Sei Investments Co. Has $15.05 Million Stock Holdings in Flutter Entertainment plc (NYSE:FLUT)

Sei Investments Co. lifted its stake in shares of Flutter Entertainment plc (NYSE:FLUT) by 137.1% during the 4th quarter, HoldingsChannel.com reports. The firm owned 58,214 shares of the company’s stock after buying an additional 33,663 shares during the period. Sei Investments Co.’s holdings in Flutter Entertainment were worth $15,046,000 at the end of the most recent reporting period.

A number of other hedge funds also recently modified their holdings of FLUT. Cantillon Capital Management LLC grew its stake in Flutter Entertainment by 0.5% during the fourth quarter. Cantillon Capital Management LLC now owns 2,410,178 shares of the company’s stock worth $622,911,000 after buying an additional 12,794 shares in the last quarter. Egerton Capital UK LLP boosted its position in shares of Flutter Entertainment by 3.4% during the 4th quarter. Egerton Capital UK LLP now owns 1,877,383 shares of the company’s stock worth $485,210,000 after acquiring an additional 61,833 shares in the last quarter. Geode Capital Management LLC bought a new position in Flutter Entertainment in the third quarter valued at approximately $436,599,000. State Street Corp raised its position in Flutter Entertainment by 61,014.6% during the third quarter. State Street Corp now owns 1,011,447 shares of the company’s stock valued at $239,996,000 after purchasing an additional 1,009,792 shares in the last quarter. Finally, Jennison Associates LLC bought a new stake in Flutter Entertainment during the fourth quarter worth $239,306,000.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on FLUT shares. Barclays lifted their price target on Flutter Entertainment from $301.00 to $308.00 and gave the company an “overweight” rating in a research note on Wednesday, March 5th. Macquarie reissued an “outperform” rating and set a $340.00 target price on shares of Flutter Entertainment in a research note on Wednesday, March 5th. UBS Group increased their target price on shares of Flutter Entertainment from $335.00 to $340.00 and gave the stock a “buy” rating in a report on Thursday, March 6th. JMP Securities lifted their price target on shares of Flutter Entertainment from $299.00 to $311.00 and gave the company a “market outperform” rating in a report on Monday, January 6th. Finally, BTIG Research set a $323.00 price objective on shares of Flutter Entertainment in a research note on Monday, February 3rd. Nineteen research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Buy” and an average price target of $311.41.

Insider Buying and Selling at Flutter Entertainment

In related news, Director Jeremy Peter Jackson sold 25,027 shares of the company’s stock in a transaction dated 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 sale, the director now owns 21,148 shares in the company, valued at $5,539,930.08. This represents a 54.20 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Amy Howe sold 11,814 shares of the firm’s stock in a transaction that occurred on 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 directly owns 62,941 shares of the company’s stock, valued at $16,396,130.50. This represents a 15.80 % decrease in their position. The disclosure for this sale can be found here.

Flutter Entertainment Trading Down 3.8 %

Shares of FLUT stock opened at $228.35 on Friday. The stock has a 50-day moving average of $261.17 and a 200-day moving average of $253.67. 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 stock has a market cap of $40.53 billion and a price-to-earnings ratio of 1,037.97. Flutter Entertainment plc has a 1-year low of $174.03 and a 1-year high of $299.73.

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.