Capital Group Private Client Services Inc. Makes New $1.54 Million Investment in Flutter Entertainment plc (NYSE:FLUT)

Capital Group Private Client Services Inc. acquired a new stake in shares of Flutter Entertainment plc (NYSE:FLUT) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 7,745 shares of the company’s stock, valued at approximately $1,542,000.

A number of other hedge funds have also recently modified their holdings of the business. Vanguard Group Inc. bought a new stake in Flutter Entertainment in the first quarter worth $1,578,442,000. Swiss National Bank bought a new position in Flutter Entertainment in the 1st quarter worth about $119,485,000. Sumitomo Mitsui Trust Holdings Inc. purchased a new stake in Flutter Entertainment during the 1st quarter valued at about $70,371,000. Bessemer Group Inc. bought a new stake in Flutter Entertainment during the 1st quarter valued at about $65,315,000. Finally, CVI Holdings LLC purchased a new position in Flutter Entertainment in the first quarter worth about $58,098,000.

Flutter Entertainment Trading Up 1.8 %

FLUT traded up $3.51 during trading on Friday, reaching $198.63. 379,351 shares of the company traded hands, compared to its average volume of 608,856. Flutter Entertainment plc has a 12-month low of $148.00 and a 12-month high of $226.40. The firm has a fifty day simple moving average of $193.81 and a 200 day simple moving average of $178.06.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on FLUT shares. Oppenheimer assumed coverage on Flutter Entertainment in a research report on Tuesday, June 4th. They set an “outperform” rating and a $240.00 price objective on the stock. JMP Securities reiterated a “market outperform” rating and issued a $246.00 price target on shares of Flutter Entertainment in a research note on Wednesday, May 15th. Wells Fargo & Company raised their price target on Flutter Entertainment from $212.00 to $218.00 and gave the stock an “equal weight” rating in a research note on Tuesday, July 16th. Susquehanna reduced their price objective on Flutter Entertainment from $249.00 to $235.00 and set a “positive” rating for the company in a research report on Thursday, May 30th. Finally, BTIG Research raised their target price on Flutter Entertainment from $242.00 to $245.00 and gave the stock a “buy” rating in a research report on Wednesday, May 15th. One research analyst has rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Flutter Entertainment has an average rating of “Moderate Buy” and an average price target of $3,864.33.

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.