William Blair Investment Management LLC Invests $137.96 Million in Flutter Entertainment plc (NYSE:FLUT)

William Blair Investment Management LLC acquired a new stake in Flutter Entertainment plc (NYSE:FLUTFree Report) in the 4th quarter, Holdings Channel reports. The firm acquired 533,788 shares of the company’s stock, valued at approximately $137,958,000.

Other hedge funds have also recently bought and sold shares of the company. Farther Finance Advisors LLC raised its position 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 buying an additional 82 shares during the period. Raleigh Capital Management Inc. acquired a new position in Flutter Entertainment in the fourth quarter worth about $26,000. BOCHK Asset Management Ltd acquired a new position in Flutter Entertainment in the fourth quarter valued at approximately $26,000. IFP Advisors Inc boosted its stake in Flutter Entertainment by 244.1% in the fourth quarter. IFP Advisors Inc now owns 117 shares of the company’s stock valued at $31,000 after acquiring an additional 83 shares during the period. Finally, Harbor Investment Advisory LLC boosted its stake in Flutter Entertainment by 64.1% in the fourth quarter. Harbor Investment Advisory LLC now owns 128 shares of the company’s stock valued at $33,000 after acquiring an additional 50 shares during the period.

Insider Activity at Flutter Entertainment

In other news, Director Jeremy Peter Jackson sold 25,027 shares of the stock in a transaction 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 sale, 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 ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Amy Howe sold 11,814 shares of the 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 sale, the chief executive officer now owns 62,941 shares of the company’s stock, valued at approximately $16,396,130.50. This trade represents a 15.80 % decrease in their ownership of the stock. The disclosure for this sale can be found here.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on FLUT shares. JMP Securities increased their price objective on Flutter Entertainment from $299.00 to $311.00 and gave the stock a “market outperform” rating in a report on Monday, January 6th. Needham & Company LLC increased their price objective on Flutter Entertainment from $300.00 to $310.00 and gave the company a “buy” rating in a research report on Wednesday, March 5th. The Goldman Sachs Group started coverage on Flutter Entertainment in a report on Friday, November 22nd. They issued a “buy” rating and a $320.00 target price for the company. Peel Hunt upgraded Flutter Entertainment from a “hold” rating to an “add” rating in a report on Monday, March 10th. Finally, Citigroup reaffirmed an “outperform” rating on shares of Flutter Entertainment in a research note on Wednesday, March 5th. Nineteen 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, Flutter Entertainment currently has an average rating of “Buy” and an average target price of $311.41.

Read Our Latest Report on FLUT

Flutter Entertainment Stock Performance

Shares of Flutter Entertainment stock opened at $237.19 on Monday. The company has a 50 day moving average of $264.74 and a 200-day moving average of $252.46. Flutter Entertainment plc has a 1-year low of $174.03 and a 1-year high of $299.73. 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 company has a market cap of $42.09 billion and a PE ratio of 1,078.13.

About Flutter Entertainment

(Free Report)

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.

Recommended Stories

Want to see what other hedge funds are holding FLUT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Flutter Entertainment plc (NYSE:FLUTFree Report).

Institutional Ownership by Quarter for Flutter Entertainment (NYSE:FLUT)

Receive News & Ratings for Flutter Entertainment Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Flutter Entertainment and related companies with MarketBeat.com's FREE daily email newsletter.