Rhumbline Advisers Has $5.84 Million Stock Position in Flutter Entertainment plc (NYSE:FLUT)

Rhumbline Advisers raised its stake in Flutter Entertainment plc (NYSE:FLUT) by 0.6% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 22,590 shares of the company’s stock after acquiring an additional 139 shares during the period. Rhumbline Advisers’ holdings in Flutter Entertainment were worth $5,838,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Raymond James & Associates lifted its position in Flutter Entertainment by 10.0% in the 3rd quarter. Raymond James & Associates now owns 18,348 shares of the company’s stock valued at $4,354,000 after acquiring an additional 1,663 shares in the last quarter. International Assets Investment Management LLC acquired a new position in shares of Flutter Entertainment during the third quarter worth about $3,660,000. Assenagon Asset Management S.A. boosted its position in shares of Flutter Entertainment by 28.4% during the third quarter. Assenagon Asset Management S.A. now owns 7,395 shares of the company’s stock worth $1,755,000 after buying an additional 1,635 shares during the period. Mirae Asset Global Investments Co. Ltd. bought a new position in shares of Flutter Entertainment during the third quarter worth about $190,000. Finally, abrdn plc acquired a new stake in Flutter Entertainment in the 3rd quarter valued at approximately $224,000.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on the stock. Benchmark boosted their price objective on shares of Flutter Entertainment from $265.00 to $275.00 and gave the stock a “buy” rating in a research report on Wednesday, November 13th. Truist Financial began coverage on shares of Flutter Entertainment in a research note on Wednesday. They issued a “buy” rating and a $330.00 price target on the stock. BTIG Research set a $323.00 price objective on shares of Flutter Entertainment in a research note on Monday, February 3rd. Barclays lifted their target price on Flutter Entertainment from $275.00 to $301.00 and gave the company an “overweight” rating in a research report on Wednesday, November 13th. Finally, The Goldman Sachs Group started coverage on Flutter Entertainment in a report on Friday, November 22nd. They set a “buy” rating and a $320.00 target price on the stock. Eighteen analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Buy” and an average price target of $307.88.

Flutter Entertainment Stock Up 4.8 %

Shares of NYSE:FLUT opened at $273.01 on Thursday. Flutter Entertainment plc has a 52-week low of $174.03 and a 52-week 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. The company has a fifty day moving average of $266.53 and a 200-day moving average of $248.20.

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.