Jones Financial Companies Lllp Raises Position in Flutter Entertainment plc (NYSE:FLUT)

Jones Financial Companies Lllp raised its position in Flutter Entertainment plc (NYSE:FLUT) by 151.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 389 shares of the company’s stock after acquiring an additional 234 shares during the quarter. Jones Financial Companies Lllp’s holdings in Flutter Entertainment were worth $101,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. Raleigh Capital Management Inc. purchased a new position in shares of Flutter Entertainment in the fourth quarter valued at about $26,000. BOCHK Asset Management Ltd purchased a new position in shares of Flutter Entertainment in the fourth quarter valued at about $26,000. IFP Advisors Inc increased its position in shares of Flutter Entertainment by 244.1% in the fourth quarter. IFP Advisors Inc now owns 117 shares of the company’s stock valued at $31,000 after acquiring an additional 83 shares during the period. Harbor Investment Advisory LLC increased its position in shares of Flutter Entertainment by 64.1% in the fourth quarter. Harbor Investment Advisory LLC now owns 128 shares of the company’s stock valued at $33,000 after acquiring an additional 50 shares during the period. Finally, UMB Bank n.a. boosted its stake in shares of Flutter Entertainment by 58.8% during the 4th quarter. UMB Bank n.a. now owns 135 shares of the company’s stock valued at $35,000 after purchasing an additional 50 shares in the last quarter.

Insider Transactions at Flutter Entertainment

In other news, Director Jeremy Peter Jackson sold 25,027 shares of the business’s stock in a transaction that occurred 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 completion of the transaction, the director now directly owns 21,148 shares of the company’s stock, valued at $5,539,930.08. The trade was a 54.20 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 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 transaction 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 ownership of the stock. The disclosure for this sale can be found here.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on FLUT. Truist Financial began coverage on shares of Flutter Entertainment in a research note on Wednesday, February 26th. They set a “buy” rating and a $330.00 target price on the stock. Peel Hunt raised shares of Flutter Entertainment from a “hold” rating to an “add” rating in a research note on Monday, March 10th. Benchmark lifted their target price on shares of Flutter Entertainment from $275.00 to $300.00 and gave the company a “buy” rating in a research note on Wednesday, March 5th. The Goldman Sachs Group began coverage on shares of Flutter Entertainment in a research note on Friday, November 22nd. They set a “buy” rating and a $320.00 target price on the stock. Finally, Wells Fargo & Company lifted their target price on shares of Flutter Entertainment from $285.00 to $300.00 and gave the company an “overweight” rating in a research note on Wednesday, March 5th. Nineteen research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, Flutter Entertainment presently has an average rating of “Buy” and an average target price of $311.41.

Flutter Entertainment Trading Up 2.5 %

Shares of NYSE FLUT opened at $237.19 on Monday. The firm’s 50 day moving average price is $264.74 and its 200-day moving average price is $252.46. The company has a market cap of $42.09 billion and a PE ratio of 1,078.13. Flutter Entertainment plc has a 52-week low of $174.03 and a 52-week high of $299.73. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.89 and a current ratio of 0.89.

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.