Sora Investors LLC Grows Position in Flutter Entertainment plc (NYSE:FLUT)

Sora Investors LLC raised its stake in Flutter Entertainment plc (NYSE:FLUT - Free Report) by 5.6% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 47,528 shares of the company's stock after buying an additional 2,528 shares during the quarter. Sora Investors LLC's holdings in Flutter Entertainment were worth $12,284,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of FLUT. Harvest Fund Management Co. Ltd acquired a new stake in shares of Flutter Entertainment during the fourth quarter worth about $25,000. Farther Finance Advisors LLC lifted its position in shares of Flutter Entertainment by 585.7% during the fourth quarter. Farther Finance Advisors LLC now owns 96 shares of the company's stock worth $25,000 after purchasing an additional 82 shares in the last quarter. BOCHK Asset Management Ltd acquired a new stake in shares of Flutter Entertainment during the fourth quarter worth about $26,000. Raleigh Capital Management Inc. acquired a new stake in shares of Flutter Entertainment during the fourth quarter worth about $26,000. Finally, IFP Advisors Inc lifted its position in shares of 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 purchasing an additional 83 shares in the last quarter.

Flutter Entertainment Stock Up 0.1%

Flutter Entertainment stock traded up $0.15 during mid-day trading on Monday, hitting $249.16. The company had a trading volume of 1,186,736 shares, compared to its average volume of 1,866,105. The stock has a market cap of $44.02 billion and a price-to-earnings ratio of 86.21. Flutter Entertainment plc has a 1 year low of $174.03 and a 1 year high of $299.73. The business has a fifty day moving average of $233.96 and a 200 day moving average of $254.32. 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 (NYSE:FLUT - Get Free Report) last posted its quarterly earnings data on Wednesday, May 7th. The company reported $1.59 earnings per share for the quarter, missing the consensus estimate of $1.89 by ($0.30). The firm had revenue of $3.67 billion during 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%. Flutter Entertainment's revenue was up 7.9% compared to the same quarter last year. During the same period in the previous year, the company posted $0.10 earnings per share. On average, sell-side analysts expect that Flutter Entertainment plc will post 4.17 earnings per share for the current fiscal year.

Insider Activity

In related news, CEO Amy Howe sold 2,315 shares of the 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 sale, the chief executive officer now directly owns 73,947 shares of the company's stock, valued at $18,006,094.50. This trade represents a 3.04% 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, Director Jeremy Peter Jackson sold 25,027 shares of the stock in a transaction on Thursday, March 6th. The stock was sold at an average price of $261.96, for a total value of $6,556,072.92. Following the sale, the director now directly 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. Over the last ninety days, insiders sold 42,156 shares of company stock valued at $10,926,922.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on FLUT shares. Wells Fargo & Company increased their price target on shares of Flutter Entertainment from $285.00 to $300.00 and gave the stock an "overweight" rating in a research report on Wednesday, March 5th. Citizens Jmp cut their target price on shares of Flutter Entertainment from $328.00 to $317.00 and set an "outperform" rating on the stock in a research note on Monday, April 14th. Susquehanna cut their target price on shares of Flutter Entertainment from $317.00 to $315.00 and set a "positive" rating on the stock in a research note on Wednesday, March 5th. BTIG Research cut their target price on shares of Flutter Entertainment from $323.00 to $289.00 and set a "buy" rating on the stock in a research note on Tuesday, April 22nd. Finally, Macquarie restated an "outperform" rating and set a $340.00 target price (up from $330.00) on shares of Flutter Entertainment in a research note on Thursday, May 8th. Twenty research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Flutter Entertainment has a consensus rating of "Buy" and a consensus target price of $306.28.

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.