Barclays Raises Flutter Entertainment (NYSE:FLUT) Price Target to $308.00

Flutter Entertainment (NYSE:FLUT) had its price target upped by Barclays from $301.00 to $308.00 in a report released on Wednesday,Benzinga reports. The firm currently has an “overweight” rating on the stock. Barclays‘s target price points to a potential upside of 19.86% from the stock’s previous close.

FLUT has been the topic of several other reports. Macquarie assumed coverage on Flutter Entertainment in a research report on Wednesday, December 11th. They set an “outperform” rating and a $340.00 price target on the stock. The Goldman Sachs Group assumed coverage on shares of Flutter Entertainment in a research report on Friday, November 22nd. They issued a “buy” rating and a $320.00 target price on the stock. JMP Securities upped their price target on Flutter Entertainment from $299.00 to $311.00 and gave the stock a “market outperform” rating in a research note on Monday, January 6th. Benchmark boosted their target price on Flutter Entertainment from $265.00 to $275.00 and gave the stock a “buy” rating in a report on Wednesday, November 13th. Finally, BTIG Research set a $323.00 price target on Flutter Entertainment in a report on Monday, February 3rd. Eighteen research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Buy” and an average target price of $311.41.

Flutter Entertainment Stock Performance

Shares of FLUT opened at $256.96 on Wednesday. Flutter Entertainment has a 1-year low of $174.03 and a 1-year high of $299.73. The firm’s 50-day moving average price is $267.50 and its 200-day moving average price is $250.75. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 0.66.

Institutional Investors Weigh In On Flutter Entertainment

A number of institutional investors and hedge funds have recently added to or reduced their stakes in FLUT. Harbor Investment Advisory LLC raised its stake in Flutter Entertainment by 64.1% during the 4th quarter. Harbor Investment Advisory LLC now owns 128 shares of the company’s stock valued at $33,000 after purchasing an additional 50 shares during the period. UMB Bank n.a. grew its stake in 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 acquiring an additional 50 shares in the last quarter. Seelaus Asset Management LLC lifted its stake in Flutter Entertainment by 6.4% in the 4th quarter. Seelaus Asset Management LLC now owns 914 shares of the company’s stock worth $236,000 after purchasing an additional 55 shares in the last quarter. Ritholtz Wealth Management boosted its holdings in shares of Flutter Entertainment by 3.5% during the 4th quarter. Ritholtz Wealth Management now owns 1,725 shares of the company’s stock valued at $446,000 after purchasing an additional 59 shares during the last quarter. Finally, Farther Finance Advisors LLC grew its position in shares of Flutter Entertainment by 585.7% during the fourth quarter. Farther Finance Advisors LLC now owns 96 shares of the company’s stock valued at $25,000 after purchasing an additional 82 shares in the last quarter.

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.