Flutter Entertainment plc (NYSE:FLUT) Shares Sold by Assenagon Asset Management S.A.

Assenagon Asset Management S.A. reduced its position in shares of Flutter Entertainment plc (NYSE:FLUT) by 5.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,998 shares of the company’s stock after selling 397 shares during the period. Assenagon Asset Management S.A.’s holdings in Flutter Entertainment were worth $1,809,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the company. US Bancorp DE lifted its holdings in Flutter Entertainment by 71.7% in the 3rd quarter. US Bancorp DE now owns 237 shares of the company’s stock worth $56,000 after buying an additional 99 shares in the last quarter. Venturi Wealth Management LLC purchased a new stake in shares of Flutter Entertainment during the third quarter worth about $82,000. Mirae Asset Global Investments Co. Ltd. acquired a new position in shares of Flutter Entertainment in the third quarter worth about $190,000. Benjamin F. Edwards & Company Inc. boosted its holdings in Flutter Entertainment by 93.4% in the second quarter. Benjamin F. Edwards & Company Inc. now owns 1,077 shares of the company’s stock valued at $197,000 after purchasing an additional 520 shares during the last quarter. Finally, Seelaus Asset Management LLC acquired a new stake in Flutter Entertainment during the 3rd quarter valued at approximately $204,000.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on FLUT shares. Susquehanna reduced their target price on Flutter Entertainment from $322.00 to $317.00 and set a “positive” rating for the company in a research note on Wednesday, January 8th. Moffett Nathanson increased their price objective on shares of Flutter Entertainment from $245.00 to $275.00 and gave the company a “buy” rating in a research note on Thursday, September 26th. Craig Hallum boosted their target price on shares of Flutter Entertainment from $275.00 to $350.00 and gave the stock a “buy” rating in a research report on Wednesday, November 13th. BTIG Research increased their price target on shares of Flutter Entertainment from $249.00 to $305.00 and gave the stock a “buy” rating in a research report on Monday, November 11th. Finally, Macquarie assumed coverage on Flutter Entertainment in a report on Wednesday, December 11th. They issued an “outperform” rating and a $340.00 price objective for the company. Seventeen analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Flutter Entertainment currently has an average rating of “Buy” and a consensus price target of $304.44.

Flutter Entertainment Price Performance

FLUT stock opened at $267.60 on Friday. Flutter Entertainment plc has a 1 year low of $174.03 and a 1 year high of $284.79. The company has a current ratio of 0.89, a quick ratio of 0.89 and a debt-to-equity ratio of 0.66. The stock’s fifty day moving average is $266.47 and its two-hundred day moving average is $234.67.

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.