Brokerages Set Flutter Entertainment plc (NYSE:FLUT) Target Price at $311.41

Shares of Flutter Entertainment plc (NYSE:FLUT) have been assigned an average recommendation of “Buy” from the twenty ratings firms that are currently covering the firm, Marketbeat reports. Nineteen equities research analysts have rated the stock with a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is $311.41.

FLUT has been the topic of several recent research reports. Susquehanna reduced their price target on Flutter Entertainment from $317.00 to $315.00 and set a “positive” rating on the stock in a research report on Wednesday, March 5th. Citigroup reiterated an “outperform” rating on shares of Flutter Entertainment in a research report on Wednesday, March 5th. The Goldman Sachs Group initiated coverage on shares of Flutter Entertainment in a research report on Friday, November 22nd. They set a “buy” rating and a $320.00 price objective for the company. Oppenheimer lifted their price target on Flutter Entertainment from $300.00 to $305.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 13th. Finally, Truist Financial began coverage on shares of Flutter Entertainment in a research note on Wednesday, February 26th. They set a “buy” rating and a $330.00 price objective for the company.

Insider Transactions at Flutter Entertainment

In other 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 directly owns 21,148 shares in the company, valued at approximately $5,539,930.08. The trade was a 54.20 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Amy Howe sold 11,814 shares of the stock in a transaction that occurred 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 owns 62,941 shares of the company’s stock, valued at approximately $16,396,130.50. The trade was a 15.80 % decrease in their position. The disclosure for this sale can be found here.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of FLUT. US Bancorp DE grew its position in Flutter Entertainment by 71.7% in the third quarter. US Bancorp DE now owns 237 shares of the company’s stock valued at $56,000 after acquiring an additional 99 shares during the period. Van ECK Associates Corp bought a new stake in shares of Flutter Entertainment in the 3rd quarter valued at $2,784,000. Robeco Institutional Asset Management B.V. acquired a new position in shares of Flutter Entertainment in the 3rd quarter valued at approximately $4,900,000. CWA Asset Management Group LLC bought a new position in Flutter Entertainment during the 3rd quarter worth about $9,791,000. Finally, Verdence Capital Advisors LLC acquired a new stake in shares of Flutter Entertainment in the third quarter valued at approximately $561,000.

Flutter Entertainment Stock Up 1.4 %

Shares of NYSE:FLUT opened at $234.24 on Friday. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.89 and a current ratio of 0.89. The stock has a market capitalization of $41.57 billion and a P/E ratio of 1,064.74. The stock has a 50-day simple moving average of $265.59 and a 200-day simple moving average of $251.78. Flutter Entertainment has a 1 year low of $174.03 and a 1 year high of $299.73.

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.