Fjarde AP Fonden Fourth Swedish National Pension Fund Has $10.92 Million Holdings in Flutter Entertainment plc (NYSE:FLUT)

Fjarde AP Fonden Fourth Swedish National Pension Fund increased its stake in shares of Flutter Entertainment plc (NYSE:FLUT) by 1.7% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 42,244 shares of the company’s stock after acquiring an additional 700 shares during the period. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in Flutter Entertainment were worth $10,918,000 as of its most recent filing with the SEC.

Other institutional investors have also made changes to their positions in the company. Raleigh Capital Management Inc. acquired a new position in Flutter Entertainment during the 4th quarter worth $26,000. BOCHK Asset Management Ltd bought a new position in shares of Flutter Entertainment in the fourth quarter worth about $26,000. Harbor Investment Advisory LLC lifted its position in shares of 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. boosted its stake in Flutter Entertainment by 58.8% during the 4th quarter. UMB Bank n.a. now owns 135 shares of the company’s stock valued at $35,000 after purchasing an additional 50 shares during the period. Finally, Geneos Wealth Management Inc. acquired a new stake in Flutter Entertainment in the 4th quarter valued at approximately $39,000.

Analyst Upgrades and Downgrades

FLUT has been the subject of several research reports. Oppenheimer increased their price objective on Flutter Entertainment from $300.00 to $305.00 and gave the company an “outperform” rating in a research report on Wednesday, November 13th. BTIG Research set a $323.00 price target on shares of Flutter Entertainment in a report on Monday, February 3rd. Craig Hallum raised their price target on shares of Flutter Entertainment from $275.00 to $350.00 and gave the stock a “buy” rating in a research report on Wednesday, November 13th. Needham & Company LLC reaffirmed a “buy” rating and set a $300.00 price objective on shares of Flutter Entertainment in a research report on Wednesday, January 8th. Finally, The Goldman Sachs Group initiated coverage on Flutter Entertainment in a research report on Friday, November 22nd. They set a “buy” rating and a $320.00 target price on the stock. Seventeen equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, Flutter Entertainment presently has an average rating of “Buy” and an average price target of $306.50.

Flutter Entertainment Trading Down 5.3 %

Shares of NYSE:FLUT opened at $272.36 on Monday. The company’s fifty day moving average is $266.77 and its 200-day moving average is $246.53. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.89 and a current ratio of 0.89. Flutter Entertainment plc has a 52 week low of $174.03 and a 52 week high of $299.73.

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.