Flutter Entertainment plc (NYSE:FLUT) Shares Sold by Soros Capital Management LLC

Soros Capital Management LLC decreased its holdings in Flutter Entertainment plc (NYSE:FLUT) by 7.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 87,586 shares of the company’s stock after selling 6,910 shares during the period. Flutter Entertainment comprises 3.6% of Soros Capital Management LLC’s portfolio, making the stock its 9th largest holding. Soros Capital Management LLC’s holdings in Flutter Entertainment were worth $22,637,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Virtu Financial LLC raised its holdings in Flutter Entertainment by 56.2% in the 3rd quarter. Virtu Financial LLC now owns 7,371 shares of the company’s stock valued at $1,749,000 after acquiring an additional 2,652 shares in the last quarter. Sanctuary Advisors LLC bought a new stake in Flutter Entertainment during the 3rd quarter worth about $802,000. Lord Abbett & CO. LLC acquired a new stake in Flutter Entertainment during the 3rd quarter worth $24,464,000. Harbour Capital Advisors LLC acquired a new stake in shares of Flutter Entertainment in the 4th quarter valued at approximately $505,000. Finally, Benson Investment Management Company Inc. bought a new position in Flutter Entertainment during the fourth quarter worth about $5,116,000.

Insider Buying and Selling

In related news, CEO Amy Howe sold 11,814 shares of the company’s stock in a transaction dated 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 directly owns 62,941 shares of the company’s stock, valued at $16,396,130.50. This represents a 15.80 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Director Jeremy Peter Jackson sold 25,027 shares of the firm’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 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.

Analyst Ratings Changes

Several analysts have issued reports on FLUT shares. Susquehanna dropped their price target on Flutter Entertainment from $317.00 to $315.00 and set a “positive” rating on the stock in a research note on Wednesday, March 5th. BTIG Research set a $323.00 price objective on shares of Flutter Entertainment in a research report on Monday, February 3rd. Citizens Jmp decreased their target price on Flutter Entertainment from $328.00 to $317.00 and set an “outperform” rating on the stock in a report on Monday, April 14th. Needham & Company LLC increased their price target on shares of Flutter Entertainment from $300.00 to $310.00 and gave the company a “buy” rating in a report on Wednesday, March 5th. Finally, Benchmark increased their price objective on Flutter Entertainment from $275.00 to $300.00 and gave the stock a “buy” rating in a research report on Wednesday, March 5th. Twenty analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus price target of $312.06.

Flutter Entertainment Price Performance

FLUT stock opened at $227.42 on Monday. Flutter Entertainment plc has a 12 month low of $174.03 and a 12 month high of $299.73. The company has a 50-day moving average price of $246.72 and a 200 day moving average price of $253.12. The stock has a market cap of $40.36 billion and a PE ratio of 1,033.70. The company has a current ratio of 0.89, a quick ratio of 0.89 and a debt-to-equity ratio of 0.66.

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.