Price T Rowe Associates Inc. MD Trims Stock Position in Flutter Entertainment plc (NYSE:FLUT)

Price T Rowe Associates Inc. MD lowered its holdings in Flutter Entertainment plc (NYSE:FLUT - Free Report) by 19.4% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 63,080 shares of the company's stock after selling 15,183 shares during the quarter. Price T Rowe Associates Inc. MD's holdings in Flutter Entertainment were worth $16,304,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of FLUT. Harvest Fund Management Co. Ltd purchased a new stake in Flutter Entertainment in the 4th quarter valued at about $25,000. Farther Finance Advisors LLC raised 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 acquiring an additional 82 shares during the period. Raleigh Capital Management Inc. acquired a new position in shares of Flutter Entertainment in the 4th quarter worth approximately $26,000. BOCHK Asset Management Ltd purchased a new position in shares of Flutter Entertainment during the 4th quarter worth approximately $26,000. Finally, IFP Advisors Inc increased 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 purchasing an additional 83 shares during the last quarter.

Insider Transactions at Flutter Entertainment

In other Flutter Entertainment news, Director Jeremy Peter Jackson sold 25,027 shares of the business's stock in a transaction that occurred on 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 transaction, the director now owns 21,148 shares in the company, valued at approximately $5,539,930.08. The trade was a 54.20 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 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 value of $3,077,547.00. Following the completion of the transaction, the chief executive officer now owns 62,941 shares of the company's stock, valued at $16,396,130.50. The trade was a 15.80 % decrease in their position. The disclosure for this sale can be found here.

Analyst Ratings Changes

A number of research firms have commented on FLUT. Citigroup restated an "outperform" rating on shares of Flutter Entertainment in a research note on Wednesday, March 5th. Macquarie reaffirmed an "outperform" rating and issued a $340.00 target price on shares of Flutter Entertainment in a research report on Wednesday, March 5th. BTIG Research reduced their price target on shares of Flutter Entertainment from $323.00 to $289.00 and set a "buy" rating on the stock in a research report on Tuesday, April 22nd. Citizens Jmp dropped their price objective on shares of Flutter Entertainment from $328.00 to $317.00 and set an "outperform" rating for the company in a report on Monday, April 14th. Finally, Benchmark reiterated a "buy" rating and set a $300.00 target price on shares of Flutter Entertainment in a report on Monday, April 21st. Twenty research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Buy" and an average target price of $306.67.

Flutter Entertainment Stock Down 0.6 %

NYSE:FLUT traded down $1.49 during midday trading on Wednesday, hitting $243.93. 436,386 shares of the company were exchanged, compared to its average volume of 1,828,099. Flutter Entertainment plc has a fifty-two week low of $174.03 and a fifty-two week high of $299.73. The company has a market capitalization of $43.11 billion and a PE ratio of 1,108.30. 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 fifty day simple moving average of $236.02 and a 200 day simple moving average of $253.37.

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.