Steward Partners Investment Advisory LLC Purchases 394 Shares of Flutter Entertainment plc (NYSE:FLUT)

Steward Partners Investment Advisory LLC increased its position in shares of Flutter Entertainment plc (NYSE:FLUT) by 895.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 438 shares of the company’s stock after purchasing an additional 394 shares during the quarter. Steward Partners Investment Advisory LLC’s holdings in Flutter Entertainment were worth $113,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of FLUT. Massachusetts Financial Services Co. MA bought a new stake in Flutter Entertainment during the third quarter worth about $849,474,000. Bank of Montreal Can lifted its position in Flutter Entertainment by 868.5% during the third quarter. Bank of Montreal Can now owns 3,367,022 shares of the company’s stock worth $798,927,000 after purchasing an additional 3,019,376 shares during the period. Cantillon Capital Management LLC lifted its position in Flutter Entertainment by 3,827.8% during the third quarter. Cantillon Capital Management LLC now owns 2,397,384 shares of the company’s stock worth $568,851,000 after purchasing an additional 2,336,347 shares during the period. Geode Capital Management LLC bought a new stake in Flutter Entertainment during the third quarter worth about $436,599,000. Finally, State Street Corp lifted its position in Flutter Entertainment by 61,014.6% during the third quarter. State Street Corp now owns 1,011,447 shares of the company’s stock worth $239,996,000 after purchasing an additional 1,009,792 shares during the period.

Insider Activity

In other news, Director Jeremy Peter Jackson sold 25,027 shares of the firm’s 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 completion of the sale, the director now directly owns 21,148 shares of the company’s stock, valued at $5,539,930.08. This trade represents a 54.20 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Amy Howe sold 11,814 shares of the firm’s stock in a transaction 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 sale, the chief executive officer now directly owns 62,941 shares of the company’s stock, valued at approximately $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.

Wall Street Analyst Weigh In

Several brokerages have commented on FLUT. Susquehanna lowered their target price on Flutter Entertainment from $317.00 to $315.00 and set a “positive” rating for the company in a research note on Wednesday, March 5th. 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 note on Thursday, March 6th. Truist Financial started coverage on Flutter Entertainment in a report on Wednesday, February 26th. They issued a “buy” rating and a $330.00 target price on the stock. The Goldman Sachs Group began coverage on Flutter Entertainment in a report on Friday, November 22nd. They issued a “buy” rating and a $320.00 target price on the stock. Finally, Macquarie restated an “outperform” rating and set a $340.00 price target on shares of Flutter Entertainment in a report on Wednesday, March 5th. Nineteen research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Flutter Entertainment has a consensus rating of “Buy” and an average target price of $311.41.

Flutter Entertainment Trading Up 2.5 %

NYSE FLUT opened at $237.19 on Monday. The firm has a market capitalization of $42.09 billion and a P/E ratio of 1,078.13. The business has a fifty day simple moving average of $264.74 and a 200 day simple moving average of $252.46. 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.

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.