Level Four Advisory Services LLC Invests $222,000 in Flutter Entertainment plc (NYSE:FLUT)

Level Four Advisory Services LLC bought a new stake in Flutter Entertainment plc (NYSE:FLUT) during the fourth quarter, according to its most recent disclosure with the SEC. The firm bought 860 shares of the company’s stock, valued at approximately $222,000.

Other hedge funds have also recently modified their holdings of the company. Harvest Fund Management Co. Ltd acquired a new position in Flutter Entertainment in the fourth quarter valued at $25,000. Farther Finance Advisors LLC boosted its position in shares of Flutter Entertainment by 585.7% in the 4th 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. Raleigh Capital Management Inc. purchased a new position in Flutter Entertainment during the 4th quarter worth approximately $26,000. BOCHK Asset Management Ltd acquired a new position in Flutter Entertainment during the fourth quarter worth approximately $26,000. Finally, IFP Advisors Inc lifted its stake in Flutter Entertainment by 244.1% in 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 last quarter.

Insider Buying and Selling

In other news, Director Jeremy Peter Jackson sold 25,027 shares of Flutter Entertainment 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 directly 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 sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Amy Howe sold 11,814 shares of the company’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 transaction, the chief executive officer now directly owns 62,941 shares in the company, valued at $16,396,130.50. The trade was a 15.80 % decrease in their position. The disclosure for this sale can be found here.

Analyst Ratings Changes

FLUT has been the topic of a number of research reports. Wells Fargo & Company raised their target price on shares of Flutter Entertainment from $285.00 to $300.00 and gave the stock an “overweight” rating in a research report on Wednesday, March 5th. Macquarie restated an “outperform” rating and issued a $340.00 price objective on shares of Flutter Entertainment in a research note on Wednesday, March 5th. Barclays increased their target price on shares of Flutter Entertainment from $301.00 to $308.00 and gave the stock an “overweight” rating in a research note on Wednesday, March 5th. JMP Securities boosted their price target on Flutter Entertainment from $299.00 to $311.00 and gave the company a “market outperform” rating in a research report on Monday, January 6th. Finally, Susquehanna decreased their price objective on Flutter Entertainment from $317.00 to $315.00 and set a “positive” rating for the company in a research report on Wednesday, March 5th. Nineteen analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Buy” and a consensus price target of $311.41.

Flutter Entertainment Price Performance

FLUT stock opened at $222.62 on Wednesday. The company has a market cap of $39.51 billion and a price-to-earnings ratio of 1,011.91. The company has a current ratio of 0.89, a quick ratio of 0.89 and a debt-to-equity ratio of 0.66. The firm has a 50 day moving average of $259.40 and a 200-day moving average of $254.17. Flutter Entertainment plc has a 12-month low of $174.03 and a 12-month 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.