Public Employees Retirement System of Ohio bought a new stake in shares of Flutter Entertainment PLC (NYSE:FLUT – Free Report) in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 96,719 shares of the company’s stock, valued at approximately $9,881,000.
A number of other hedge funds have also recently bought and sold shares of the company. Zions Bancorporation National Association UT lifted its holdings in Flutter Entertainment by 1,685.7% in the 4th quarter. Zions Bancorporation National Association UT now owns 125 shares of the company’s stock valued at $27,000 after acquiring an additional 118 shares during the last quarter. Towarzystwo Funduszy Inwestycyjnych PZU SA grew its stake in shares of Flutter Entertainment by 83.3% in the 3rd quarter. Towarzystwo Funduszy Inwestycyjnych PZU SA now owns 165 shares of the company’s stock worth $42,000 after purchasing an additional 75 shares during the last quarter. EFG International AG bought a new stake in shares of Flutter Entertainment in the 4th quarter worth approximately $36,000. IFP Advisors Inc raised its holdings in shares of Flutter Entertainment by 93.8% in the 4th quarter. IFP Advisors Inc now owns 186 shares of the company’s stock worth $40,000 after purchasing an additional 90 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. lifted its stake in Flutter Entertainment by 246.3% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 187 shares of the company’s stock valued at $53,000 after purchasing an additional 133 shares during the last quarter.
Flutter Entertainment Stock Down 1.8%
Shares of NYSE:FLUT opened at $99.95 on Tuesday. The firm has a 50 day simple moving average of $102.55 and a 200 day simple moving average of $105.52. Flutter Entertainment PLC has a 52 week low of $89.71 and a 52 week high of $309.38. The company has a debt-to-equity ratio of 1.32, a quick ratio of 0.89 and a current ratio of 0.89. The company has a market cap of $17.35 billion, a PE ratio of -23.24, a price-to-earnings-growth ratio of 2.58 and a beta of 1.28.
Insiders Place Their Bets
In related news, CEO Jeremy Peter Jackson sold 2,112 shares of the company’s stock in a transaction on Wednesday, August 19th. The stock was sold at an average price of $93.32, for a total transaction of $197,091.84. Following the transaction, the chief executive officer directly owned 72,214 shares of the company’s stock, valued at approximately $6,739,010.48. The trade was a 2.84% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders own 0.13% of the company’s stock.
Wall Street Analysts Forecast Growth
Several research analysts have issued reports on FLUT shares. Wall Street Zen lowered shares of Flutter Entertainment from a “hold” rating to a “sell” rating in a research report on Saturday, August 8th. Zacks Research lowered Flutter Entertainment from a “hold” rating to a “strong sell” rating in a research note on Tuesday, August 4th. Freedom Capital upgraded Flutter Entertainment to a “hold” rating in a report on Monday, June 22nd. Deutsche Bank Aktiengesellschaft set a $148.00 target price on Flutter Entertainment in a research report on Thursday, August 6th. Finally, Stifel Nicolaus reduced their target price on Flutter Entertainment from $161.00 to $133.00 and set a “buy” rating for the company in a report on Thursday, August 6th. Two equities research analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, eight have assigned a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat, Flutter Entertainment currently has a consensus rating of “Moderate Buy” and an average price target of $159.12.
View Our Latest Stock 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
- Securing AI: 5 Most-Upgraded Stocks From the Q2 Reporting Season
- Insiders Are Betting Big on These 3 Healthcare Stocks
- 3 Stocks for Investors Who Still Believe Cash Is King
- Dollar General and Dollar Tree Are Recovering, But Not for the Same Reason
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.
