Flutter Entertainment plc (NYSE:FLUT) Director Jeremy Peter Jackson Sells 25,027 Shares

Flutter Entertainment plc (NYSE:FLUT) Director Jeremy Peter Jackson sold 25,027 shares of the stock in a transaction 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 sale, the director now directly owns 21,148 shares in the company, valued at approximately $5,539,930.08. The trade was a 54.20 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Flutter Entertainment Stock Down 8.5 %

Flutter Entertainment stock traded down $21.05 during trading on Monday, reaching $227.21. 6,211,866 shares of the company’s stock were exchanged, compared to its average volume of 1,691,475. The company’s 50-day moving average is $267.23 and its two-hundred day moving average is $251.64. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.89 and a current ratio of 0.89. Flutter Entertainment plc has a 52-week low of $174.03 and a 52-week high of $299.73. The firm has a market cap of $40.32 billion and a price-to-earnings ratio of 1,032.77.

Hedge Funds Weigh In On Flutter Entertainment

Several hedge funds and other institutional investors have recently bought and sold shares of FLUT. Farther Finance Advisors LLC grew its position in Flutter Entertainment by 585.7% in the fourth quarter. Farther Finance Advisors LLC now owns 96 shares of the company’s stock valued at $25,000 after acquiring an additional 82 shares in the last quarter. Harvest Fund Management Co. Ltd acquired a new stake in Flutter Entertainment during the 4th quarter valued at $25,000. Raleigh Capital Management Inc. acquired a new position in Flutter Entertainment in the 4th quarter worth $26,000. BOCHK Asset Management Ltd purchased a new position in Flutter Entertainment in the 4th quarter valued at about $26,000. Finally, IFP Advisors Inc grew its stake in shares of Flutter Entertainment by 244.1% during the fourth quarter. IFP Advisors Inc now owns 117 shares of the company’s stock valued at $31,000 after acquiring an additional 83 shares in the last quarter.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on FLUT. Craig Hallum lifted their price target on shares of Flutter Entertainment from $275.00 to $350.00 and gave the stock a “buy” rating in a report on Wednesday, November 13th. Stifel Nicolaus initiated coverage on Flutter Entertainment in a report on Friday, January 17th. They issued a “buy” rating and a $320.00 price target for the company. Citigroup restated an “outperform” rating on shares of Flutter Entertainment in a report on Wednesday, March 5th. The Goldman Sachs Group began coverage on Flutter Entertainment in a research note on Friday, November 22nd. They issued a “buy” rating and a $320.00 target price for the company. Finally, Peel Hunt raised Flutter Entertainment from a “hold” rating to an “add” rating in a research note on Monday. Twenty 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 company presently has an average rating of “Buy” and an average price target of $311.41.

Flutter Entertainment Company Profile

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.