Jeremy Peter Jackson Sells 25,027 Shares of Flutter Entertainment plc (NYSE:FLUT) Stock

Flutter Entertainment plc (NYSE:FLUT) 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 transaction, the director now owns 21,148 shares in the company, valued at approximately $5,539,930.08. This represents a 54.20 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Flutter Entertainment Stock Up 1.4 %

Flutter Entertainment stock opened at $234.24 on Thursday. The firm has a fifty day moving average price of $265.59 and a two-hundred day moving average price of $251.78. Flutter Entertainment plc has a fifty-two week low of $174.03 and a fifty-two week high of $299.73. The company has a debt-to-equity ratio of 0.66, a current ratio of 0.89 and a quick ratio of 0.89. The firm has a market cap of $41.57 billion and a price-to-earnings ratio of 1,064.74.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in FLUT. Parvus Asset Management Europe Ltd bought a new position in shares of Flutter Entertainment during the 4th quarter worth about $2,146,227,000. Norges Bank bought a new position in shares of Flutter Entertainment during the 4th quarter worth about $946,681,000. Massachusetts Financial Services Co. MA bought a new position in shares of Flutter Entertainment during the 3rd quarter worth about $849,474,000. Bank of Montreal Can increased its holdings in shares of Flutter Entertainment by 868.5% during the 3rd quarter. Bank of Montreal Can now owns 3,367,022 shares of the company’s stock worth $798,927,000 after purchasing an additional 3,019,376 shares during the period. Finally, Invesco Ltd. bought a new position in shares of Flutter Entertainment during the 4th quarter worth about $621,680,000.

Wall Street Analyst Weigh In

FLUT has been the topic of several research analyst reports. The Goldman Sachs Group initiated coverage on shares of Flutter Entertainment in a report on Friday, November 22nd. They set a “buy” rating and a $320.00 price target on the stock. Wells Fargo & Company lifted their price objective on shares of Flutter Entertainment from $285.00 to $300.00 and gave the company an “overweight” rating in a research note on Wednesday, March 5th. BTIG Research set a $323.00 price objective on shares of Flutter Entertainment in a research note on Monday, February 3rd. Truist Financial began coverage on shares of Flutter Entertainment in a research note on Wednesday, February 26th. They issued a “buy” rating and a $330.00 price objective for the company. Finally, Benchmark lifted their price objective on shares of Flutter Entertainment from $275.00 to $300.00 and gave the company a “buy” rating in a research note on Wednesday, March 5th. Twenty investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Buy” and a consensus target price of $311.41.

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.