Nomura Asset Management Co. Ltd. Has $12.78 Million Holdings in Flutter Entertainment plc (NYSE:FLUT)

Nomura Asset Management Co. Ltd. trimmed its holdings in shares of Flutter Entertainment plc (NYSE:FLUT) by 0.7% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 49,440 shares of the company’s stock after selling 360 shares during the period. Nomura Asset Management Co. Ltd.’s holdings in Flutter Entertainment were worth $12,778,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of the business. Blair William & Co. IL acquired a new stake in shares of Flutter Entertainment in the fourth quarter valued at $225,000. Norges Bank acquired a new stake in Flutter Entertainment in the 4th quarter valued at about $946,681,000. Artisan Partners Limited Partnership bought a new position in shares of Flutter Entertainment in the fourth quarter worth about $98,785,000. Mitsubishi UFJ Asset Management Co. Ltd. lifted its position in shares of Flutter Entertainment by 8.7% during the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 127,301 shares of the company’s stock worth $32,686,000 after purchasing an additional 10,232 shares in the last quarter. Finally, Korea Investment CORP grew its stake in shares of Flutter Entertainment by 52.1% during the fourth quarter. Korea Investment CORP now owns 256,254 shares of the company’s stock valued at $66,229,000 after purchasing an additional 87,776 shares during the last quarter.

Flutter Entertainment Price Performance

NYSE FLUT opened at $228.35 on Monday. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.89 and a current ratio of 0.89. Flutter Entertainment plc has a 52-week low of $174.03 and a 52-week high of $299.73. The business has a 50 day simple moving average of $261.17 and a 200 day simple moving average of $254.15. The stock has a market cap of $40.53 billion and a price-to-earnings ratio of 1,037.97.

Insider Transactions at Flutter Entertainment

In other Flutter Entertainment news, Director Jeremy Peter Jackson sold 25,027 shares of the company’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 transaction, the director now 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 transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Amy Howe sold 11,814 shares of the business’s 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 completion of the sale, 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 disclosure for this sale can be found here.

Analyst Ratings Changes

FLUT has been the topic of several research reports. Truist Financial started coverage on Flutter Entertainment in a report on Wednesday, February 26th. They set a “buy” rating and a $330.00 price objective on the stock. Wells Fargo & Company upped their price target on Flutter Entertainment from $285.00 to $300.00 and gave the company an “overweight” rating in a research note on Wednesday, March 5th. JMP Securities boosted 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 raised their target price 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. Finally, UBS Group lifted their price target on shares of Flutter Entertainment from $335.00 to $340.00 and gave the stock a “buy” rating in a research report on Thursday, March 6th. Nineteen equities research 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, the company currently has a consensus rating of “Buy” and an average price target of $311.41.

About Flutter Entertainment

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.