Amy Howe Sells 11,814 Shares of Flutter Entertainment plc (NYSE:FLUT) Stock

Flutter Entertainment plc (NYSE:FLUT) CEO Amy Howe sold 11,814 shares of the firm’s stock in a transaction dated 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 completion of the transaction, the chief executive officer now directly owns 62,941 shares in the company, valued at $16,396,130.50. This represents a 15.80 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Flutter Entertainment Price Performance

Shares of FLUT opened at $231.63 on Wednesday. The company has a 50 day moving average of $266.07 and a two-hundred day moving average of $251.91. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 0.66. Flutter Entertainment plc has a twelve month low of $174.03 and a twelve month high of $299.73. The company has a market cap of $41.11 billion and a price-to-earnings ratio of 1,052.85.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on FLUT shares. Needham & Company LLC raised their target price on shares of Flutter Entertainment from $300.00 to $310.00 and gave the stock a “buy” rating in a research report on Wednesday, March 5th. UBS Group raised their price objective on Flutter Entertainment from $335.00 to $340.00 and gave the stock a “buy” rating in a report on Thursday, March 6th. Macquarie reaffirmed an “outperform” rating and set a $340.00 target price on shares of Flutter Entertainment in a research report on Wednesday, March 5th. JMP Securities increased their price target on Flutter Entertainment from $299.00 to $311.00 and gave the stock a “market outperform” rating in a research report on Monday, January 6th. Finally, Truist Financial assumed coverage on Flutter Entertainment in a research note on Wednesday, February 26th. They set a “buy” rating and a $330.00 price target on the stock. Twenty equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Buy” and a consensus price target of $311.41.

Institutional Trading of Flutter Entertainment

Institutional investors have recently made changes to their positions in the business. Parvus Asset Management Europe Ltd purchased a new stake in Flutter Entertainment in the fourth quarter valued at about $2,146,227,000. Norges Bank purchased a new stake in shares of Flutter Entertainment during the fourth quarter worth about $946,681,000. Massachusetts Financial Services Co. MA acquired a new position in shares of Flutter Entertainment during the third quarter valued at about $849,474,000. Bank of Montreal Can raised its position in shares of Flutter Entertainment by 868.5% in the 3rd quarter. Bank of Montreal Can now owns 3,367,022 shares of the company’s stock valued at $798,927,000 after purchasing an additional 3,019,376 shares during the last quarter. Finally, Invesco Ltd. acquired a new stake in Flutter Entertainment in the 4th quarter worth approximately $621,680,000.

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.