1,300 Shares in Flutter Entertainment plc (NYSE:FLUT) Bought by AdvisorShares Investments LLC

AdvisorShares Investments LLC purchased a new stake in shares of Flutter Entertainment plc (NYSE:FLUT) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 1,300 shares of the company’s stock, valued at approximately $336,000.

A number of other institutional investors have also bought and sold shares of FLUT. Virtu Financial LLC boosted its position in shares of Flutter Entertainment by 56.2% during the 3rd quarter. Virtu Financial LLC now owns 7,371 shares of the company’s stock worth $1,749,000 after purchasing an additional 2,652 shares in the last quarter. Lord Abbett & CO. LLC acquired a new position in shares of Flutter Entertainment during the third quarter valued at about $24,464,000. Harbour Capital Advisors LLC bought a new stake in shares of Flutter Entertainment during the fourth quarter worth about $505,000. Benson Investment Management Company Inc. acquired a new stake in shares of Flutter Entertainment in the 4th quarter worth about $5,116,000. Finally, SeaCrest Wealth Management LLC bought a new position in Flutter Entertainment in the 4th quarter valued at about $390,000.

Analyst Ratings Changes

FLUT has been the subject of several analyst reports. JMP Securities lowered their price objective on 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. Peel Hunt raised shares of Flutter Entertainment from a “hold” rating to an “add” rating in a research report on Monday, March 10th. Benchmark reissued a “buy” rating and set a $300.00 target price on shares of Flutter Entertainment in a research report on Monday, April 21st. Citigroup reaffirmed an “outperform” rating on shares of Flutter Entertainment in a report on Wednesday, March 5th. Finally, BTIG Research decreased their target price on Flutter Entertainment from $323.00 to $289.00 and set a “buy” rating for the company in a research report on Tuesday, April 22nd. Twenty equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock has an average rating of “Buy” and a consensus target price of $306.67.

Flutter Entertainment Stock Up 1.4 %

FLUT opened at $238.61 on Wednesday. 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. The firm has a market capitalization of $42.35 billion and a P/E ratio of 1,084.59. The company has a fifty day moving average price of $238.42 and a 200-day moving average price of $252.84.

Insider Buying and Selling

In other news, Director Jeremy Peter Jackson sold 25,027 shares of the stock in a transaction on Thursday, March 6th. The shares were sold at an average price of $261.96, for a total value of $6,556,072.92. Following 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 filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Amy Howe sold 11,814 shares of Flutter Entertainment stock in a transaction 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 sale, the chief executive officer now directly 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.

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.