Egerton Capital UK LLP Buys 61,833 Shares of Flutter Entertainment plc (NYSE:FLUT)

Egerton Capital UK LLP lifted its holdings in Flutter Entertainment plc (NYSE:FLUT) by 3.4% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,877,383 shares of the company’s stock after acquiring an additional 61,833 shares during the period. Flutter Entertainment makes up approximately 5.6% of Egerton Capital UK LLP’s investment portfolio, making the stock its 5th largest position. Egerton Capital UK LLP owned about 1.06% of Flutter Entertainment worth $485,210,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of the business. US Bancorp DE lifted its position in Flutter Entertainment by 71.7% during the third quarter. US Bancorp DE now owns 237 shares of the company’s stock worth $56,000 after purchasing an additional 99 shares during the period. Venturi Wealth Management LLC bought a new position in Flutter Entertainment in the 3rd quarter valued at approximately $82,000. GSA Capital Partners LLP raised its holdings in Flutter Entertainment by 48.3% in the 3rd quarter. GSA Capital Partners LLP now owns 12,034 shares of the company’s stock valued at $2,855,000 after buying an additional 3,922 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. bought a new position in Flutter Entertainment in the 3rd quarter valued at approximately $79,287,000. Finally, Aigen Investment Management LP acquired a new stake in Flutter Entertainment during the 3rd quarter valued at approximately $2,600,000.

Flutter Entertainment Stock Up 1.8 %

Shares of NYSE FLUT opened at $231.63 on Wednesday. Flutter Entertainment plc has a 12 month low of $174.03 and a 12 month high of $299.73. 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 firm has a market capitalization of $41.11 billion and a price-to-earnings ratio of 1,052.85. The business has a 50-day moving average of $266.07 and a 200-day moving average of $251.91.

Insider Transactions at Flutter Entertainment

In related news, CEO Amy Howe sold 11,814 shares of the business’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 completion of the sale, the chief executive officer now owns 62,941 shares in the company, valued at $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 available through the SEC website. Also, Director Jeremy Peter Jackson sold 25,027 shares of the business’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 value 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. The trade was a 54.20 % decrease in their position. The disclosure for this sale can be found here.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on FLUT shares. Susquehanna decreased their target price on shares of Flutter Entertainment from $317.00 to $315.00 and set a “positive” rating for the company in a research report on Wednesday, March 5th. The Goldman Sachs Group started coverage on shares of Flutter Entertainment in a research report on Friday, November 22nd. They issued a “buy” rating and a $320.00 price target for the company. Craig Hallum raised their price objective on Flutter Entertainment from $275.00 to $350.00 and gave the company a “buy” rating in a research note on Wednesday, November 13th. Needham & Company LLC raised their price objective on Flutter Entertainment from $300.00 to $310.00 and gave the company a “buy” rating in a research note on Wednesday, March 5th. Finally, Barclays lifted their target price on Flutter Entertainment from $301.00 to $308.00 and gave the stock an “overweight” rating in a research note on Wednesday, March 5th. Twenty equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus target price of $311.41.

Flutter Entertainment Company 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.