Flutter Entertainment plc (NYSE:FLUT) Shares Sold by Choreo LLC

Choreo LLC cut its stake in Flutter Entertainment plc (NYSE:FLUT) by 36.9% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 814 shares of the company’s stock after selling 477 shares during the period. Choreo LLC’s holdings in Flutter Entertainment were worth $210,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently bought and sold shares of FLUT. Raleigh Capital Management Inc. purchased a new position in shares of Flutter Entertainment during the 4th quarter valued at approximately $26,000. BOCHK Asset Management Ltd purchased a new position in shares of Flutter Entertainment during the 4th quarter valued at approximately $26,000. Harbor Investment Advisory LLC increased its holdings 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 valued at $33,000 after purchasing an additional 50 shares in the last quarter. UMB Bank n.a. increased 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 valued at $35,000 after purchasing an additional 50 shares in the last quarter. Finally, Geneos Wealth Management Inc. purchased a new position in shares of Flutter Entertainment during the 4th quarter valued at approximately $39,000.

Wall Street Analyst Weigh In

FLUT has been the topic of a number of research analyst reports. BTIG Research lifted their price target on shares of Flutter Entertainment from $249.00 to $305.00 and gave the company a “buy” rating in a research note on Monday, November 11th. The Goldman Sachs Group initiated coverage on shares of Flutter Entertainment in a research note on Friday, November 22nd. They issued a “buy” rating and a $320.00 price target on the stock. Stifel Nicolaus initiated coverage on shares of Flutter Entertainment in a research note on Friday, January 17th. They issued a “buy” rating and a $320.00 price target on the stock. Susquehanna dropped their price target on shares of Flutter Entertainment from $322.00 to $317.00 and set a “positive” rating on the stock in a research note on Wednesday, January 8th. Finally, Macquarie initiated coverage on shares of Flutter Entertainment in a research note on Wednesday, December 11th. They issued an “outperform” rating and a $340.00 price target on the stock. Seventeen research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Buy” and a consensus price target of $305.38.

Flutter Entertainment Stock Up 5.9 %

FLUT stock opened at $298.88 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. Flutter Entertainment plc has a 12-month low of $174.03 and a 12-month high of $299.73. The stock’s 50 day simple moving average is $265.51 and its 200 day simple moving average is $243.00.

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.