Arizona State Retirement System Makes New Investment in Flutter Entertainment plc (NYSE:FLUT)

Arizona State Retirement System acquired a new position in Flutter Entertainment plc (NYSE:FLUT) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 51,649 shares of the company’s stock, valued at approximately $13,349,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Proficio Capital Partners LLC increased its position in Flutter Entertainment by 13.0% during the 4th quarter. Proficio Capital Partners LLC now owns 9,992 shares of the company’s stock worth $2,582,000 after purchasing an additional 1,152 shares in the last quarter. Atria Investments Inc acquired a new position in Flutter Entertainment during the 4th quarter worth approximately $204,000. Assetmark Inc. increased its position in Flutter Entertainment by 8.3% during the 4th quarter. Assetmark Inc. now owns 14,813 shares of the company’s stock worth $3,828,000 after purchasing an additional 1,136 shares in the last quarter. Charles Schwab Investment Management Inc. increased its position in Flutter Entertainment by 6.2% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 661,301 shares of the company’s stock worth $170,913,000 after purchasing an additional 38,800 shares in the last quarter. Finally, Steward Partners Investment Advisory LLC increased its position in Flutter Entertainment by 895.5% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 438 shares of the company’s stock worth $113,000 after purchasing an additional 394 shares in the last quarter.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on FLUT. Barclays upped their price target on shares of Flutter Entertainment from $301.00 to $308.00 and gave the company an “overweight” rating in a research report on Wednesday. BTIG Research set a $323.00 price target on shares of Flutter Entertainment in a research report on Monday, February 3rd. JMP Securities upped their price target on shares of Flutter Entertainment from $299.00 to $311.00 and gave the company a “market outperform” rating in a research report on Monday, January 6th. Benchmark upped their price target on shares of Flutter Entertainment from $275.00 to $300.00 and gave the company a “buy” rating in a research report on Wednesday. Finally, Wells Fargo & Company upped their price target on shares of Flutter Entertainment from $285.00 to $300.00 and gave the company an “overweight” rating in a research report on Wednesday. Eighteen research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, Flutter Entertainment presently has a consensus rating of “Buy” and an average target price of $311.41.

Flutter Entertainment Stock Down 4.8 %

Shares of NYSE FLUT opened at $256.96 on Friday. Flutter Entertainment plc has a 12-month low of $174.03 and a 12-month high of $299.73. The company’s fifty day simple moving average is $267.50 and its 200 day simple moving average is $250.75. The company has a debt-to-equity ratio of 0.66, a current ratio of 0.89 and a quick ratio of 0.89.

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.