Entropy Technologies LP Buys New Position in Flutter Entertainment plc (NYSE:FLUT)

Entropy Technologies LP acquired a new stake in Flutter Entertainment plc (NYSE:FLUT - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 9,827 shares of the company's stock, valued at approximately $2,540,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Jennison Associates LLC acquired a new stake in Flutter Entertainment during the 4th quarter worth approximately $239,306,000. Vestcor Inc purchased a new position in shares of Flutter Entertainment during the 3rd quarter worth $815,000. Benson Investment Management Company Inc. acquired a new stake in Flutter Entertainment in the 4th quarter worth about $5,116,000. Sanctuary Advisors LLC acquired a new position in Flutter Entertainment during the third quarter worth approximately $802,000. Finally, Mediolanum International Funds Ltd boosted its holdings in Flutter Entertainment by 157.4% in the fourth quarter. Mediolanum International Funds Ltd now owns 45,304 shares of the company's stock valued at $11,677,000 after acquiring an additional 27,701 shares during the last quarter.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the stock. UBS Group increased their price objective on shares of Flutter Entertainment from $320.00 to $335.00 and gave the company a "buy" rating in a research report on Tuesday, January 28th. Barclays raised their price target on Flutter Entertainment from $275.00 to $301.00 and gave the company an "overweight" rating in a report on Wednesday, November 13th. Susquehanna reduced their target price on shares of Flutter Entertainment from $322.00 to $317.00 and set a "positive" rating for the company in a report on Wednesday, January 8th. Stifel Nicolaus started coverage on shares of Flutter Entertainment in a research note on Friday, January 17th. They set a "buy" rating and a $320.00 target price on the stock. Finally, Oppenheimer increased their price target on shares of Flutter Entertainment from $300.00 to $305.00 and gave the stock an "outperform" rating in a research note on Wednesday, November 13th. Seventeen research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Buy" and an average price target of $305.38.

Flutter Entertainment Stock Performance

Shares of NYSE:FLUT traded up $9.02 during trading on Wednesday, hitting $278.20. The stock had a trading volume of 1,833,535 shares, compared to its average volume of 1,235,280. The firm's fifty day moving average is $265.09 and its 200 day moving average is $241.38. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 0.66. Flutter Entertainment plc has a 12 month low of $174.03 and a 12 month high of $284.79.

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.