KBC Group NV Buys 1,970 Shares of Flutter Entertainment plc (NYSE:FLUT)

KBC Group NV lifted its stake in Flutter Entertainment plc (NYSE:FLUT - Free Report) by 22.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 10,790 shares of the company's stock after acquiring an additional 1,970 shares during the period. KBC Group NV's holdings in Flutter Entertainment were worth $2,788,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Raleigh Capital Management Inc. acquired a new stake in shares of Flutter Entertainment during the fourth quarter valued at approximately $26,000. Harbor Investment Advisory LLC raised its holdings in shares of Flutter Entertainment by 64.1% during the fourth 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. raised its holdings in shares of Flutter Entertainment by 58.8% during the fourth quarter. UMB Bank n.a. now owns 135 shares of the company's stock valued at $35,000 after acquiring an additional 50 shares during the period. Geneos Wealth Management Inc. acquired a new stake in shares of Flutter Entertainment during the fourth quarter valued at approximately $39,000. Finally, US Bancorp DE raised its holdings in shares of Flutter Entertainment by 71.7% during the third quarter. US Bancorp DE now owns 237 shares of the company's stock valued at $56,000 after acquiring an additional 99 shares during the period.

Flutter Entertainment Stock Performance

Shares of FLUT stock traded down $5.06 during mid-day trading on Friday, reaching $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 current ratio of 0.89, a quick ratio of 0.89 and a debt-to-equity ratio of 0.66. The firm's 50-day moving average is $266.52 and its two-hundred day moving average is $237.82. Flutter Entertainment plc has a 1-year low of $174.03 and a 1-year high of $284.79.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the stock. Bank of America assumed coverage on shares of Flutter Entertainment in a research note on Monday, October 14th. They issued a "buy" rating and a $300.00 price objective on the stock. The Goldman Sachs Group assumed coverage on shares of Flutter Entertainment in a research note on Friday, November 22nd. They issued a "buy" rating and a $320.00 price objective on the stock. Craig Hallum upped their price objective on shares of Flutter Entertainment from $275.00 to $350.00 and gave the company a "buy" rating in a research note on Wednesday, November 13th. Barclays upped their price objective on shares of Flutter Entertainment from $275.00 to $301.00 and gave the company an "overweight" rating in a research note on Wednesday, November 13th. Finally, Macquarie initiated coverage on shares of Flutter Entertainment in a research note on Wednesday, December 11th. They issued an "outperform" rating and a $340.00 price objective on the stock. Seventeen research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company's stock. According to 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.