4,260 Shares in Flutter Entertainment plc (NYSE:FLUT) Bought by Mirabella Financial Services LLP

Mirabella Financial Services LLP acquired a new stake in Flutter Entertainment plc (NYSE:FLUT) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 4,260 shares of the company’s stock, valued at approximately $1,098,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Jennison Associates LLC purchased a new stake in shares of Flutter Entertainment during the 4th quarter valued at about $239,306,000. DJE Kapital AG purchased a new position in shares of Flutter Entertainment in the fourth quarter valued at $442,000. Sanctuary Advisors LLC acquired a new stake in Flutter Entertainment during the 3rd quarter valued at $802,000. Benson Investment Management Company Inc. purchased a new stake in Flutter Entertainment during the 4th quarter worth $5,116,000. Finally, Bank of New York Mellon Corp boosted its position in Flutter Entertainment by 68.3% in the 4th quarter. Bank of New York Mellon Corp now owns 199,813 shares of the company’s stock valued at $51,642,000 after buying an additional 81,101 shares during the last quarter.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the company. Benchmark lifted their target price on Flutter Entertainment from $275.00 to $300.00 and gave the stock a “buy” rating in a research report on Wednesday, March 5th. Citizens Jmp reduced their target price on Flutter Entertainment from $328.00 to $317.00 and set an “outperform” rating for the company in a research note on Monday, April 14th. UBS Group lifted their price target on shares of Flutter Entertainment from $335.00 to $340.00 and gave the stock a “buy” rating in a research note on Thursday, March 6th. Citigroup reiterated an “outperform” rating on shares of Flutter Entertainment in a research note on Wednesday, March 5th. Finally, BTIG Research set a $323.00 target price on shares of Flutter Entertainment in a research report on Monday, February 3rd. Twenty equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Buy” and a consensus price target of $312.06.

Insider Activity

In other Flutter Entertainment news, Director Jeremy Peter Jackson sold 25,027 shares of the company’s stock in a transaction that occurred 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 in the company, valued at approximately $5,539,930.08. This represents a 54.20 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Amy Howe sold 11,814 shares of the business’s stock in a transaction on Thursday, March 6th. The shares were sold at an average price of $260.50, for a total transaction of $3,077,547.00. Following the transaction, the chief executive officer now owns 62,941 shares in the company, valued at approximately $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 Price Performance

Shares of NYSE:FLUT opened at $227.42 on Monday. The stock has a market cap of $40.36 billion and a price-to-earnings ratio of 1,033.70. 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 12 month low of $174.03 and a 12 month high of $299.73. The stock’s 50 day moving average price is $246.72 and its 200 day moving average price is $253.12.

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.