TOMS Capital Investment Management LP Has $97.75 Million Stock Position in Flutter Entertainment plc (NYSE:FLUT)

TOMS Capital Investment Management LP boosted its position in Flutter Entertainment plc (NYSE:FLUT - Free Report) by 2.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 378,200 shares of the company's stock after acquiring an additional 7,931 shares during the period. Flutter Entertainment accounts for 3.6% of TOMS Capital Investment Management LP's portfolio, making the stock its 7th largest position. TOMS Capital Investment Management LP owned 0.21% of Flutter Entertainment worth $97,746,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. AQR Capital Management LLC grew its stake in shares of Flutter Entertainment by 96.1% during the fourth quarter. AQR Capital Management LLC now owns 131,401 shares of the company's stock worth $33,961,000 after purchasing an additional 64,394 shares during the period. AdvisorShares Investments LLC acquired a new position in shares of Flutter Entertainment during the 4th quarter worth about $336,000. Lone Pine Capital LLC bought a new stake in shares of Flutter Entertainment in the 4th quarter valued at about $494,291,000. Candlestick Capital Management LP acquired a new stake in shares of Flutter Entertainment in the 4th quarter valued at approximately $50,325,000. Finally, California State Teachers Retirement System raised its position in shares of Flutter Entertainment by 32.7% in the 4th quarter. California State Teachers Retirement System now owns 274,300 shares of the company's stock valued at $70,893,000 after acquiring an additional 67,668 shares during the period.

Analyst Upgrades and Downgrades

A number of research firms recently commented on FLUT. Stifel Nicolaus lowered their price objective on shares of Flutter Entertainment from $320.00 to $315.00 and set a "buy" rating for the company in a research report on Tuesday, April 22nd. Susquehanna lowered their target price on Flutter Entertainment from $317.00 to $315.00 and set a "positive" rating on the stock in a research report on Wednesday, March 5th. Benchmark reaffirmed a "buy" rating and set a $300.00 price target on shares of Flutter Entertainment in a research report on Monday, April 21st. BTIG Research decreased their price objective on shares of Flutter Entertainment from $323.00 to $289.00 and set a "buy" rating for the company in a research report on Tuesday, April 22nd. Finally, Citizens Jmp dropped their target price on shares of Flutter Entertainment from $328.00 to $317.00 and set an "outperform" rating on the stock in a report on Monday, April 14th. Twenty investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, Flutter Entertainment presently has a consensus rating of "Buy" and a consensus target price of $306.67.

Flutter Entertainment Price Performance

Flutter Entertainment stock traded up $6.29 during trading hours on Friday, reaching $248.40. 1,354,624 shares of the stock were exchanged, compared to its average volume of 1,828,415. 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 twelve month low of $174.03 and a twelve month high of $299.73. The company has a market cap of $43.90 billion and a P/E ratio of 1,129.09. The stock has a 50 day moving average of $237.02 and a two-hundred day moving average of $253.17.

Insider Buying and Selling

In other Flutter Entertainment news, Director Jeremy Peter Jackson sold 25,027 shares of the company's stock in a transaction dated 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 completion of the transaction, the director now owns 21,148 shares of the company's stock, valued at $5,539,930.08. This represents a 54.20 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Amy Howe sold 11,814 shares of the 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 of the company's stock, valued at $16,396,130.50. This represents a 15.80 % decrease in their ownership of the stock. The disclosure for this sale can be found here.

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.