Proficio Capital Partners LLC Buys 1,152 Shares of Flutter Entertainment plc (NYSE:FLUT)

Proficio Capital Partners LLC increased its stake in shares of Flutter Entertainment plc (NYSE:FLUT) by 13.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 9,992 shares of the company’s stock after buying an additional 1,152 shares during the quarter. Proficio Capital Partners LLC’s holdings in Flutter Entertainment were worth $2,582,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of FLUT. Jennison Associates LLC bought a new position in shares of Flutter Entertainment during the 4th quarter worth approximately $239,306,000. Vestcor Inc purchased a new stake in shares of Flutter Entertainment during the third quarter valued at approximately $815,000. DJE Kapital AG bought a new stake in Flutter Entertainment during the fourth quarter worth $442,000. Benson Investment Management Company Inc. purchased a new position in Flutter Entertainment in the fourth quarter worth $5,116,000. Finally, Sanctuary Advisors LLC bought a new position in Flutter Entertainment in the 3rd quarter valued at $802,000.

Insider Activity at Flutter Entertainment

In other Flutter Entertainment news, Director Jeremy Peter Jackson sold 25,027 shares of the firm’s stock in a transaction dated Thursday, March 6th. The stock was sold at an average price of $261.96, for a total value of $6,556,072.92. Following the sale, the director now 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 transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Amy Howe sold 11,814 shares of the business’s stock in a transaction dated Thursday, March 6th. The stock was 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 directly 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 disclosure for this sale can be found here.

Analysts Set New Price Targets

A number of research firms have recently commented on FLUT. JMP Securities lifted their target price on Flutter Entertainment from $299.00 to $311.00 and gave the stock a “market outperform” rating in a research note on Monday, January 6th. Barclays boosted their target price on shares of Flutter Entertainment from $301.00 to $308.00 and gave the company an “overweight” rating in a research note 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. Susquehanna reduced their price objective on Flutter Entertainment from $317.00 to $315.00 and set a “positive” rating for the company in a report on Wednesday, March 5th. Finally, Stifel Nicolaus initiated coverage on Flutter Entertainment in a research note on Friday, January 17th. They issued a “buy” rating and a $320.00 target price on the stock. Nineteen equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Buy” and an average price target of $311.41.

Flutter Entertainment Trading Down 2.2 %

Shares of FLUT opened at $234.10 on Wednesday. Flutter Entertainment plc has a twelve month low of $174.03 and a twelve month high of $299.73. The stock has a market cap of $41.55 billion and a PE ratio of 1,064.09. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 0.66. The business’s 50-day moving average price is $264.05 and its 200-day moving average price is $252.81.

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.