Flutter Entertainment plc (NYSE:FLUT) Shares Sold by Soros Capital Management LLC

Soros Capital Management LLC lessened its position in shares of Flutter Entertainment plc (NYSE:FLUT) by 7.3% in the 4th quarter, HoldingsChannel reports. The fund owned 87,586 shares of the company’s stock after selling 6,910 shares during the period. Flutter Entertainment accounts for about 3.6% of Soros Capital Management LLC’s portfolio, making the stock its 9th biggest holding. Soros Capital Management LLC’s holdings in Flutter Entertainment were worth $22,637,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of FLUT. Farther Finance Advisors LLC increased its holdings in shares of Flutter Entertainment by 585.7% in the fourth quarter. Farther Finance Advisors LLC now owns 96 shares of the company’s stock valued at $25,000 after purchasing an additional 82 shares during the period. 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 position in shares of Flutter Entertainment in the fourth quarter worth $26,000. BOCHK Asset Management Ltd acquired a new position in Flutter Entertainment in the 4th quarter valued at about $26,000. Finally, IFP Advisors Inc lifted its stake in shares of Flutter Entertainment by 244.1% during the fourth quarter. IFP Advisors Inc now owns 117 shares of the company’s stock valued at $31,000 after buying an additional 83 shares during the period.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on FLUT. Barclays increased their price objective on shares of Flutter Entertainment from $301.00 to $308.00 and gave the stock an “overweight” rating in a report on Wednesday, March 5th. Macquarie reaffirmed an “outperform” rating and set a $340.00 price target on shares of Flutter Entertainment in a research report on Wednesday, March 5th. 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. Peel Hunt raised Flutter Entertainment from a “hold” rating to an “add” rating in a research report on Monday, March 10th. Finally, Truist Financial started coverage on Flutter Entertainment in a report on Wednesday, February 26th. They issued a “buy” rating and a $330.00 price target for the company. Twenty equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, Flutter Entertainment currently has a consensus rating of “Buy” and an average price target of $312.06.

Insider Activity

In other Flutter Entertainment news, CEO Amy Howe sold 11,814 shares of Flutter Entertainment 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 transaction, the chief executive officer now directly owns 62,941 shares in the company, valued at approximately $16,396,130.50. The trade was a 15.80 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Jeremy Peter Jackson sold 25,027 shares of Flutter Entertainment stock in a transaction on Thursday, March 6th. The shares were sold at an average price of $261.96, for a total value of $6,556,072.92. Following the transaction, the director now owns 21,148 shares in the company, valued at $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 Performance

FLUT stock opened at $227.42 on Monday. 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 market capitalization of $40.36 billion and a P/E ratio of 1,033.70. The company has a 50-day simple moving average of $246.72 and a 200 day simple moving average of $253.12. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 0.66.

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.