Amundi Sells 283,216 Shares of Flutter Entertainment plc (NYSE:FLUT)

Amundi trimmed its holdings in shares of Flutter Entertainment plc (NYSE:FLUT) by 26.1% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 801,809 shares of the company’s stock after selling 283,216 shares during the period. Amundi owned approximately 0.45% of Flutter Entertainment worth $205,167,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Massachusetts Financial Services Co. MA bought a new position in Flutter Entertainment during the third quarter worth $849,474,000. FMR LLC raised its holdings in shares of Flutter Entertainment by 13.2% during 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 during the period. Bank of Montreal Can boosted its position 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 grew its stake in shares of Flutter Entertainment by 0.5% in the 4th quarter. Cantillon Capital Management LLC now owns 2,410,178 shares of the company’s stock valued at $622,911,000 after buying an additional 12,794 shares during the period. Finally, Geode Capital Management LLC acquired a new stake in shares of Flutter Entertainment in the 3rd quarter valued at about $436,599,000.

Flutter Entertainment Stock Down 3.6 %

FLUT stock opened at $248.02 on Monday. Flutter Entertainment plc has a 1-year low of $174.03 and a 1-year high of $299.73. The stock has a market cap of $44.02 billion and a P/E ratio of 1,127.38. The stock’s fifty day simple moving average is $267.23 and its two-hundred day simple moving average is $251.64. The company has a current ratio of 0.89, a quick ratio of 0.89 and a debt-to-equity ratio of 0.66.

Analysts Set New Price Targets

Several research analysts have issued reports on the company. BTIG Research set a $323.00 price target on Flutter Entertainment in a report on Monday, February 3rd. Susquehanna cut their target price on Flutter Entertainment from $317.00 to $315.00 and set a “positive” rating on the stock in a report on Wednesday, March 5th. Stifel Nicolaus initiated coverage on shares of Flutter Entertainment in a research report on Friday, January 17th. They issued a “buy” rating and a $320.00 price target for the company. The Goldman Sachs Group started coverage on shares of Flutter Entertainment in a report on Friday, November 22nd. They set a “buy” rating and a $320.00 price objective on the stock. Finally, Barclays lifted their price objective on shares of Flutter Entertainment from $301.00 to $308.00 and gave the company an “overweight” rating in a report on Wednesday, March 5th. Eighteen investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, Flutter Entertainment currently has a consensus rating of “Buy” and an average price target of $311.41.

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.