Bank of Montreal Can Reduces Holdings in Flutter Entertainment plc (NYSE:FLUT)

Bank of Montreal Can reduced its holdings in shares of Flutter Entertainment plc (NYSE:FLUT) by 94.0% during the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 202,010 shares of the company’s stock after selling 3,165,012 shares during the period. Bank of Montreal Can owned approximately 0.11% of Flutter Entertainment worth $52,209,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Harbor Investment Advisory LLC grew its position in 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 purchasing an additional 50 shares during the last quarter. UMB Bank n.a. grew its position in Flutter Entertainment by 58.8% during the 4th quarter. UMB Bank n.a. now owns 135 shares of the company’s stock worth $35,000 after purchasing an additional 50 shares during the last quarter. Seelaus Asset Management LLC lifted its stake in shares of Flutter Entertainment by 6.4% in the 4th quarter. Seelaus Asset Management LLC now owns 914 shares of the company’s stock worth $236,000 after acquiring an additional 55 shares during the period. Ritholtz Wealth Management lifted its stake in shares of Flutter Entertainment by 3.5% in the 4th quarter. Ritholtz Wealth Management now owns 1,725 shares of the company’s stock worth $446,000 after acquiring an additional 59 shares during the period. Finally, Farther Finance Advisors LLC lifted its stake in shares of Flutter Entertainment by 585.7% in the 4th quarter. Farther Finance Advisors LLC now owns 96 shares of the company’s stock worth $25,000 after acquiring an additional 82 shares during the period.

Flutter Entertainment Stock Performance

NYSE:FLUT opened at $237.06 on Thursday. The company has a current ratio of 0.89, a quick ratio of 0.89 and a debt-to-equity ratio of 0.66. The firm has a 50-day moving average price of $251.95 and a two-hundred day moving average price of $253.36. Flutter Entertainment plc has a twelve month low of $174.03 and a twelve month high of $299.73. The company has a market capitalization of $42.07 billion and a P/E ratio of 1,077.52.

Analyst Ratings Changes

FLUT has been the subject of several recent analyst reports. Susquehanna reduced their target price on shares of Flutter Entertainment from $317.00 to $315.00 and set a “positive” rating for the company in a research note on Wednesday, March 5th. UBS Group raised their target price on shares of Flutter Entertainment from $335.00 to $340.00 and gave the stock a “buy” rating in a research note on Thursday, March 6th. Wells Fargo & Company raised their target price on shares of Flutter Entertainment from $285.00 to $300.00 and gave the stock an “overweight” rating in a research note on Wednesday, March 5th. BTIG Research set a $323.00 target price on shares of Flutter Entertainment in a research note on Monday, February 3rd. Finally, Stifel Nicolaus initiated coverage on shares of Flutter Entertainment in a research note on Friday, January 17th. They issued a “buy” rating and a $320.00 target price for the company. Nineteen investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Buy” and an average target price of $311.41.

Insider Buying and Selling at Flutter Entertainment

In other news, 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 value of $3,077,547.00. Following the completion of the transaction, the chief executive officer now 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 transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, 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 approximately $5,539,930.08. This represents a 54.20 % decrease in their position. 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.