Stratos Wealth Partners LTD. Makes New Investment in Flutter Entertainment plc (NYSE:FLUT)

Stratos Wealth Partners LTD. acquired a new position in Flutter Entertainment plc (NYSE:FLUT) in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 834 shares of the company’s stock, valued at approximately $216,000.

A number of other large investors have also modified their holdings of the company. Massachusetts Financial Services Co. MA acquired a new position in shares of Flutter Entertainment during the 3rd quarter worth about $849,474,000. FMR LLC raised its holdings in Flutter Entertainment by 13.2% in the 3rd quarter. FMR LLC now owns 3,375,670 shares of the company’s stock valued at $794,362,000 after acquiring an additional 393,122 shares during the last quarter. Bank of Montreal Can raised its holdings in Flutter Entertainment by 868.5% in the 3rd quarter. Bank of Montreal Can now owns 3,367,022 shares of the company’s stock valued at $798,927,000 after acquiring an additional 3,019,376 shares during the last quarter. Cantillon Capital Management LLC raised its holdings in Flutter Entertainment by 3,827.8% in the 3rd quarter. Cantillon Capital Management LLC now owns 2,397,384 shares of the company’s stock valued at $568,851,000 after acquiring an additional 2,336,347 shares during the last quarter. Finally, Marathon Asset Management Ltd acquired a new stake in Flutter Entertainment in the 3rd quarter valued at about $451,631,000.

Flutter Entertainment Price Performance

Shares of FLUT opened at $298.88 on Friday. Flutter Entertainment plc has a twelve month low of $174.03 and a twelve month high of $299.73. The firm’s fifty day simple moving average is $265.14 and its 200-day simple moving average is $241.92. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.89 and a current ratio of 0.89.

Wall Street Analyst Weigh In

A number of analysts have commented on FLUT shares. Macquarie initiated coverage on shares of Flutter Entertainment in a report on Wednesday, December 11th. They issued an “outperform” rating and a $340.00 price objective for the company. BTIG Research increased their price target on shares of Flutter Entertainment from $249.00 to $305.00 and gave the company a “buy” rating in a research note on Monday, November 11th. Susquehanna dropped their price target on shares of Flutter Entertainment from $322.00 to $317.00 and set a “positive” rating for the company in a research note on Wednesday, January 8th. UBS Group increased their price target on shares of Flutter Entertainment from $320.00 to $335.00 and gave the company a “buy” rating in a research note on Tuesday, January 28th. Finally, Craig Hallum increased their price target on shares of Flutter Entertainment from $275.00 to $350.00 and gave the company a “buy” rating in a research note on Wednesday, November 13th. Seventeen analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, Flutter Entertainment presently has a consensus rating of “Buy” and a consensus target price of $305.38.

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.