Flutter Entertainment (NYSE:FLUT) Given New $300.00 Price Target at Benchmark

Flutter Entertainment (NYSE:FLUT) had its price objective increased by Benchmark from $275.00 to $300.00 in a report released on Wednesday,Benzinga reports. They currently have a buy rating on the stock.

Several other research analysts also recently commented on FLUT. Susquehanna dropped their price target on Flutter Entertainment from $317.00 to $315.00 and set a “positive” rating on the stock in a research report on Wednesday. The Goldman Sachs Group assumed coverage on shares of Flutter Entertainment in a research report on Friday, November 22nd. They set a “buy” rating and a $320.00 target price on the stock. Oppenheimer boosted their price objective on shares of Flutter Entertainment from $300.00 to $305.00 and gave the stock an “outperform” rating in a report on Wednesday, November 13th. Stifel Nicolaus initiated coverage on shares of Flutter Entertainment in a research note on Friday, January 17th. They issued a “buy” rating and a $320.00 target price for the company. Finally, Barclays boosted their price target on Flutter Entertainment from $301.00 to $308.00 and gave the company an “overweight” rating in a research note on Wednesday. Eighteen investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Buy” and an average target price of $311.12.

Flutter Entertainment Price Performance

NYSE:FLUT opened at $271.43 on Wednesday. The company has a current ratio of 0.89, a quick ratio of 0.89 and a debt-to-equity ratio of 0.66. Flutter Entertainment has a 1 year low of $174.03 and a 1 year high of $299.73. The firm’s fifty day simple moving average is $267.55 and its 200 day simple moving average is $250.70.

Institutional Investors Weigh In On Flutter Entertainment

Several large investors have recently made changes to their positions in the company. Capital World Investors lifted its holdings in Flutter Entertainment by 11.9% during the 4th quarter. Capital World Investors now owns 15,426,515 shares of the company’s stock valued at $3,986,968,000 after purchasing an additional 1,635,241 shares during the last quarter. Vanguard Group Inc. increased its holdings in Flutter Entertainment by 3.2% during the 4th quarter. Vanguard Group Inc. now owns 9,591,786 shares of the company’s stock valued at $2,479,812,000 after purchasing an additional 299,300 shares in the last quarter. Parvus Asset Management Europe Ltd acquired a new position in Flutter Entertainment in the fourth quarter worth $2,146,227,000. Norges Bank bought a new stake in shares of Flutter Entertainment during the fourth quarter worth $946,681,000. Finally, Massachusetts Financial Services Co. MA acquired a new stake in shares of Flutter Entertainment in the third quarter valued at $849,474,000.

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.