Van ECK Associates Corp Sells 2,783 Shares of Flutter Entertainment plc (NYSE:FLUT)

Van ECK Associates Corp lowered its position in shares of Flutter Entertainment plc (NYSE:FLUT - Free Report) by 22.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 9,374 shares of the company's stock after selling 2,783 shares during the period. Van ECK Associates Corp's holdings in Flutter Entertainment were worth $2,423,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Entropy Technologies LP purchased a new position in shares of Flutter Entertainment in the fourth quarter worth about $2,540,000. Seelaus Asset Management LLC increased its holdings in shares of Flutter Entertainment by 6.4% in the fourth 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 period. Sumitomo Mitsui Trust Group Inc. increased its holdings in shares of Flutter Entertainment by 3.2% in the fourth quarter. Sumitomo Mitsui Trust Group Inc. now owns 344,815 shares of the company's stock worth $89,117,000 after buying an additional 10,664 shares during the period. Stratos Wealth Partners LTD. purchased a new position in shares of Flutter Entertainment in the fourth quarter worth about $216,000. Finally, Yousif Capital Management LLC increased its holdings in shares of Flutter Entertainment by 7.5% in the fourth quarter. Yousif Capital Management LLC now owns 3,530 shares of the company's stock worth $912,000 after buying an additional 245 shares during the period.

Flutter Entertainment Stock Performance

Flutter Entertainment stock traded down $15.38 during trading hours on Friday, hitting $272.36. 1,641,453 shares of the stock traded hands, compared to its average volume of 1,361,716. The firm's 50-day moving average price is $266.87 and its two-hundred day moving average price is $245.45. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.89 and a current ratio of 0.89. Flutter Entertainment plc has a one year low of $174.03 and a one year high of $299.73.

Analysts Set New Price Targets

Several research analysts have recently commented on FLUT shares. BTIG Research lifted their price objective on Flutter Entertainment from $249.00 to $305.00 and gave the stock a "buy" rating in a report on Monday, November 11th. Craig Hallum lifted their price objective on Flutter Entertainment from $275.00 to $350.00 and gave the stock a "buy" rating in a report on Wednesday, November 13th. UBS Group lifted their price objective on Flutter Entertainment from $320.00 to $335.00 and gave the stock a "buy" rating in a report on Tuesday, January 28th. Barclays boosted their price target on Flutter Entertainment from $275.00 to $301.00 and gave the company an "overweight" rating in a report on Wednesday, November 13th. Finally, JMP Securities boosted their price target on Flutter Entertainment from $299.00 to $311.00 and gave the company a "market outperform" rating in a report on Monday, January 6th. Seventeen investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus 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.