Chung Wu Investment Group LLC Takes $323,000 Position in Flutter Entertainment plc (NYSE:FLUT)

Chung Wu Investment Group LLC purchased a new stake in Flutter Entertainment plc (NYSE:FLUT) in the 4th quarter, according to its most recent disclosure with the SEC. The fund purchased 1,250 shares of the company’s stock, valued at approximately $323,000.

Several other hedge funds and other institutional investors have also modified their holdings of the business. Harbor Investment Advisory LLC lifted its position in Flutter Entertainment by 64.1% in the 4th quarter. Harbor Investment Advisory LLC now owns 128 shares of the company’s stock valued at $33,000 after purchasing an additional 50 shares during the last quarter. UMB Bank n.a. lifted its position in Flutter Entertainment by 58.8% in the 4th quarter. UMB Bank n.a. now owns 135 shares of the company’s stock valued at $35,000 after purchasing an additional 50 shares during the last quarter. Seelaus Asset Management LLC lifted its position in Flutter Entertainment by 6.4% in the 4th quarter. Seelaus Asset Management LLC now owns 914 shares of the company’s stock valued at $236,000 after purchasing an additional 55 shares during the last quarter. Ritholtz Wealth Management lifted its position in Flutter Entertainment by 3.5% in the 4th quarter. Ritholtz Wealth Management now owns 1,725 shares of the company’s stock valued at $446,000 after purchasing an additional 59 shares during the last quarter. Finally, IFP Advisors Inc lifted its position in Flutter Entertainment by 244.1% in the 4th quarter. IFP Advisors Inc now owns 117 shares of the company’s stock valued at $31,000 after purchasing an additional 83 shares during the last quarter.

Analyst Upgrades and Downgrades

A number of research firms have commented on FLUT. The Goldman Sachs Group began 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 restated an “outperform” rating and set a $340.00 price target on shares of Flutter Entertainment in a research report on Wednesday. JMP Securities boosted their price target on shares of Flutter Entertainment from $299.00 to $311.00 and gave the stock a “market outperform” rating in a research report on Monday, January 6th. Craig Hallum boosted 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. Finally, Truist Financial began 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 analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Buy” and an average price target of $311.12.

Flutter Entertainment Stock Performance

FLUT stock opened at $271.43 on Thursday. Flutter Entertainment plc has a 52-week low of $174.03 and a 52-week high of $299.73. The company’s 50 day simple moving average is $267.55 and its 200-day simple moving average is $250.70. 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 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.