Forsta AP Fonden Grows Stock Position in Flutter Entertainment plc (NYSE:FLUT)

Forsta AP Fonden lifted its holdings in shares of Flutter Entertainment plc (NYSE:FLUT) by 0.8% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 37,700 shares of the company’s stock after purchasing an additional 300 shares during the period. Forsta AP Fonden’s holdings in Flutter Entertainment were worth $9,744,000 as of its most recent SEC filing.

A number of other institutional investors also recently made changes to their positions in the stock. Raleigh Capital Management Inc. purchased a new stake in Flutter Entertainment in the 4th quarter worth approximately $26,000. BOCHK Asset Management Ltd purchased a new stake in Flutter Entertainment in the 4th quarter valued at about $26,000. Harbor Investment Advisory LLC lifted its holdings in shares of Flutter Entertainment by 64.1% during the 4th quarter. Harbor Investment Advisory LLC now owns 128 shares of the company’s stock worth $33,000 after acquiring an additional 50 shares during the period. UMB Bank n.a. boosted its position in shares of Flutter Entertainment by 58.8% in the fourth quarter. UMB Bank n.a. now owns 135 shares of the company’s stock worth $35,000 after acquiring an additional 50 shares during the last quarter. Finally, Geneos Wealth Management Inc. purchased a new stake in Flutter Entertainment in the fourth quarter valued at approximately $39,000.

Flutter Entertainment Stock Performance

Shares of FLUT opened at $271.96 on Friday. Flutter Entertainment plc has a one year low of $174.03 and a one year high of $284.79. The stock has a 50-day moving average price of $266.61 and a 200 day moving average price of $236.96. The company has a debt-to-equity ratio of 0.66, a current ratio of 0.89 and a quick ratio of 0.89.

Analyst Ratings Changes

FLUT has been the topic of a number of recent analyst reports. Barclays increased their price target on shares of Flutter Entertainment from $275.00 to $301.00 and gave the stock an “overweight” rating in a research note on Wednesday, November 13th. Needham & Company LLC reiterated a “buy” rating and issued a $300.00 target price on shares of Flutter Entertainment in a report on Wednesday, January 8th. Oppenheimer upped their price target on Flutter Entertainment from $300.00 to $305.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 13th. JMP Securities lifted their price objective on Flutter Entertainment from $299.00 to $311.00 and gave the company a “market outperform” rating in a research note on Monday, January 6th. Finally, The Goldman Sachs Group initiated coverage on shares of Flutter Entertainment in a research report on Friday, November 22nd. They set a “buy” rating and a $320.00 target price for the company. Seventeen investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Buy” and an average price target of $305.38.

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.