Rhumbline Advisers Acquires 139 Shares of Flutter Entertainment plc (NYSE:FLUT)

Rhumbline Advisers grew its holdings in Flutter Entertainment plc (NYSE:FLUT) by 0.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 22,590 shares of the company’s stock after purchasing an additional 139 shares during the quarter. Rhumbline Advisers’ holdings in Flutter Entertainment were worth $5,838,000 as of its most recent filing with the SEC.

Several other large investors also recently made changes to their positions in FLUT. Raleigh Capital Management Inc. acquired a new position in Flutter Entertainment during the 4th quarter worth about $26,000. BOCHK Asset Management Ltd bought a new position in shares of Flutter Entertainment in the fourth quarter worth about $26,000. Harbor Investment Advisory LLC lifted its position 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 in the last quarter. UMB Bank n.a. grew its stake 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 valued at $35,000 after purchasing an additional 50 shares during the last quarter. Finally, Geneos Wealth Management Inc. acquired a new stake in shares of Flutter Entertainment in the fourth quarter valued at approximately $39,000.

Wall Street Analyst Weigh In

Several research firms have issued reports on FLUT. The Goldman Sachs Group started coverage on Flutter Entertainment in a report on Friday, November 22nd. They set a “buy” rating and a $320.00 price objective on the stock. Macquarie assumed coverage on Flutter Entertainment in a research note on Wednesday, December 11th. They set an “outperform” rating and a $340.00 price target on the stock. Wells Fargo & Company lowered their price objective on Flutter Entertainment from $300.00 to $285.00 and set an “overweight” rating for the company in a research report on Wednesday, January 8th. Truist Financial began coverage on Flutter Entertainment in a report on Wednesday. They set a “buy” rating and a $330.00 price objective for the company. Finally, Susquehanna reduced their target price on shares of Flutter Entertainment from $322.00 to $317.00 and set a “positive” rating on the stock in a research note on Wednesday, January 8th. Eighteen 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 stock presently has a consensus rating of “Buy” and an average target price of $307.88.

Flutter Entertainment Trading Up 4.8 %

Shares of FLUT stock opened at $273.01 on Thursday. Flutter Entertainment plc has a 12-month low of $174.03 and a 12-month high of $299.73. The company has a debt-to-equity ratio of 0.66, a current ratio of 0.89 and a quick ratio of 0.89. The firm has a fifty day moving average of $266.53 and a 200-day moving average of $248.20.

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.