Capital International Ltd. CA Raises Position in Flutter Entertainment plc (NYSE:FLUT)

Capital International Ltd. CA increased its position in Flutter Entertainment plc (NYSE:FLUT) by 36.9% in the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 11,445 shares of the company’s stock after acquiring an additional 3,086 shares during the quarter. Capital International Ltd. CA’s holdings in Flutter Entertainment were worth $2,958,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of FLUT. Harvest Fund Management Co. Ltd purchased a new stake in Flutter Entertainment during the 4th quarter worth about $25,000. Farther Finance Advisors LLC grew its stake in 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 buying an additional 82 shares in the last quarter. Raleigh Capital Management Inc. bought a new position in Flutter Entertainment in the fourth quarter valued at $26,000. BOCHK Asset Management Ltd bought a new position in shares of Flutter Entertainment during the 4th quarter valued at about $26,000. Finally, IFP Advisors Inc raised its stake in shares of Flutter Entertainment by 244.1% during the fourth quarter. IFP Advisors Inc now owns 117 shares of the company’s stock worth $31,000 after acquiring an additional 83 shares in the last quarter.

Flutter Entertainment Stock Performance

Shares of FLUT opened at $227.42 on Friday. Flutter Entertainment plc has a 52 week low of $174.03 and a 52 week high of $299.73. 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 stock has a market cap of $40.36 billion and a price-to-earnings ratio of 1,033.70. The business has a 50-day simple moving average of $246.72 and a two-hundred day simple moving average of $252.86.

Analyst Upgrades and Downgrades

FLUT has been the subject of a number of recent research reports. JMP Securities lowered their target price on Flutter Entertainment from $328.00 to $317.00 and set a “market outperform” rating for the company in a research note on Monday, April 14th. Barclays lifted 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. Susquehanna decreased 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. Citigroup reaffirmed an “outperform” rating on shares of Flutter Entertainment in a research note on Wednesday, March 5th. Finally, Wells Fargo & Company upped their price target 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. Twenty equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus target price of $312.06.

Insider Buying and Selling

In other Flutter Entertainment news, Director Jeremy Peter Jackson sold 25,027 shares of the company’s stock in a transaction that occurred on 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 completion of the transaction, the director now directly owns 21,148 shares in the company, valued at $5,539,930.08. This represents a 54.20 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Amy Howe sold 11,814 shares of the company’s stock in a transaction on Thursday, March 6th. The stock was 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 owns 62,941 shares of the company’s stock, valued at approximately $16,396,130.50. This represents a 15.80 % 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.