Flutter Entertainment plc (NYSE:FLUT) Shares Sold by Sequoia Financial Advisors LLC

Sequoia Financial Advisors LLC lowered its position in Flutter Entertainment plc (NYSE:FLUT) by 4.0% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,783 shares of the company’s stock after selling 74 shares during the period. Sequoia Financial Advisors LLC’s holdings in Flutter Entertainment were worth $461,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of the company. Massachusetts Financial Services Co. MA acquired a new stake in Flutter Entertainment in the 3rd quarter valued at $849,474,000. FMR LLC lifted its holdings in Flutter Entertainment by 13.2% during the third quarter. FMR LLC now owns 3,375,670 shares of the company’s stock valued at $794,362,000 after purchasing an additional 393,122 shares in the last quarter. Bank of Montreal Can grew its position in shares of Flutter Entertainment by 868.5% in the third quarter. Bank of Montreal Can now owns 3,367,022 shares of the company’s stock valued at $798,927,000 after purchasing an additional 3,019,376 shares during the period. Cantillon Capital Management LLC grew its position in shares of Flutter Entertainment by 0.5% in the fourth quarter. Cantillon Capital Management LLC now owns 2,410,178 shares of the company’s stock valued at $622,911,000 after purchasing an additional 12,794 shares during the period. Finally, Geode Capital Management LLC purchased a new stake in shares of Flutter Entertainment during the third quarter worth about $436,599,000.

Insider Activity

In other news, CEO Amy Howe sold 11,814 shares of the company’s stock in a transaction that occurred 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 transaction, the chief executive officer now directly owns 62,941 shares in the company, valued at approximately $16,396,130.50. This represents a 15.80 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Jeremy Peter Jackson sold 25,027 shares of Flutter Entertainment 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 completion of the sale, the director now owns 21,148 shares of the company’s stock, valued at $5,539,930.08. This trade represents a 54.20 % decrease in their position. The disclosure for this sale can be found here.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on FLUT shares. Needham & Company LLC raised their price target on shares of Flutter Entertainment from $300.00 to $310.00 and gave the company a “buy” rating in a research note on Wednesday, March 5th. Wells Fargo & Company raised their target price on Flutter Entertainment from $285.00 to $300.00 and gave the company an “overweight” rating in a research report on Wednesday, March 5th. JMP Securities boosted their price target on Flutter Entertainment from $299.00 to $311.00 and gave the stock a “market outperform” rating in a research report on Monday, January 6th. Truist Financial initiated coverage on Flutter Entertainment in a report on Wednesday, February 26th. They issued a “buy” rating and a $330.00 price objective on the stock. Finally, BTIG Research set a $323.00 target price on shares of Flutter Entertainment in a report on Monday, February 3rd. Nineteen analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Buy” and an average target price of $311.41.

Flutter Entertainment Trading Down 2.2 %

Shares of Flutter Entertainment stock opened at $234.10 on Wednesday. The stock has a 50 day moving average of $264.05 and a 200 day moving average of $252.81. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.89 and a current ratio of 0.89. The firm has a market capitalization of $41.55 billion and a price-to-earnings ratio of 1,064.09. Flutter Entertainment plc has a fifty-two week low of $174.03 and a fifty-two week high of $299.73.

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.