Quantinno Capital Management LP raised its holdings in Flutter Entertainment PLC (NYSE:FLUT – Free Report) by 333.4% during the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 79,271 shares of the company’s stock after acquiring an additional 60,981 shares during the quarter. Quantinno Capital Management LP’s holdings in Flutter Entertainment were worth $8,082,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors and hedge funds have also made changes to their positions in the business. Zions Bancorporation National Association UT boosted its stake in shares of Flutter Entertainment by 1,685.7% during the fourth quarter. Zions Bancorporation National Association UT now owns 125 shares of the company’s stock valued at $27,000 after purchasing an additional 118 shares during the period. EFG International AG purchased a new position in Flutter Entertainment in the 4th quarter worth about $36,000. IFP Advisors Inc lifted its holdings in Flutter Entertainment by 93.8% during the 4th quarter. IFP Advisors Inc now owns 186 shares of the company’s stock valued at $40,000 after buying an additional 90 shares in the last quarter. Towarzystwo Funduszy Inwestycyjnych PZU SA lifted 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 valued at $42,000 after buying an additional 75 shares in the last quarter. Finally, LM Advisors LLC bought a new stake in Flutter Entertainment during the 4th quarter valued at about $46,000.
Flutter Entertainment Price Performance
FLUT opened at $105.01 on Wednesday. The firm has a market capitalization of $18.27 billion, a PE ratio of -49.07, a price-to-earnings-growth ratio of 1.45 and a beta of 1.28. The company has a debt-to-equity ratio of 1.27, a current ratio of 0.90 and a quick ratio of 0.90. The business’s 50-day moving average is $104.68 and its two-hundred day moving average is $115.09. Flutter Entertainment PLC has a 1 year low of $91.52 and a 1 year high of $313.68.
Analyst Ratings Changes
A number of equities analysts have commented on the stock. Citigroup restated an “outperform” rating on shares of Flutter Entertainment in a research note on Wednesday, July 8th. Sanford C. Bernstein decreased their price target on shares of Flutter Entertainment from $125.00 to $115.00 and set a “market perform” rating for the company in a research note on Thursday, May 7th. BTIG Research lowered their price target on Flutter Entertainment from $126.00 to $120.00 and set a “buy” rating for the company in a report on Tuesday, July 28th. Wedbush reissued an “outperform” rating and issued a $138.00 price objective on shares of Flutter Entertainment in a research note on Friday, July 17th. Finally, Needham & Company LLC reduced their price objective on Flutter Entertainment from $150.00 to $135.00 and set a “buy” rating on the stock in a report on Thursday, May 7th. Two research analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, nine have issued a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, Flutter Entertainment has a consensus rating of “Moderate Buy” and an average price target of $176.00.
Check Out Our Latest Report on Flutter Entertainment
Insider Transactions at Flutter Entertainment
In other news, Director John A. Bryant bought 1,950 shares of the stock in a transaction on Friday, May 8th. The stock was bought at an average cost of $102.86 per share, for a total transaction of $200,577.00. Following the completion of the purchase, the director directly owned 9,235 shares in the company, valued at approximately $949,912.10. The trade was a 26.77% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Daniel Mark Taylor purchased 1,611 shares of the business’s stock in a transaction on Tuesday, May 12th. The stock was purchased at an average cost of $94.29 per share, for a total transaction of $151,901.19. Following the completion of the acquisition, the chief executive officer directly owned 34,584 shares of the company’s stock, valued at approximately $3,260,925.36. The trade was a 4.89% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Over the last 90 days, insiders have bought 10,453 shares of company stock worth $1,045,526 and have sold 5,994 shares worth $577,293. 0.13% of the stock is currently owned by corporate insiders.
Flutter Entertainment 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.
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