Schonfeld Strategic Advisors LLC Buys 67,800 Shares of Flutter Entertainment plc (NYSE:FLUT)

Schonfeld Strategic Advisors LLC boosted its stake in Flutter Entertainment plc (NYSE:FLUT) by 206.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 100,668 shares of the company’s stock after purchasing an additional 67,800 shares during the quarter. Schonfeld Strategic Advisors LLC’s holdings in Flutter Entertainment were worth $26,018,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Jennison Associates LLC acquired a new position in shares of Flutter Entertainment during the fourth quarter valued at about $239,306,000. DJE Kapital AG purchased a new position in Flutter Entertainment during the 4th quarter worth $442,000. Benson Investment Management Company Inc. bought a new stake in shares of Flutter Entertainment in the 4th quarter worth $5,116,000. Bank of New York Mellon Corp boosted its holdings in Flutter Entertainment by 68.3% during the fourth quarter. Bank of New York Mellon Corp now owns 199,813 shares of the company’s stock worth $51,642,000 after purchasing an additional 81,101 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. grew its position in Flutter Entertainment by 6.2% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 661,301 shares of the company’s stock worth $170,913,000 after purchasing an additional 38,800 shares in the last quarter.

Insider Buying and Selling

In other Flutter Entertainment news, CEO Amy Howe sold 11,814 shares of the business’s stock in a transaction that occurred on 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. The trade was a 15.80 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 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 transaction of $6,556,072.92. Following the completion of 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 Stock Up 0.9 %

Shares of NYSE:FLUT opened at $235.27 on Tuesday. The firm has a fifty day moving average price of $239.41 and a two-hundred day moving average price of $252.94. The company has a market cap of $41.75 billion and a price-to-earnings ratio of 1,069.41. The company has a debt-to-equity ratio of 0.66, a current ratio of 0.89 and a quick ratio of 0.89. Flutter Entertainment plc has a one year low of $174.03 and a one year high of $299.73.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the company. BTIG Research reduced their target price on Flutter Entertainment from $323.00 to $289.00 and set a “buy” rating for the company in a report on Tuesday, April 22nd. Needham & Company LLC upped their price objective on Flutter Entertainment from $300.00 to $310.00 and gave the company a “buy” rating in a research note on Wednesday, March 5th. Truist Financial lowered their target price on Flutter Entertainment from $330.00 to $280.00 and set a “buy” rating on the stock in a research note on Wednesday, April 23rd. Citigroup restated an “outperform” rating on shares of Flutter Entertainment in a report on Wednesday, March 5th. Finally, Citizens Jmp reduced their target price on shares of Flutter Entertainment from $328.00 to $317.00 and set an “outperform” rating for the company in a research 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 stock. According to MarketBeat, the company presently has a consensus rating of “Buy” and an average price target of $306.67.

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.