Bank of New York Mellon Corp Buys 81,101 Shares of Flutter Entertainment plc (NYSE:FLUT)

Bank of New York Mellon Corp grew its stake in shares of Flutter Entertainment plc (NYSE:FLUT) by 68.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 199,813 shares of the company’s stock after purchasing an additional 81,101 shares during the period. Bank of New York Mellon Corp owned approximately 0.11% of Flutter Entertainment worth $51,642,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Harbor Investment Advisory LLC grew its position in 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 period. UMB Bank n.a. lifted its stake in shares of 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 buying an additional 50 shares in the last quarter. Seelaus Asset Management LLC grew its holdings in shares of Flutter Entertainment by 6.4% during the fourth quarter. Seelaus Asset Management LLC now owns 914 shares of the company’s stock valued at $236,000 after buying an additional 55 shares during the last quarter. Ritholtz Wealth Management increased its position in shares of Flutter Entertainment by 3.5% during the fourth quarter. Ritholtz Wealth Management now owns 1,725 shares of the company’s stock worth $446,000 after acquiring an additional 59 shares in the last quarter. Finally, IFP Advisors Inc raised its holdings in shares of Flutter Entertainment by 244.1% in the 4th quarter. IFP Advisors Inc now owns 117 shares of the company’s stock worth $31,000 after acquiring an additional 83 shares during the last quarter.

Flutter Entertainment Trading Up 2.0 %

Shares of FLUT stock opened at $271.43 on Thursday. 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 has a 50 day moving average of $267.55 and a 200-day moving average of $250.70. Flutter Entertainment plc has a 12-month low of $174.03 and a 12-month high of $299.73.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on FLUT. JMP Securities lifted their price target 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 began coverage on Flutter Entertainment in a report on Friday, November 22nd. They issued a “buy” rating and a $320.00 target price on the stock. Oppenheimer upped their price target on Flutter Entertainment from $300.00 to $305.00 and gave the stock an “outperform” rating in a report on Wednesday, November 13th. UBS Group raised their price objective on Flutter Entertainment from $320.00 to $335.00 and gave the company a “buy” rating in a research note on Tuesday, January 28th. Finally, BTIG Research set a $323.00 target price on shares of Flutter Entertainment in a research note on Monday, February 3rd. Eighteen analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Buy” and an average price target of $311.12.

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.