Barclays Lowers Flutter Entertainment (NYSE:FLUT) Price Target to $300.00

Flutter Entertainment (NYSE:FLUT) had its price objective lowered by investment analysts at Barclays from $308.00 to $300.00 in a report released on Tuesday,Benzinga reports. The brokerage presently has an “overweight” rating on the stock. Barclays‘s price objective points to a potential upside of 29.41% from the stock’s previous close.

Several other analysts also recently weighed in on FLUT. JMP Securities lowered their target price on Flutter Entertainment from $328.00 to $317.00 and set a “market outperform” rating for the company in a research note on Monday, April 14th. Susquehanna dropped their price objective on Flutter Entertainment from $317.00 to $315.00 and set a “positive” rating on the stock in a report on Wednesday, March 5th. Truist Financial assumed coverage on Flutter Entertainment in a research note on Wednesday, February 26th. They set a “buy” rating and a $330.00 target price for the company. Benchmark restated a “buy” rating and issued a $300.00 price target on shares of Flutter Entertainment in a research note on Monday. Finally, Citizens Jmp reduced their price objective on shares of Flutter Entertainment from $328.00 to $317.00 and set an “outperform” rating on the stock in a research note on Monday, April 14th. Twenty analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus price target of $306.67.

Flutter Entertainment Price Performance

Shares of FLUT stock opened at $231.82 on Tuesday. The firm has a fifty day simple moving average of $243.14 and a 200-day simple moving average of $252.69. The company has a market capitalization of $41.14 billion and a PE ratio of 1,053.73. Flutter Entertainment has a twelve month low of $174.03 and a twelve month high of $299.73. The company has a current ratio of 0.89, a quick ratio of 0.89 and a debt-to-equity ratio of 0.66.

Insider Buying and Selling at Flutter Entertainment

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

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Harvest Fund Management Co. Ltd acquired a new stake in Flutter Entertainment in the fourth quarter worth approximately $25,000. Farther Finance Advisors LLC lifted 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 buying an additional 82 shares during the period. Raleigh Capital Management Inc. acquired a new stake in shares of Flutter Entertainment in the fourth quarter valued at $26,000. BOCHK Asset Management Ltd bought a new position in Flutter Entertainment during the fourth quarter valued at about $26,000. Finally, GPS Wealth Strategies Group LLC raised its position in Flutter Entertainment by 1,375.0% in the first quarter. GPS Wealth Strategies Group LLC now owns 118 shares of the company’s stock worth $26,000 after acquiring an additional 110 shares in the last quarter.

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.