ANTIPODES PARTNERS Ltd Sells 32,666 Shares of Flutter Entertainment plc (NYSE:FLUT)

ANTIPODES PARTNERS Ltd decreased its position in Flutter Entertainment plc (NYSE:FLUT) by 21.6% during the fourth quarter, HoldingsChannel.com reports. The firm owned 118,241 shares of the company’s stock after selling 32,666 shares during the quarter. ANTIPODES PARTNERS Ltd’s holdings in Flutter Entertainment were worth $30,686,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of FLUT. US Bancorp DE raised its position in Flutter Entertainment by 71.7% in the 3rd quarter. US Bancorp DE now owns 237 shares of the company’s stock worth $56,000 after buying an additional 99 shares during the last quarter. Venturi Wealth Management LLC purchased a new position in Flutter Entertainment in the 3rd quarter worth about $82,000. Sumitomo Mitsui Trust Group Inc. purchased a new position in Flutter Entertainment in the 3rd quarter worth about $79,287,000. Hiddenite Capital Partners LP purchased a new position in Flutter Entertainment in the 3rd quarter worth about $4,983,000. Finally, Oppenheimer & Co. Inc. purchased a new position in Flutter Entertainment in the 3rd quarter worth about $863,000.

Flutter Entertainment Trading Up 1.4 %

FLUT stock opened at $234.24 on Thursday. The firm has a fifty day moving average price of $265.59 and a 200 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 quick ratio of 0.89 and a current ratio of 0.89. The firm has a market cap of $41.57 billion and a PE ratio of 1,064.74.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on FLUT shares. Peel Hunt raised shares of Flutter Entertainment from a “hold” rating to an “add” rating in a research report on Monday. The Goldman Sachs Group started coverage on shares of Flutter Entertainment in a research report on Friday, November 22nd. They set a “buy” rating and a $320.00 price target for the company. Susquehanna reduced their price target on shares of Flutter Entertainment from $317.00 to $315.00 and set a “positive” rating for the company in a research report on Wednesday, March 5th. Citigroup reaffirmed an “outperform” rating on shares of Flutter Entertainment in a research report on Wednesday, March 5th. Finally, Oppenheimer upped their price target on shares of Flutter Entertainment from $300.00 to $305.00 and gave the company an “outperform” rating in a research report on Wednesday, November 13th. Twenty equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Buy” and an average price target of $311.41.

Insider Activity at Flutter Entertainment

In other news, CEO Amy Howe sold 11,814 shares of Flutter Entertainment stock in a transaction on 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 directly owns 62,941 shares in the company, valued at approximately $16,396,130.50. This trade represents a 15.80 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Jeremy Peter Jackson sold 25,027 shares of Flutter Entertainment stock in a transaction on Thursday, March 6th. The stock was sold at an average price of $261.96, for a total value of $6,556,072.92. Following the sale, the director now 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 disclosure for this sale can be found here.

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.