Jones Financial Companies Lllp Increases Position in Flutter Entertainment plc (NYSE:FLUT)

Jones Financial Companies Lllp lifted its position in Flutter Entertainment plc (NYSE:FLUT) by 151.0% in the fourth quarter, HoldingsChannel.com reports. The firm owned 389 shares of the company’s stock after purchasing an additional 234 shares during the quarter. Jones Financial Companies Lllp’s holdings in Flutter Entertainment were worth $101,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Raleigh Capital Management Inc. purchased a new stake in shares of Flutter Entertainment in the fourth quarter worth $26,000. BOCHK Asset Management Ltd purchased a new stake in shares of Flutter Entertainment in the fourth quarter worth $26,000. IFP Advisors Inc increased its stake in shares of Flutter Entertainment by 244.1% in the fourth quarter. IFP Advisors Inc now owns 117 shares of the company’s stock worth $31,000 after purchasing an additional 83 shares in the last quarter. Harbor Investment Advisory LLC increased its stake in shares of Flutter Entertainment by 64.1% in the fourth quarter. Harbor Investment Advisory LLC now owns 128 shares of the company’s stock worth $33,000 after purchasing an additional 50 shares in the last quarter. Finally, UMB Bank n.a. increased its stake in shares of Flutter Entertainment by 58.8% in the fourth quarter. UMB Bank n.a. now owns 135 shares of the company’s stock worth $35,000 after purchasing an additional 50 shares in the last quarter.

Wall Street Analysts Forecast Growth

FLUT has been the subject of a number of research reports. Wells Fargo & Company upped their target price on shares of Flutter Entertainment from $285.00 to $300.00 and gave the stock an “overweight” rating in a research report on Wednesday, March 5th. JMP Securities upped their target price on shares of Flutter Entertainment from $299.00 to $311.00 and gave the stock a “market outperform” rating in a research report on Monday, January 6th. Citigroup restated an “outperform” rating on shares of Flutter Entertainment in a research report on Wednesday, March 5th. Macquarie restated an “outperform” rating and set a $340.00 target price on shares of Flutter Entertainment in a research report on Wednesday, March 5th. Finally, Benchmark upped their target price on shares of Flutter Entertainment from $275.00 to $300.00 and gave the stock a “buy” rating in a research report on Wednesday, March 5th. Nineteen investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, Flutter Entertainment presently has a consensus rating of “Buy” and a consensus price target of $311.41.

Insider Transactions at Flutter Entertainment

In related news, CEO Amy Howe sold 11,814 shares of the firm’s stock in a transaction dated 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 transaction, the chief executive officer now owns 62,941 shares of the company’s stock, valued at $16,396,130.50. This trade represents a 15.80 % decrease in their position. 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 firm’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 completion of the transaction, the director now directly owns 21,148 shares in the company, valued at $5,539,930.08. This represents a 54.20 % decrease in their position. The disclosure for this sale can be found here.

Flutter Entertainment Price Performance

Flutter Entertainment stock opened at $237.19 on Monday. The firm has a 50-day moving average price of $264.74 and a 200-day moving average price of $252.46. The firm has a market capitalization of $42.09 billion and a PE ratio of 1,078.13. The company has a current ratio of 0.89, a quick ratio of 0.89 and a debt-to-equity ratio of 0.66. Flutter Entertainment plc has a 12-month low of $174.03 and a 12-month high of $299.73.

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.