Wealth High Governance Capital Ltda Has $6.43 Million Stock Position in Flutter Entertainment plc (NYSE:FLUT)

Wealth High Governance Capital Ltda decreased its stake in shares of Flutter Entertainment plc (NYSE:FLUT) by 37.8% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 24,872 shares of the company’s stock after selling 15,128 shares during the quarter. Flutter Entertainment comprises about 2.3% of Wealth High Governance Capital Ltda’s portfolio, making the stock its 19th biggest holding. Wealth High Governance Capital Ltda’s holdings in Flutter Entertainment were worth $6,428,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. Raleigh Capital Management Inc. acquired a new position in shares of Flutter Entertainment during the 4th quarter worth $26,000. BOCHK Asset Management Ltd acquired a new position in Flutter Entertainment in the 4th quarter worth about $26,000. IFP Advisors Inc increased its holdings in Flutter Entertainment by 244.1% in the 4th quarter. IFP Advisors Inc now owns 117 shares of the company’s stock worth $31,000 after purchasing an additional 83 shares in the last quarter. Harbor Investment Advisory LLC increased its holdings in Flutter Entertainment by 64.1% in the 4th quarter. Harbor Investment Advisory LLC now owns 128 shares of the company’s stock worth $33,000 after purchasing an additional 50 shares in the last quarter. Finally, UMB Bank n.a. increased its holdings in Flutter Entertainment by 58.8% in the 4th quarter. UMB Bank n.a. now owns 135 shares of the company’s stock worth $35,000 after purchasing an additional 50 shares in the last quarter.

Flutter Entertainment Stock Performance

NYSE:FLUT opened at $231.63 on Wednesday. Flutter Entertainment plc has a 1 year low of $174.03 and a 1 year high of $299.73. The business has a fifty day simple moving average of $266.07 and a two-hundred day simple moving average of $251.91. 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 $41.11 billion and a P/E ratio of 1,052.85.

Insider Transactions at Flutter Entertainment

In related news, 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 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 approximately $5,539,930.08. This trade represents a 54.20 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Amy Howe sold 11,814 shares of Flutter Entertainment stock in a transaction on Thursday, March 6th. The shares were sold at an average price of $260.50, for a total value of $3,077,547.00. Following the sale, the chief executive officer now directly owns 62,941 shares of the company’s stock, valued at $16,396,130.50. This represents a 15.80 % decrease in their position. The disclosure for this sale can be found here.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on FLUT shares. BTIG Research set a $323.00 price target on Flutter Entertainment in a research note on Monday, February 3rd. UBS Group increased their price target on Flutter Entertainment from $335.00 to $340.00 and gave the company a “buy” rating in a research note on Thursday, March 6th. Wells Fargo & Company increased their price target on Flutter Entertainment from $285.00 to $300.00 and gave the stock an “overweight” rating in a report on Wednesday, March 5th. Truist Financial assumed coverage on Flutter Entertainment in a report on Wednesday, February 26th. They issued a “buy” rating and a $330.00 price target on the stock. Finally, Citigroup reissued an “outperform” rating on shares of Flutter Entertainment in a research note on Wednesday, March 5th. Twenty analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, Flutter Entertainment currently has a consensus rating of “Buy” and a consensus 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.