Mitsubishi UFJ Trust & Banking Corp Has $22.22 Million Stock Holdings in Flutter Entertainment plc (NYSE:FLUT)

Mitsubishi UFJ Trust & Banking Corp increased its position in Flutter Entertainment plc (NYSE:FLUT) by 3.3% in the fourth quarter, Holdings Channel.com reports. The firm owned 85,949 shares of the company’s stock after acquiring an additional 2,784 shares during the period. Mitsubishi UFJ Trust & Banking Corp’s holdings in Flutter Entertainment were worth $22,222,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in FLUT. Farther Finance Advisors LLC lifted its stake in shares of Flutter Entertainment by 585.7% in the 4th quarter. Farther Finance Advisors LLC now owns 96 shares of the company’s stock valued at $25,000 after purchasing an additional 82 shares during the period. Harvest Fund Management Co. Ltd bought a new stake in Flutter Entertainment in the fourth quarter valued at about $25,000. Raleigh Capital Management Inc. acquired a new position in Flutter Entertainment in the fourth quarter valued at about $26,000. BOCHK Asset Management Ltd bought a new position in Flutter Entertainment during the fourth quarter worth about $26,000. Finally, IFP Advisors Inc grew 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 buying an additional 83 shares during the period.

Insider Activity at Flutter Entertainment

In other Flutter Entertainment news, 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 completion of the sale, the director now owns 21,148 shares in the company, valued at $5,539,930.08. This trade represents a 54.20 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Amy Howe sold 11,814 shares of the business’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 transaction, the chief executive officer now owns 62,941 shares in the company, valued at $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 Stock Up 0.3 %

Flutter Entertainment stock opened at $236.99 on Friday. The company has a current ratio of 0.89, a quick ratio of 0.89 and a debt-to-equity ratio of 0.66. Flutter Entertainment plc has a 1-year low of $174.03 and a 1-year high of $299.73. The company has a fifty day simple moving average of $261.86 and a 200 day simple moving average of $253.61. The company has a market cap of $42.06 billion and a P/E ratio of 1,077.21.

Analysts Set New Price Targets

FLUT has been the topic of a number of analyst reports. Peel Hunt upgraded shares of Flutter Entertainment from a “hold” rating to an “add” rating in a research report on Monday, March 10th. Macquarie reissued an “outperform” rating and set a $340.00 price target on shares of Flutter Entertainment in a research report on Wednesday, March 5th. Citigroup restated an “outperform” rating on shares of Flutter Entertainment in a research report on Wednesday, March 5th. Stifel Nicolaus assumed coverage on Flutter Entertainment in a report on Friday, January 17th. They set a “buy” rating and a $320.00 target price on the stock. Finally, UBS Group increased their price target on Flutter Entertainment from $335.00 to $340.00 and gave the stock a “buy” rating in a report on Thursday, March 6th. Nineteen equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Buy” and a consensus target price 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.