2,003 Shares in Flutter Entertainment plc (NYSE:FLUT) Bought by Independence Bank of Kentucky

Independence Bank of Kentucky acquired a new stake in Flutter Entertainment plc (NYSE:FLUT - Free Report) during the fourth quarter, according to its most recent 13F filing with the SEC. The fund acquired 2,003 shares of the company's stock, valued at approximately $518,000.

Several other institutional investors have also added to or reduced their stakes in FLUT. Massachusetts Financial Services Co. MA purchased a new stake in Flutter Entertainment during the 3rd quarter worth about $849,474,000. FMR LLC lifted its holdings in shares of Flutter Entertainment by 13.2% in the third quarter. FMR LLC now owns 3,375,670 shares of the company's stock worth $794,362,000 after buying an additional 393,122 shares in the last quarter. Bank of Montreal Can boosted its position in shares of Flutter Entertainment by 868.5% in the third quarter. Bank of Montreal Can now owns 3,367,022 shares of the company's stock valued at $798,927,000 after acquiring an additional 3,019,376 shares during the period. Cantillon Capital Management LLC grew its stake in Flutter Entertainment by 3,827.8% during the third quarter. Cantillon Capital Management LLC now owns 2,397,384 shares of the company's stock valued at $568,851,000 after acquiring an additional 2,336,347 shares in the last quarter. Finally, Marathon Asset Management Ltd bought a new stake in Flutter Entertainment during the 3rd quarter worth approximately $451,631,000.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the company. The Goldman Sachs Group started coverage on Flutter Entertainment in a research report on Friday, November 22nd. They set a "buy" rating and a $320.00 price target for the company. Bank of America initiated coverage on shares of Flutter Entertainment in a research note on Monday, October 14th. They issued a "buy" rating and a $300.00 price target for the company. Macquarie started coverage on shares of Flutter Entertainment in a research report on Wednesday, December 11th. They set an "outperform" rating and a $340.00 price objective on the stock. UBS Group lifted their price objective on shares of Flutter Entertainment from $320.00 to $335.00 and gave the stock a "buy" rating in a report on Tuesday, January 28th. Finally, Benchmark boosted their target price on Flutter Entertainment from $265.00 to $275.00 and gave the stock a "buy" rating in a research report on Wednesday, November 13th. Seventeen investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Buy" and a consensus target price of $305.38.

Flutter Entertainment Trading Down 1.9 %

Shares of NYSE:FLUT traded down $5.06 on Friday, hitting $266.93. 1,068,802 shares of the company traded hands, compared to its average volume of 1,100,591. The stock has a 50 day simple moving average of $266.52 and a 200-day simple moving average of $237.82. Flutter Entertainment plc has a 52 week low of $174.03 and a 52 week high of $284.79. The company has a debt-to-equity ratio of 0.66, a current ratio of 0.89 and a quick ratio of 0.89.

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.