Financial Perspectives Inc Acquires Shares of 517 Flutter Entertainment plc (NYSE:FLUT)

Financial Perspectives Inc acquired a new stake in Flutter Entertainment plc (NYSE:FLUT) during the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor acquired 517 shares of the company’s stock, valued at approximately $102,000.

Several other hedge funds also recently modified their holdings of the business. Allspring Global Investments Holdings LLC acquired a new position in Flutter Entertainment during the first quarter worth about $7,319,000. Artemis Investment Management LLP acquired a new position in Flutter Entertainment during the first quarter worth about $29,611,000. Finally, Sumitomo Mitsui Trust Holdings Inc. acquired a new position in shares of Flutter Entertainment in the first quarter valued at approximately $70,371,000.

Flutter Entertainment Stock Performance

Shares of FLUT traded up $3.54 during trading hours on Thursday, reaching $193.92. 479,386 shares of the company’s stock traded hands, compared to its average volume of 1,384,332. The firm’s 50 day simple moving average is $192.93 and its 200-day simple moving average is $166.12. Flutter Entertainment plc has a 12 month low of $148.00 and a 12 month high of $226.40.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on FLUT. Oppenheimer began coverage on Flutter Entertainment in a research note on Tuesday, June 4th. They issued an “outperform” rating and a $240.00 price objective for the company. Susquehanna lowered their price objective on Flutter Entertainment from $249.00 to $235.00 and set a “positive” rating for the company in a research note on Thursday, May 30th. JMP Securities reaffirmed a “market outperform” rating and issued a $246.00 price objective on shares of Flutter Entertainment in a research note on Wednesday, May 15th. JPMorgan Chase & Co. raised Flutter Entertainment from a “neutral” rating to an “overweight” rating in a research note on Wednesday, March 13th. Finally, Wells Fargo & Company reaffirmed an “equal weight” rating and issued a $210.00 price objective on shares of Flutter Entertainment in a research note on Wednesday, May 15th. One research analyst has rated the stock with a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $5,464.10.

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.