Choreo LLC Sells 477 Shares of Flutter Entertainment plc (NYSE:FLUT)

Choreo LLC lessened its position in shares of Flutter Entertainment plc (NYSE:FLUT) by 36.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 814 shares of the company’s stock after selling 477 shares during the period. Choreo LLC’s holdings in Flutter Entertainment were worth $210,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the company. Raleigh Capital Management Inc. acquired a new stake in Flutter Entertainment during the fourth quarter worth approximately $26,000. BOCHK Asset Management Ltd bought a new position in shares of Flutter Entertainment during the fourth quarter worth approximately $26,000. Harbor Investment Advisory LLC increased its holdings in shares of Flutter Entertainment by 64.1% during the fourth quarter. Harbor Investment Advisory LLC now owns 128 shares of the company’s stock worth $33,000 after purchasing an additional 50 shares during the period. UMB Bank n.a. increased its holdings in shares of Flutter Entertainment by 58.8% during the fourth quarter. UMB Bank n.a. now owns 135 shares of the company’s stock worth $35,000 after purchasing an additional 50 shares during the period. Finally, Geneos Wealth Management Inc. bought a new position in shares of Flutter Entertainment during the fourth quarter worth approximately $39,000.

Wall Street Analysts Forecast Growth

FLUT has been the topic of a number of recent analyst reports. Benchmark lifted their price objective on shares of Flutter Entertainment from $265.00 to $275.00 and gave the company a “buy” rating in a research note on Wednesday, November 13th. The Goldman Sachs Group initiated coverage on shares of Flutter Entertainment in a research note on Friday, November 22nd. They issued a “buy” rating and a $320.00 price objective on the stock. Wells Fargo & Company decreased their price objective on shares of Flutter Entertainment from $300.00 to $285.00 and set an “overweight” rating on the stock in a research note on Wednesday, January 8th. BTIG Research lifted their price objective 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. Finally, Barclays lifted their price objective on shares of Flutter Entertainment from $275.00 to $301.00 and gave the company an “overweight” rating in a research note on Wednesday, November 13th. Seventeen equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, Flutter Entertainment presently has an average rating of “Buy” and an average target price of $305.38.

Flutter Entertainment Trading Up 5.9 %

Shares of NYSE:FLUT opened at $298.88 on Friday. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.89 and a current ratio of 0.89. The firm has a fifty day moving average price of $265.51 and a 200 day moving average price of $243.00. Flutter Entertainment plc has a fifty-two week low of $174.03 and a fifty-two week high of $299.73.

About Flutter Entertainment

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.