Argentarii LLC Acquires New Stake in Flutter Entertainment plc (NYSE:FLUT)

Argentarii LLC acquired a new stake in shares of Flutter Entertainment plc (NYSE:FLUT) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 1,141 shares of the company’s stock, valued at approximately $295,000.

Other large investors also recently added to or reduced their stakes in the company. Jennison Associates LLC bought a new stake in Flutter Entertainment during the fourth quarter valued at $239,306,000. Vestcor Inc purchased a new stake in Flutter Entertainment during the third quarter valued at about $815,000. DJE Kapital AG purchased a new stake in Flutter Entertainment during the fourth quarter valued at about $442,000. Benson Investment Management Company Inc. purchased a new stake in Flutter Entertainment during the fourth quarter valued at about $5,116,000. Finally, Sanctuary Advisors LLC purchased a new stake in Flutter Entertainment during the third quarter valued at about $802,000.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on FLUT shares. JMP Securities raised their price target 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. UBS Group raised their price target on Flutter Entertainment from $335.00 to $340.00 and gave the company a “buy” rating in a research report on Thursday. Barclays raised their price target on Flutter Entertainment from $301.00 to $308.00 and gave the company an “overweight” rating in a research report on Wednesday, March 5th. Truist Financial started coverage on Flutter Entertainment in a research report on Wednesday, February 26th. They set a “buy” rating and a $330.00 price target on the stock. Finally, Wells Fargo & Company raised their price target on Flutter Entertainment from $285.00 to $300.00 and gave the company an “overweight” rating in a research report on Wednesday, March 5th. Eighteen research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Buy” and a consensus target price of $311.41.

Flutter Entertainment Stock Down 3.6 %

Shares of NYSE:FLUT opened at $248.02 on Monday. Flutter Entertainment plc has a 1 year low of $174.03 and a 1 year high of $299.73. The company has a market cap of $44.02 billion and a PE ratio of 1,127.38. The company has a debt-to-equity ratio of 0.66, a current ratio of 0.89 and a quick ratio of 0.89. The stock’s 50-day moving average is $267.23 and its 200 day moving average is $251.64.

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.