased a new position in Flutter Entertainment during the fourth quarter worth approximately $26,000. Finally, IFP Advisors Inc raised its stake 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 purchasing an additional 83 shares during the period.

Flutter Entertainment Trading Up 2.1%

Shares of FLUT stock traded up $5.13 during trading hours on Friday, reaching $249.23. 1,501,755 shares of the stock traded hands, compared to its average volume of 1,864,910. Flutter Entertainment plc has a 1-year low of $174.03 and a 1-year high of $299.73. The business has a fifty day moving average price of $233.96 and a 200 day moving average price of $254.05. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 0.66. The firm has a market capitalization of $44.04 billion and a PE ratio of 86.24.

Flutter Entertainment (NYSE:FLUT - Get Free Report) last announced its quarterly earnings data on Wednesday, May 7th. The company reported $1.59 EPS for the quarter, missing analysts' consensus estimates of $1.89 by ($0.30). Flutter Entertainment had a negative net margin of 6.86% and a negative return on equity of 4.52%. The company had revenue of $3.67 billion for the quarter, compared to analysts' expectations of $3.06 billion. During the same period in the previous year, the firm posted $0.10 earnings per share. The business's revenue for the quarter was up 7.9% on a year-over-year basis. On average, equities research analysts forecast that Flutter Entertainment plc will post 4.17 EPS for the current year.

Insider Activity at Flutter Entertainment

In other Flutter Entertainment news, CEO Amy Howe sold 11,814 shares of the business's stock in a transaction that occurred on Thursday, March 6th. The shares were sold at an average price of $260.50, for a total value of $3,077,547.00. Following the completion of the sale, the chief executive officer now directly owns 62,941 shares of the company's stock, valued at $16,396,130.50. The trade was a 15.80% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Jeremy Peter Jackson sold 25,027 shares of the business's stock in a transaction that occurred on Thursday, March 6th. The stock was sold at an average price of $261.96, for a total transaction of $6,556,072.92. Following the completion of the sale, the director now directly owns 21,148 shares of the company's stock, valued at $5,539,930.08. This represents a 54.20% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 42,156 shares of company stock valued at $10,926,922.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on FLUT shares. Peel Hunt raised shares of Flutter Entertainment from a "hold" rating to an "add" rating in a research note on Monday, March 10th. Citizens Jmp dropped their price objective on shares of Flutter Entertainment from $328.00 to $317.00 and set an "outperform" rating for the company in a research report on Monday, April 14th. Macquarie reissued an "outperform" rating and issued a $340.00 price objective (up previously from $330.00) on shares of Flutter Entertainment in a research report on Thursday, May 8th. Susquehanna dropped their price objective on shares of Flutter Entertainment from $317.00 to $315.00 and set a "positive" rating for the company in a research report on Wednesday, March 5th. Finally, Truist Financial dropped their price objective on shares of Flutter Entertainment from $330.00 to $280.00 and set a "buy" rating for the company in a research report on Wednesday, April 23rd. Twenty investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Buy" and a consensus target price of $306.28.

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.