Amundi Reduces Holdings in Flutter Entertainment plc (NYSE:FLUT)

Amundi decreased its position in shares of Flutter Entertainment plc (NYSE:FLUT) by 26.1% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 801,809 shares of the company’s stock after selling 283,216 shares during the quarter. Amundi’s holdings in Flutter Entertainment were worth $205,167,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in FLUT. Jennison Associates LLC bought a new position in Flutter Entertainment during the fourth quarter worth about $239,306,000. Vestcor Inc bought a new position in Flutter Entertainment in the 3rd quarter worth approximately $815,000. DJE Kapital AG purchased a new position in Flutter Entertainment in the 4th quarter valued at approximately $442,000. Benson Investment Management Company Inc. bought a new stake in Flutter Entertainment during the 4th quarter valued at $5,116,000. Finally, Sanctuary Advisors LLC purchased a new stake in shares of Flutter Entertainment during the third quarter worth $802,000.

Wall Street Analysts Forecast Growth

FLUT has been the subject of several recent research reports. Craig Hallum lifted their price target on Flutter Entertainment from $275.00 to $350.00 and gave the company a “buy” rating in a research report on Wednesday, November 13th. Benchmark upped their price target on Flutter Entertainment from $275.00 to $300.00 and gave the company a “buy” rating in a research report on Wednesday, March 5th. Macquarie reissued an “outperform” rating and issued a $340.00 price target on shares of Flutter Entertainment in a report on Wednesday, March 5th. Truist Financial initiated coverage on shares of Flutter Entertainment in a research note on Wednesday, February 26th. They set a “buy” rating and a $330.00 price objective for the company. Finally, The Goldman Sachs Group initiated coverage on shares of Flutter Entertainment in a research note on Friday, November 22nd. They issued a “buy” rating and a $320.00 target price on the stock. Eighteen equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Buy” and an average target price of $311.41.

Flutter Entertainment Price Performance

Shares of Flutter Entertainment stock opened at $248.02 on Monday. The firm has a market capitalization of $44.02 billion and a PE ratio of 1,127.38. The company has a current ratio of 0.89, a quick ratio of 0.89 and a debt-to-equity ratio of 0.66. Flutter Entertainment plc has a 12 month low of $174.03 and a 12 month high of $299.73. The business’s 50-day moving average price is $267.23 and its 200-day moving average price is $251.64.

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.