Allspring Global Investments Holdings LLC Sells 1,352 Shares of Flutter Entertainment plc (NYSE:FLUT)

Allspring Global Investments Holdings LLC lessened its position in Flutter Entertainment plc (NYSE:FLUT) by 53.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,162 shares of the company’s stock after selling 1,352 shares during the period. Allspring Global Investments Holdings LLC’s holdings in Flutter Entertainment were worth $301,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in the business. Harbor Investment Advisory LLC raised its stake in Flutter Entertainment by 64.1% in the fourth quarter. Harbor Investment Advisory LLC now owns 128 shares of the company’s stock valued at $33,000 after purchasing an additional 50 shares in the last quarter. UMB Bank n.a. grew its stake in Flutter Entertainment by 58.8% in 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 during the period. Seelaus Asset Management LLC raised its holdings in shares of 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 acquiring an additional 55 shares during the last quarter. Ritholtz Wealth Management boosted its holdings in Flutter Entertainment by 3.5% during the 4th quarter. Ritholtz Wealth Management now owns 1,725 shares of the company’s stock worth $446,000 after acquiring an additional 59 shares during the last quarter. Finally, US Bancorp DE grew its holdings in shares of Flutter Entertainment by 71.7% in the third quarter. US Bancorp DE now owns 237 shares of the company’s stock valued at $56,000 after acquiring an additional 99 shares in the last quarter.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the company. JMP Securities boosted their target price on Flutter Entertainment from $299.00 to $311.00 and gave the company a “market outperform” rating in a research note on Monday, January 6th. The Goldman Sachs Group initiated coverage on shares of Flutter Entertainment in a research report on Friday, November 22nd. They set a “buy” rating and a $320.00 price target for the company. Macquarie initiated 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. Susquehanna lowered their price objective on shares of Flutter Entertainment from $322.00 to $317.00 and set a “positive” rating for the company in a report on Wednesday, January 8th. Finally, Oppenheimer raised their target price on shares of Flutter Entertainment from $300.00 to $305.00 and gave the company an “outperform” rating in a research note on Wednesday, November 13th. Seventeen research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Buy” and an average target price of $306.50.

Flutter Entertainment Stock Performance

Flutter Entertainment stock opened at $259.95 on Wednesday. The stock has a fifty day moving average of $266.64 and a 200 day moving average of $247.54. Flutter Entertainment plc has a one year low of $174.03 and a one year high of $299.73. The company has a current ratio of 0.89, a quick ratio of 0.89 and a debt-to-equity ratio of 0.66.

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.