Flutter Entertainment plc (NYSE:FLUT) Shares Bought by Harbor Investment Advisory LLC

Harbor Investment Advisory LLC lifted its stake in shares of Flutter Entertainment plc (NYSE:FLUT) by 64.1% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 128 shares of the company’s stock after acquiring an additional 50 shares during the period. Harbor Investment Advisory LLC’s holdings in Flutter Entertainment were worth $33,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also modified their holdings of FLUT. UMB Bank n.a. raised its holdings in shares of Flutter Entertainment by 58.8% during the 4th 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. US Bancorp DE raised its holdings in shares of Flutter Entertainment by 71.7% during the 3rd 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. Venturi Wealth Management LLC purchased a new position in shares of Flutter Entertainment during the 3rd quarter worth $82,000. Mirae Asset Global Investments Co. Ltd. purchased a new position in shares of Flutter Entertainment during the 3rd quarter worth $190,000. Finally, Benjamin F. Edwards & Company Inc. raised its holdings in shares of Flutter Entertainment by 93.4% during the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 1,077 shares of the company’s stock worth $197,000 after acquiring an additional 520 shares during the period.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on FLUT. Wells Fargo & Company reduced their price target on Flutter Entertainment from $300.00 to $285.00 and set an “overweight” rating on the stock in a report on Wednesday, January 8th. Benchmark boosted their price objective on shares of Flutter Entertainment from $265.00 to $275.00 and gave the company a “buy” rating in a report on Wednesday, November 13th. Barclays boosted their price objective on shares of Flutter Entertainment from $275.00 to $301.00 and gave the company an “overweight” rating in a report on Wednesday, November 13th. Macquarie began coverage on shares of Flutter Entertainment in a report on Wednesday, December 11th. They issued an “outperform” rating and a $340.00 price objective on the stock. Finally, Needham & Company LLC restated a “buy” rating and issued a $300.00 price objective on shares of Flutter Entertainment in a report on Wednesday, January 8th. Seventeen 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.com, the stock has an average rating of “Buy” and a consensus price target of $304.44.

Flutter Entertainment Stock Down 0.8 %

Shares of Flutter Entertainment stock opened at $266.93 on Thursday. Flutter Entertainment plc has a one year low of $174.03 and a one year high of $284.79. 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 business has a 50-day simple moving average of $266.45 and a 200-day simple moving average of $234.44.

Flutter Entertainment declared that its Board of Directors has approved a share buyback program on Wednesday, September 25th that authorizes the company to buyback $5.00 billion in shares. This buyback authorization authorizes the company to purchase up to 11.7% of its shares through open market purchases. Shares buyback programs are typically an indication that the company’s board believes its stock is undervalued.

Flutter Entertainment 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.