2,000 Shares in Flutter Entertainment PLC (NYSE:FLUT) Bought by Deltec Asset Management LLC

Deltec Asset Management LLC purchased a new position in Flutter Entertainment PLC (NYSE:FLUT) during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 2,000 shares of the company’s stock, valued at approximately $443,000.

Other large investors also recently bought and sold shares of the company. Farther Finance Advisors LLC increased its position in Flutter Entertainment by 585.7% in the fourth quarter. Farther Finance Advisors LLC now owns 96 shares of the company’s stock worth $25,000 after purchasing an additional 82 shares during the last quarter. Harvest Fund Management Co. Ltd purchased a new position in Flutter Entertainment during the fourth quarter worth $25,000. IFP Advisors Inc boosted its stake in Flutter Entertainment by 244.1% during the fourth quarter. IFP Advisors Inc now owns 117 shares of the company’s stock worth $31,000 after buying an additional 83 shares during the period. GPS Wealth Strategies Group LLC boosted its stake in Flutter Entertainment by 1,375.0% during the first quarter. GPS Wealth Strategies Group LLC now owns 118 shares of the company’s stock worth $26,000 after buying an additional 110 shares during the period. Finally, Tower Research Capital LLC TRC purchased a new position in Flutter Entertainment during the fourth quarter worth $33,000.

Wall Street Analyst Weigh In

Several research analysts have commented on FLUT shares. Hsbc Global Res raised shares of Flutter Entertainment to a “hold” rating in a research note on Wednesday. Truist Financial dropped their price objective on shares of Flutter Entertainment from $330.00 to $280.00 and set a “buy” rating for the company in a research note on Wednesday, April 23rd. Sanford C. Bernstein started coverage on shares of Flutter Entertainment in a research note on Wednesday, June 4th. They set a “market perform” rating and a $275.00 price objective for the company. BTIG Research dropped their price objective on shares of Flutter Entertainment from $323.00 to $289.00 and set a “buy” rating for the company in a research note on Tuesday, April 22nd. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $310.00 price objective on shares of Flutter Entertainment in a research note on Tuesday, June 10th. Two equities research analysts have rated the stock with a hold rating, twenty have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $303.79.

Flutter Entertainment Stock Down 3.1%

NYSE:FLUT opened at $263.94 on Friday. Flutter Entertainment PLC has a 1-year low of $175.59 and a 1-year high of $299.73. The company has a 50-day moving average of $246.14 and a 200 day moving average of $253.48. The firm has a market cap of $46.63 billion and a PE ratio of 91.33. The company has a debt-to-equity ratio of 0.67, a current ratio of 0.95 and a quick ratio of 0.95.

Flutter Entertainment (NYSE:FLUT) last released its quarterly earnings data on Wednesday, May 7th. The company reported $1.59 earnings per share for the quarter, missing analysts’ consensus estimates of $1.89 by ($0.30). Flutter Entertainment had a return on equity of 11.76% and a net margin of 4.17%. The business had revenue of $3.67 billion during the quarter, compared to analysts’ expectations of $3.06 billion. During the same period last year, the company earned $0.10 earnings per share. The firm’s revenue was up 7.9% compared to the same quarter last year. As a group, research analysts anticipate that Flutter Entertainment PLC will post 4.17 EPS for the current fiscal year.

Insider Buying and Selling

In other Flutter Entertainment news, Director Atif Rafiq sold 265 shares of the firm’s stock in a transaction that occurred on Wednesday, June 4th. The shares were sold at an average price of $244.18, for a total value of $64,707.70. Following the completion of the sale, the director now directly owns 2,474 shares in the company, valued at $604,101.32. This trade represents a 9.68% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, COO James Philip Bishop sold 3,000 shares of Flutter Entertainment stock in a transaction on Friday, May 9th. The stock was sold at an average price of $243.20, for a total transaction of $729,600.00. Following the completion of the transaction, the chief operating officer now directly owns 4,712 shares in the company, valued at $1,145,958.40. This represents a 38.90% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 7,770 shares of company stock valued at $1,894,934 over the last three months.

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.