Susquehanna Fundamental Investments LLC acquired a new position in shares of Flutter Entertainment plc (NYSE:FLUT - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 6,400 shares of the company's stock, valued at approximately $1,654,000.
Other hedge funds also recently modified their holdings of the company. Harvest Fund Management Co. Ltd purchased a new stake in Flutter Entertainment during the fourth quarter worth approximately $25,000. Farther Finance Advisors LLC boosted its position in Flutter Entertainment by 585.7% during the 4th quarter. Farther Finance Advisors LLC now owns 96 shares of the company's stock worth $25,000 after acquiring an additional 82 shares during the period. Raleigh Capital Management Inc. acquired a new stake in Flutter Entertainment in the fourth quarter worth approximately $26,000. BOCHK Asset Management Ltd acquired a new position in Flutter Entertainment in the fourth quarter worth approximately $26,000. Finally, IFP Advisors Inc lifted its position in shares of 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 acquiring an additional 83 shares in the last quarter.
Wall Street Analyst Weigh In
A number of brokerages have recently weighed in on FLUT. JMP Securities reduced their price objective on shares of Flutter Entertainment from $328.00 to $317.00 and set a "market outperform" rating for the company in a research note on Monday, April 14th. BTIG Research lowered their price target on Flutter Entertainment from $323.00 to $289.00 and set a "buy" rating for the company in a research note on Tuesday, April 22nd. Truist Financial decreased their price target on shares of Flutter Entertainment from $330.00 to $280.00 and set a "buy" rating for the company in a research note on Wednesday, April 23rd. UBS Group boosted their price objective on shares of Flutter Entertainment from $335.00 to $340.00 and gave the company a "buy" rating in a research report on Thursday, March 6th. Finally, Barclays cut their price target on Flutter Entertainment from $308.00 to $300.00 and set an "overweight" rating on the stock in a research note on Tuesday, April 22nd. Twenty research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Flutter Entertainment currently has a consensus rating of "Buy" and a consensus target price of $306.67.
Check Out Our Latest Research Report on Flutter Entertainment
Flutter Entertainment Price Performance
FLUT traded down $0.20 during midday trading on Tuesday, hitting $249.06. 313,962 shares of the company traded hands, compared to its average volume of 1,821,794. The company has a market capitalization of $44.02 billion and a price-to-earnings ratio of 1,130.06. The business has a 50 day simple moving average of $236.55 and a two-hundred day simple moving average of $253.42. 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 52-week low of $174.03 and a 52-week high of $299.73.
Insider Activity at Flutter Entertainment
In other Flutter Entertainment news, CEO Amy Howe sold 11,814 shares of the firm's stock in a transaction that occurred on Thursday, March 6th. The stock was sold at an average price of $260.50, for a total transaction of $3,077,547.00. Following the completion of the sale, 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available 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 transaction, the director now directly owns 21,148 shares in the company, valued at $5,539,930.08. The trade was a 54.20 % decrease in their position. The disclosure for this sale can be found here.
Flutter Entertainment Company Profile
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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.
Further Reading
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