DJE Kapital AG Purchases Shares of 1,710 Flutter Entertainment plc (NYSE:FLUT)

DJE Kapital AG purchased a new stake in Flutter Entertainment plc (NYSE:FLUT) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 1,710 shares of the company’s stock, valued at approximately $442,000.

Several other large investors have also recently bought and sold shares of the stock. Massachusetts Financial Services Co. MA acquired a new position in shares of Flutter Entertainment during the 3rd quarter worth approximately $849,474,000. Bank of Montreal Can grew its position in shares of Flutter Entertainment by 868.5% during the 3rd 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 in the last quarter. Cantillon Capital Management LLC grew its position in shares of Flutter Entertainment by 3,827.8% during the 3rd 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 in the last quarter. Geode Capital Management LLC acquired a new position in shares of Flutter Entertainment during the 3rd quarter worth approximately $436,599,000. Finally, State Street Corp grew its position in shares of Flutter Entertainment by 61,014.6% during the 3rd quarter. State Street Corp now owns 1,011,447 shares of the company’s stock worth $239,996,000 after purchasing an additional 1,009,792 shares in the last quarter.

Analyst Ratings Changes

Several analysts recently issued reports on the stock. Craig Hallum increased their price target 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. The Goldman Sachs Group assumed coverage on shares of Flutter Entertainment in a research report on Friday, November 22nd. They set a “buy” rating and a $320.00 price target on the stock. Macquarie assumed coverage on shares of Flutter Entertainment in a research report on Wednesday, December 11th. They set an “outperform” rating and a $340.00 price target on the stock. UBS Group increased their price target on shares of Flutter Entertainment from $320.00 to $335.00 and gave the stock a “buy” rating in a research report on Tuesday, January 28th. Finally, Truist Financial assumed coverage on shares of Flutter Entertainment in a research report on Wednesday, February 26th. They set a “buy” rating and a $330.00 price target on the stock. Eighteen investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus price target of $307.88.

Flutter Entertainment Trading Down 3.2 %

Shares of Flutter Entertainment stock opened at $271.56 on Tuesday. Flutter Entertainment plc has a fifty-two week low of $174.03 and a fifty-two week high of $299.73. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.89 and a current ratio of 0.89. The company’s 50 day moving average price is $267.28 and its two-hundred day moving average price is $250.16.

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.