Flutter Entertainment plc (NYSE:FLUT) Shares Bought by Wellington Shields & Co. LLC

Wellington Shields & Co. LLC increased its stake in Flutter Entertainment plc (NYSE:FLUT) by 9.6% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,147 shares of the company’s stock after purchasing an additional 188 shares during the period. Wellington Shields & Co. LLC’s holdings in Flutter Entertainment were worth $555,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. Farther Finance Advisors LLC raised its position 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. purchased a new position in Flutter Entertainment during the 4th quarter worth approximately $26,000. BOCHK Asset Management Ltd purchased a new position in Flutter Entertainment during the 4th quarter worth approximately $26,000. IFP Advisors Inc raised its position in 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 last quarter. Finally, Harbor Investment Advisory LLC raised its position in Flutter Entertainment by 64.1% during the 4th quarter. Harbor Investment Advisory LLC now owns 128 shares of the company’s stock worth $33,000 after buying an additional 50 shares during the last quarter.

Insider Buying and Selling

In other Flutter Entertainment news, CEO Amy Howe sold 11,814 shares of Flutter Entertainment 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 sale, the chief executive officer now owns 62,941 shares of the company’s stock, valued at $16,396,130.50. The trade was a 15.80 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Jeremy Peter Jackson sold 25,027 shares of Flutter Entertainment stock in a transaction on Thursday, March 6th. The stock was sold at an average price of $261.96, for a total transaction 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. This trade represents a 54.20 % decrease in their position. The disclosure for this sale can be found here.

Flutter Entertainment Price Performance

Shares of NYSE FLUT opened at $237.19 on Friday. The firm has a market cap of $42.09 billion and a PE ratio of 1,078.13. The firm has a fifty day moving average of $264.74 and a 200 day moving average of $251.84. 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 one year low of $174.03 and a one year high of $299.73.

Analyst Upgrades and Downgrades

FLUT has been the subject of a number of recent research reports. UBS Group raised their price target on shares of Flutter Entertainment from $335.00 to $340.00 and gave the stock a “buy” rating in a research report on Thursday, March 6th. Wells Fargo & Company raised their price target on shares of Flutter Entertainment from $285.00 to $300.00 and gave the stock an “overweight” rating in a research report on Wednesday, March 5th. Citigroup reaffirmed an “outperform” rating on shares of Flutter Entertainment in a report on Wednesday, March 5th. Peel Hunt raised shares of Flutter Entertainment from a “hold” rating to an “add” rating in a report on Monday, March 10th. Finally, Stifel Nicolaus initiated coverage on shares of Flutter Entertainment in a report on Friday, January 17th. They set a “buy” rating and a $320.00 target price for the company. Nineteen research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus price target of $311.41.

Flutter Entertainment 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.