Peregrine Capital Management LLC acquired a new position in Flutter Entertainment plc (NYSE:FLUT - Free Report) during the fourth quarter, according to its most recent filing with the SEC. The firm acquired 125,090 shares of the company's stock, valued at approximately $32,330,000. Flutter Entertainment comprises approximately 1.0% of Peregrine Capital Management LLC's holdings, making the stock its 26th biggest holding. Peregrine Capital Management LLC owned about 0.07% of Flutter Entertainment at the end of the most recent quarter.
A number of other large investors have also recently made changes to their positions in the business. Harbor Investment Advisory LLC grew its position 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 worth $33,000 after buying an additional 50 shares during the last quarter. UMB Bank n.a. grew its position 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 worth $35,000 after buying an additional 50 shares during the last quarter. Seelaus Asset Management LLC grew its position 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 worth $236,000 after buying an additional 55 shares during the last quarter. Ritholtz Wealth Management grew its position 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 worth $446,000 after buying an additional 59 shares during the last quarter. Finally, US Bancorp DE grew its position in shares of Flutter Entertainment by 71.7% in the 3rd quarter. US Bancorp DE now owns 237 shares of the company's stock worth $56,000 after buying an additional 99 shares during the last quarter.
Wall Street Analyst Weigh In
A number of research analysts have recently commented on FLUT shares. Wells Fargo & Company lowered their target price on Flutter Entertainment from $300.00 to $285.00 and set an "overweight" rating for the company in a research note on Wednesday, January 8th. Barclays raised their target price on Flutter Entertainment from $275.00 to $301.00 and gave the company an "overweight" rating in a research note on Wednesday, November 13th. Oppenheimer raised their target price on Flutter Entertainment from $300.00 to $305.00 and gave the company an "outperform" rating in a research note on Wednesday, November 13th. Benchmark raised their target price on Flutter Entertainment from $265.00 to $275.00 and gave the company a "buy" rating in a research note on Wednesday, November 13th. Finally, Macquarie started coverage on Flutter Entertainment in a research note on Wednesday, December 11th. They issued an "outperform" rating and a $340.00 target price for the company. Seventeen equities research 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 a consensus rating of "Buy" and an average price target of $305.38.
Read Our Latest Report on FLUT
Flutter Entertainment Trading Down 5.3 %
Shares of Flutter Entertainment stock traded down $15.38 on Friday, reaching $272.36. The company's stock had a trading volume of 1,641,453 shares, compared to its average volume of 1,361,716. The firm's fifty day simple moving average is $266.87 and its two-hundred day simple moving average is $245.45. Flutter Entertainment plc has a 52 week low of $174.03 and a 52 week high of $299.73. 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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