Arizona State Retirement System acquired a new position in Flutter Entertainment plc (NYSE:FLUT - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 51,649 shares of the company's stock, valued at approximately $13,349,000.
Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Raleigh Capital Management Inc. bought a new position in Flutter Entertainment in the 4th quarter worth approximately $26,000. BOCHK Asset Management Ltd bought a new position in Flutter Entertainment in the 4th quarter worth approximately $26,000. IFP Advisors Inc grew its holdings in 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 buying an additional 83 shares in the last quarter. Harbor Investment Advisory LLC grew its holdings 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 buying an additional 50 shares in the last quarter. Finally, UMB Bank n.a. grew its holdings in Flutter Entertainment by 58.8% in the 4th quarter. UMB Bank n.a. now owns 135 shares of the company's stock worth $35,000 after buying an additional 50 shares in the last quarter.
Flutter Entertainment Stock Performance
Shares of Flutter Entertainment stock traded down $9.19 during trading on Friday, reaching $248.02. The company's stock had a trading volume of 3,095,753 shares, compared to its average volume of 1,588,790. 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 business's fifty day moving average price is $267.23 and its 200-day moving average price is $251.64. The firm has a market cap of $44.02 billion and a price-to-earnings ratio of 1,127.38. Flutter Entertainment plc has a one year low of $174.03 and a one year high of $299.73.
Wall Street Analyst Weigh In
Several equities analysts have recently issued reports on FLUT shares. 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 report on Monday, January 6th. The Goldman Sachs Group assumed coverage on Flutter Entertainment in a research note on Friday, November 22nd. They set a "buy" rating and a $320.00 price objective for the company. Oppenheimer raised their price objective on Flutter Entertainment from $300.00 to $305.00 and gave the stock an "outperform" rating in a research note on Wednesday, November 13th. Susquehanna decreased their target price on Flutter Entertainment from $317.00 to $315.00 and set a "positive" rating for the company in a research report on Wednesday. Finally, Stifel Nicolaus assumed coverage on Flutter Entertainment in a research report on Friday, January 17th. They issued a "buy" rating and a $320.00 target price for the company. Eighteen investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Buy" and an average target price of $311.41.
Check Out Our Latest Stock Report on FLUT
About Flutter Entertainment
(
Free Report)
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.
See Also
Before you consider Flutter Entertainment, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Flutter Entertainment wasn't on the list.
While Flutter Entertainment currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Looking for the next FAANG stock before everyone has heard about it? Enter your email address to see which stocks MarketBeat analysts think might become the next trillion dollar tech company.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
