Flutter Entertainment plc (NYSE:FLUT) Shares Purchased by Prudential PLC

Prudential PLC boosted its position in shares of Flutter Entertainment plc (NYSE:FLUT) by 92.6% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 30,244 shares of the company’s stock after acquiring an additional 14,538 shares during the period. Prudential PLC’s holdings in Flutter Entertainment were worth $7,817,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the company. Harvest Fund Management Co. Ltd acquired a new position in shares of Flutter Entertainment during the fourth quarter worth $25,000. Farther Finance Advisors LLC lifted its holdings in Flutter Entertainment by 585.7% during the 4th quarter. Farther Finance Advisors LLC now owns 96 shares of the company’s stock worth $25,000 after buying an additional 82 shares during the last quarter. Raleigh Capital Management Inc. acquired a new position in shares of Flutter Entertainment during the 4th quarter worth about $26,000. BOCHK Asset Management Ltd purchased a new position in shares of Flutter Entertainment in the 4th quarter valued at about $26,000. Finally, IFP Advisors Inc raised its position in shares of Flutter Entertainment by 244.1% during the 4th quarter. IFP Advisors Inc now owns 117 shares of the company’s stock worth $31,000 after acquiring an additional 83 shares in the last quarter.

Analyst Ratings Changes

A number of equities analysts recently issued reports on the company. JMP Securities upped their price target on Flutter Entertainment from $299.00 to $311.00 and gave the company a “market outperform” rating in a report on Monday, January 6th. Wells Fargo & Company increased their target price on shares of Flutter Entertainment from $285.00 to $300.00 and gave the company an “overweight” rating in a research report on Wednesday, March 5th. Citigroup restated an “outperform” rating on shares of Flutter Entertainment in a research note on Wednesday, March 5th. Peel Hunt upgraded Flutter Entertainment from a “hold” rating to an “add” rating in a research note on Monday, March 10th. Finally, Macquarie reiterated an “outperform” rating and issued a $340.00 price objective on shares of Flutter Entertainment in a research note on Wednesday, March 5th. Nineteen 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 data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus target price of $311.41.

Insiders Place Their Bets

In other Flutter Entertainment news, 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 value of $3,077,547.00. Following the sale, the chief executive officer now directly owns 62,941 shares of the company’s stock, valued at approximately $16,396,130.50. This trade represents a 15.80 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Jeremy Peter Jackson sold 25,027 shares of the company’s stock in a transaction dated Thursday, March 6th. The shares were sold at an average price of $261.96, for a total transaction of $6,556,072.92. Following the transaction, the director now directly owns 21,148 shares of the company’s stock, valued at approximately $5,539,930.08. This represents a 54.20 % decrease in their position. The disclosure for this sale can be found here.

Flutter Entertainment Stock Performance

Shares of NYSE FLUT opened at $205.81 on Friday. The company has a debt-to-equity ratio of 0.66, a current ratio of 0.89 and a quick ratio of 0.89. The company has a market cap of $36.53 billion and a PE ratio of 935.50. The company has a 50-day simple moving average of $256.42 and a 200-day simple moving average of $253.61. Flutter Entertainment plc has a 12 month low of $174.03 and a 12 month high of $299.73.

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.