Flutter Entertainment plc (NYSE:FLUT) Position Cut by Assenagon Asset Management S.A.

Assenagon Asset Management S.A. reduced its holdings in Flutter Entertainment plc (NYSE:FLUT) by 5.4% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 6,998 shares of the company’s stock after selling 397 shares during the quarter. Assenagon Asset Management S.A.’s holdings in Flutter Entertainment were worth $1,809,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the business. US Bancorp DE grew its stake in shares of 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 in the last quarter. Venturi Wealth Management LLC acquired a new stake in Flutter Entertainment in the third quarter worth about $82,000. Mirae Asset Global Investments Co. Ltd. bought a new position in Flutter Entertainment in the 3rd quarter valued at about $190,000. Benjamin F. Edwards & Company Inc. increased its stake in Flutter Entertainment by 93.4% during the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 1,077 shares of the company’s stock valued at $197,000 after buying an additional 520 shares during the period. Finally, Seelaus Asset Management LLC acquired a new position in Flutter Entertainment during the 3rd quarter valued at about $204,000.

Flutter Entertainment Stock Performance

FLUT stock opened at $267.60 on Friday. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.89 and a current ratio of 0.89. Flutter Entertainment plc has a 52-week low of $174.03 and a 52-week high of $284.79. The company’s 50 day simple moving average is $266.47 and its 200-day simple moving average is $234.67.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on FLUT shares. Oppenheimer increased their price objective on shares of Flutter Entertainment from $300.00 to $305.00 and gave the company an “outperform” rating in a report on Wednesday, November 13th. Moffett Nathanson increased their price target on Flutter Entertainment from $245.00 to $275.00 and gave the company a “buy” rating in a research note on Thursday, September 26th. BTIG Research lifted their price target on Flutter Entertainment from $249.00 to $305.00 and gave the company a “buy” rating in a research report on Monday, November 11th. Stifel Nicolaus started coverage on Flutter Entertainment in a report on Friday, January 17th. They issued a “buy” rating and a $320.00 price objective for the company. Finally, Macquarie began coverage on Flutter Entertainment in a report on Wednesday, December 11th. They set an “outperform” rating and a $340.00 target price on the stock. Seventeen research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Flutter Entertainment presently has an average rating of “Buy” and a consensus price target of $304.44.

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.