Matthew 25 Management Corp Acquires Shares of 34,250 Flutter Entertainment plc (NYSE:FLUT)

Matthew 25 Management Corp bought a new stake in Flutter Entertainment plc (NYSE:FLUT) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 34,250 shares of the company’s stock, valued at approximately $8,852,000. Flutter Entertainment comprises approximately 2.8% of Matthew 25 Management Corp’s portfolio, making the stock its 15th largest holding.

A number of other institutional investors also recently modified their holdings of FLUT. Raymond James & Associates raised its position in shares of Flutter Entertainment by 10.0% during the 3rd quarter. Raymond James & Associates now owns 18,348 shares of the company’s stock valued at $4,354,000 after acquiring an additional 1,663 shares during the last quarter. International Assets Investment Management LLC acquired a new position in shares of Flutter Entertainment during the 3rd quarter worth about $3,660,000. Assenagon Asset Management S.A. boosted its stake in shares of Flutter Entertainment by 28.4% during the 3rd quarter. Assenagon Asset Management S.A. now owns 7,395 shares of the company’s stock worth $1,755,000 after buying an additional 1,635 shares during the last quarter. Mediolanum International Funds Ltd acquired a new position in shares of Flutter Entertainment during the 3rd quarter worth about $4,194,000. Finally, Mirae Asset Global Investments Co. Ltd. bought a new stake in shares of Flutter Entertainment in the 3rd quarter valued at about $190,000.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on FLUT. JMP Securities increased their price target on shares of Flutter Entertainment from $299.00 to $311.00 and gave the company a “market outperform” rating in a report on Monday, January 6th. Wells Fargo & Company dropped their price target on shares of Flutter Entertainment from $300.00 to $285.00 and set an “overweight” rating for the company in a research note on Wednesday, January 8th. Barclays lifted their price target on shares of Flutter Entertainment from $275.00 to $301.00 and gave the company an “overweight” rating in a research note on Wednesday, November 13th. Macquarie initiated coverage on shares of Flutter Entertainment in a report on Wednesday, December 11th. They set an “outperform” rating and a $340.00 price objective for the company. Finally, BTIG Research set a $323.00 target price on shares of Flutter Entertainment in a research note on Monday, February 3rd. Seventeen research analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, Flutter Entertainment has an average rating of “Buy” and an average price target of $306.50.

Flutter Entertainment Trading Down 5.3 %

NYSE FLUT opened at $272.36 on Friday. Flutter Entertainment plc has a 52 week low of $174.03 and a 52 week high of $299.73. The business’s fifty day simple moving average is $266.77 and its 200-day simple moving average is $246.07. The company has a current ratio of 0.89, a quick ratio of 0.89 and a debt-to-equity ratio of 0.66.

About Flutter Entertainment

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.