AQR Capital Management LLC Grows Position in Flutter Entertainment plc (NYSE:FLUT)

AQR Capital Management LLC boosted its holdings in Flutter Entertainment plc (NYSE:FLUT - Free Report) by 96.1% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 131,401 shares of the company's stock after buying an additional 64,394 shares during the quarter. AQR Capital Management LLC owned approximately 0.07% of Flutter Entertainment worth $33,961,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of FLUT. AdvisorShares Investments LLC acquired a new position in Flutter Entertainment during the 4th quarter worth approximately $336,000. Lone Pine Capital LLC acquired a new position in shares of Flutter Entertainment during the fourth quarter worth $494,291,000. Candlestick Capital Management LP bought a new position in shares of Flutter Entertainment in the 4th quarter valued at $50,325,000. California State Teachers Retirement System boosted its holdings in shares of Flutter Entertainment by 32.7% during the 4th quarter. California State Teachers Retirement System now owns 274,300 shares of the company's stock valued at $70,893,000 after acquiring an additional 67,668 shares in the last quarter. Finally, Northern Trust Corp increased its holdings in Flutter Entertainment by 36.9% in the 4th quarter. Northern Trust Corp now owns 608,457 shares of the company's stock worth $157,256,000 after purchasing an additional 164,023 shares in the last quarter.

Insider Buying and Selling

In related news, Director Jeremy Peter Jackson sold 25,027 shares of the company's stock in a transaction 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 completion of the transaction, the director now directly owns 21,148 shares in the company, valued at approximately $5,539,930.08. The trade was a 54.20 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Amy Howe sold 11,814 shares of the stock in a transaction dated 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 transaction, the chief executive officer now owns 62,941 shares in the company, valued at $16,396,130.50. This trade represents a 15.80 % decrease in their ownership of the stock. The disclosure for this sale can be found here.

Flutter Entertainment Price Performance

NYSE:FLUT traded down $3.72 during trading hours on Tuesday, hitting $245.53. The stock had a trading volume of 1,522,766 shares, compared to its average volume of 1,828,857. The firm has a market capitalization of $43.39 billion and a price-to-earnings ratio of 1,116.03. Flutter Entertainment plc has a one year low of $174.03 and a one year high of $299.73. The company has a 50 day simple moving average of $236.55 and a two-hundred day simple moving average of $253.42. The company has a debt-to-equity ratio of 0.66, a current ratio of 0.89 and a quick ratio of 0.89.

Analyst Ratings Changes

FLUT has been the topic of several research reports. Peel Hunt upgraded Flutter Entertainment from a "hold" rating to an "add" rating in a report on Monday, March 10th. Barclays cut their price target on shares of Flutter Entertainment from $308.00 to $300.00 and set an "overweight" rating on the stock in a report on Tuesday, April 22nd. JMP Securities decreased their price objective on Flutter Entertainment from $328.00 to $317.00 and set a "market outperform" rating for the company in a report on Monday, April 14th. UBS Group lifted their target price on Flutter Entertainment from $335.00 to $340.00 and gave the stock a "buy" rating in a report on Thursday, March 6th. Finally, Benchmark reissued a "buy" rating and issued a $300.00 price target on shares of Flutter Entertainment in a research note on Monday, April 21st. Twenty investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Buy" and an average target price of $306.67.

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.