Voya Investment Management LLC Has $1.82 Million Holdings in Flutter Entertainment plc (NYSE:FLUT)

Voya Investment Management LLC boosted its stake in shares of Flutter Entertainment plc (NYSE:FLUT - Free Report) by 204.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 7,020 shares of the company's stock after buying an additional 4,715 shares during the quarter. Voya Investment Management LLC's holdings in Flutter Entertainment were worth $1,822,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the stock. Parvus Asset Management Europe Ltd purchased a new stake in Flutter Entertainment during the fourth quarter worth about $2,146,227,000. Norges Bank purchased a new stake in Flutter Entertainment during the 4th quarter worth approximately $946,681,000. Invesco Ltd. purchased a new stake in Flutter Entertainment during the 4th quarter worth approximately $621,680,000. Capital World Investors lifted its holdings in Flutter Entertainment by 11.9% during the 4th quarter. Capital World Investors now owns 15,426,515 shares of the company's stock worth $3,986,968,000 after buying an additional 1,635,241 shares in the last quarter. Finally, Jennison Associates LLC purchased a new position in Flutter Entertainment in the 4th quarter valued at approximately $239,306,000.

Analyst Ratings Changes

FLUT has been the subject of a number of recent research reports. Wells Fargo & Company lifted their target price on Flutter Entertainment from $285.00 to $300.00 and gave the company an "overweight" rating in a report on Wednesday, March 5th. Peel Hunt upgraded Flutter Entertainment from a "hold" rating to an "add" rating in a research note on Monday, March 10th. 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. Stifel Nicolaus decreased their price target on shares of Flutter Entertainment from $320.00 to $315.00 and set a "buy" rating for the company in a research note on Tuesday, April 22nd. Finally, Susquehanna dropped their price objective on shares of Flutter Entertainment from $317.00 to $315.00 and set a "positive" rating on the stock in a research report on Wednesday, March 5th. Twenty equities 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 has a consensus rating of "Buy" and a consensus price target of $306.67.

Insider Buying and Selling at Flutter Entertainment

In other Flutter Entertainment news, CEO Amy Howe sold 11,814 shares of the firm's 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 directly owns 62,941 shares in the company, valued at $16,396,130.50. This trade represents a 15.80 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director Jeremy Peter Jackson sold 25,027 shares of the business's stock in a transaction that occurred on Thursday, March 6th. The shares were 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 in the company, valued at $5,539,930.08. This represents a 54.20 % decrease in their position. The disclosure for this sale can be found here.

Flutter Entertainment Price Performance

Flutter Entertainment stock traded down $3.40 during midday trading on Wednesday, hitting $242.01. The company's stock had a trading volume of 2,189,321 shares, compared to its average volume of 1,841,119. Flutter Entertainment plc has a 12 month low of $174.03 and a 12 month high of $299.73. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 0.66. The company has a market capitalization of $42.77 billion and a PE ratio of 1,100.05. The stock's 50-day moving average price is $236.02 and its 200-day moving average price is $253.37.

Flutter Entertainment (NYSE:FLUT - Get Free Report) last released its earnings results on Wednesday, May 7th. The company reported $1.59 EPS for the quarter, missing analysts' consensus estimates of $1.89 by ($0.30). Flutter Entertainment had a negative return on equity of 4.52% and a negative net margin of 6.86%. The company's revenue was up 7.9% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.10 earnings per share. Analysts anticipate that Flutter Entertainment plc will post 4.17 earnings per share for the current fiscal year.

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.