Atria Investments Inc Buys Shares of 791 Flutter Entertainment plc (NYSE:FLUT)

Atria Investments Inc purchased a new position in shares of Flutter Entertainment plc (NYSE:FLUTFree Report) in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 791 shares of the company’s stock, valued at approximately $204,000.

Several other large investors also recently added to or reduced their stakes in the company. Jennison Associates LLC purchased a new position in shares of Flutter Entertainment in the fourth quarter worth about $239,306,000. Vestcor Inc bought a new position in Flutter Entertainment in the 3rd quarter worth approximately $815,000. DJE Kapital AG bought a new position in Flutter Entertainment in the 4th quarter worth approximately $442,000. Benson Investment Management Company Inc. purchased a new position in Flutter Entertainment in the 4th quarter valued at approximately $5,116,000. Finally, Sanctuary Advisors LLC bought a new stake in Flutter Entertainment during the 3rd quarter valued at $802,000.

Insider Transactions at Flutter Entertainment

In other Flutter Entertainment news, Director Jeremy Peter Jackson sold 25,027 shares of the business’s stock in a transaction on 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. The trade was a 54.20 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, 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 transaction of $3,077,547.00. Following the completion of 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.

Analyst Ratings Changes

A number of equities analysts have recently commented on the company. Needham & Company LLC raised their price target on Flutter Entertainment from $300.00 to $310.00 and gave the stock a “buy” rating in a report on Wednesday, March 5th. UBS Group upped their price target on Flutter Entertainment from $335.00 to $340.00 and gave the company a “buy” rating in a research report on Thursday, March 6th. Truist Financial initiated coverage on shares of Flutter Entertainment in a report on Wednesday, February 26th. They issued a “buy” rating and a $330.00 price target on the stock. Citigroup reaffirmed an “outperform” rating on shares of Flutter Entertainment in a research note on Wednesday, March 5th. Finally, The Goldman Sachs Group started coverage on shares of Flutter Entertainment in a research note on Friday, November 22nd. They issued a “buy” rating and a $320.00 target price on the stock. Nineteen analysts have rated the stock with a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus price target of $311.41.

Check Out Our Latest Analysis on Flutter Entertainment

Flutter Entertainment Price Performance

Shares of Flutter Entertainment stock opened at $234.10 on Wednesday. The company has a debt-to-equity ratio of 0.66, a current ratio of 0.89 and a quick ratio of 0.89. Flutter Entertainment plc has a one year low of $174.03 and a one year high of $299.73. The business’s 50 day simple moving average is $264.05 and its two-hundred day simple moving average is $252.81. The stock has a market capitalization of $41.55 billion and a P/E ratio of 1,064.09.

Flutter Entertainment Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Flutter Entertainment (NYSE:FLUT)

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