Flutter Entertainment (NYSE:FLUT) Research Coverage Started at Truist Financial

Truist Financial started coverage on shares of Flutter Entertainment (NYSE:FLUT) in a research report released on Wednesday morning, Marketbeat reports. The brokerage issued a buy rating and a $330.00 price objective on the stock.

A number of other research firms also recently weighed in on FLUT. Craig Hallum increased their price target on shares of Flutter Entertainment from $275.00 to $350.00 and gave the stock a “buy” rating in a research note on Wednesday, November 13th. Needham & Company LLC reaffirmed a “buy” rating and set a $300.00 price target on shares of Flutter Entertainment in a research note on Wednesday, January 8th. BTIG Research set a $323.00 price target on shares of Flutter Entertainment in a research note on Monday, February 3rd. Benchmark increased their price target on shares of Flutter Entertainment from $265.00 to $275.00 and gave the stock a “buy” rating in a research note on Wednesday, November 13th. Finally, Barclays increased their price target on shares of Flutter Entertainment from $275.00 to $301.00 and gave the stock an “overweight” rating in a research note on Wednesday, November 13th. Eighteen investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus target price of $307.88.

Flutter Entertainment Stock Performance

Shares of FLUT opened at $280.69 on Wednesday. The company has a debt-to-equity ratio of 0.66, a current ratio of 0.89 and a quick ratio of 0.89. The company’s 50 day simple moving average is $267.06 and its 200 day simple moving average is $249.00. Flutter Entertainment has a 1 year low of $174.03 and a 1 year high of $299.73.

Hedge Funds Weigh In On Flutter Entertainment

Several hedge funds and other institutional investors have recently made changes to their positions in FLUT. Capital World Investors increased its stake in Flutter Entertainment by 11.9% during the 4th quarter. Capital World Investors now owns 15,426,515 shares of the company’s stock worth $3,986,968,000 after buying an additional 1,635,241 shares during the period. Vanguard Group Inc. increased its stake in Flutter Entertainment by 3.2% during the 4th quarter. Vanguard Group Inc. now owns 9,591,786 shares of the company’s stock worth $2,479,812,000 after buying an additional 299,300 shares during the period. Parvus Asset Management Europe Ltd purchased a new stake in Flutter Entertainment during the 4th quarter worth $2,146,227,000. Norges Bank purchased a new stake in Flutter Entertainment during the 4th quarter worth $946,681,000. Finally, Massachusetts Financial Services Co. MA purchased a new stake in Flutter Entertainment during the 3rd quarter worth $849,474,000.

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.