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

Sei Investments Co. lifted its holdings in Flutter Entertainment plc (NYSE:FLUT) by 137.1% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 58,214 shares of the company’s stock after purchasing an additional 33,663 shares during the quarter. Sei Investments Co.’s holdings in Flutter Entertainment were worth $15,046,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of FLUT. American Century Companies Inc. acquired a new position in shares of Flutter Entertainment in the fourth quarter valued at approximately $303,000. Quantbot Technologies LP acquired a new position in Flutter Entertainment in the 4th quarter worth $4,054,000. Sciencast Management LP acquired a new stake in shares of Flutter Entertainment in the 4th quarter valued at about $2,180,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS bought a new stake in shares of Flutter Entertainment in the fourth quarter valued at about $8,359,000. Finally, Royal London Asset Management Ltd. boosted its position in shares of Flutter Entertainment by 1.2% during the fourth quarter. Royal London Asset Management Ltd. now owns 140,765 shares of the company’s stock worth $36,381,000 after buying an additional 1,655 shares during the period.

Insiders Place Their Bets

In related news, Director Jeremy Peter Jackson sold 25,027 shares of the firm’s stock in a transaction dated 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 directly owns 21,148 shares of the company’s stock, valued at approximately $5,539,930.08. This trade represents a 54.20 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Amy Howe sold 11,814 shares of Flutter Entertainment stock in a transaction dated Thursday, March 6th. The stock was sold at an average price of $260.50, for a total transaction of $3,077,547.00. Following the completion of the sale, 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 disclosure for this sale can be found here.

Wall Street Analyst Weigh In

FLUT has been the topic of a number of recent research reports. Benchmark lifted their target price on Flutter Entertainment from $275.00 to $300.00 and gave the company a “buy” rating in a research report on Wednesday, March 5th. Citigroup reissued an “outperform” rating on shares of Flutter Entertainment in a research report on Wednesday, March 5th. BTIG Research set a $323.00 target price on shares of Flutter Entertainment in a research report on Monday, February 3rd. Needham & Company LLC boosted their price target on shares of Flutter Entertainment from $300.00 to $310.00 and gave the stock a “buy” rating in a research report on Wednesday, March 5th. Finally, Stifel Nicolaus started coverage on Flutter Entertainment in a report on Friday, January 17th. They issued a “buy” rating and a $320.00 price objective for the company. Nineteen equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Flutter Entertainment currently has a consensus rating of “Buy” and a consensus price target of $311.41.

Flutter Entertainment Stock Performance

Shares of FLUT stock opened at $228.35 on Friday. Flutter Entertainment plc has a 52 week low of $174.03 and a 52 week high of $299.73. The company has a market capitalization of $40.53 billion and a price-to-earnings ratio of 1,037.97. The company has a 50-day simple moving average of $261.17 and a 200 day simple moving average of $253.67. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.89 and a current ratio of 0.89.

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.