Voleon Capital Management LP Takes $1.77 Million Position in Flutter Entertainment plc (NYSE:FLUT)

Voleon Capital Management LP bought a new stake in shares of Flutter Entertainment plc (NYSE:FLUT - Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 6,845 shares of the company's stock, valued at approximately $1,769,000.

Several other hedge funds have also bought and sold shares of the stock. Capital World Investors lifted its position in shares of Flutter Entertainment by 11.9% during the 4th quarter. Capital World Investors now owns 15,426,515 shares of the company's stock valued at $3,986,968,000 after buying an additional 1,635,241 shares in the last quarter. Vanguard Group Inc. lifted its holdings in Flutter Entertainment by 3.2% during the fourth quarter. Vanguard Group Inc. now owns 9,591,786 shares of the company's stock valued at $2,479,812,000 after purchasing an additional 299,300 shares in the last quarter. Parvus Asset Management Europe Ltd purchased a new position in Flutter Entertainment during the fourth quarter valued at approximately $2,146,227,000. Norges Bank bought a new position in shares of Flutter Entertainment in the fourth quarter worth approximately $946,681,000. Finally, FMR LLC increased its stake in shares of Flutter Entertainment by 0.8% in the fourth quarter. FMR LLC now owns 3,401,092 shares of the company's stock worth $881,349,000 after purchasing an additional 25,422 shares in the last quarter.

Analysts Set New Price Targets

Several brokerages recently weighed in on FLUT. Barclays dropped their target price on shares of Flutter Entertainment from $308.00 to $300.00 and set an "overweight" rating for the company in a report on Tuesday, April 22nd. UBS Group upped their price objective on Flutter Entertainment from $335.00 to $340.00 and gave the stock a "buy" rating in a research note on Thursday, March 6th. Susquehanna decreased their target price on Flutter Entertainment from $317.00 to $315.00 and set a "positive" rating on the stock in a research note on Wednesday, March 5th. Truist Financial lowered their price target on Flutter Entertainment from $330.00 to $280.00 and set a "buy" rating on the stock in a report on Wednesday, April 23rd. Finally, BTIG Research reduced their price objective on shares of Flutter Entertainment from $323.00 to $289.00 and set a "buy" rating on the stock in a research report on Tuesday, April 22nd. Twenty equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Buy" and a consensus price target of $306.67.

Insider Buying and Selling at Flutter Entertainment

In other news, Director Jeremy Peter Jackson sold 25,027 shares of the company's stock in a transaction that occurred on 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 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 transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Amy Howe sold 11,814 shares of the stock in a transaction that occurred on Thursday, March 6th. The stock was sold at an average price of $260.50, for a total value 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 approximately $16,396,130.50. The trade was a 15.80 % decrease in their ownership of the stock. The disclosure for this sale can be found here.

Flutter Entertainment Trading Up 2.6 %

NYSE:FLUT traded up $6.29 during midday trading on Friday, hitting $248.40. 1,354,624 shares of the company traded hands, compared to its average volume of 1,828,415. The firm has a market capitalization of $43.90 billion and a P/E ratio of 1,129.09. The firm's fifty day moving average is $237.02 and its 200-day moving average is $253.17. Flutter Entertainment plc has a 12-month low of $174.03 and a 12-month high of $299.73. 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 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.