Nomura Asset Management Co. Ltd. Has $12.78 Million Holdings in Flutter Entertainment plc (NYSE:FLUT)

Nomura Asset Management Co. Ltd. trimmed its position in shares of Flutter Entertainment plc (NYSE:FLUT) by 0.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 49,440 shares of the company’s stock after selling 360 shares during the period. Nomura Asset Management Co. Ltd.’s holdings in Flutter Entertainment were worth $12,778,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Cerity Partners LLC grew its position in shares of Flutter Entertainment by 99.3% in the 3rd quarter. Cerity Partners LLC now owns 2,583 shares of the company’s stock valued at $613,000 after acquiring an additional 1,287 shares during the period. Dynamic Technology Lab Private Ltd bought a new position in Flutter Entertainment during the third quarter worth about $410,000. Verition Fund Management LLC increased its position in Flutter Entertainment by 60.8% during the third quarter. Verition Fund Management LLC now owns 51,363 shares of the company’s stock worth $12,187,000 after buying an additional 19,415 shares during the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp bought a new stake in Flutter Entertainment in the third quarter valued at approximately $7,035,000. Finally, TOMS Capital Investment Management LP lifted its position in shares of Flutter Entertainment by 13.0% in the third quarter. TOMS Capital Investment Management LP now owns 370,269 shares of the company’s stock valued at $87,857,000 after buying an additional 42,705 shares during the last quarter.

Flutter Entertainment Price Performance

Shares of NYSE:FLUT opened at $228.35 on Monday. The firm has a 50 day moving average of $261.17 and a 200-day moving average of $254.15. Flutter Entertainment plc has a 12 month low of $174.03 and a 12 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. The stock has a market capitalization of $40.53 billion and a PE ratio of 1,037.97.

Insider Buying and Selling at Flutter Entertainment

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

Analyst Ratings Changes

A number of research firms recently weighed in on FLUT. Barclays boosted their target price on Flutter Entertainment from $301.00 to $308.00 and gave the stock an “overweight” rating in a report on Wednesday, March 5th. JMP Securities increased their price objective on shares of Flutter Entertainment from $299.00 to $311.00 and gave the company a “market outperform” rating in a research report on Monday, January 6th. BTIG Research set a $323.00 target price on shares of Flutter Entertainment in a research note on Monday, February 3rd. Needham & Company LLC upped their price target on shares of Flutter Entertainment from $300.00 to $310.00 and gave the company a “buy” rating in a research note on Wednesday, March 5th. Finally, Wells Fargo & Company raised their price objective 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. Nineteen equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus target price of $311.41.

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.