4,465 Shares in Flutter Entertainment plc (NYSE:FLUT) Purchased by Truist Financial Corp

Truist Financial Corp bought a new position in shares of Flutter Entertainment plc (NYSE:FLUT) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 4,465 shares of the company’s stock, valued at approximately $1,154,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Harbor Investment Advisory LLC grew its holdings in Flutter Entertainment by 64.1% during the fourth quarter. Harbor Investment Advisory LLC now owns 128 shares of the company’s stock worth $33,000 after acquiring an additional 50 shares during the period. UMB Bank n.a. grew its holdings in Flutter Entertainment by 58.8% during the fourth quarter. UMB Bank n.a. now owns 135 shares of the company’s stock worth $35,000 after acquiring an additional 50 shares during the period. Seelaus Asset Management LLC grew its holdings in Flutter Entertainment by 6.4% during the fourth quarter. Seelaus Asset Management LLC now owns 914 shares of the company’s stock worth $236,000 after acquiring an additional 55 shares during the period. Ritholtz Wealth Management grew its holdings in Flutter Entertainment by 3.5% during the fourth quarter. Ritholtz Wealth Management now owns 1,725 shares of the company’s stock worth $446,000 after acquiring an additional 59 shares during the period. Finally, US Bancorp DE grew its holdings in Flutter Entertainment by 71.7% during the third quarter. US Bancorp DE now owns 237 shares of the company’s stock worth $56,000 after acquiring an additional 99 shares during the period.

Wall Street Analysts Forecast Growth

FLUT has been the topic of several research analyst reports. Barclays raised their price objective on Flutter Entertainment from $275.00 to $301.00 and gave the company an “overweight” rating in a report on Wednesday, November 13th. Susquehanna dropped their price objective on Flutter Entertainment from $322.00 to $317.00 and set a “positive” rating on the stock in a report on Wednesday, January 8th. Oppenheimer raised their price objective on Flutter Entertainment from $300.00 to $305.00 and gave the company an “outperform” rating in a report on Wednesday, November 13th. Craig Hallum raised their price objective on Flutter Entertainment from $275.00 to $350.00 and gave the company a “buy” rating in a report on Wednesday, November 13th. Finally, JMP Securities raised their price objective on Flutter Entertainment from $299.00 to $311.00 and gave the company a “market outperform” rating in a report on Monday, January 6th. Eighteen analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, Flutter Entertainment currently has a consensus rating of “Buy” and a consensus price target of $307.88.

Flutter Entertainment Stock Performance

Shares of Flutter Entertainment stock opened at $280.69 on Friday. Flutter Entertainment plc has a one year low of $174.03 and a one year 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 business’s 50 day moving average price is $267.06 and its 200 day moving average price is $249.00.

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.