MML Investors Services LLC lifted its position in shares of Flutter Entertainment plc (NYSE:FLUT - Free Report) by 101.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 7,140 shares of the company's stock after acquiring an additional 3,588 shares during the quarter. MML Investors Services LLC's holdings in Flutter Entertainment were worth $1,845,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also made changes to their positions in FLUT. Farther Finance Advisors LLC grew its stake in Flutter Entertainment by 585.7% during the 4th quarter. Farther Finance Advisors LLC now owns 96 shares of the company's stock valued at $25,000 after acquiring an additional 82 shares in the last quarter. Harvest Fund Management Co. Ltd acquired a new stake in shares of Flutter Entertainment in the fourth quarter valued at approximately $25,000. Raleigh Capital Management Inc. purchased a new position in Flutter Entertainment during the fourth quarter worth approximately $26,000. BOCHK Asset Management Ltd acquired a new position in Flutter Entertainment during the fourth quarter worth $26,000. Finally, IFP Advisors Inc grew its holdings in Flutter Entertainment by 244.1% in the 4th quarter. IFP Advisors Inc now owns 117 shares of the company's stock valued at $31,000 after buying an additional 83 shares in the last quarter.
Analyst Upgrades and Downgrades
Several research analysts have recently weighed in on FLUT shares. Needham & Company LLC upped their price objective on shares of Flutter Entertainment from $300.00 to $310.00 and gave the company a "buy" rating in a report on Wednesday, March 5th. Truist Financial decreased their price objective on Flutter Entertainment from $330.00 to $280.00 and set a "buy" rating on the stock in a report on Wednesday, April 23rd. Barclays reduced their target price on Flutter Entertainment from $308.00 to $300.00 and set an "overweight" rating on the stock in a research report on Tuesday, April 22nd. JMP Securities lowered 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, Susquehanna reduced their price objective on shares of Flutter Entertainment from $317.00 to $315.00 and set a "positive" rating on the stock in a report on Wednesday, March 5th. Twenty analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Buy" and a consensus price target of $306.67.
Read Our Latest Stock Report on Flutter Entertainment
Insider Buying and Selling
In other news, Director Jeremy Peter Jackson sold 25,027 shares of Flutter Entertainment 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 transaction, the director now directly owns 21,148 shares of the company's stock, valued at $5,539,930.08. The trade was a 54.20 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, 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 transaction of $3,077,547.00. Following the sale, the chief executive officer now owns 62,941 shares of the company's stock, valued at approximately $16,396,130.50. This represents a 15.80 % decrease in their position. The disclosure for this sale can be found here.
Flutter Entertainment Stock Up 2.6 %
NYSE FLUT traded up $6.29 during trading on Friday, reaching $248.40. 1,354,624 shares of the company's stock were exchanged, compared to its average volume of 1,822,809. The company has a 50 day moving average price of $237.02 and a two-hundred day moving average price of $253.00. The stock has a market cap of $43.90 billion and a P/E ratio of 1,129.09. Flutter Entertainment plc has a 1 year low of $174.03 and a 1 year high of $299.73. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.89 and a current ratio of 0.89.
Flutter Entertainment Company Profile
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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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