Allspring Global Investments Holdings LLC Sells 1,352 Shares of Flutter Entertainment plc (NYSE:FLUT)

Allspring Global Investments Holdings LLC decreased its holdings in Flutter Entertainment plc (NYSE:FLUT) by 53.8% in the fourth quarter, Holdings Channel reports. The fund owned 1,162 shares of the company’s stock after selling 1,352 shares during the quarter. Allspring Global Investments Holdings LLC’s holdings in Flutter Entertainment were worth $301,000 at the end of the most recent quarter.

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

Flutter Entertainment Trading Down 3.8 %

Shares of NYSE FLUT opened at $259.95 on Wednesday. The stock has a 50 day moving average of $266.64 and a two-hundred day moving average of $247.54. Flutter Entertainment plc has a twelve month low of $174.03 and a twelve month high of $299.73. The company has a current ratio of 0.89, a quick ratio of 0.89 and a debt-to-equity ratio of 0.66.

Wall Street Analyst Weigh In

FLUT has been the subject of a number of research reports. Macquarie assumed coverage on shares of Flutter Entertainment in a research report on Wednesday, December 11th. They set an “outperform” rating and a $340.00 target price for the company. Susquehanna lowered their target price on shares of Flutter Entertainment from $322.00 to $317.00 and set a “positive” rating on the stock in a research note on Wednesday, January 8th. The Goldman Sachs Group initiated coverage on Flutter Entertainment in a research note on Friday, November 22nd. They issued a “buy” rating and a $320.00 target price for 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 for the company. Finally, UBS Group boosted their price objective on Flutter Entertainment from $320.00 to $335.00 and gave the company a “buy” rating in a report on Tuesday, January 28th. Seventeen equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Buy” and an average target price of $306.50.

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.