Fjarde AP Fonden Fourth Swedish National Pension Fund Has $10.92 Million Position in Flutter Entertainment plc (NYSE:FLUT)

Fjarde AP Fonden Fourth Swedish National Pension Fund grew its holdings in Flutter Entertainment plc (NYSE:FLUT) by 1.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 42,244 shares of the company’s stock after buying an additional 700 shares during the quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in Flutter Entertainment were worth $10,918,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in the business. Harbor Investment Advisory LLC lifted its holdings in Flutter Entertainment by 64.1% during the 4th quarter. Harbor Investment Advisory LLC now owns 128 shares of the company’s stock worth $33,000 after buying an additional 50 shares in the last quarter. UMB Bank n.a. raised its position in shares of Flutter Entertainment by 58.8% during the fourth quarter. UMB Bank n.a. now owns 135 shares of the company’s stock worth $35,000 after acquiring an additional 50 shares during the last quarter. Seelaus Asset Management LLC lifted its stake in shares of Flutter Entertainment by 6.4% during the fourth quarter. Seelaus Asset Management LLC now owns 914 shares of the company’s stock valued at $236,000 after acquiring an additional 55 shares during the period. Ritholtz Wealth Management boosted its holdings in Flutter Entertainment by 3.5% in the fourth quarter. Ritholtz Wealth Management now owns 1,725 shares of the company’s stock valued at $446,000 after acquiring an additional 59 shares during the last quarter. Finally, US Bancorp DE increased its position in Flutter Entertainment by 71.7% in the third quarter. US Bancorp DE now owns 237 shares of the company’s stock worth $56,000 after purchasing an additional 99 shares during the period.

Flutter Entertainment Stock Down 5.3 %

NYSE FLUT opened at $272.36 on Monday. Flutter Entertainment plc has a 12-month low of $174.03 and a 12-month high of $299.73. The firm’s 50 day moving average is $266.77 and its 200-day moving average is $246.53. The company has a current ratio of 0.89, a quick ratio of 0.89 and a debt-to-equity ratio of 0.66.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on FLUT. Susquehanna cut their target price on shares of Flutter Entertainment from $322.00 to $317.00 and set a “positive” rating on the stock in a research report on Wednesday, January 8th. Stifel Nicolaus assumed coverage on shares of Flutter Entertainment in a report on Friday, January 17th. They set a “buy” rating and a $320.00 target price for the company. Craig Hallum upped their target price on shares of Flutter Entertainment from $275.00 to $350.00 and gave the company a “buy” rating in a research report on Wednesday, November 13th. Macquarie started coverage on Flutter Entertainment in a research report on Wednesday, December 11th. They issued an “outperform” rating and a $340.00 price target on the stock. Finally, Benchmark upped their price objective on Flutter Entertainment from $265.00 to $275.00 and gave the company a “buy” rating in a report on Wednesday, November 13th. Seventeen research analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus price target of $306.50.

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.