Mediolanum International Funds Ltd Increases Stock Holdings in Flutter Entertainment plc (NYSE:FLUT)

Mediolanum International Funds Ltd lifted its holdings in Flutter Entertainment plc (NYSE:FLUT - Free Report) by 157.4% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 45,304 shares of the company's stock after purchasing an additional 27,701 shares during the quarter. Mediolanum International Funds Ltd's holdings in Flutter Entertainment were worth $11,677,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Harbor Investment Advisory LLC raised 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 valued at $33,000 after buying an additional 50 shares in the last quarter. UMB Bank n.a. increased its stake in Flutter Entertainment by 58.8% during 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 last quarter. Ritholtz Wealth Management raised its position in Flutter Entertainment by 3.5% during the fourth quarter. Ritholtz Wealth Management now owns 1,725 shares of the company's stock valued at $446,000 after purchasing an additional 59 shares during the period. US Bancorp DE lifted its stake in shares of Flutter Entertainment by 71.7% in the 3rd quarter. US Bancorp DE now owns 237 shares of the company's stock valued at $56,000 after purchasing an additional 99 shares during the last quarter. Finally, Raleigh Capital Management Inc. purchased a new position in shares of Flutter Entertainment in the 4th quarter worth approximately $26,000.

Flutter Entertainment Trading Down 1.9 %

Shares of FLUT traded down $5.06 during mid-day trading on Friday, hitting $266.93. The company's stock had a trading volume of 1,068,802 shares, compared to its average volume of 1,100,591. 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 $266.52 and its 200-day moving average is $237.82. Flutter Entertainment plc has a 52-week low of $174.03 and a 52-week high of $284.79.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on FLUT. BTIG Research increased their price target on Flutter Entertainment from $249.00 to $305.00 and gave the company a "buy" rating in a report on Monday, November 11th. Barclays increased their price objective on shares of Flutter Entertainment from $275.00 to $301.00 and gave the stock an "overweight" rating in a research report on Wednesday, November 13th. JMP Securities boosted 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. Susquehanna reduced their price target on Flutter Entertainment from $322.00 to $317.00 and set a "positive" rating on the stock in a report on Wednesday, January 8th. Finally, The Goldman Sachs Group initiated coverage on Flutter Entertainment in a report on Friday, November 22nd. They set a "buy" rating and a $320.00 price objective for the company. Seventeen research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, Flutter Entertainment currently 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.