Flutter Entertainment plc (NYSE:FLUT) Shares Sold by Vontobel Holding Ltd.

Vontobel Holding Ltd. lessened its stake in Flutter Entertainment plc (NYSE:FLUT) by 26.9% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,239,542 shares of the company’s stock after selling 457,094 shares during the period. Flutter Entertainment accounts for 1.1% of Vontobel Holding Ltd.’s portfolio, making the stock its 28th biggest holding. Vontobel Holding Ltd. owned about 0.70% of Flutter Entertainment worth $319,450,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently bought and sold shares of the company. Asset Management One Co. Ltd. boosted its stake in Flutter Entertainment by 0.5% during the 4th quarter. Asset Management One Co. Ltd. now owns 62,564 shares of the company’s stock valued at $16,379,000 after purchasing an additional 317 shares in the last quarter. Entropy Technologies LP acquired a new stake in shares of Flutter Entertainment in the fourth quarter valued at $2,540,000. Seelaus Asset Management LLC boosted its stake in Flutter Entertainment by 6.4% during the fourth quarter. Seelaus Asset Management LLC now owns 914 shares of the company’s stock valued at $236,000 after buying an additional 55 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. grew its holdings in Flutter Entertainment by 3.2% during the fourth quarter. Sumitomo Mitsui Trust Group Inc. now owns 344,815 shares of the company’s stock worth $89,117,000 after acquiring an additional 10,664 shares during the period. Finally, Stratos Wealth Partners LTD. bought a new stake in Flutter Entertainment in the fourth quarter worth about $216,000.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on FLUT shares. UBS Group raised their price objective on shares of Flutter Entertainment from $320.00 to $335.00 and gave the company a “buy” rating in a research report on Tuesday, January 28th. 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 target price for the company. Oppenheimer lifted their price target on shares of Flutter Entertainment from $300.00 to $305.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 13th. Macquarie began coverage on Flutter Entertainment in a research report on Wednesday, December 11th. They set an “outperform” rating and a $340.00 price objective for the company. Finally, Needham & Company LLC restated a “buy” rating and issued a $300.00 target price on shares of Flutter Entertainment in a 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 company. According to data from MarketBeat, the stock currently has an average rating of “Buy” and an average target price of $305.38.

Flutter Entertainment Price Performance

NYSE FLUT opened at $282.14 on Friday. The company has a 50 day simple moving average of $265.09 and a 200-day simple moving average of $241.64. Flutter Entertainment plc has a 52-week low of $174.03 and a 52-week high of $284.79. The company has a debt-to-equity ratio of 0.66, a current ratio of 0.89 and a quick ratio of 0.89.

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.