Metis Global Partners LLC Lowers Holdings in Flutter Entertainment plc (NYSE:FLUT)

Metis Global Partners LLC decreased its holdings in Flutter Entertainment plc (NYSE:FLUT) by 3.7% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,982 shares of the company’s stock after selling 189 shares during the quarter. Metis Global Partners LLC’s holdings in Flutter Entertainment were worth $1,288,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in FLUT. Mirae Asset Global Investments Co. Ltd. purchased a new stake in Flutter Entertainment in the 3rd quarter valued at about $190,000. abrdn plc purchased a new stake in Flutter Entertainment in the 3rd quarter valued at about $224,000. US Bancorp DE grew its holdings in Flutter Entertainment by 71.7% in the 3rd quarter. US Bancorp DE now owns 237 shares of the company’s stock valued at $56,000 after buying an additional 99 shares during the period. Van ECK Associates Corp purchased a new stake in Flutter Entertainment in the 3rd quarter valued at about $2,784,000. Finally, Robeco Institutional Asset Management B.V. purchased a new stake in Flutter Entertainment in the 3rd quarter valued at about $4,900,000.

Flutter Entertainment Price Performance

FLUT stock opened at $271.56 on Tuesday. 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. The stock’s 50 day moving average is $267.28 and its two-hundred day moving average is $250.16.

Analysts Set New Price Targets

Several research firms have recently weighed in on FLUT. JMP Securities lifted their price objective on Flutter Entertainment from $299.00 to $311.00 and gave the company a “market outperform” rating in a research note on Monday, January 6th. UBS Group lifted their price objective on Flutter Entertainment from $320.00 to $335.00 and gave the company a “buy” rating in a research note on Tuesday, January 28th. Truist Financial began coverage on Flutter Entertainment in a research note on Wednesday, February 26th. They issued a “buy” rating and a $330.00 price objective on the stock. Stifel Nicolaus began coverage on Flutter Entertainment in a research note on Friday, January 17th. They issued a “buy” rating and a $320.00 price objective on the stock. Finally, BTIG Research set a $323.00 price objective on Flutter Entertainment in a research note on Monday, February 3rd. Eighteen investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Buy” and a consensus target price of $307.88.

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.