Northern Trust Corp Has $157.26 Million Stock Holdings in Flutter Entertainment plc (NYSE:FLUT)

Northern Trust Corp raised its stake in Flutter Entertainment plc (NYSE:FLUT - Free Report) by 36.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 608,457 shares of the company's stock after acquiring an additional 164,023 shares during the period. Northern Trust Corp owned approximately 0.34% of Flutter Entertainment worth $157,256,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of FLUT. Harvest Fund Management Co. Ltd bought a new stake in shares of Flutter Entertainment during the fourth quarter valued at approximately $25,000. Farther Finance Advisors LLC increased its holdings in shares of Flutter Entertainment by 585.7% in the 4th quarter. Farther Finance Advisors LLC now owns 96 shares of the company's stock worth $25,000 after purchasing an additional 82 shares in the last quarter. Raleigh Capital Management Inc. purchased a new stake in shares of Flutter Entertainment during the fourth quarter valued at $26,000. BOCHK Asset Management Ltd bought a new stake in Flutter Entertainment during the fourth quarter valued at approximately $26,000. Finally, IFP Advisors Inc boosted 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 worth $31,000 after purchasing an additional 83 shares during the period.

Analyst Ratings Changes

Several analysts have recently issued reports on FLUT shares. Benchmark reaffirmed a "buy" rating and set a $300.00 price objective on shares of Flutter Entertainment in a report on Monday, April 21st. Needham & Company LLC restated a "buy" rating and set a $310.00 target price on shares of Flutter Entertainment in a research report on Thursday. Peel Hunt raised Flutter Entertainment from a "hold" rating to an "add" rating in a research note on Monday, March 10th. Barclays cut their price target on shares of Flutter Entertainment from $308.00 to $300.00 and set an "overweight" rating on the stock in a report on Tuesday, April 22nd. Finally, JMP Securities decreased their price objective on shares of Flutter Entertainment from $328.00 to $317.00 and set a "market outperform" rating for the company in a report on Monday, April 14th. Twenty equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Buy" and a consensus price target of $306.67.

Insiders Place Their Bets

In related news, Director Jeremy Peter Jackson sold 25,027 shares of the stock in a transaction dated 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 in the company, valued at $5,539,930.08. This trade represents a 54.20 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Amy Howe sold 11,814 shares of the company's 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 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 Trading Up 1.1 %

Shares of Flutter Entertainment stock traded up $2.68 during trading hours on Thursday, reaching $245.04. The stock had a trading volume of 2,818,103 shares, compared to its average volume of 1,845,286. The company has a current ratio of 0.89, a quick ratio of 0.89 and a debt-to-equity ratio of 0.66. Flutter Entertainment plc has a 1 year low of $174.03 and a 1 year high of $299.73. The firm has a market capitalization of $43.31 billion and a price-to-earnings ratio of 1,111.02. The firm has a 50 day simple moving average of $235.25 and a two-hundred day simple moving average of $253.29.

Flutter Entertainment (NYSE:FLUT - Get Free Report) last announced its quarterly earnings data on Wednesday, May 7th. The company reported $1.59 earnings per share for the quarter, missing analysts' consensus estimates of $1.89 by ($0.30). Flutter Entertainment had a negative net margin of 6.86% and a negative return on equity of 4.52%. The business had revenue of $3.67 billion for the quarter, compared to the consensus estimate of $3.06 billion. During the same period in the prior year, the company earned $0.10 EPS. Flutter Entertainment's quarterly revenue was up 7.9% on a year-over-year basis. As a group, equities research 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.