Public Employees Retirement Association of Colorado Raises Stock Position in Flutter Entertainment plc (NYSE:FLUT)

Public Employees Retirement Association of Colorado boosted its stake in Flutter Entertainment plc (NYSE:FLUT - Free Report) by 48.4% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 18,152 shares of the company's stock after buying an additional 5,923 shares during the quarter. Public Employees Retirement Association of Colorado's holdings in Flutter Entertainment were worth $4,691,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Virtu Financial LLC grew its holdings in shares of Flutter Entertainment by 56.2% in the third quarter. Virtu Financial LLC now owns 7,371 shares of the company's stock valued at $1,749,000 after acquiring an additional 2,652 shares in the last quarter. Lord Abbett & CO. LLC bought a new position in Flutter Entertainment in the 3rd quarter valued at $24,464,000. Harbour Capital Advisors LLC purchased a new stake in shares of Flutter Entertainment during the 4th quarter valued at $505,000. Benson Investment Management Company Inc. bought a new stake in shares of Flutter Entertainment during the 4th quarter worth $5,116,000. Finally, SeaCrest Wealth Management LLC purchased a new position in shares of Flutter Entertainment in the 4th quarter worth about $390,000.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the stock. Peel Hunt upgraded shares of Flutter Entertainment from a "hold" rating to an "add" rating in a research note on Monday, March 10th. Stifel Nicolaus dropped their price objective on Flutter Entertainment from $320.00 to $315.00 and set a "buy" rating on the stock in a research note on Tuesday, April 22nd. Barclays reduced their price objective on Flutter Entertainment from $308.00 to $300.00 and set an "overweight" rating for the company in a report on Tuesday, April 22nd. Macquarie restated an "outperform" rating and issued a $340.00 target price on shares of Flutter Entertainment in a research note on Wednesday, March 5th. Finally, Benchmark reiterated a "buy" rating and set a $300.00 price target on shares of Flutter Entertainment in a research note on Monday, April 21st. Twenty 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 data from MarketBeat.com, the stock currently has a consensus rating of "Buy" and a consensus price target of $306.67.

Insiders Place Their Bets

In other Flutter Entertainment news, CEO Amy Howe sold 11,814 shares of the business's stock in a transaction dated Thursday, March 6th. The shares were 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 owns 62,941 shares in the company, valued at approximately $16,396,130.50. The trade was a 15.80 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Jeremy Peter Jackson sold 25,027 shares of the 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 sale, the director now owns 21,148 shares of the company's stock, valued at approximately $5,539,930.08. This represents a 54.20 % decrease in their ownership of the stock. The disclosure for this sale can be found here.

Flutter Entertainment Trading Up 2.6 %

Shares of FLUT traded up $6.29 during trading hours on Friday, hitting $248.40. The company had a trading volume of 1,354,624 shares, compared to its average volume of 1,822,809. The firm has a market cap of $43.90 billion and a P/E ratio of 1,129.09. Flutter Entertainment plc has a 52-week low of $174.03 and a 52-week high of $299.73. The stock's 50 day moving average price is $237.02 and its 200 day moving average price is $253.00. 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.