Capital International Inc. CA Reduces Stake in Flutter Entertainment plc (NYSE:FLUT)

Capital International Inc. CA decreased its position in Flutter Entertainment plc (NYSE:FLUT) by 13.1% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 232,841 shares of the company’s stock after selling 35,078 shares during the quarter. Capital International Inc. CA owned approximately 0.13% of Flutter Entertainment worth $60,178,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Capital World Investors lifted its stake 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 worth $3,986,968,000 after purchasing an additional 1,635,241 shares during the period. First Trust Advisors LP raised its position in Flutter Entertainment by 49,470.4% in the fourth quarter. First Trust Advisors LP now owns 572,042 shares of the company’s stock worth $147,851,000 after acquiring an additional 570,888 shares during the period. Capital International Ltd. CA boosted its stake in shares of Flutter Entertainment by 36.9% during the 4th quarter. Capital International Ltd. CA now owns 11,445 shares of the company’s stock worth $2,958,000 after acquiring an additional 3,086 shares during the last quarter. Capital Group Investment Management PTE. LTD. grew its position in shares of Flutter Entertainment by 32.6% during the 4th quarter. Capital Group Investment Management PTE. LTD. now owns 15,475 shares of the company’s stock valued at $4,000,000 after acquiring an additional 3,805 shares during the period. Finally, Capital International Sarl increased its stake in shares of Flutter Entertainment by 39.1% in the 4th quarter. Capital International Sarl now owns 107,145 shares of the company’s stock worth $27,688,000 after purchasing an additional 30,092 shares in the last quarter.

Insiders Place Their Bets

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

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the company. Macquarie reissued an “outperform” rating and set a $340.00 price target on shares of Flutter Entertainment in a report on Wednesday, March 5th. Stifel Nicolaus assumed coverage on Flutter Entertainment in a research report on Friday, January 17th. They issued a “buy” rating and a $320.00 price objective on the stock. Citigroup reiterated an “outperform” rating on shares of Flutter Entertainment in a research report on Wednesday, March 5th. Wells Fargo & Company upped 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. Finally, Barclays lifted their price target on shares of Flutter Entertainment from $301.00 to $308.00 and gave the company an “overweight” rating in a report on Wednesday, March 5th. Twenty investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus target price of $312.06.

Flutter Entertainment Trading Up 0.1 %

FLUT opened at $227.42 on Friday. Flutter Entertainment plc has a one year low of $174.03 and a one year high of $299.73. 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 cap of $40.36 billion and a price-to-earnings ratio of 1,033.70. The stock’s 50 day moving average price is $246.72 and its 200-day moving average price is $252.86.

Flutter Entertainment 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.