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 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 completion of the sale, the director now directly owns 21,148 shares of the company’s stock, valued at approximately $5,539,930.08. The trade was a 54.20 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link.

Flutter Entertainment Price Performance

FLUT stock opened at $231.63 on Wednesday. The stock has a market cap of $41.11 billion and a price-to-earnings ratio of 1,052.85. 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 company has a 50 day simple moving average of $266.07 and a 200 day simple moving average of $251.91. Flutter Entertainment plc has a 1 year low of $174.03 and a 1 year high of $299.73.

Analysts Set New Price Targets

Several analysts have weighed in on the stock. Wells Fargo & Company lifted their price objective on shares of Flutter Entertainment from $285.00 to $300.00 and gave the stock an “overweight” rating in a research note on Wednesday, March 5th. Macquarie reiterated an “outperform” rating and issued a $340.00 price target on shares of Flutter Entertainment in a research note on Wednesday, March 5th. Barclays increased their price target on Flutter Entertainment from $301.00 to $308.00 and gave the stock an “overweight” rating in a research report on Wednesday, March 5th. BTIG Research set a $323.00 price objective on Flutter Entertainment in a report on Monday, February 3rd. Finally, Stifel Nicolaus initiated coverage on Flutter Entertainment in a report on Friday, January 17th. They set a “buy” rating and a $320.00 target price on the stock. Twenty analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average target price of $311.41.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of FLUT. Parvus Asset Management Europe Ltd acquired a new stake in shares of Flutter Entertainment during the 4th quarter valued at $2,146,227,000. Norges Bank bought a new position in Flutter Entertainment in the fourth quarter valued at about $946,681,000. Massachusetts Financial Services Co. MA acquired a new stake in shares of Flutter Entertainment during the third quarter valued at about $849,474,000. Bank of Montreal Can grew its holdings in shares of Flutter Entertainment by 868.5% during the third 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 last quarter. Finally, Invesco Ltd. acquired a new position in shares of Flutter Entertainment in the fourth quarter valued at approximately $621,680,000.

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.