CoreCap Advisors LLC Purchases 125 Shares of Flutter Entertainment plc (NYSE:FLUT)

CoreCap Advisors LLC increased its position in shares of Flutter Entertainment plc (NYSE:FLUT) by 38.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 450 shares of the company’s stock after buying an additional 125 shares during the period. CoreCap Advisors LLC’s holdings in Flutter Entertainment were worth $116,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in FLUT. Capital World Investors grew its position in shares of Flutter Entertainment by 11.9% in the 4th quarter. Capital World Investors now owns 15,426,515 shares of the company’s stock valued at $3,986,968,000 after acquiring an additional 1,635,241 shares during the period. Vanguard Group Inc. lifted its stake in Flutter Entertainment by 3.2% in the 4th quarter. Vanguard Group Inc. now owns 9,591,786 shares of the company’s stock valued at $2,479,812,000 after purchasing an additional 299,300 shares during the last quarter. Parvus Asset Management Europe Ltd bought a new position in Flutter Entertainment during the fourth quarter worth about $2,146,227,000. Norges Bank acquired a new position in Flutter Entertainment during the fourth quarter worth approximately $946,681,000. Finally, FMR LLC raised its stake in Flutter Entertainment by 0.8% in the fourth quarter. FMR LLC now owns 3,401,092 shares of the company’s stock valued at $881,349,000 after buying an additional 25,422 shares during the period.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on FLUT shares. Citizens Jmp decreased their target price on Flutter Entertainment from $328.00 to $317.00 and set an “outperform” rating on the stock in a report on Monday, April 14th. Wells Fargo & Company increased their price objective on shares of Flutter Entertainment from $285.00 to $300.00 and gave the company an “overweight” rating in a research report on Wednesday, March 5th. JMP Securities reduced their target price on shares of Flutter Entertainment from $328.00 to $317.00 and set a “market outperform” rating for the company in a report on Monday, April 14th. UBS Group increased their price target on shares of Flutter Entertainment from $335.00 to $340.00 and gave the company a “buy” rating in a report on Thursday, March 6th. Finally, Stifel Nicolaus decreased their target price on Flutter Entertainment from $320.00 to $315.00 and set a “buy” rating on the stock in a research report on Tuesday, April 22nd. Twenty analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Flutter Entertainment presently has a consensus rating of “Buy” and an average price target of $306.28.

Flutter Entertainment Stock Performance

FLUT opened at $247.27 on Tuesday. 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 52-week low of $174.03 and a 52-week high of $299.73. The firm has a market cap of $43.69 billion and a P/E ratio of 85.56. The business’s fifty day moving average is $233.55 and its 200-day moving average is $253.90.

Flutter Entertainment (NYSE:FLUT) last announced its quarterly earnings data on Wednesday, May 7th. The company reported $1.59 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.89 by ($0.30). Flutter Entertainment had a negative return on equity of 4.52% and a negative net margin of 6.86%. The firm had revenue of $3.67 billion for the quarter, compared to analyst estimates of $3.06 billion. During the same quarter in the previous year, the company earned $0.10 earnings per share. The company’s quarterly revenue was up 7.9% on a year-over-year basis. Sell-side analysts expect that Flutter Entertainment plc will post 4.17 EPS for the current fiscal year.

Insider Transactions at Flutter Entertainment

In other Flutter Entertainment news, Director Jeremy Peter Jackson sold 25,027 shares of Flutter Entertainment stock in a transaction dated 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 transaction, the director now owns 21,148 shares in the company, valued at $5,539,930.08. The trade was a 54.20% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Amy Howe sold 11,814 shares of the stock in a transaction dated 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 transaction, the chief executive officer now directly owns 62,941 shares of the company’s stock, valued at $16,396,130.50. This trade represents a 15.80% decrease in their position. The disclosure for this sale can be found here.

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.