9,827 Shares in Flutter Entertainment plc (NYSE:FLUT) Bought by Entropy Technologies LP

Entropy Technologies LP purchased a new position in Flutter Entertainment plc (NYSE:FLUT) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 9,827 shares of the company’s stock, valued at approximately $2,540,000.

Several other large investors also recently bought and sold shares of the business. Massachusetts Financial Services Co. MA bought a new stake in Flutter Entertainment in the third quarter worth $849,474,000. FMR LLC increased its position in Flutter Entertainment by 13.2% during the third quarter. FMR LLC now owns 3,375,670 shares of the company’s stock valued at $794,362,000 after acquiring an additional 393,122 shares during the last quarter. Bank of Montreal Can increased its position in Flutter Entertainment by 868.5% during the third quarter. Bank of Montreal Can now owns 3,367,022 shares of the company’s stock valued at $798,927,000 after acquiring an additional 3,019,376 shares during the last quarter. Cantillon Capital Management LLC increased its position in Flutter Entertainment by 3,827.8% during the third quarter. Cantillon Capital Management LLC now owns 2,397,384 shares of the company’s stock valued at $568,851,000 after acquiring an additional 2,336,347 shares during the last quarter. Finally, Marathon Asset Management Ltd bought a new position in Flutter Entertainment during the third quarter valued at $451,631,000.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the stock. Needham & Company LLC reiterated a “buy” rating and set a $300.00 price objective on shares of Flutter Entertainment in a research report on Wednesday, January 8th. Benchmark upped their price target on shares of Flutter Entertainment from $265.00 to $275.00 and gave the stock a “buy” rating in a report on Wednesday, November 13th. The Goldman Sachs Group initiated coverage on shares of Flutter Entertainment in a report on Friday, November 22nd. They issued a “buy” rating and a $320.00 price target on the stock. Wells Fargo & Company cut 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. Finally, BTIG Research upped their price objective on shares of Flutter Entertainment from $249.00 to $305.00 and gave the stock a “buy” rating in a research note on Monday, November 11th. Seventeen analysts have rated the stock with a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Buy” and an average price target of $305.38.

Flutter Entertainment Stock Up 0.9 %

FLUT stock opened at $268.47 on Friday. The firm has a 50-day simple moving average of $265.54 and a two-hundred day simple moving average of $239.79. 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.

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.