Sciencast Management LP Purchases New Holdings in Flutter Entertainment plc (NYSE:FLUT)

Sciencast Management LP acquired a new position in shares of Flutter Entertainment plc (NYSE:FLUT) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 8,435 shares of the company’s stock, valued at approximately $2,180,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in FLUT. Harvest Fund Management Co. Ltd bought a new position in shares of Flutter Entertainment in the fourth quarter worth $25,000. Farther Finance Advisors LLC increased its holdings in Flutter Entertainment by 585.7% in the 4th quarter. Farther Finance Advisors LLC now owns 96 shares of the company’s stock valued at $25,000 after buying an additional 82 shares during the period. Raleigh Capital Management Inc. bought a new position in Flutter Entertainment in the 4th quarter valued at about $26,000. BOCHK Asset Management Ltd bought a new stake in shares of Flutter Entertainment during the 4th quarter worth approximately $26,000. Finally, IFP Advisors Inc boosted its position in shares of Flutter Entertainment by 244.1% during the 4th 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.

Insiders Place Their Bets

In other Flutter Entertainment news, Director Jeremy Peter Jackson sold 25,027 shares of the firm’s stock in a transaction on Thursday, March 6th. The shares were sold at an average price of $261.96, for a total value of $6,556,072.92. Following the completion of the sale, the director now directly owns 21,148 shares in the company, valued at approximately $5,539,930.08. This trade represents a 54.20 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Amy Howe sold 11,814 shares of the company’s stock in a transaction dated Thursday, March 6th. The shares were 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 in the company, valued at $16,396,130.50. This represents a 15.80 % decrease in their position. The disclosure for this sale can be found here.

Analysts Set New Price Targets

Several research analysts have commented on the stock. Truist Financial started coverage on Flutter Entertainment in a research note on Wednesday, February 26th. They set a “buy” rating and a $330.00 target price for the company. JMP Securities raised their price objective on Flutter Entertainment from $299.00 to $311.00 and gave the company a “market outperform” rating in a research note on Monday, January 6th. Macquarie reissued an “outperform” rating and issued a $340.00 target price on shares of Flutter Entertainment in a report on Wednesday, March 5th. Citigroup reiterated an “outperform” rating on shares of Flutter Entertainment in a research report on Wednesday, March 5th. Finally, Benchmark raised their target price on shares of Flutter Entertainment from $275.00 to $300.00 and gave the company a “buy” rating in a research report on Wednesday, March 5th. Nineteen investment 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, Flutter Entertainment has an average rating of “Buy” and an average target price of $311.41.

Flutter Entertainment Trading Up 0.1 %

FLUT opened at $241.20 on Friday. Flutter Entertainment plc has a twelve month low of $174.03 and a twelve month high of $299.73. The company has a fifty day moving average of $263.22 and a 200-day moving average of $252.85. The stock has a market cap of $42.81 billion and a PE ratio of 1,096.37. The company has a quick ratio of 0.89, a current 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.