Lederer & Associates Investment Counsel CA Purchases Shares of 5,843 Flutter Entertainment plc (NYSE:FLUT)

Lederer & Associates Investment Counsel CA purchased a new stake in shares of Flutter Entertainment plc (NYSE:FLUT - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 5,843 shares of the company's stock, valued at approximately $1,510,000.

A number of other large investors have also made changes to their positions in FLUT. Massachusetts Financial Services Co. MA bought a new stake in shares of Flutter Entertainment during the 3rd quarter valued at about $849,474,000. Bank of Montreal Can grew its stake in shares of Flutter Entertainment by 868.5% during the 3rd quarter. Bank of Montreal Can now owns 3,367,022 shares of the company's stock valued at $798,927,000 after purchasing an additional 3,019,376 shares during the period. Cantillon Capital Management LLC lifted its position in shares of Flutter Entertainment by 3,827.8% during the 3rd quarter. Cantillon Capital Management LLC now owns 2,397,384 shares of the company's stock valued at $568,851,000 after buying an additional 2,336,347 shares in the last quarter. Marathon Asset Management Ltd purchased a new position in shares of Flutter Entertainment during the 3rd quarter valued at about $451,631,000. Finally, Geode Capital Management LLC purchased a new position in shares of Flutter Entertainment during the 3rd quarter valued at about $436,599,000.

Flutter Entertainment Trading Down 1.9 %

NYSE:FLUT opened at $266.93 on Monday. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 0.66. Flutter Entertainment plc has a 1 year low of $174.03 and a 1 year high of $284.79. The stock's 50 day simple moving average is $266.52 and its two-hundred day simple moving average is $237.82.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on the company. The Goldman Sachs Group assumed coverage on Flutter Entertainment in a research report on Friday, November 22nd. They set a "buy" rating and a $320.00 price objective on the stock. Stifel Nicolaus assumed coverage on Flutter Entertainment in a research report on Friday, January 17th. They set a "buy" rating and a $320.00 price objective on the stock. BTIG Research lifted their price objective on Flutter Entertainment from $249.00 to $305.00 and gave the company a "buy" rating in a research report on Monday, November 11th. Wells Fargo & Company lowered their price objective on Flutter Entertainment from $300.00 to $285.00 and set an "overweight" rating on the stock in a research report on Wednesday, January 8th. Finally, Bank of America assumed coverage on Flutter Entertainment in a research report on Monday, October 14th. They set a "buy" rating and a $300.00 price objective on the stock. Seventeen investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Buy" and an average target price 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.

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