Schonfeld Strategic Advisors LLC Has $26.02 Million Holdings in Flutter Entertainment plc (NYSE:FLUT)

Schonfeld Strategic Advisors LLC increased its stake in shares of Flutter Entertainment plc (NYSE:FLUT) by 206.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 100,668 shares of the company’s stock after acquiring an additional 67,800 shares during the period. Schonfeld Strategic Advisors LLC owned about 0.06% of Flutter Entertainment worth $26,018,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Parvus Asset Management Europe Ltd bought a new position in shares of Flutter Entertainment during the fourth quarter worth about $2,146,227,000. Norges Bank acquired a new position in Flutter Entertainment during the 4th quarter worth approximately $946,681,000. Invesco Ltd. bought a new position in shares of Flutter Entertainment during the 4th quarter worth approximately $621,680,000. Lone Pine Capital LLC bought a new stake in shares of Flutter Entertainment in the fourth quarter worth $494,291,000. Finally, Capital World Investors lifted its position in shares of Flutter Entertainment by 11.9% in the fourth quarter. Capital World Investors now owns 15,426,515 shares of the company’s stock worth $3,986,968,000 after purchasing an additional 1,635,241 shares in the last quarter.

Insider Activity at Flutter Entertainment

In related news, CEO Amy Howe sold 11,814 shares of the company’s stock in a transaction that occurred on 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 represents a 15.80 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Jeremy Peter Jackson sold 25,027 shares of the 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 sale, the director now directly owns 21,148 shares of the company’s stock, valued at $5,539,930.08. This represents a 54.20 % decrease in their position. The disclosure for this sale can be found here.

Flutter Entertainment Trading Up 0.9 %

NYSE FLUT opened at $235.27 on Tuesday. The company has a market cap of $41.75 billion and a price-to-earnings ratio of 1,069.41. 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 business’s fifty day moving average is $239.41 and its 200 day moving average is $252.94. Flutter Entertainment plc has a twelve month low of $174.03 and a twelve month high of $299.73.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the stock. Barclays lowered their price target on shares of Flutter Entertainment from $308.00 to $300.00 and set an “overweight” rating on the stock in a research note on Tuesday, April 22nd. Macquarie reissued an “outperform” rating and set a $340.00 price target on shares of Flutter Entertainment in a research report on Wednesday, March 5th. Susquehanna lowered their price target on Flutter Entertainment from $317.00 to $315.00 and set a “positive” rating on the stock in a research report on Wednesday, March 5th. UBS Group increased their price objective on Flutter Entertainment from $335.00 to $340.00 and gave the company a “buy” rating in a report on Thursday, March 6th. Finally, Citizens Jmp lowered their target price on shares of Flutter Entertainment from $328.00 to $317.00 and set an “outperform” rating on the stock in a report on Monday, April 14th. Twenty equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus price target of $306.67.

Flutter Entertainment 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.