AustralianSuper Pty Ltd Sells 94,347 Shares of Flutter Entertainment plc (NYSE:FLUT)

AustralianSuper Pty Ltd lessened its holdings in Flutter Entertainment plc (NYSE:FLUT - Free Report) by 9.8% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 867,863 shares of the company's stock after selling 94,347 shares during the quarter. Flutter Entertainment accounts for 1.1% of AustralianSuper Pty Ltd's investment portfolio, making the stock its 17th largest position. AustralianSuper Pty Ltd owned approximately 0.49% of Flutter Entertainment worth $224,299,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of FLUT. Massachusetts Financial Services Co. MA bought a new position in Flutter Entertainment in the 3rd quarter valued at $849,474,000. Bank of Montreal Can lifted its position in shares of Flutter Entertainment by 868.5% during the 3rd quarter. Bank of Montreal Can now owns 3,367,022 shares of the company's stock valued at $798,927,000 after buying an additional 3,019,376 shares during the last quarter. Cantillon Capital Management LLC lifted its position in shares of Flutter Entertainment by 3,827.8% during the 3rd quarter. Cantillon Capital Management LLC now owns 2,397,384 shares of the company's stock valued at $568,851,000 after buying an additional 2,336,347 shares during the last quarter. Marathon Asset Management Ltd purchased a new position in shares of Flutter Entertainment during the 3rd quarter valued at $451,631,000. Finally, Geode Capital Management LLC purchased a new position in shares of Flutter Entertainment during the 3rd quarter valued at $436,599,000.

Analyst Ratings Changes

FLUT has been the topic of a number of recent research reports. Wells Fargo & Company dropped their price target on Flutter Entertainment from $300.00 to $285.00 and set an "overweight" rating on the stock in a research report on Wednesday, January 8th. Oppenheimer upped their price target on Flutter Entertainment from $300.00 to $305.00 and gave the company an "outperform" rating in a research report on Wednesday, November 13th. Needham & Company LLC reaffirmed a "buy" rating and set a $300.00 price target on shares of Flutter Entertainment in a research report on Wednesday, January 8th. Susquehanna dropped their price target on Flutter Entertainment from $322.00 to $317.00 and set a "positive" rating on the stock in a research report on Wednesday, January 8th. Finally, Craig Hallum increased their price objective on Flutter Entertainment from $275.00 to $350.00 and gave the stock a "buy" rating in a report on Wednesday, November 13th. Seventeen investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Buy" and an average price target of $305.38.

Flutter Entertainment Trading Down 1.4 %

Shares of NYSE:FLUT traded down $4.23 on Tuesday, hitting $294.58. The company's stock had a trading volume of 2,256,426 shares, compared to its average volume of 1,366,406. The company has a 50-day simple moving average of $266.06 and a 200 day simple moving average of $244.07. Flutter Entertainment plc has a 1 year low of $174.03 and a 1 year high of $299.73. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.89 and a current ratio of 0.89.

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.