Hohimer Wealth Management LLC bought a new stake in Flutter Entertainment plc (NYSE:FLUT – Free Report) in the 2nd quarter, Holdings Channel.com reports. The fund bought 5,325 shares of the company’s stock, valued at approximately $971,000.
Other institutional investors have also recently added to or reduced their stakes in the company. Artemis Investment Management LLP acquired a new position in Flutter Entertainment during the first quarter worth approximately $29,611,000. Allspring Global Investments Holdings LLC acquired a new stake in shares of Flutter Entertainment during the 1st quarter worth $7,319,000. Sumitomo Mitsui Trust Holdings Inc. purchased a new position in shares of Flutter Entertainment in the 1st quarter worth $70,371,000. Financial Perspectives Inc acquired a new position in Flutter Entertainment in the first quarter valued at $102,000. Finally, Global Retirement Partners LLC purchased a new stake in Flutter Entertainment during the first quarter valued at about $45,000.
Flutter Entertainment Stock Up 1.3 %
Shares of FLUT opened at $214.93 on Friday. Flutter Entertainment plc has a 52-week low of $148.00 and a 52-week high of $226.40. The business’s 50 day moving average is $199.96 and its two-hundred day moving average is $199.68.
Analysts Set New Price Targets
Several equities analysts have recently weighed in on the company. Morgan Stanley assumed coverage on Flutter Entertainment in a research note on Thursday, August 22nd. They issued an “overweight” rating and a $247.00 price objective on the stock. BTIG Research boosted their price objective on shares of Flutter Entertainment from $245.00 to $249.00 and gave the stock a “buy” rating in a research note on Wednesday, August 14th. Oppenheimer boosted their price objective on shares of Flutter Entertainment from $240.00 to $255.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 14th. Benchmark reiterated a “buy” rating and set a $255.00 price objective on shares of Flutter Entertainment in a research note on Wednesday, August 14th. Finally, Wells Fargo & Company boosted their price objective on shares of Flutter Entertainment from $218.00 to $224.00 and gave the stock an “equal weight” rating in a research note on Wednesday, August 14th. One analyst has rated the stock with a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and an average target price of $1,995.00.
Check Out Our Latest Stock Report on FLUT
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.
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