K.J. Harrison & Partners Inc Purchases Shares of 7,000 Flutter Entertainment plc (NYSE:FLUT)

K.J. Harrison & Partners Inc bought a new stake in shares of Flutter Entertainment plc (NYSE:FLUT) in the 4th quarter, according to its most recent filing with the SEC. The institutional investor bought 7,000 shares of the company’s stock, valued at approximately $1,824,000.

A number of other institutional investors have also added to or reduced their stakes in the company. Massachusetts Financial Services Co. MA acquired a new stake in shares of Flutter Entertainment in the third quarter valued at $849,474,000. FMR LLC raised its stake in shares of Flutter Entertainment by 13.2% during the 3rd quarter. FMR LLC now owns 3,375,670 shares of the company’s stock worth $794,362,000 after purchasing an additional 393,122 shares in the last quarter. Bank of Montreal Can raised its stake in Flutter Entertainment by 868.5% in the third quarter. Bank of Montreal Can now owns 3,367,022 shares of the company’s stock valued at $798,927,000 after buying an additional 3,019,376 shares during the period. Cantillon Capital Management LLC boosted its holdings in shares of Flutter Entertainment by 3,827.8% during the 3rd quarter. Cantillon Capital Management LLC now owns 2,397,384 shares of the company’s stock worth $568,851,000 after buying an additional 2,336,347 shares during the period. Finally, Geode Capital Management LLC bought a new position in Flutter Entertainment during the 3rd quarter worth $436,599,000.

Flutter Entertainment Price Performance

Shares of NYSE FLUT opened at $273.01 on Thursday. Flutter Entertainment plc has a 1 year low of $174.03 and a 1 year high of $299.73. The firm has a fifty day moving average price of $266.53 and a 200-day moving average price of $248.20. The company has a debt-to-equity ratio of 0.66, a current ratio of 0.89 and a quick ratio of 0.89.

Wall Street Analyst Weigh In

A number of analysts have commented on FLUT shares. Stifel Nicolaus initiated coverage on shares of Flutter Entertainment in a research report on Friday, January 17th. They set a “buy” rating and a $320.00 price target on the stock. Wells Fargo & Company dropped their price objective on Flutter Entertainment from $300.00 to $285.00 and set an “overweight” rating on the stock in a research note on Wednesday, January 8th. Oppenheimer upped their price target on Flutter Entertainment from $300.00 to $305.00 and gave the company an “outperform” rating in a research report on Wednesday, November 13th. Needham & Company LLC reissued a “buy” rating and issued a $300.00 price target on shares of Flutter Entertainment in a report on Wednesday, January 8th. Finally, BTIG Research set a $323.00 target price on Flutter Entertainment in a research note on Monday, February 3rd. Eighteen investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Buy” and an average target price of $307.88.

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.