Flutter Entertainment plc (NYSE:FLUT) Shares Purchased by IFP Advisors Inc

IFP Advisors Inc lifted its stake in Flutter Entertainment plc (NYSE:FLUT) by 244.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 117 shares of the company’s stock after purchasing an additional 83 shares during the quarter. IFP Advisors Inc’s holdings in Flutter Entertainment were worth $31,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Massachusetts Financial Services Co. MA purchased a new position in shares of Flutter Entertainment during the third quarter worth $849,474,000. FMR LLC boosted its position in shares of Flutter Entertainment by 13.2% during the third quarter. FMR LLC now owns 3,375,670 shares of the company’s stock worth $794,362,000 after buying an additional 393,122 shares during the period. Bank of Montreal Can boosted its holdings in Flutter Entertainment by 868.5% in the third quarter. Bank of Montreal Can now owns 3,367,022 shares of the company’s stock valued at $798,927,000 after purchasing an additional 3,019,376 shares during the period. Cantillon Capital Management LLC boosted its holdings in Flutter Entertainment by 3,827.8% in the third quarter. Cantillon Capital Management LLC now owns 2,397,384 shares of the company’s stock valued at $568,851,000 after purchasing an additional 2,336,347 shares during the period. Finally, Geode Capital Management LLC acquired a new position in Flutter Entertainment during the 3rd quarter worth $436,599,000.

Flutter Entertainment Price Performance

Flutter Entertainment stock opened at $248.02 on Friday. Flutter Entertainment plc has a one year low of $174.03 and a one year high of $299.73. 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 business has a fifty day moving average of $267.23 and a two-hundred day moving average of $251.02. The company has a market cap of $44.02 billion and a P/E ratio of 1,127.38.

Wall Street Analyst Weigh In

Several analysts recently weighed in on FLUT shares. Macquarie reaffirmed an “outperform” rating and issued a $340.00 target price on shares of Flutter Entertainment in a report on Wednesday. Truist Financial started coverage on shares of Flutter Entertainment in a report on Wednesday, February 26th. They issued a “buy” rating and a $330.00 target price on the stock. Needham & Company LLC raised their target price on shares of Flutter Entertainment from $300.00 to $310.00 and gave the company a “buy” rating in a report on Wednesday. Barclays raised their target price on shares of Flutter Entertainment from $301.00 to $308.00 and gave the company an “overweight” rating in a report on Wednesday. Finally, UBS Group raised their target price on shares of Flutter Entertainment from $335.00 to $340.00 and gave the company a “buy” rating in a report on Thursday. Eighteen analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, Flutter Entertainment 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.