Laurion Capital Management LP Sells 1,977 Shares of Flutter Entertainment plc (NYSE:FLUT)

Laurion Capital Management LP lowered its stake in shares of Flutter Entertainment plc (NYSE:FLUT - Free Report) by 10.4% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 17,108 shares of the company's stock after selling 1,977 shares during the quarter. Laurion Capital Management LP's holdings in Flutter Entertainment were worth $4,422,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of FLUT. UMB Bank n.a. lifted its position in Flutter Entertainment by 58.8% during the fourth quarter. UMB Bank n.a. now owns 135 shares of the company's stock valued at $35,000 after buying an additional 50 shares in the last quarter. Harbor Investment Advisory LLC raised its stake in shares of Flutter Entertainment by 64.1% in the 4th quarter. Harbor Investment Advisory LLC now owns 128 shares of the company's stock valued at $33,000 after acquiring an additional 50 shares during the period. Seelaus Asset Management LLC lifted its holdings in shares of Flutter Entertainment by 6.4% during the 4th quarter. Seelaus Asset Management LLC now owns 914 shares of the company's stock valued at $236,000 after acquiring an additional 55 shares in the last quarter. Ritholtz Wealth Management boosted its position in Flutter Entertainment by 3.5% during the 4th quarter. Ritholtz Wealth Management now owns 1,725 shares of the company's stock worth $446,000 after purchasing an additional 59 shares during the period. Finally, Farther Finance Advisors LLC increased its holdings in Flutter Entertainment by 585.7% in the 4th quarter. Farther Finance Advisors LLC now owns 96 shares of the company's stock valued at $25,000 after purchasing an additional 82 shares in the last quarter.

Insider Activity at Flutter Entertainment

In other news, CEO Amy Howe sold 11,814 shares of Flutter Entertainment 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 approximately $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 accessible through this link. Also, COO James Philip Bishop sold 3,000 shares of the stock in a transaction that occurred on Friday, May 9th. The stock was sold at an average price of $243.20, for a total value of $729,600.00. Following the sale, the chief operating officer now owns 4,712 shares in the company, valued at approximately $1,145,958.40. This trade represents a 38.90% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 42,156 shares of company stock valued at $10,926,922 in the last 90 days.

Analysts Set New Price Targets

Several equities analysts recently commented on FLUT shares. Benchmark reissued a "buy" rating and set a $300.00 price target on shares of Flutter Entertainment in a research report on Monday, April 21st. Barclays reduced their price objective on Flutter Entertainment from $300.00 to $293.00 and set an "overweight" rating for the company in a research report on Thursday, May 8th. UBS Group raised their target price on Flutter Entertainment from $335.00 to $340.00 and gave the company a "buy" rating in a research report on Thursday, March 6th. Truist Financial lowered their target price on shares of Flutter Entertainment from $330.00 to $280.00 and set a "buy" rating on the stock in a research note on Wednesday, April 23rd. Finally, Stifel Nicolaus dropped their price target on shares of Flutter Entertainment from $320.00 to $315.00 and set a "buy" rating on the stock in a research report on Tuesday, April 22nd. Twenty equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Flutter Entertainment currently has an average rating of "Buy" and an average target price of $306.28.

Flutter Entertainment Stock Performance

FLUT stock traded up $4.84 during trading on Friday, reaching $248.94. 1,048,772 shares of the stock were exchanged, compared to its average volume of 2,101,747. Flutter Entertainment plc has a twelve month low of $174.03 and a twelve month high of $299.73. The company has a current ratio of 0.89, a quick ratio of 0.89 and a debt-to-equity ratio of 0.66. The company has a market capitalization of $43.98 billion and a P/E ratio of 86.14. The stock has a 50 day simple moving average of $233.60 and a 200-day simple moving average of $253.91.

Flutter Entertainment (NYSE:FLUT - Get Free Report) last announced its quarterly earnings results 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 during the quarter, compared to the consensus estimate of $3.06 billion. Flutter Entertainment had a negative net margin of 6.86% and a negative return on equity of 4.52%. The company's quarterly revenue was up 7.9% compared to the same quarter last year. During the same period last year, the firm earned $0.10 EPS. As a group, sell-side analysts anticipate that Flutter Entertainment plc will post 4.17 earnings per share for the current year.

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.