Flutter Entertainment plc (NYSE:FLUT) Stake Decreased by Marathon Asset Management Ltd

Marathon Asset Management Ltd lowered its position in Flutter Entertainment plc (NYSE:FLUT - Free Report) by 3.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,843,682 shares of the company's stock after selling 59,687 shares during the quarter. Flutter Entertainment makes up approximately 13.3% of Marathon Asset Management Ltd's portfolio, making the stock its biggest position. Marathon Asset Management Ltd owned approximately 1.04% of Flutter Entertainment worth $476,498,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in FLUT. Harbor Investment Advisory LLC increased its position in Flutter Entertainment by 64.1% in the 4th quarter. Harbor Investment Advisory LLC now owns 128 shares of the company's stock valued at $33,000 after acquiring an additional 50 shares during the period. UMB Bank n.a. grew its position in Flutter Entertainment by 58.8% in the 4th quarter. UMB Bank n.a. now owns 135 shares of the company's stock valued at $35,000 after buying an additional 50 shares during the last quarter. Seelaus Asset Management LLC grew its position in Flutter Entertainment by 6.4% in the 4th quarter. Seelaus Asset Management LLC now owns 914 shares of the company's stock valued at $236,000 after buying an additional 55 shares during the last quarter. Ritholtz Wealth Management raised its position in Flutter Entertainment by 3.5% during the 4th quarter. Ritholtz Wealth Management now owns 1,725 shares of the company's stock worth $446,000 after buying an additional 59 shares during the last quarter. Finally, IFP Advisors Inc raised its position in Flutter Entertainment by 244.1% during the 4th quarter. IFP Advisors Inc now owns 117 shares of the company's stock worth $31,000 after buying an additional 83 shares during the last quarter.

Flutter Entertainment Trading Down 3.2 %

Shares of FLUT stock traded down $9.03 during trading hours on Monday, hitting $271.56. The company's stock had a trading volume of 1,693,551 shares, compared to its average volume of 1,469,191. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 0.66. The business has a fifty day moving average of $267.06 and a 200-day moving average of $249.71. Flutter Entertainment plc has a twelve month low of $174.03 and a twelve month high of $299.73.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on FLUT shares. The Goldman Sachs Group began coverage on shares of Flutter Entertainment in a research note on Friday, November 22nd. They set a "buy" rating and a $320.00 price target on the stock. Barclays boosted their target price on Flutter Entertainment from $275.00 to $301.00 and gave the stock an "overweight" rating in a research report on Wednesday, November 13th. Stifel Nicolaus initiated coverage on Flutter Entertainment in a report on Friday, January 17th. They issued a "buy" rating and a $320.00 price target for the company. Wells Fargo & Company dropped their price objective on Flutter Entertainment from $300.00 to $285.00 and set an "overweight" rating on the stock in a report on Wednesday, January 8th. Finally, Benchmark increased their price objective on Flutter Entertainment from $265.00 to $275.00 and gave the stock a "buy" rating in a research report on Wednesday, November 13th. Eighteen equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of "Buy" and an average target price of $307.88.

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.