HughesLittle Investment Management Ltd. Has $33.59 Million Stake in Flutter Entertainment PLC $FLUT

HughesLittle Investment Management Ltd. lifted its stake in shares of Flutter Entertainment PLC (NYSE:FLUT) by 34.8% during the first quarter, Holdings Channel reports. The firm owned 329,440 shares of the company’s stock after buying an additional 85,050 shares during the period. Flutter Entertainment comprises about 6.6% of HughesLittle Investment Management Ltd.’s holdings, making the stock its 8th largest position. HughesLittle Investment Management Ltd.’s holdings in Flutter Entertainment were worth $33,586,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in Flutter Entertainment by 5.6% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,311 shares of the company’s stock worth $290,000 after buying an additional 69 shares during the last quarter. Sivia Capital Partners LLC bought a new stake in Flutter Entertainment in the second quarter valued at $405,000. Creative Planning bought a new stake in Flutter Entertainment in the second quarter valued at $296,000. Northwestern Mutual Wealth Management Co. boosted its holdings in shares of Flutter Entertainment by 246.3% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 187 shares of the company’s stock valued at $53,000 after acquiring an additional 133 shares during the period. Finally, EverSource Wealth Advisors LLC boosted its holdings in shares of Flutter Entertainment by 74.6% during the second quarter. EverSource Wealth Advisors LLC now owns 248 shares of the company’s stock valued at $71,000 after acquiring an additional 106 shares during the period.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the stock. Barclays increased their price objective on shares of Flutter Entertainment from $150.00 to $151.00 and gave the stock an “overweight” rating in a report on Thursday, July 9th. Moffett Nathanson lowered shares of Flutter Entertainment from a “buy” rating to a “neutral” rating and set a $127.00 target price for the company. in a research note on Friday, April 24th. Susquehanna decreased their target price on shares of Flutter Entertainment from $160.00 to $143.00 and set a “positive” rating for the company in a research report on Tuesday, March 31st. Citizens Jmp dropped their price target on shares of Flutter Entertainment from $165.00 to $159.00 and set a “market outperform” rating on the stock in a research note on Wednesday, July 8th. Finally, Wells Fargo & Company raised their price target on shares of Flutter Entertainment from $161.00 to $168.00 and gave the company an “equal weight” rating in a research note on Friday, June 12th. Three analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, nine have issued a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $178.83.

Flutter Entertainment Price Performance

Shares of FLUT opened at $108.21 on Friday. Flutter Entertainment PLC has a one year low of $91.52 and a one year high of $313.68. The stock’s fifty day moving average is $102.55 and its 200-day moving average is $125.11. The company has a debt-to-equity ratio of 1.27, a quick ratio of 0.90 and a current ratio of 0.90. The firm has a market capitalization of $18.83 billion, a price-to-earnings ratio of -50.57, a price-to-earnings-growth ratio of 1.43 and a beta of 1.31.

Flutter Entertainment (NYSE:FLUT) last posted its quarterly earnings data on Wednesday, May 6th. The company reported $1.22 earnings per share for the quarter, topping the consensus estimate of $1.09 by $0.13. The business had revenue of $4.30 billion during the quarter, compared to the consensus estimate of $4.24 billion. Flutter Entertainment had a negative net margin of 2.20% and a positive return on equity of 11.60%. The company’s quarterly revenue was up 17.4% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.59 earnings per share. Equities analysts anticipate that Flutter Entertainment PLC will post 4.96 EPS for the current year.

Insider Activity at Flutter Entertainment

In other Flutter Entertainment news, Director Carolan Lennon sold 439 shares of the business’s stock in a transaction dated Thursday, May 28th. The shares were sold at an average price of $94.63, for a total transaction of $41,542.57. Following the sale, the director directly owned 1,688 shares in the company, valued at approximately $159,735.44. The trade was a 20.64% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CEO Jeremy Peter Jackson sold 3,084 shares of the company’s stock in a transaction that occurred on Monday, May 11th. The stock was sold at an average price of $98.13, for a total transaction of $302,632.92. Following the completion of the sale, the chief executive officer directly owned 74,326 shares of the company’s stock, valued at approximately $7,293,610.38. This represents a 3.98% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last three months, insiders purchased 10,453 shares of company stock worth $1,045,526 and sold 5,994 shares worth $577,293. Corporate insiders own 0.13% of the company’s stock.

Flutter Entertainment Profile

Flutter Entertainment plc is a global sports betting and gaming company that operates a portfolio of consumer-facing brands and digital platforms. The company’s primary activities include online sports betting, casino gaming, poker, and daily fantasy sports, delivered through web and mobile applications as well as retail betting locations in select markets. Flutter focuses on product development, customer acquisition and engagement, and compliance with local gambling regulations across the jurisdictions where it operates.

Flutter’s brand portfolio includes well-known names in different regional markets, such as FanDuel in the United States, PokerStars, Betfair, Paddy Power and Sky Betting & Gaming in Europe and elsewhere.