Van ECK Associates Corp Sells 2,783 Shares of Flutter Entertainment plc (NYSE:FLUT)

Van ECK Associates Corp trimmed its holdings in shares of Flutter Entertainment plc (NYSE:FLUT) by 22.9% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 9,374 shares of the company’s stock after selling 2,783 shares during the quarter. Van ECK Associates Corp’s holdings in Flutter Entertainment were worth $2,423,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Raleigh Capital Management Inc. bought a new stake in Flutter Entertainment during the 4th quarter worth approximately $26,000. BOCHK Asset Management Ltd bought a new stake in shares of Flutter Entertainment in the 4th quarter valued at $26,000. Harbor Investment Advisory LLC boosted its stake in shares of Flutter Entertainment by 64.1% in 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 last quarter. UMB Bank n.a. boosted its stake in shares of Flutter Entertainment by 58.8% in the 4th 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. bought a new stake in shares of Flutter Entertainment in the 4th quarter valued at $39,000.

Wall Street Analyst Weigh In

A number of research firms have recently commented on FLUT. Benchmark upped their price objective on shares of Flutter Entertainment from $265.00 to $275.00 and gave the company a “buy” rating in a research note on Wednesday, November 13th. The Goldman Sachs Group began coverage on shares of Flutter Entertainment in a research note on Friday, November 22nd. They issued a “buy” rating and a $320.00 price objective on the stock. UBS Group upped their price objective on shares of Flutter Entertainment from $320.00 to $335.00 and gave the company a “buy” rating in a research note on Tuesday, January 28th. Oppenheimer boosted their target price on shares of Flutter Entertainment from $300.00 to $305.00 and gave the company an “outperform” rating in a research report on Wednesday, November 13th. Finally, JMP Securities boosted their target price on shares of Flutter Entertainment from $299.00 to $311.00 and gave the company a “market outperform” rating in a research report on Monday, January 6th. Seventeen investment 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.com, the company presently has a consensus rating of “Buy” and a consensus target price of $305.38.

Flutter Entertainment Stock Performance

FLUT opened at $287.69 on Friday. 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 company’s fifty day moving average price is $266.87 and its two-hundred day moving average price is $245.45. Flutter Entertainment plc has a 1-year low of $174.03 and a 1-year high of $299.73.

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.