Capital Wealth Planning LLC Invests $3.40 Million in Flutter Entertainment plc (NYSE:FLUT)

Capital Wealth Planning LLC acquired a new position in Flutter Entertainment plc (NYSE:FLUT - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 13,162 shares of the company's stock, valued at approximately $3,402,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Raleigh Capital Management Inc. bought a new stake in shares of Flutter Entertainment during the fourth quarter valued at approximately $26,000. BOCHK Asset Management Ltd bought a new stake in Flutter Entertainment in the fourth quarter valued at $26,000. IFP Advisors Inc grew its position in Flutter Entertainment by 244.1% in the fourth quarter. IFP Advisors Inc now owns 117 shares of the company's stock valued at $31,000 after acquiring an additional 83 shares during the period. Harbor Investment Advisory LLC increased its position in shares of Flutter Entertainment by 64.1% during the 4th quarter. Harbor Investment Advisory LLC now owns 128 shares of the company's stock worth $33,000 after purchasing an additional 50 shares in the last quarter. Finally, UMB Bank n.a. grew its position in Flutter Entertainment by 58.8% during the 4th 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 last quarter.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the company. Needham & Company LLC restated a "buy" rating and issued a $300.00 target price on shares of Flutter Entertainment in a research note on Wednesday, January 8th. Truist Financial assumed coverage on shares of Flutter Entertainment in a research report on Wednesday, February 26th. They issued a "buy" rating and a $330.00 price objective for the company. Wells Fargo & Company decreased their price objective 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. Benchmark boosted their target price on Flutter Entertainment from $265.00 to $275.00 and gave the stock a "buy" rating in a research report on Wednesday, November 13th. Finally, 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 price target on the stock. Eighteen equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Buy" and an average price target of $307.88.

Flutter Entertainment Stock Down 3.2 %

Shares of FLUT stock traded down $9.03 on Monday, hitting $271.56. The stock had a trading volume of 1,693,551 shares, compared to its average volume of 1,469,191. The company has a debt-to-equity ratio of 0.66, a current ratio of 0.89 and a quick ratio of 0.89. Flutter Entertainment plc has a twelve month low of $174.03 and a twelve month high of $299.73. The company has a fifty day moving average price of $267.28 and a two-hundred day moving average price of $250.16.

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.