2 weeks Ago By Defense World Staff
Envestnet Portfolio Solutions Inc. increased its position in Flutter Entertainment plc (NYSE:FLUT – Free Report) by 172.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC).
The firm owned 2,604 shares of the company’s stock after buying an additional 1,648 shares during the period. Envestnet Portfolio Solutions Inc.’s holdings in Flutter Entertainment were worth $673,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. FMR LLC increased its holdings in shares of Flutter Entertainment by 13.2% during the third quarter.
FMR LLC now owns 3,375,670 shares of the company’s stock valued at $794,362,000 after acquiring an additional 393,122 shares in the last quarter. Bank of Montreal Can grew its position in Flutter Entertainment by 868.5% in the 3rd quarter.
Bank of Montreal Can now owns 3,367,022 shares of the company’s stock valued at $798,927,000 after purchasing an additional 3,019,376 shares during the period. Cantillon Capital Management LLC increased its stake in Flutter Entertainment by 0.5% during the 4th quarter.
Cantillon Capital Management LLC now owns 2,410,178 shares of the company’s stock valued at $622,911,000 after purchasing an additional 12,794 shares in the last quarter. Egerton Capital UK LLP raised its holdings in Flutter Entertainment by 3.4% during the fourth quarter.
Egerton Capital UK LLP now owns 1,877,383 shares of the company’s stock worth $485,210,000 after buying an additional 61,833 shares during the last quarter. Finally, Geode Capital Management LLC acquired a new position in Flutter Entertainment during the third quarter worth $436,599,000. Insider Transactions at Flutter EntertainmentIn related news, Director Jeremy Peter Jackson sold 25,027 shares of the business’s stock in a transaction on 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 sale, the director now directly owns 21,148 shares in the company, valued at approximately $5,539,930.08. The trade was a 54.
20 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Amy Howe sold 11,814 shares of the 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 sale, the chief executive officer now directly owns 62,941 shares in the company, valued at $16,396,130.50. This trade represents a 15.
80 % decrease in their position. The disclosure for this sale can be found here. Analysts Set New Price TargetsFLUT has been the subject of several recent research reports.
JMP Securities boosted their target price on shares of Flutter Entertainment from $299.00 to $311.00 and gave the stock a “market outperform” rating in a research report on Monday, January 6th.
Needham & Company LLC increased their price objective on Flutter Entertainment from $300.00 to $310.00 and gave the stock a “buy” rating in a research note on Wednesday, March 5th.
Truist Financial assumed coverage on Flutter Entertainment in a report on Wednesday, February 26th. They issued a “buy” rating and a $330.00 target price on the stock.
BTIG Research set a $323.00 price target on Flutter Entertainment in a research report on Monday, February 3rd. Finally, Barclays lifted their price objective on shares of Flutter Entertainment from $301.
00 to $308.00 and gave the stock an “overweight” rating in a report on Wednesday, March 5th. Nineteen analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company.
According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus price target of $311.41.Read Our Latest Analysis on Flutter EntertainmentFlutter Entertainment Stock PerformanceNYSE:FLUT opened at $247.
02 on Tuesday. The company has a market capitalization of $43.84 billion and a P/E ratio of 1,122.
80. The business has a fifty day simple moving average of $263.02 and a two-hundred day simple moving average of $253.
65. 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 1 year low of $174.
03 and a 1 year high of $299.73. Flutter Entertainment 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.Featured ArticlesFive stocks we like better than Flutter EntertainmentHow to start investing in penny stocksSuper Micro Stock: $7.
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