Moffett Nathanson began coverage on shares of Flutter Entertainment (NYSE:FLUT – Free Report) in a research note issued to investors on Monday, MarketBeat Ratings reports. The firm issued a buy rating and a $240.00 price objective on the stock.
Other equities analysts have also issued research reports about the stock. JMP Securities restated a market outperform rating on shares of Flutter Entertainment in a report on Monday, April 1st. JPMorgan Chase & Co. upgraded Flutter Entertainment from a neutral rating to an overweight rating in a research report on Wednesday, March 13th. Wells Fargo & Company started coverage on Flutter Entertainment in a research note on Thursday, April 4th. They set an equal weight rating for the company. Finally, Barclays raised Flutter Entertainment from an equal weight rating to an overweight rating in a research note on Tuesday, February 27th. One analyst has rated the stock with a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat, Flutter Entertainment presently has an average rating of Moderate Buy and an average price target of $13,302.50.
View Our Latest Stock Analysis on Flutter Entertainment
Flutter Entertainment Stock Performance
Institutional Investors Weigh In On Flutter Entertainment
Hedge funds have recently added to or reduced their stakes in the company. Swiss National Bank bought a new position in shares of Flutter Entertainment in the first quarter valued at approximately $119,485,000. Sumitomo Mitsui Trust Holdings Inc. bought a new position in shares of Flutter Entertainment in the first quarter valued at approximately $70,371,000. CVI Holdings LLC bought a new position in shares of Flutter Entertainment in the first quarter valued at approximately $58,098,000. Artemis Investment Management LLP bought a new position in shares of Flutter Entertainment in the first quarter valued at approximately $29,611,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank bought a new position in shares of Flutter Entertainment in the first quarter valued at approximately $19,345,000. Institutional investors and hedge funds own 0.01% of the company’s stock.
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.
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