Groupama Asset Managment Has $1.67 Million Stock Position in Flutter Entertainment plc (NYSE:FLUT)

Groupama Asset Managment lessened its stake in Flutter Entertainment plc (NYSE:FLUT) by 3.4% in the 4th quarter, Holdings Channel reports. The institutional investor owned 6,444 shares of the company’s stock after selling 227 shares during the quarter. Groupama Asset Managment’s holdings in Flutter Entertainment were worth $1,665,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in FLUT. Farther Finance Advisors LLC grew its holdings in shares of 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 in the last quarter. Harvest Fund Management Co. Ltd acquired a new stake in shares of Flutter Entertainment in the fourth quarter valued at approximately $25,000. Raleigh Capital Management Inc. acquired a new stake in shares of Flutter Entertainment in the fourth quarter valued at approximately $26,000. BOCHK Asset Management Ltd bought a new stake in shares of Flutter Entertainment in the fourth quarter worth $26,000. Finally, IFP Advisors Inc boosted its holdings 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 purchasing an additional 83 shares during the last quarter.

Wall Street Analyst Weigh In

FLUT has been the topic of several analyst reports. Benchmark boosted their price target on shares of Flutter Entertainment from $275.00 to $300.00 and gave the stock a “buy” rating in a research report on Wednesday, March 5th. Macquarie reissued an “outperform” rating and set a $340.00 price target on shares of Flutter Entertainment in a research report on Wednesday, March 5th. Susquehanna decreased their price target on Flutter Entertainment from $317.00 to $315.00 and set a “positive” rating for the company in a research note on Wednesday, March 5th. Peel Hunt upgraded Flutter Entertainment from a “hold” rating to an “add” rating in a research note on Monday, March 10th. Finally, Wells Fargo & Company raised their target price on shares of Flutter Entertainment from $285.00 to $300.00 and gave the company an “overweight” rating in a research note on Wednesday, March 5th. Nineteen analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Buy” and an average target price of $311.41.

Flutter Entertainment Stock Performance

FLUT opened at $229.53 on Thursday. 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 market capitalization of $40.73 billion and a PE ratio of 1,043.32. The business has a fifty day simple moving average of $258.66 and a 200 day simple moving average of $254.00. Flutter Entertainment plc has a 1 year low of $174.03 and a 1 year high of $299.73.

Insider Activity at Flutter Entertainment

In related news, Director Jeremy Peter Jackson sold 25,027 shares of the company’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 owns 21,148 shares of the company’s stock, valued at $5,539,930.08. This represents a 54.20 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Amy Howe sold 11,814 shares of the firm’s stock in a transaction that occurred on 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 sale, the chief executive officer now owns 62,941 shares in the company, valued at approximately $16,396,130.50. The trade was a 15.80 % 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.