Flutter Entertainment plc (NYSE:FLUT) Shares Bought by Forsta AP Fonden

Forsta AP Fonden lifted its position in shares of Flutter Entertainment plc (NYSE:FLUT) by 0.8% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 37,700 shares of the company’s stock after acquiring an additional 300 shares during the period. Forsta AP Fonden’s holdings in Flutter Entertainment were worth $9,744,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Raleigh Capital Management Inc. bought a new stake in shares of Flutter Entertainment in the 4th quarter worth approximately $26,000. BOCHK Asset Management Ltd acquired a new position in shares of Flutter Entertainment during the fourth quarter valued at $26,000. Harbor Investment Advisory LLC grew its position in shares of Flutter Entertainment by 64.1% during the fourth quarter. Harbor Investment Advisory LLC now owns 128 shares of the company’s stock worth $33,000 after acquiring an additional 50 shares during the last quarter. UMB Bank n.a. increased its holdings in shares of Flutter Entertainment by 58.8% in the 4th quarter. UMB Bank n.a. now owns 135 shares of the company’s stock worth $35,000 after acquiring an additional 50 shares during the period. Finally, Geneos Wealth Management Inc. bought a new stake in Flutter Entertainment in the 4th quarter valued at about $39,000.

Flutter Entertainment Price Performance

NYSE FLUT opened at $271.96 on Friday. The company has a 50 day simple moving average of $266.61 and a 200-day simple moving average of $236.96. 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.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the company. Stifel Nicolaus started coverage on Flutter Entertainment in a report on Friday, January 17th. They set a “buy” rating and a $320.00 price target on the stock. Susquehanna reduced their price target on Flutter Entertainment from $322.00 to $317.00 and set a “positive” rating for the company in a research report on Wednesday, January 8th. The Goldman Sachs Group initiated coverage on Flutter Entertainment in a report on Friday, November 22nd. They set a “buy” rating and a $320.00 price target on the stock. UBS Group upped their price objective on shares of Flutter Entertainment from $320.00 to $335.00 and gave the stock a “buy” rating in a report on Tuesday. Finally, Barclays raised their target price on shares of Flutter Entertainment from $275.00 to $301.00 and gave the company an “overweight” rating in a research note on Wednesday, November 13th. Seventeen analysts have rated the stock with a buy rating and one has assigned 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 $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.