Schonfeld Strategic Advisors LLC increased its position in Flutter Entertainment plc (NYSE:FLUT - Free Report) by 206.3% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 100,668 shares of the company's stock after buying an additional 67,800 shares during the period. Schonfeld Strategic Advisors LLC owned 0.06% of Flutter Entertainment worth $26,018,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. UMB Bank n.a. raised its holdings in shares of Flutter Entertainment by 58.8% during the 4th quarter. UMB Bank n.a. now owns 135 shares of the company's stock worth $35,000 after acquiring an additional 50 shares in the last quarter. Harbor Investment Advisory LLC raised its stake 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 purchasing an additional 50 shares in the last quarter. Seelaus Asset Management LLC lifted its position in Flutter Entertainment by 6.4% during the fourth quarter. Seelaus Asset Management LLC now owns 914 shares of the company's stock valued at $236,000 after purchasing an additional 55 shares during the last quarter. Ritholtz Wealth Management grew its stake 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 buying an additional 59 shares in the last quarter. Finally, 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 buying an additional 82 shares during the last quarter.
Insider Buying and Selling at Flutter Entertainment
In related news, 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 sale, the director now owns 21,148 shares of the company's stock, valued at $5,539,930.08. This trade represents a 54.20 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Amy Howe sold 11,814 shares of Flutter Entertainment 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 completion of the transaction, the chief executive officer now owns 62,941 shares in the company, valued at $16,396,130.50. This trade represents a 15.80 % decrease in their position. The disclosure for this sale can be found here.
Flutter Entertainment Stock Up 0.8 %
Shares of NYSE FLUT traded up $1.83 during midday trading on Thursday, reaching $242.82. 1,534,081 shares of the company's stock traded hands, compared to its average volume of 1,819,310. The company has a market cap of $42.92 billion and a price-to-earnings ratio of 1,103.71. The stock's 50 day simple moving average is $237.79 and its 200-day simple moving average is $252.76. 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 plc has a one year low of $174.03 and a one year high of $299.73.
Wall Street Analysts Forecast Growth
Several research analysts recently commented on FLUT shares. UBS Group lifted their price target on Flutter Entertainment from $335.00 to $340.00 and gave the stock a "buy" rating in a research report on Thursday, March 6th. Peel Hunt raised Flutter Entertainment from a "hold" rating to an "add" rating in a research report on Monday, March 10th. Truist Financial lowered their price target on Flutter Entertainment from $330.00 to $280.00 and set a "buy" rating for the company in a research report on Wednesday, April 23rd. Benchmark reiterated a "buy" rating and set a $300.00 price objective on shares of Flutter Entertainment in a research report on Monday, April 21st. Finally, Citigroup reissued an "outperform" rating on shares of Flutter Entertainment in a research note on Wednesday, March 5th. Twenty research analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, Flutter Entertainment presently has a consensus rating of "Buy" and an average price target of $306.67.
Check Out Our Latest Research Report on FLUT
Flutter Entertainment Company Profile
(
Free Report)
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.
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