Vanguard Group Inc. Increases Stock Position in Flutter Entertainment plc (NYSE:FLUT)

Vanguard Group Inc. raised its position in shares of Flutter Entertainment plc (NYSE:FLUT) by 3.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 9,591,786 shares of the company’s stock after buying an additional 299,300 shares during the quarter. Vanguard Group Inc. owned about 0.05% of Flutter Entertainment worth $2,479,812,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the business. Harbor Investment Advisory LLC boosted its stake in Flutter Entertainment by 64.1% during the fourth quarter. Harbor Investment Advisory LLC now owns 128 shares of the company’s stock worth $33,000 after acquiring an additional 50 shares in the last quarter. UMB Bank n.a. boosted its position in shares of Flutter Entertainment by 58.8% in the 4th quarter. UMB Bank n.a. now owns 135 shares of the company’s stock worth $35,000 after purchasing an additional 50 shares in the last quarter. Seelaus Asset Management LLC increased its position in Flutter Entertainment by 6.4% during the 4th quarter. Seelaus Asset Management LLC now owns 914 shares of the company’s stock valued at $236,000 after buying an additional 55 shares in the last quarter. Ritholtz Wealth Management raised its stake in Flutter Entertainment by 3.5% during the fourth quarter. Ritholtz Wealth Management now owns 1,725 shares of the company’s stock valued at $446,000 after buying an additional 59 shares during the last quarter. Finally, Farther Finance Advisors LLC boosted its holdings in Flutter Entertainment by 585.7% in the fourth quarter. Farther Finance Advisors LLC now owns 96 shares of the company’s stock worth $25,000 after acquiring an additional 82 shares in the last quarter.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on FLUT shares. Peel Hunt upgraded shares of Flutter Entertainment from a “hold” rating to an “add” rating in a research note on Monday, March 10th. UBS Group upped their price objective on Flutter Entertainment from $335.00 to $340.00 and gave the company a “buy” rating in a research report on Thursday, March 6th. JMP Securities boosted their target price 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. Benchmark increased their price target on Flutter Entertainment from $275.00 to $300.00 and gave the company a “buy” rating in a report on Wednesday, March 5th. Finally, Barclays boosted their price objective on Flutter Entertainment from $301.00 to $308.00 and gave the company an “overweight” rating in a research note on Wednesday, March 5th. Nineteen analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, Flutter Entertainment currently has an average rating of “Buy” and an average target price of $311.41.

Flutter Entertainment Stock Down 2.2 %

Shares of NYSE FLUT opened at $241.10 on Wednesday. The stock has a market capitalization of $42.79 billion and a price-to-earnings ratio of 1,095.91. Flutter Entertainment plc has a 12-month low of $174.03 and a 12-month high of $299.73. The company has a current ratio of 0.89, a quick ratio of 0.89 and a debt-to-equity ratio of 0.66. The firm’s 50-day moving average price is $262.66 and its 200-day moving average price is $253.85.

Insider Buying and Selling at Flutter Entertainment

In related news, Director Jeremy Peter Jackson sold 25,027 shares of the stock in a transaction dated 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 of the company’s stock, valued at $5,539,930.08. This represents a 54.20 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Amy Howe sold 11,814 shares of the business’s stock in a transaction that occurred on Thursday, March 6th. The shares were sold at an average price of $260.50, for a total value of $3,077,547.00. Following the transaction, the chief executive officer now owns 62,941 shares of the company’s stock, valued at $16,396,130.50. This trade represents a 15.80 % decrease in their position. The disclosure for this sale can be found here.

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.