Cetera Investment Advisers Has $2.61 Million Holdings in Flutter Entertainment PLC (NYSE:FLUT)

Cetera Investment Advisers increased its holdings in shares of Flutter Entertainment PLC (NYSE:FLUT) by 4.2% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 11,765 shares of the company’s stock after buying an additional 474 shares during the quarter. Cetera Investment Advisers’ holdings in Flutter Entertainment were worth $2,607,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. GPS Wealth Strategies Group LLC grew its holdings in shares of Flutter Entertainment by 1,375.0% in the 1st quarter. GPS Wealth Strategies Group LLC now owns 118 shares of the company’s stock valued at $26,000 after acquiring an additional 110 shares in the last quarter. Parallel Advisors LLC grew its holdings in shares of Flutter Entertainment by 78.9% in the 1st quarter. Parallel Advisors LLC now owns 136 shares of the company’s stock valued at $30,000 after acquiring an additional 60 shares in the last quarter. Tower Research Capital LLC TRC bought a new position in shares of Flutter Entertainment in the 4th quarter valued at about $33,000. TD Waterhouse Canada Inc. bought a new position in shares of Flutter Entertainment in the 4th quarter valued at about $36,000. Finally, Harbor Investment Advisory LLC grew its holdings in shares of Flutter Entertainment by 43.8% in the 1st quarter. Harbor Investment Advisory LLC now owns 184 shares of the company’s stock valued at $41,000 after acquiring an additional 56 shares in the last quarter.

Flutter Entertainment Trading Up 0.9%

Shares of FLUT stock opened at $307.11 on Thursday. The firm has a 50 day moving average price of $280.22 and a two-hundred day moving average price of $259.59. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.67. The company has a market capitalization of $54.26 billion, a PE ratio of 106.27, a price-to-earnings-growth ratio of 1.12 and a beta of 2.31. Flutter Entertainment PLC has a 12-month low of $180.07 and a 12-month high of $309.77.

Flutter Entertainment (NYSE:FLUT) last released its quarterly earnings results on Wednesday, May 7th. The company reported $1.59 earnings per share for the quarter, missing analysts’ consensus estimates of $1.89 by ($0.30). Flutter Entertainment had a net margin of 4.17% and a return on equity of 11.76%. The business had revenue of $3.67 billion during the quarter, compared to analyst estimates of $3.06 billion. During the same quarter in the previous year, the firm posted $0.10 earnings per share. The firm’s quarterly revenue was up 7.9% on a year-over-year basis. As a group, analysts predict that Flutter Entertainment PLC will post 4.17 earnings per share for the current year.

Insider Buying and Selling at Flutter Entertainment

In other Flutter Entertainment news, Director John A. Bryant sold 418 shares of the business’s stock in a transaction on Wednesday, June 4th. The shares were sold at an average price of $245.71, for a total transaction of $102,706.78. Following the sale, the director owned 5,956 shares of the company’s stock, valued at approximately $1,463,448.76. The trade was a 6.56% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Nancy Cruickshank sold 281 shares of the business’s stock in a transaction on Wednesday, June 4th. The stock was sold at an average price of $245.71, for a total transaction of $69,044.51. Following the completion of the sale, the director directly owned 1,797 shares in the company, valued at approximately $441,540.87. This represents a 13.52% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 7,770 shares of company stock valued at $1,894,934.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the company. Benchmark restated a “buy” rating and issued a $300.00 price objective on shares of Flutter Entertainment in a report on Monday, April 21st. Sanford C. Bernstein initiated coverage on Flutter Entertainment in a report on Wednesday, June 4th. They set a “market perform” rating and a $275.00 price target for the company. Truist Financial lifted their price target on Flutter Entertainment from $280.00 to $340.00 and gave the stock a “buy” rating in a report on Wednesday, July 16th. Oppenheimer lifted their price target on Flutter Entertainment from $310.00 to $350.00 and gave the stock an “outperform” rating in a report on Tuesday, July 22nd. Finally, Macquarie reiterated an “outperform” rating and set a $340.00 price target (up previously from $330.00) on shares of Flutter Entertainment in a report on Thursday, May 8th. Two research analysts have rated the stock with a hold rating, twenty-two have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $322.10.

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.