Parallax Volatility Advisers L.P. Purchases Shares of 1,500 Flutter Entertainment plc (NYSE:FLUT)

Parallax Volatility Advisers L.P. acquired a new position in Flutter Entertainment plc (NYSE:FLUT - Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 1,500 shares of the company's stock, valued at approximately $388,000.

Other institutional investors also recently bought and sold shares of the company. Farther Finance Advisors LLC raised its position in Flutter Entertainment by 585.7% in the fourth quarter. Farther Finance Advisors LLC now owns 96 shares of the company's stock valued at $25,000 after purchasing an additional 82 shares during the period. Harvest Fund Management Co. Ltd acquired a new position in shares of Flutter Entertainment during the fourth quarter worth $25,000. Raleigh Capital Management Inc. acquired a new position in shares of Flutter Entertainment during the fourth quarter worth $26,000. BOCHK Asset Management Ltd purchased a new stake in shares of Flutter Entertainment in the 4th quarter valued at about $26,000. Finally, IFP Advisors Inc increased its position in Flutter Entertainment by 244.1% during the fourth quarter. IFP Advisors Inc now owns 117 shares of the company's stock worth $31,000 after buying an additional 83 shares during the period.

Insider Buying and Selling

In related news, CEO Amy Howe sold 11,814 shares of the firm'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 completion of the sale, 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 ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Jeremy Peter Jackson sold 25,027 shares of the firm's stock in a transaction dated Thursday, March 6th. The stock was sold at an average price of $261.96, for a total transaction of $6,556,072.92. Following the completion of the transaction, the director now directly 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.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on FLUT. BTIG Research lowered their target price on Flutter Entertainment from $323.00 to $289.00 and set a "buy" rating on the stock in a research note on Tuesday, April 22nd. Benchmark restated a "buy" rating and issued a $300.00 price objective on shares of Flutter Entertainment in a research report on Monday, April 21st. Stifel Nicolaus reduced their price objective on Flutter Entertainment from $320.00 to $315.00 and set a "buy" rating on the stock in a research report on Tuesday, April 22nd. Susquehanna reduced their target price on Flutter Entertainment from $317.00 to $315.00 and set a "positive" rating on the stock in a research report on Wednesday, March 5th. Finally, UBS Group lifted their price target on shares of Flutter Entertainment from $335.00 to $340.00 and gave the company a "buy" rating in a research report on Thursday, March 6th. Twenty equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Buy" and an average price target of $306.67.

Flutter Entertainment Stock Up 0.8 %

Shares of NYSE:FLUT traded up $1.96 during trading on Wednesday, hitting $240.58. The stock had a trading volume of 1,301,540 shares, compared to its average volume of 1,814,915. Flutter Entertainment plc has a 12 month low of $174.03 and a 12 month high of $299.73. The company has a market capitalization of $42.70 billion and a PE ratio of 1,093.55. The firm's fifty day moving average is $238.42 and its 200 day moving average is $252.84. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 0.66.

Flutter Entertainment Profile

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.