Flutter Entertainment plc (NYSE:FLUT) Shares Bought by Mediolanum International Funds Ltd

Mediolanum International Funds Ltd increased its position in Flutter Entertainment plc (NYSE:FLUT) by 157.4% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 45,304 shares of the company’s stock after acquiring an additional 27,701 shares during the period. Mediolanum International Funds Ltd’s holdings in Flutter Entertainment were worth $11,677,000 as of its most recent SEC filing.

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

Flutter Entertainment Stock Down 1.9 %

FLUT opened at $266.93 on Friday. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 0.66. Flutter Entertainment plc has a 12-month low of $174.03 and a 12-month high of $284.79. The firm’s fifty day moving average price is $266.69 and its 200 day moving average price is $237.20.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on the company. Susquehanna dropped their price target on Flutter Entertainment from $322.00 to $317.00 and set a “positive” rating for the company in a research report on Wednesday, January 8th. Barclays lifted their price objective on Flutter Entertainment from $275.00 to $301.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 13th. BTIG Research raised their price target 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. JMP Securities lifted their price target on shares of Flutter Entertainment from $299.00 to $311.00 and gave the stock a “market outperform” rating in a report on Monday, January 6th. Finally, Macquarie assumed coverage on shares of Flutter Entertainment in a research note on Wednesday, December 11th. They set an “outperform” rating and a $340.00 price objective on the stock. Seventeen equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Flutter Entertainment currently has an average rating of “Buy” and a consensus price target of $305.38.

Flutter Entertainment 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.