5,299 Shares in Flutter Entertainment plc (NYSE:FLUT) Bought by Allstate Corp

Allstate Corp purchased a new position in Flutter Entertainment plc (NYSE:FLUT) in the fourth quarter, HoldingsChannel reports. The fund purchased 5,299 shares of the company’s stock, valued at approximately $1,370,000.

A number of other institutional investors have also added to or reduced their stakes in FLUT. Norges Bank purchased a new stake in shares of Flutter Entertainment in the 4th quarter worth approximately $946,681,000. Geode Capital Management LLC bought a new position in shares of Flutter Entertainment during the third quarter valued at $436,599,000. State Street Corp raised its position in shares of Flutter Entertainment by 61,014.6% in the 3rd quarter. State Street Corp now owns 1,011,447 shares of the company’s stock worth $239,996,000 after purchasing an additional 1,009,792 shares during the last quarter. Jennison Associates LLC bought a new position in Flutter Entertainment in the 4th quarter worth about $239,306,000. Finally, William Blair Investment Management LLC purchased a new stake in Flutter Entertainment during the 4th quarter valued at about $137,958,000.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on the stock. Susquehanna cut their price target on shares of Flutter Entertainment from $317.00 to $315.00 and set a “positive” rating on the stock in a report on Wednesday, March 5th. Peel Hunt raised Flutter Entertainment from a “hold” rating to an “add” rating in a report on Monday, March 10th. BTIG Research set a $323.00 price objective on Flutter Entertainment in a report on Monday, February 3rd. Stifel Nicolaus began coverage on shares of Flutter Entertainment in a research note on Friday, January 17th. They set a “buy” rating and a $320.00 target price on the stock. 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 note on Thursday, March 6th. Nineteen investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average target price of $311.41.

Insiders Place Their Bets

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

Flutter Entertainment Stock Down 3.8 %

Shares of FLUT stock opened at $228.35 on Monday. The stock’s fifty day moving average price is $261.17 and its 200 day moving average price is $254.15. Flutter Entertainment plc has a 1-year low of $174.03 and a 1-year high of $299.73. The company has a market cap of $40.53 billion and a price-to-earnings ratio of 1,037.97. The company has a debt-to-equity ratio of 0.66, a current ratio of 0.89 and a quick ratio of 0.89.

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.