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:FLUT) 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.

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

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.