Plato Investment Management Ltd Has $847,000 Stake in Flutter Entertainment plc (NYSE:FLUT)

Plato Investment Management Ltd lifted its holdings in shares of Flutter Entertainment plc (NYSE:FLUT) by 244.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,265 shares of the company’s stock after buying an additional 2,317 shares during the quarter. Plato Investment Management Ltd’s holdings in Flutter Entertainment were worth $847,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of FLUT. Jones Financial Companies Lllp grew its holdings in Flutter Entertainment by 151.0% during the fourth quarter. Jones Financial Companies Lllp now owns 389 shares of the company’s stock valued at $101,000 after purchasing an additional 234 shares during the period. Smartleaf Asset Management LLC grew its holdings in Flutter Entertainment by 255.3% during the fourth quarter. Smartleaf Asset Management LLC now owns 405 shares of the company’s stock valued at $105,000 after purchasing an additional 291 shares during the period. Cantillon Capital Management LLC grew its holdings in Flutter Entertainment by 0.5% during the fourth quarter. Cantillon Capital Management LLC now owns 2,410,178 shares of the company’s stock valued at $622,911,000 after purchasing an additional 12,794 shares during the period. Capital Wealth Planning LLC acquired a new position in Flutter Entertainment during the fourth quarter valued at approximately $3,402,000. Finally, US Bancorp DE grew its holdings in Flutter Entertainment by 913.9% during the fourth quarter. US Bancorp DE now owns 2,403 shares of the company’s stock valued at $621,000 after purchasing an additional 2,166 shares during the period.

Flutter Entertainment Stock Performance

Shares of FLUT stock opened at $271.56 on Tuesday. The company’s fifty day simple moving average is $267.28 and its 200-day simple moving average is $250.16. 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.

Analysts Set New Price Targets

FLUT has been the subject of a number of analyst reports. Craig Hallum boosted their price objective on shares of Flutter Entertainment from $275.00 to $350.00 and gave the company a “buy” rating in a report on Wednesday, November 13th. BTIG Research set a $323.00 price objective on shares of Flutter Entertainment in a report on Monday, February 3rd. Needham & Company LLC reaffirmed a “buy” rating and issued a $300.00 price target on shares of Flutter Entertainment in a research note on Wednesday, January 8th. Truist Financial started coverage on shares of Flutter Entertainment in a research note on Wednesday, February 26th. They issued a “buy” rating and a $330.00 price target on the stock. Finally, 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 research note on Wednesday, January 8th. Eighteen equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus price target of $307.88.

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.