Royal London Asset Management Ltd. Has $36.38 Million Position in Flutter Entertainment plc (NYSE:FLUT)

Royal London Asset Management Ltd. increased its position in shares of Flutter Entertainment plc (NYSE:FLUT) by 1.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 140,765 shares of the company’s stock after purchasing an additional 1,655 shares during the period. Royal London Asset Management Ltd.’s holdings in Flutter Entertainment were worth $36,381,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in FLUT. Harvest Fund Management Co. Ltd acquired a new position in Flutter Entertainment in the 4th quarter valued at $25,000. Farther Finance Advisors LLC raised 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 acquiring an additional 82 shares in the last quarter. Raleigh Capital Management Inc. acquired a new position in Flutter Entertainment in the 4th quarter valued at $26,000. BOCHK Asset Management Ltd acquired a new position in Flutter Entertainment in the 4th quarter valued at $26,000. Finally, IFP Advisors Inc raised its holdings in Flutter Entertainment by 244.1% in the 4th quarter. IFP Advisors Inc now owns 117 shares of the company’s stock valued at $31,000 after acquiring an additional 83 shares in the last quarter.

Insider Buying and Selling

In other Flutter Entertainment news, CEO Amy Howe sold 11,814 shares of the company’s stock in a transaction dated Thursday, March 6th. The stock was sold at an average price of $260.50, for a total value of $3,077,547.00. Following the sale, the chief executive officer now owns 62,941 shares in the company, valued at approximately $16,396,130.50. The trade was a 15.80 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Jeremy Peter Jackson sold 25,027 shares of the company’s stock in a transaction dated 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 owns 21,148 shares in the company, 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.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on FLUT shares. 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 price objective for the company. Stifel Nicolaus assumed coverage on Flutter Entertainment in a report on Friday, January 17th. They issued a “buy” rating and a $320.00 price objective for the company. 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 report on Monday, January 6th. Peel Hunt raised Flutter Entertainment from a “hold” rating to an “add” rating in a report on Monday, March 10th. Finally, Citigroup reissued an “outperform” rating on shares of Flutter Entertainment in a report on Wednesday, March 5th. Nineteen analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus price target of $311.41.

Flutter Entertainment Trading Down 0.4 %

Shares of FLUT stock opened at $240.70 on Friday. The firm has a market capitalization of $42.72 billion and a P/E ratio of 1,094.07. Flutter Entertainment plc has a twelve month low of $174.03 and a twelve month high of $299.73. 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 stock’s fifty day simple moving average is $263.47 and its 200 day simple moving average is $252.65.

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.