Nuveen Asset Management LLC Trims Stock Position in Flutter Entertainment plc (NYSE:FLUT)

Nuveen Asset Management LLC lowered its stake in Flutter Entertainment plc (NYSE:FLUT - Free Report) by 4.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,751,966 shares of the company's stock after selling 76,873 shares during the quarter. Nuveen Asset Management LLC owned about 0.99% of Flutter Entertainment worth $454,451,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of FLUT. UMB Bank n.a. lifted its holdings in shares of Flutter Entertainment by 58.8% in the 4th quarter. UMB Bank n.a. now owns 135 shares of the company's stock worth $35,000 after acquiring an additional 50 shares during the last quarter. Harbor Investment Advisory LLC raised its position in Flutter Entertainment by 64.1% in the fourth quarter. Harbor Investment Advisory LLC now owns 128 shares of the company's stock valued at $33,000 after purchasing an additional 50 shares during the period. Seelaus Asset Management LLC lifted its stake in Flutter Entertainment by 6.4% during the fourth quarter. Seelaus Asset Management LLC now owns 914 shares of the company's stock worth $236,000 after purchasing an additional 55 shares in the last quarter. Ritholtz Wealth Management lifted its stake in Flutter Entertainment by 3.5% during the fourth quarter. Ritholtz Wealth Management now owns 1,725 shares of the company's stock worth $446,000 after purchasing an additional 59 shares in the last quarter. Finally, Farther Finance Advisors LLC boosted its position in shares of 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 buying an additional 82 shares during the period.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on FLUT shares. Benchmark reiterated a "buy" rating and issued a $300.00 price objective on shares of Flutter Entertainment in a report on Monday, April 21st. BTIG Research dropped their target price on Flutter Entertainment from $323.00 to $289.00 and set a "buy" rating for the company in a research report on Tuesday, April 22nd. Susquehanna reduced their price target on shares of Flutter Entertainment from $317.00 to $315.00 and set a "positive" rating on the stock in a research report on Wednesday, March 5th. Citizens Jmp lowered 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 note on Monday, April 14th. Finally, Stifel Nicolaus dropped their price objective on shares of Flutter Entertainment from $320.00 to $315.00 and set a "buy" rating for the company in a report on Tuesday, April 22nd. Twenty research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Buy" and an average price target of $306.28.

Insiders Place Their Bets

In related news, COO James Philip Bishop sold 3,000 shares of the company's stock in a transaction dated Friday, May 9th. The stock was sold at an average price of $243.20, for a total value of $729,600.00. Following the completion of the sale, the chief operating officer now directly owns 4,712 shares of the company's stock, valued at $1,145,958.40. This represents a 38.90% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Jeremy Peter Jackson sold 25,027 shares of the firm'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 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. This represents a 54.20% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 42,156 shares of company stock valued at $10,926,922.

Flutter Entertainment Stock Up 2.1%

Flutter Entertainment stock traded up $5.13 during midday trading on Friday, reaching $249.23. The company's stock had a trading volume of 1,501,755 shares, compared to its average volume of 1,868,834. The company has a market cap of $44.04 billion and a P/E ratio of 86.24. 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 business has a 50-day simple moving average of $233.96 and a 200-day simple moving average of $254.17. Flutter Entertainment plc has a fifty-two week low of $174.03 and a fifty-two week high of $299.73.

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

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.