Raleigh Capital Management Inc. Purchases New Shares in Flutter Entertainment plc (NYSE:FLUT)

Raleigh Capital Management Inc. purchased a new stake in Flutter Entertainment plc (NYSE:FLUT) during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 100 shares of the company’s stock, valued at approximately $26,000.

Several other institutional investors and hedge funds have also modified their holdings of FLUT. Massachusetts Financial Services Co. MA acquired a new position in shares of Flutter Entertainment in the third quarter valued at about $849,474,000. Bank of Montreal Can lifted its position in Flutter Entertainment by 868.5% during the third 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 during the period. Cantillon Capital Management LLC lifted its position in Flutter Entertainment by 3,827.8% during the third quarter. Cantillon Capital Management LLC now owns 2,397,384 shares of the company’s stock worth $568,851,000 after purchasing an additional 2,336,347 shares during the period. Marathon Asset Management Ltd bought a new stake in Flutter Entertainment during the third quarter worth about $451,631,000. Finally, Geode Capital Management LLC bought a new stake in Flutter Entertainment during the third quarter worth about $436,599,000.

Analysts Set New Price Targets

FLUT has been the subject of several recent analyst reports. Craig Hallum upped their price objective on shares of Flutter Entertainment from $275.00 to $350.00 and gave the stock a “buy” rating in a research report on Wednesday, November 13th. UBS Group upped their price objective on shares of Flutter Entertainment from $308.00 to $320.00 and gave the stock a “buy” rating in a research report on Tuesday, November 26th. Benchmark upped their price objective on shares of Flutter Entertainment from $265.00 to $275.00 and gave the stock a “buy” rating in a research report on Wednesday, November 13th. Needham & Company LLC reissued a “buy” rating and issued a $300.00 target price on shares of Flutter Entertainment in a report on Wednesday, January 8th. Finally, Bank of America assumed coverage on shares of Flutter Entertainment in a report on Monday, October 14th. They issued a “buy” rating and a $300.00 target price for the company. Seventeen research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Buy” and a consensus price target of $304.44.

Flutter Entertainment Trading Down 0.2 %

Shares of NYSE FLUT opened at $267.27 on Friday. The company has a 50 day simple moving average of $266.52 and a 200 day simple moving average of $235.38. Flutter Entertainment plc has a 1 year low of $174.03 and a 1 year high of $284.79. 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 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.