Bleakley Financial Group LLC Decreases Stock Holdings in Flutter Entertainment plc (NYSE:FLUT)

Bleakley Financial Group LLC cut its stake in Flutter Entertainment plc (NYSE:FLUT - Free Report) by 71.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 886 shares of the company's stock after selling 2,219 shares during the quarter. Bleakley Financial Group LLC's holdings in Flutter Entertainment were worth $229,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently made changes to their positions in the company. Raleigh Capital Management Inc. bought a new stake in shares of Flutter Entertainment in the fourth quarter worth approximately $26,000. BOCHK Asset Management Ltd bought a new stake in shares of Flutter Entertainment in the fourth quarter worth approximately $26,000. Harbor Investment Advisory LLC grew its stake in shares of Flutter Entertainment by 64.1% in the fourth quarter. Harbor Investment Advisory LLC now owns 128 shares of the company's stock worth $33,000 after acquiring an additional 50 shares during the period. UMB Bank n.a. grew 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 worth $35,000 after acquiring an additional 50 shares during the period. Finally, Geneos Wealth Management Inc. bought a new stake in Flutter Entertainment during the fourth quarter valued at approximately $39,000.

Flutter Entertainment Trading Up 5.9 %

Shares of FLUT stock traded up $16.66 during mid-day trading on Friday, hitting $298.88. The company had a trading volume of 3,875,104 shares, compared to its average volume of 1,121,716. Flutter Entertainment plc has a 52-week low of $174.03 and a 52-week high of $299.73. The stock's 50 day moving average price is $265.51 and its 200-day moving average price is $243.32. The company has a debt-to-equity ratio of 0.66, a current ratio of 0.89 and a quick ratio of 0.89.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on FLUT shares. Needham & Company LLC restated a "buy" rating and set a $300.00 target price on shares of Flutter Entertainment in a research report on Wednesday, January 8th. Wells Fargo & Company cut their target price on shares of Flutter Entertainment from $300.00 to $285.00 and set an "overweight" rating for the company in a research report on Wednesday, January 8th. BTIG Research boosted their target price on shares of Flutter Entertainment from $249.00 to $305.00 and gave the company a "buy" rating in a research report on Monday, November 11th. Craig Hallum boosted their target price on shares of Flutter Entertainment from $275.00 to $350.00 and gave the company a "buy" rating in a research report on Wednesday, November 13th. Finally, Macquarie started coverage on shares of Flutter Entertainment in a research report on Wednesday, December 11th. They set an "outperform" rating and a $340.00 target price for the company. Seventeen investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Buy" and an average price target of $305.38.

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.