Bleakley Financial Group LLC Sells 2,219 Shares of Flutter Entertainment plc (NYSE:FLUT)

Bleakley Financial Group LLC trimmed its holdings in shares of Flutter Entertainment plc (NYSE:FLUT) by 71.5% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 886 shares of the company’s stock after selling 2,219 shares during the quarter. Bleakley Financial Group LLC’s holdings in Flutter Entertainment were worth $229,000 as of its most recent filing with the SEC.

A number of other large investors have also bought and sold shares of FLUT. Raleigh Capital Management Inc. acquired a new position in shares of Flutter Entertainment in the fourth quarter valued at approximately $26,000. BOCHK Asset Management Ltd bought a new stake in Flutter Entertainment in the 4th quarter valued at $26,000. Harbor Investment Advisory LLC boosted its stake in Flutter Entertainment by 64.1% in the 4th 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 Flutter Entertainment by 58.8% during the 4th quarter. UMB Bank n.a. now owns 135 shares of the company’s stock worth $35,000 after purchasing an additional 50 shares in the last quarter. Finally, Geneos Wealth Management Inc. acquired a new stake in shares of Flutter Entertainment in the 4th quarter valued at about $39,000.

Analyst Ratings Changes

Several research firms have recently weighed in on FLUT. Stifel Nicolaus started coverage on Flutter Entertainment in a research report on Friday, January 17th. They set a “buy” rating and a $320.00 price objective for the company. Macquarie initiated coverage on Flutter Entertainment in a research report on Wednesday, December 11th. They set an “outperform” rating and a $340.00 price target for the company. 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 report on Wednesday, November 13th. Oppenheimer increased their target price on shares of Flutter Entertainment from $300.00 to $305.00 and gave the stock an “outperform” rating in a report on Wednesday, November 13th. Finally, UBS Group raised their target price on shares of Flutter Entertainment from $320.00 to $335.00 and gave the company a “buy” rating in a research report on Tuesday, January 28th. Seventeen investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average price target of $305.38.

Flutter Entertainment Trading Up 3.4 %

Flutter Entertainment stock opened at $278.20 on Thursday. The business has a 50 day moving average of $265.09 and a 200-day moving average of $241.38. Flutter Entertainment plc has a 1 year low of $174.03 and a 1 year high of $284.79. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 0.66.

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.