217,500 Shares in Flutter Entertainment plc (NYSE:FLUT) Purchased by National Pension Service

National Pension Service bought a new stake in Flutter Entertainment plc (NYSE:FLUT) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 217,500 shares of the company’s stock, valued at approximately $56,213,000. National Pension Service owned about 0.12% of Flutter Entertainment as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in FLUT. Massachusetts Financial Services Co. MA bought a new stake in Flutter Entertainment during the 3rd quarter worth approximately $849,474,000. FMR LLC increased its holdings in shares of Flutter Entertainment by 13.2% in the 3rd quarter. FMR LLC now owns 3,375,670 shares of the company’s stock worth $794,362,000 after buying an additional 393,122 shares during the last quarter. Bank of Montreal Can increased its holdings in shares of Flutter Entertainment by 868.5% in the 3rd quarter. Bank of Montreal Can now owns 3,367,022 shares of the company’s stock worth $798,927,000 after buying an additional 3,019,376 shares during the last quarter. Cantillon Capital Management LLC increased its holdings 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 worth $568,851,000 after buying an additional 2,336,347 shares during the last quarter. Finally, Geode Capital Management LLC bought a new position in shares of Flutter Entertainment in the 3rd quarter worth $436,599,000.

Flutter Entertainment Trading Down 0.4 %

Shares of FLUT opened at $272.09 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. The firm has a fifty day simple moving average of $266.75 and a two-hundred day simple moving average of $248.36. Flutter Entertainment plc has a twelve month low of $174.03 and a twelve month high of $299.73.

Wall Street Analysts Forecast Growth

FLUT has been the topic of a number of research analyst reports. Stifel Nicolaus initiated coverage on shares of Flutter Entertainment in a report on Friday, January 17th. They issued a “buy” rating and a $320.00 price target on the stock. Wells Fargo & Company decreased their price target on shares of Flutter Entertainment from $300.00 to $285.00 and set an “overweight” rating on the stock in a report on Wednesday, January 8th. Needham & Company LLC reissued a “buy” rating and issued a $300.00 price target on shares of Flutter Entertainment in a report on Wednesday, January 8th. Truist Financial assumed coverage on shares of Flutter Entertainment in a research note on Wednesday. They issued a “buy” rating and a $330.00 price objective for the company. Finally, Susquehanna cut their price objective on shares of Flutter Entertainment from $322.00 to $317.00 and set a “positive” rating for the company in a research note on Wednesday, January 8th. Eighteen research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Flutter Entertainment currently has an average rating of “Buy” and a consensus price target of $307.88.

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.