Flutter Entertainment plc (NYSE:FLUT) Shares Sold by PNC Financial Services Group Inc.

PNC Financial Services Group Inc. lessened its holdings in shares of Flutter Entertainment plc (NYSE:FLUT) by 60.5% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 797 shares of the company’s stock after selling 1,223 shares during the quarter. PNC Financial Services Group Inc.’s holdings in Flutter Entertainment were worth $206,000 at the end of the most recent quarter.

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

Flutter Entertainment Stock Performance

Shares of Flutter Entertainment stock opened at $241.20 on Monday. 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 plc has a 1 year low of $174.03 and a 1 year high of $299.73. The firm’s 50-day simple moving average is $263.22 and its 200-day simple moving average is $253.43. The firm has a market cap of $42.81 billion and a PE ratio of 1,096.37.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on FLUT. Truist Financial started coverage on shares of Flutter Entertainment in a research note on Wednesday, February 26th. They set a “buy” rating and a $330.00 price target on the stock. Macquarie reaffirmed an “outperform” rating and issued a $340.00 target price on shares of Flutter Entertainment in a research report on Wednesday, March 5th. UBS Group boosted 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. Benchmark raised their price objective on Flutter Entertainment from $275.00 to $300.00 and gave the stock a “buy” rating in a report on Wednesday, March 5th. Finally, JMP Securities lifted their price objective on Flutter Entertainment from $299.00 to $311.00 and gave the company a “market outperform” rating in a research note on Monday, January 6th. Nineteen analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, Flutter Entertainment has an average rating of “Buy” and a consensus price target of $311.41.

Insider Buying and Selling at Flutter Entertainment

In other Flutter Entertainment news, CEO Amy Howe sold 11,814 shares of the business’s stock in a transaction 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 completion of the sale, the chief executive officer now owns 62,941 shares in the company, valued at $16,396,130.50. The trade was a 15.80 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, 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 transaction of $6,556,072.92. Following the completion of the transaction, the director now owns 21,148 shares in the company, valued at approximately $5,539,930.08. The trade was a 54.20 % decrease in their ownership of the stock. The disclosure for this sale can be found here.

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.