State of New Jersey Common Pension Fund D reduced its stake in shares of Flutter Entertainment plc (NYSE:FLUT - Free Report) by 6.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 66,247 shares of the company's stock after selling 4,676 shares during the quarter. State of New Jersey Common Pension Fund D's holdings in Flutter Entertainment were worth $17,122,000 at the end of the most recent quarter.
Several other large investors have also recently bought and sold shares of the stock. Harbor Investment Advisory LLC raised its stake in shares of 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 buying an additional 50 shares in the last quarter. UMB Bank n.a. raised its stake in shares of 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 in the last quarter. Seelaus Asset Management LLC raised its stake in shares of 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 in the last quarter. Ritholtz Wealth Management raised its stake in shares of Flutter Entertainment by 3.5% in the 4th quarter. Ritholtz Wealth Management now owns 1,725 shares of the company's stock valued at $446,000 after buying an additional 59 shares in the last quarter. Finally, US Bancorp DE raised 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 buying an additional 99 shares in the last quarter.
Analyst Upgrades and Downgrades
A number of brokerages have recently issued reports on FLUT. Susquehanna dropped their price objective on shares of Flutter Entertainment from $322.00 to $317.00 and set a "positive" rating for the company in a research note on Wednesday, January 8th. Needham & Company LLC restated a "buy" rating and issued a $300.00 price objective on shares of Flutter Entertainment in a research note on Wednesday, January 8th. Wells Fargo & Company dropped their target price on shares of Flutter Entertainment from $300.00 to $285.00 and set an "overweight" rating for the company in a research report on Wednesday, January 8th. The Goldman Sachs Group initiated coverage on shares of Flutter Entertainment in a research report on Friday, November 22nd. They set a "buy" rating and a $320.00 target price for the company. Finally, JMP Securities increased their target price on shares of Flutter Entertainment from $299.00 to $311.00 and gave the stock a "market outperform" rating in a research report on Monday, January 6th. Seventeen investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Flutter Entertainment has an average rating of "Buy" and a consensus price target of $305.38.
View Our Latest Stock Analysis on Flutter Entertainment
Flutter Entertainment Trading Down 5.3 %
NYSE:FLUT traded down $15.38 during mid-day trading on Friday, reaching $272.36. 1,641,453 shares of the company were exchanged, compared to its average volume of 1,361,716. Flutter Entertainment plc has a 12 month low of $174.03 and a 12 month high of $299.73. The company has a fifty day moving average of $266.87 and a 200 day moving average of $245.45. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 0.66.
About Flutter Entertainment
(
Free Report)
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.
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