Tudor Investment Corp ET AL lowered its holdings in shares of Flutter Entertainment plc (NYSE:FLUT - Free Report) by 22.7% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 85,230 shares of the company's stock after selling 25,092 shares during the period. Tudor Investment Corp ET AL's holdings in Flutter Entertainment were worth $22,028,000 as of its most recent SEC filing.
Several other hedge funds have also made changes to their positions in FLUT. Virtu Financial LLC boosted its stake in shares of Flutter Entertainment by 56.2% during the 3rd quarter. Virtu Financial LLC now owns 7,371 shares of the company's stock worth $1,749,000 after acquiring an additional 2,652 shares in the last quarter. Lord Abbett & CO. LLC acquired a new position in Flutter Entertainment in the third quarter valued at $24,464,000. Harbour Capital Advisors LLC purchased a new position in shares of Flutter Entertainment during the 4th quarter worth about $505,000. Benson Investment Management Company Inc. purchased a new stake in shares of Flutter Entertainment during the 4th quarter valued at $5,116,000. Finally, SeaCrest Wealth Management LLC acquired a new stake in Flutter Entertainment during the fourth quarter worth about $390,000.
Insider Activity at Flutter Entertainment
In related news, CEO Amy Howe sold 11,814 shares of the stock in a transaction on Thursday, March 6th. The stock was 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 directly owns 62,941 shares in the company, valued at $16,396,130.50. This trade represents a 15.80 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Jeremy Peter Jackson sold 25,027 shares of the firm's 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 completion of 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.
Flutter Entertainment Stock Performance
Flutter Entertainment stock traded up $1.96 during midday trading on Wednesday, hitting $240.58. The company's stock had a trading volume of 1,301,540 shares, compared to its average volume of 1,814,915. The company has a debt-to-equity ratio of 0.66, a current ratio of 0.89 and a quick ratio of 0.89. Flutter Entertainment plc has a 1-year low of $174.03 and a 1-year high of $299.73. The company has a 50-day moving average price of $238.42 and a two-hundred day moving average price of $252.84. The company has a market cap of $42.70 billion and a price-to-earnings ratio of 1,093.55.
Wall Street Analysts Forecast Growth
A number of research analysts have commented on FLUT shares. Macquarie reiterated an "outperform" rating and set a $340.00 price objective on shares of Flutter Entertainment in a research note on Wednesday, March 5th. Wells Fargo & Company lifted their price objective on shares of Flutter Entertainment from $285.00 to $300.00 and gave the company an "overweight" rating in a research report on Wednesday, March 5th. UBS Group raised their price target on Flutter Entertainment from $335.00 to $340.00 and gave the company a "buy" rating in a report on Thursday, March 6th. BTIG Research decreased their price target on Flutter Entertainment from $323.00 to $289.00 and set a "buy" rating for the company in a research note on Tuesday, April 22nd. Finally, Stifel Nicolaus reduced their target price 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 investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, Flutter Entertainment presently has a consensus rating of "Buy" and an average target price of $306.67.
Check Out Our Latest Stock Analysis on Flutter Entertainment
Flutter Entertainment Company Profile
(
Free Report)
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.
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