Benjamin Edwards Inc. Acquires 515 Shares of Flutter Entertainment plc (NYSE:FLUT)

Benjamin Edwards Inc. raised its holdings in shares of Flutter Entertainment plc (NYSE:FLUT) by 43.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,693 shares of the company’s stock after acquiring an additional 515 shares during the quarter. Benjamin Edwards Inc.’s holdings in Flutter Entertainment were worth $438,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently modified their holdings of FLUT. Harbour Capital Advisors LLC bought a new stake in Flutter Entertainment during the fourth quarter valued at about $505,000. Benson Investment Management Company Inc. purchased a new position in shares of Flutter Entertainment during the 4th quarter valued at about $5,116,000. SeaCrest Wealth Management LLC bought a new position in shares of Flutter Entertainment during the 4th quarter valued at approximately $390,000. Park Avenue Securities LLC purchased a new stake in Flutter Entertainment in the 4th quarter worth approximately $669,000. Finally, Ritholtz Wealth Management raised its stake in Flutter Entertainment by 3.5% during 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.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on FLUT shares. Wells Fargo & Company increased their price objective 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. Benchmark reissued a “buy” rating and set a $300.00 price target on shares of Flutter Entertainment in a report on Monday, April 21st. BTIG Research dropped their price objective on Flutter Entertainment from $323.00 to $289.00 and set a “buy” rating for the company in a research note on Tuesday, April 22nd. Peel Hunt upgraded Flutter Entertainment from a “hold” rating to an “add” rating in a research report on Monday, March 10th. Finally, UBS Group boosted their price target on Flutter Entertainment from $335.00 to $340.00 and gave the stock a “buy” rating in a report on Thursday, March 6th. Twenty investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus price target of $306.28.

Insider Buying and Selling

In related news, Director Jeremy Peter Jackson sold 25,027 shares of the firm’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 transaction of $6,556,072.92. Following the completion of the sale, the director now directly owns 21,148 shares of the company’s stock, valued at approximately $5,539,930.08. This trade represents a 54.20 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible 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 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 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.

Flutter Entertainment Stock Performance

Flutter Entertainment stock opened at $234.76 on Friday. The company’s 50-day moving average price is $234.03 and its 200-day moving average price is $253.56. 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 company has a market cap of $41.48 billion and a PE ratio of 81.23. Flutter Entertainment plc has a twelve month low of $174.03 and a twelve month high of $299.73.

Flutter Entertainment (NYSE:FLUT) last issued its quarterly earnings data on Wednesday, May 7th. The company reported $1.59 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.89 by ($0.30). The company had revenue of $3.67 billion for the quarter, compared to analysts’ expectations of $3.06 billion. Flutter Entertainment had a negative net margin of 6.86% and a negative return on equity of 4.52%. The company’s revenue for the quarter was up 7.9% on a year-over-year basis. During the same quarter last year, the company earned $0.10 earnings per share. On average, equities research analysts forecast that Flutter Entertainment plc will post 4.17 EPS for the current fiscal year.

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.