Flutter Entertainment plc (NYSE:FLUT) Stock Holdings Trimmed by Point72 Asset Management L.P.

Point72 Asset Management L.P. lowered its stake in shares of Flutter Entertainment plc (NYSE:FLUT - Free Report) by 5.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 554,684 shares of the company's stock after selling 29,199 shares during the period. Point72 Asset Management L.P. owned 0.31% of Flutter Entertainment worth $143,358,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the company. UMB Bank n.a. boosted its holdings in shares of Flutter Entertainment by 58.8% in the 4th quarter. UMB Bank n.a. now owns 135 shares of the company's stock valued at $35,000 after purchasing an additional 50 shares during the last quarter. Harbor Investment Advisory LLC grew its position in Flutter Entertainment by 64.1% during the fourth 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 raised its holdings in shares of Flutter Entertainment by 6.4% in the 4th quarter. Seelaus Asset Management LLC now owns 914 shares of the company's stock worth $236,000 after purchasing an additional 55 shares during the period. Ritholtz Wealth Management raised its holdings in shares of Flutter Entertainment by 3.5% in 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 lifted its stake 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 valued at $25,000 after purchasing an additional 82 shares in the last quarter.

Insider Activity

In related news, CEO Amy Howe sold 2,315 shares of the company's stock in a transaction on Friday, May 9th. The stock was sold at an average price of $243.50, for a total transaction of $563,702.50. Following the completion of the transaction, the chief executive officer now directly owns 73,947 shares in the company, valued at $18,006,094.50. This represents a 3.04% decrease in their position. 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 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 completion of the sale, the director now owns 21,148 shares in the company, valued at $5,539,930.08. The trade was a 54.20% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 42,156 shares of company stock valued at $10,926,922.

Flutter Entertainment Stock Down 1.0%

Flutter Entertainment stock traded down $2.60 during midday trading on Tuesday, hitting $246.76. The stock had a trading volume of 528,216 shares, compared to its average volume of 2,080,405. The stock has a market cap of $43.60 billion and a P/E ratio of 85.36. The business has a fifty day moving average price of $234.25 and a 200 day moving average price of $254.45. 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 12 month low of $174.03 and a 12 month high of $299.73.

Flutter Entertainment (NYSE:FLUT - Get Free Report) last posted 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 firm had revenue of $3.67 billion for the quarter, compared to analyst estimates of $3.06 billion. Flutter Entertainment had a negative net margin of 6.86% and a negative return on equity of 4.52%. The business's revenue was up 7.9% on a year-over-year basis. During the same period in the prior year, the company posted $0.10 earnings per share. Research analysts predict that Flutter Entertainment plc will post 4.17 EPS for the current year.

Analysts Set New Price Targets

Several research analysts recently commented on the stock. UBS Group raised their price target on shares of Flutter Entertainment from $335.00 to $340.00 and gave the company a "buy" rating in a report on Thursday, March 6th. Peel Hunt raised shares of Flutter Entertainment from a "hold" rating to an "add" rating in a research report on Monday, March 10th. Truist Financial cut their price objective on Flutter Entertainment from $330.00 to $280.00 and set a "buy" rating on the stock in a research report on Wednesday, April 23rd. Benchmark reaffirmed a "buy" rating and issued a $300.00 target price on shares of Flutter Entertainment in a research report on Monday, April 21st. Finally, JMP Securities dropped their target price on Flutter Entertainment from $328.00 to $317.00 and set a "market outperform" rating on the stock in a report on Monday, April 14th. Twenty equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Buy" and a consensus price target of $306.28.

Flutter Entertainment Company 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.