Calamos Advisors LLC bought a new position in shares of Flutter Entertainment plc (NYSE:FLUT - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 9,247 shares of the company's stock, valued at approximately $2,390,000.
Other large investors also recently modified their holdings of the company. abrdn plc boosted its stake in Flutter Entertainment by 6,491.2% in the fourth quarter. abrdn plc now owns 62,221 shares of the company's stock valued at $16,056,000 after buying an additional 61,277 shares in the last quarter. Jennison Associates LLC acquired a new stake in Flutter Entertainment in the fourth quarter valued at about $239,306,000. Lederer & Associates Investment Counsel CA acquired a new stake in Flutter Entertainment in the fourth quarter valued at about $1,510,000. SkyOak Wealth LLC acquired a new stake in Flutter Entertainment in the fourth quarter valued at about $217,000. Finally, Tokio Marine Asset Management Co. Ltd. boosted its stake in Flutter Entertainment by 6.6% in the fourth quarter. Tokio Marine Asset Management Co. Ltd. now owns 5,912 shares of the company's stock valued at $1,528,000 after buying an additional 364 shares in the last quarter.
Analysts Set New Price Targets
Several research firms have commented on FLUT. JMP Securities increased their target price 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. BTIG Research increased their target price on 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 increased their target price on Flutter Entertainment from $275.00 to $350.00 and gave the company a "buy" rating in a research report on Wednesday, November 13th. Needham & Company LLC restated a "buy" rating and set a $300.00 price objective on shares of Flutter Entertainment in a research report on Wednesday, January 8th. Finally, Bank of America assumed coverage on Flutter Entertainment in a research report on Monday, October 14th. They set a "buy" rating and a $300.00 price objective for the company. Seventeen investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company currently has an average rating of "Buy" and an average target price of $305.38.
View Our Latest Stock Analysis on Flutter Entertainment
Flutter Entertainment Trading Up 0.9 %
Flutter Entertainment stock traded up $2.35 during mid-day trading on Friday, reaching $268.47. The stock had a trading volume of 846,301 shares, compared to its average volume of 1,121,716. 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 plc has a fifty-two week low of $174.03 and a fifty-two week high of $284.79. The stock's 50-day simple moving average is $265.54 and its 200-day simple moving average is $239.79.
Flutter Entertainment Profile
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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.
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