Vontobel Holding Ltd. Has $319.45 Million Holdings in Flutter Entertainment plc (NYSE:FLUT)

Vontobel Holding Ltd. trimmed its position in shares of Flutter Entertainment plc (NYSE:FLUT) by 26.9% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,239,542 shares of the company’s stock after selling 457,094 shares during the quarter. Flutter Entertainment makes up about 1.1% of Vontobel Holding Ltd.’s investment portfolio, making the stock its 28th largest holding. Vontobel Holding Ltd.’s holdings in Flutter Entertainment were worth $319,450,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in FLUT. Massachusetts Financial Services Co. MA bought a new stake in Flutter Entertainment in the third quarter worth $849,474,000. FMR LLC boosted 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 acquiring an additional 393,122 shares in the last quarter. Bank of Montreal Can increased its holdings in shares of Flutter Entertainment by 868.5% during the 3rd quarter. Bank of Montreal Can now owns 3,367,022 shares of the company’s stock valued at $798,927,000 after acquiring an additional 3,019,376 shares during the last quarter. Cantillon Capital Management LLC raised its stake in shares of Flutter Entertainment by 3,827.8% in the 3rd quarter. Cantillon Capital Management LLC now owns 2,397,384 shares of the company’s stock valued at $568,851,000 after acquiring an additional 2,336,347 shares in the last quarter. Finally, Marathon Asset Management Ltd acquired a new stake in Flutter Entertainment in the 3rd quarter worth approximately $451,631,000.

Flutter Entertainment Trading Up 1.3 %

Shares of NYSE:FLUT opened at $282.14 on Friday. The company has a debt-to-equity ratio of 0.66, a current ratio of 0.89 and a quick ratio of 0.89. Flutter Entertainment plc has a 1-year low of $174.03 and a 1-year high of $284.79. The business’s 50 day moving average is $265.09 and its 200-day moving average is $241.64.

Wall Street Analysts Forecast Growth

Several brokerages have commented on FLUT. Stifel Nicolaus assumed 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. BTIG Research raised their target price on shares of Flutter Entertainment from $249.00 to $305.00 and gave the company a “buy” rating in a research note on Monday, November 11th. Barclays boosted their target price on shares of Flutter Entertainment from $275.00 to $301.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 13th. UBS Group raised their price target on Flutter Entertainment from $320.00 to $335.00 and gave the company a “buy” rating in a research report on Tuesday, January 28th. Finally, Macquarie initiated coverage on Flutter Entertainment in a research report on Wednesday, December 11th. They set an “outperform” rating and a $340.00 price objective for the company. Seventeen equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Flutter Entertainment has a consensus rating of “Buy” and an average price target of $305.38.

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.