Gerber Kawasaki Wealth & Investment Management acquired a new position in shares of Flutter Entertainment plc (NYSE:FLUT - Free Report) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 4,428 shares of the company's stock, valued at approximately $1,144,000.
Other hedge funds and other institutional investors have also modified their holdings of the company. Harvest Fund Management Co. Ltd bought a new position in Flutter Entertainment during the fourth quarter valued at about $25,000. Farther Finance Advisors LLC raised its holdings in Flutter Entertainment by 585.7% during the fourth quarter. Farther Finance Advisors LLC now owns 96 shares of the company's stock valued at $25,000 after buying an additional 82 shares in the last quarter. Raleigh Capital Management Inc. bought a new position in Flutter Entertainment during the fourth quarter valued at about $26,000. BOCHK Asset Management Ltd bought a new position in Flutter Entertainment during the fourth quarter valued at about $26,000. Finally, IFP Advisors Inc grew its position in shares of Flutter Entertainment by 244.1% in the fourth quarter. IFP Advisors Inc now owns 117 shares of the company's stock valued at $31,000 after purchasing an additional 83 shares during the last quarter.
Flutter Entertainment Trading Up 0.8 %
NYSE:FLUT traded up $1.96 during mid-day trading on Wednesday, hitting $240.58. The company had a trading volume of 1,301,540 shares, compared to its average volume of 1,814,915. The firm has a market cap of $42.70 billion and a P/E ratio of 1,093.55. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.89 and a current ratio of 0.89. The business's fifty day moving average is $238.42 and its two-hundred day moving average is $252.84. Flutter Entertainment plc has a fifty-two week low of $174.03 and a fifty-two week high of $299.73.
Insider Activity
In other news, CEO Amy Howe sold 11,814 shares of the company'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 transaction, the chief executive officer now owns 62,941 shares in the company, valued at $16,396,130.50. This represents a 15.80 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Jeremy Peter Jackson sold 25,027 shares of the stock in a transaction on Thursday, March 6th. The shares were 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 owns 21,148 shares of the company's stock, valued at approximately $5,539,930.08. This represents a 54.20 % decrease in their position. The disclosure for this sale can be found here.
Analyst Upgrades and Downgrades
FLUT has been the subject of several research analyst reports. Truist Financial cut their price objective on Flutter Entertainment from $330.00 to $280.00 and set a "buy" rating for the company in a research report on Wednesday, April 23rd. Peel Hunt upgraded Flutter Entertainment from a "hold" rating to an "add" rating in a report on Monday, March 10th. UBS Group upped their price target on Flutter Entertainment from $335.00 to $340.00 and gave the stock a "buy" rating in a report on Thursday, March 6th. JMP Securities cut their price target 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. Finally, Barclays cut their price target on Flutter Entertainment from $308.00 to $300.00 and set an "overweight" 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 given a strong buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Buy" and an average price target 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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