Healthcare of Ontario Pension Plan Trust Fund bought a new stake in Flutter Entertainment PLC (NYSE:FLUT – Free Report) during the 1st quarter, Holdings Channel reports. The fund bought 14,700 shares of the company’s stock, valued at approximately $1,499,000.
Several other institutional investors also recently modified their holdings of the business. MML Investors Services LLC raised its stake in shares of Flutter Entertainment by 0.6% during the second quarter. MML Investors Services LLC now owns 7,081 shares of the company’s stock worth $2,024,000 after buying an additional 45 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in Flutter Entertainment by 5.6% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,311 shares of the company’s stock valued at $290,000 after acquiring an additional 69 shares during the last quarter. Truist Financial Corp boosted its stake in Flutter Entertainment by 2.8% in the fourth quarter. Truist Financial Corp now owns 2,602 shares of the company’s stock valued at $560,000 after acquiring an additional 72 shares during the last quarter. Towarzystwo Funduszy Inwestycyjnych PZU SA grew its holdings in Flutter Entertainment by 83.3% during the 3rd quarter. Towarzystwo Funduszy Inwestycyjnych PZU SA now owns 165 shares of the company’s stock worth $42,000 after acquiring an additional 75 shares during the period. Finally, The Manufacturers Life Insurance Company raised its position in shares of Flutter Entertainment by 0.9% during the 4th quarter. The Manufacturers Life Insurance Company now owns 9,119 shares of the company’s stock valued at $1,961,000 after acquiring an additional 80 shares during the last quarter.
Flutter Entertainment Price Performance
FLUT opened at $104.39 on Friday. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 1.27. Flutter Entertainment PLC has a 12 month low of $91.52 and a 12 month high of $313.68. The company has a fifty day simple moving average of $104.29 and a 200 day simple moving average of $117.08. The stock has a market cap of $18.16 billion, a P/E ratio of -48.78, a P/E/G ratio of 1.43 and a beta of 1.31.
Insider Buying and Selling
In other Flutter Entertainment news, CEO Daniel Mark Taylor acquired 1,611 shares of the firm’s stock in a transaction that occurred on Tuesday, May 12th. The stock was acquired at an average cost of $94.29 per share, for a total transaction of $151,901.19. Following the transaction, the chief executive officer owned 34,584 shares of the company’s stock, valued at $3,260,925.36. This trade represents a 4.89% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Carolan Lennon sold 439 shares of the stock in a transaction that occurred on Thursday, May 28th. The stock was sold at an average price of $94.63, for a total value of $41,542.57. Following the sale, the director directly owned 1,688 shares of the company’s stock, valued at approximately $159,735.44. The trade was a 20.64% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last ninety days, insiders purchased 10,453 shares of company stock valued at $1,045,526 and sold 5,994 shares valued at $577,293. 0.13% of the stock is owned by insiders.
Wall Street Analyst Weigh In
FLUT has been the subject of a number of analyst reports. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a $167.00 price objective on shares of Flutter Entertainment in a research note on Friday, May 8th. Freedom Capital raised Flutter Entertainment to a “hold” rating in a research note on Monday, June 22nd. Stifel Nicolaus reduced their target price on Flutter Entertainment from $170.00 to $161.00 and set a “buy” rating on the stock in a report on Wednesday, July 22nd. Zacks Research upgraded Flutter Entertainment from a “strong sell” rating to a “hold” rating in a research report on Monday, July 6th. Finally, BNP Paribas Exane began coverage on Flutter Entertainment in a research note on Thursday, May 14th. They issued an “underperform” rating and a $80.00 price target for the company. Two analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, nine have given a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $176.00.
Read Our Latest Analysis on FLUT
Flutter Entertainment Company Profile
Flutter Entertainment plc is a global sports betting and gaming company that operates a portfolio of consumer-facing brands and digital platforms. The company’s primary activities include online sports betting, casino gaming, poker, and daily fantasy sports, delivered through web and mobile applications as well as retail betting locations in select markets. Flutter focuses on product development, customer acquisition and engagement, and compliance with local gambling regulations across the jurisdictions where it operates.
Flutter’s brand portfolio includes well-known names in different regional markets, such as FanDuel in the United States, PokerStars, Betfair, Paddy Power and Sky Betting & Gaming in Europe and elsewhere.
Featured Articles
- Five stocks we like better than Flutter Entertainment
- Popular’s Earnings Beat Shows Why This Bank Stock Keeps Climbing
- ABB’s Rotork Deal Could Put These Flow Control Stocks Back in Focus
- GE HealthCare Stock Climbs on Vital Diagnostics Demand
- Lost in Space: Why Aerospace Valuations Are Plummeting Right Now
Want to see what other hedge funds are holding FLUT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Flutter Entertainment PLC (NYSE:FLUT – Free Report).
Receive News & Ratings for Flutter Entertainment Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Flutter Entertainment and related companies with MarketBeat.com's FREE daily email newsletter.
