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

Seelaus Asset Management LLC increased its holdings in Flutter Entertainment plc (NYSE:FLUT) by 6.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm 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 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the business. Raleigh Capital Management Inc. purchased a new stake in shares of Flutter Entertainment during the 4th quarter valued at $26,000. BOCHK Asset Management Ltd acquired a new position in Flutter Entertainment in the fourth quarter valued at $26,000. Harbor Investment Advisory LLC grew its position in Flutter Entertainment by 64.1% during the fourth quarter. Harbor Investment Advisory LLC now owns 128 shares of the company’s stock valued at $33,000 after acquiring an additional 50 shares during the period. UMB Bank n.a. raised 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 purchasing an additional 50 shares during the period. Finally, Geneos Wealth Management Inc. acquired a new position in shares of Flutter Entertainment in the 4th quarter valued at about $39,000.

Flutter Entertainment Trading Up 0.9 %

FLUT opened at $268.47 on Friday. The company has a current ratio of 0.89, a quick ratio of 0.89 and a debt-to-equity ratio of 0.66. The company’s 50-day moving average price is $265.54 and its 200 day moving average price is $239.79. Flutter Entertainment plc has a fifty-two week low of $174.03 and a fifty-two week high of $284.79.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on FLUT. Stifel Nicolaus started coverage on shares of Flutter Entertainment in a research report on Friday, January 17th. They set a “buy” rating and a $320.00 target price for the company. Craig Hallum lifted their target price on shares of Flutter Entertainment from $275.00 to $350.00 and gave the company a “buy” rating in a report on Wednesday, November 13th. Bank of America assumed coverage on Flutter Entertainment in a research report on Monday, October 14th. They issued a “buy” rating and a $300.00 price objective on the stock. The Goldman Sachs Group assumed coverage on Flutter Entertainment in a research report on Friday, November 22nd. They issued a “buy” rating and a $320.00 target price for the company. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $300.00 price objective on shares of Flutter Entertainment in a research report on Wednesday, January 8th. Seventeen research analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus price target of $305.38.

Flutter Entertainment Company 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.