Flutter Entertainment plc (NYSE:FLUT) Stake Lowered by Inlet Private Wealth LLC

Inlet Private Wealth LLC trimmed its position in shares of Flutter Entertainment plc (NYSE:FLUT) by 8.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 20,910 shares of the company’s stock after selling 1,932 shares during the period. Flutter Entertainment comprises approximately 1.4% of Inlet Private Wealth LLC’s portfolio, making the stock its 24th biggest holding. Inlet Private Wealth LLC’s holdings in Flutter Entertainment were worth $5,426,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of FLUT. SG Americas Securities LLC acquired a new stake in Flutter Entertainment in the 3rd quarter worth approximately $13,840,000. Atomi Financial Group Inc. bought a new position in shares of Flutter Entertainment in the third quarter valued at approximately $253,000. Artemis Investment Management LLP lifted its stake in shares of Flutter Entertainment by 53.7% in the third quarter. Artemis Investment Management LLP now owns 491,629 shares of the company’s stock worth $116,031,000 after buying an additional 171,685 shares during the last quarter. Ritholtz Wealth Management bought a new stake in shares of Flutter Entertainment during the 3rd quarter worth $395,000. Finally, Vontobel Holding Ltd. grew its stake in Flutter Entertainment by 3.2% in the 3rd quarter. Vontobel Holding Ltd. now owns 1,696,636 shares of the company’s stock valued at $399,614,000 after buying an additional 52,985 shares during the last quarter.

Flutter Entertainment Trading Down 1.9 %

Shares of FLUT opened at $266.93 on Friday. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.89 and a current ratio of 0.89. The company has a 50-day moving average price of $266.69 and a two-hundred day moving average price of $237.20. Flutter Entertainment plc has a 12 month low of $174.03 and a 12 month high of $284.79.

Wall Street Analysts Forecast Growth

FLUT has been the subject of a number of recent analyst reports. Stifel Nicolaus started coverage on shares of Flutter Entertainment in a report on Friday, January 17th. They set a “buy” rating and a $320.00 price target for the company. UBS Group increased their target price on Flutter Entertainment from $320.00 to $335.00 and gave the company a “buy” rating in a research note on Tuesday. Benchmark lifted their price target on Flutter Entertainment from $265.00 to $275.00 and gave the stock a “buy” rating in a research report on Wednesday, November 13th. JMP Securities increased their price objective on Flutter Entertainment from $299.00 to $311.00 and gave the company a “market outperform” rating in a research report on Monday, January 6th. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $300.00 target price on shares of Flutter Entertainment in a research report on Wednesday, January 8th. Seventeen 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, Flutter Entertainment has an average rating of “Buy” and a consensus 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.