State of New Jersey Common Pension Fund D Lowers Stock Holdings in Flutter Entertainment plc (NYSE:FLUT)

State of New Jersey Common Pension Fund D cut its stake in shares of Flutter Entertainment plc (NYSE:FLUT) by 6.6% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 66,247 shares of the company’s stock after selling 4,676 shares during the period. State of New Jersey Common Pension Fund D’s holdings in Flutter Entertainment were worth $17,122,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in FLUT. Game Plan Financial Advisors LLC increased its holdings in shares of Flutter Entertainment by 225.0% in the fourth quarter. Game Plan Financial Advisors LLC now owns 650 shares of the company’s stock valued at $168,000 after purchasing an additional 450 shares during the period. Principal Securities Inc. increased its stake in Flutter Entertainment by 158.8% in the 4th quarter. Principal Securities Inc. now owns 220 shares of the company’s stock valued at $57,000 after buying an additional 135 shares during the period. Rhumbline Advisers raised its position in Flutter Entertainment by 0.6% during the 4th quarter. Rhumbline Advisers now owns 22,590 shares of the company’s stock worth $5,838,000 after buying an additional 139 shares during the last quarter. Asset Management One Co. Ltd. lifted its stake in shares of Flutter Entertainment by 0.5% in the 4th quarter. Asset Management One Co. Ltd. now owns 62,564 shares of the company’s stock worth $16,379,000 after acquiring an additional 317 shares during the period. Finally, Entropy Technologies LP purchased a new stake in shares of Flutter Entertainment in the fourth quarter valued at about $2,540,000.

Analyst Ratings Changes

A number of equities research analysts recently commented on the stock. The Goldman Sachs Group assumed coverage on shares of Flutter Entertainment in a research report on Friday, November 22nd. They issued a “buy” rating and a $320.00 price objective for the company. Macquarie initiated coverage on Flutter Entertainment in a research note on Wednesday, December 11th. They issued an “outperform” rating and a $340.00 price target on the stock. Needham & Company LLC reiterated a “buy” rating and issued a $300.00 price objective on shares of Flutter Entertainment in a research report on Wednesday, January 8th. Craig Hallum boosted their target price 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, Benchmark increased their price target on shares of Flutter Entertainment from $265.00 to $275.00 and gave the company a “buy” rating in a report on Wednesday, November 13th. Seventeen investment 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, the stock has a consensus rating of “Buy” and an average target price of $305.38.

Flutter Entertainment Price Performance

NYSE FLUT opened at $298.88 on Tuesday. 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 plc has a fifty-two week low of $174.03 and a fifty-two week high of $299.73. The business has a fifty day moving average of $265.51 and a 200-day moving average of $243.32.

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.