Chung Wu Investment Group LLC Purchases Shares of 1,250 Flutter Entertainment plc (NYSE:FLUT)

Chung Wu Investment Group LLC purchased a new stake in shares of Flutter Entertainment plc (NYSE:FLUT - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 1,250 shares of the company's stock, valued at approximately $323,000.

A number of other large investors have also made changes to their positions in FLUT. abrdn plc acquired a new stake in shares of Flutter Entertainment during the third quarter valued at approximately $224,000. US Bancorp DE raised its holdings in shares of Flutter Entertainment by 71.7% during the third quarter. US Bancorp DE now owns 237 shares of the company's stock valued at $56,000 after acquiring an additional 99 shares during the period. Van ECK Associates Corp acquired a new position in Flutter Entertainment in the 3rd quarter valued at approximately $2,784,000. Robeco Institutional Asset Management B.V. acquired a new position in Flutter Entertainment in the 3rd quarter valued at approximately $4,900,000. Finally, Asset Management One Co. Ltd. acquired a new position in Flutter Entertainment in the 3rd quarter valued at approximately $14,770,000.

Flutter Entertainment Stock Performance

Shares of NYSE FLUT traded down $9.19 during trading hours on Friday, hitting $248.02. 3,095,753 shares of the stock were exchanged, compared to its average volume of 1,588,790. The company has a debt-to-equity ratio of 0.66, a current ratio of 0.89 and a quick ratio of 0.89. The company's 50 day moving average is $267.23 and its 200 day moving average is $251.35. The firm has a market capitalization of $44.02 billion and a P/E ratio of 1,127.38. Flutter Entertainment plc has a one year low of $174.03 and a one year high of $299.73.

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Wall Street Analysts Forecast Growth

Several research analysts have weighed in on FLUT shares. Needham & Company LLC upped their price objective on shares of Flutter Entertainment from $300.00 to $310.00 and gave the company a "buy" rating in a research note on Wednesday. Benchmark upped their price objective on shares of Flutter Entertainment from $275.00 to $300.00 and gave the company a "buy" rating in a research note on Wednesday. UBS Group upped their price objective on shares of Flutter Entertainment from $335.00 to $340.00 and gave the company a "buy" rating in a research note on Thursday. Stifel Nicolaus assumed coverage on shares of Flutter Entertainment in a research note on Friday, January 17th. They issued a "buy" rating and a $320.00 price objective on the stock. Finally, Susquehanna decreased their target price on shares of Flutter Entertainment from $317.00 to $315.00 and set a "positive" rating for the company in a research report on Wednesday. Eighteen research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, Flutter Entertainment presently has an average rating of "Buy" and an average price target of $311.41.

Flutter Entertainment 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.