Flutter Entertainment plc (NYSE:FLUT) Position Lessened by Cibc World Markets Corp

Cibc World Markets Corp trimmed its position in shares of Flutter Entertainment plc (NYSE:FLUT) by 22.3% in the 4th quarter, Holdings Channel.com reports. The fund owned 8,047 shares of the company’s stock after selling 2,307 shares during the quarter. Cibc World Markets Corp’s holdings in Flutter Entertainment were worth $2,080,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Harbor Investment Advisory LLC raised its holdings in shares of Flutter Entertainment by 64.1% during the fourth quarter. Harbor Investment Advisory LLC now owns 128 shares of the company’s stock worth $33,000 after acquiring an additional 50 shares in the last quarter. UMB Bank n.a. increased its position in Flutter Entertainment by 58.8% during the fourth quarter. UMB Bank n.a. now owns 135 shares of the company’s stock worth $35,000 after buying an additional 50 shares during the last quarter. Seelaus Asset Management LLC increased its position in Flutter Entertainment by 6.4% during the fourth quarter. Seelaus Asset Management LLC now owns 914 shares of the company’s stock worth $236,000 after buying an additional 55 shares during the last quarter. Ritholtz Wealth Management increased its position in Flutter Entertainment by 3.5% during the fourth quarter. Ritholtz Wealth Management now owns 1,725 shares of the company’s stock worth $446,000 after buying an additional 59 shares during the last quarter. Finally, Farther Finance Advisors LLC increased its position in Flutter Entertainment by 585.7% during the fourth quarter. Farther Finance Advisors LLC now owns 96 shares of the company’s stock worth $25,000 after buying an additional 82 shares during the last quarter.

Insiders Place Their Bets

In other Flutter Entertainment news, CEO Amy Howe sold 11,814 shares of the firm’s stock in a transaction dated Thursday, March 6th. The shares were sold at an average price of $260.50, for a total transaction of $3,077,547.00. Following the completion of the transaction, the chief executive officer now owns 62,941 shares in the company, valued at $16,396,130.50. This trade represents a 15.80 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Jeremy Peter Jackson sold 25,027 shares of the firm’s stock in a transaction dated Thursday, March 6th. The stock was 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 of the company’s stock, valued at approximately $5,539,930.08. This represents a 54.20 % decrease in their position. The disclosure for this sale can be found here.

Flutter Entertainment Stock Up 0.1 %

NYSE FLUT opened at $241.20 on Friday. The stock has a market cap of $42.81 billion and a PE ratio of 1,096.37. 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 plc has a twelve month low of $174.03 and a twelve month high of $299.73. The firm has a 50-day simple moving average of $263.22 and a 200 day simple moving average of $252.85.

Analyst Ratings Changes

Several equities analysts have commented on the stock. UBS Group increased their target price on shares of Flutter Entertainment from $335.00 to $340.00 and gave the stock a “buy” rating in a research report on Thursday, March 6th. Macquarie reissued an “outperform” rating and set a $340.00 target price on shares of Flutter Entertainment in a research report on Wednesday, March 5th. Peel Hunt raised shares of Flutter Entertainment from a “hold” rating to an “add” rating in a research report on Monday, March 10th. Benchmark raised their price target on Flutter Entertainment from $275.00 to $300.00 and gave the company a “buy” rating in a research report on Wednesday, March 5th. Finally, Citigroup reaffirmed an “outperform” rating on shares of Flutter Entertainment in a research report on Wednesday, March 5th. Nineteen equities research 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, Flutter Entertainment has an average rating of “Buy” and an average price target of $311.41.

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.