Seelaus Asset Management LLC Raises Stock Position in Flutter Entertainment plc (NYSE:FLUT)

Seelaus Asset Management LLC lifted its holdings in Flutter Entertainment plc (NYSE:FLUT) by 6.4% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 914 shares of the company’s stock after purchasing an additional 55 shares during the period. Seelaus Asset Management LLC’s holdings in Flutter Entertainment were worth $236,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Harbor Investment Advisory LLC raised its stake in Flutter Entertainment by 64.1% in the fourth quarter. Harbor Investment Advisory LLC now owns 128 shares of the company’s stock valued at $33,000 after buying an additional 50 shares in the last quarter. UMB Bank n.a. lifted its stake in Flutter Entertainment by 58.8% during the fourth quarter. UMB Bank n.a. now owns 135 shares of the company’s stock worth $35,000 after purchasing an additional 50 shares during the last quarter. Ritholtz Wealth Management increased its stake in Flutter Entertainment by 3.5% in the fourth quarter. Ritholtz Wealth Management now owns 1,725 shares of the company’s stock valued at $446,000 after purchasing an additional 59 shares during the last quarter. US Bancorp DE raised its holdings in Flutter Entertainment by 71.7% during the third quarter. US Bancorp DE now owns 237 shares of the company’s stock worth $56,000 after purchasing an additional 99 shares in the last quarter. Finally, Raleigh Capital Management Inc. acquired a new position in shares of Flutter Entertainment in the 4th quarter valued at $26,000.

Wall Street Analyst Weigh In

Several brokerages recently commented on FLUT. Bank of America assumed coverage on shares of Flutter Entertainment in a research note on Monday, October 14th. They set a “buy” rating and a $300.00 price target on the stock. Benchmark upped their target price on Flutter Entertainment from $265.00 to $275.00 and gave the company a “buy” rating in a research report on Wednesday, November 13th. Needham & Company LLC reaffirmed a “buy” rating and set a $300.00 price target on shares of Flutter Entertainment in a research report on Wednesday, January 8th. Macquarie assumed coverage on shares of Flutter Entertainment in a report on Wednesday, December 11th. They issued an “outperform” rating and a $340.00 target price on the stock. Finally, Wells Fargo & Company decreased their price target on shares of Flutter Entertainment from $300.00 to $285.00 and set an “overweight” rating for the company in a research note on Wednesday, January 8th. Seventeen research 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 company currently has an average rating of “Buy” and an average target price of $305.38.

Flutter Entertainment Stock Performance

Shares of FLUT stock opened at $268.47 on Friday. Flutter Entertainment plc has a fifty-two week low of $174.03 and a fifty-two week high of $284.79. 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 business has a fifty day simple moving average of $265.54 and a 200-day simple moving average of $239.79.

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.