Artemis Investment Management LLP Buys New Stake in Flutter Entertainment plc (NYSE:FLUT)

Artemis Investment Management LLP bought a new stake in shares of Flutter Entertainment plc (NYSE:FLUT) in the 1st quarter, Holdings Channel reports. The institutional investor bought 148,530 shares of the company’s stock, valued at approximately $29,611,000.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the stock. Moffett Nathanson assumed coverage on shares of Flutter Entertainment in a research note on Monday, May 6th. They issued a “buy” rating and a $240.00 price objective for the company. Oppenheimer assumed coverage on shares of Flutter Entertainment in a research note on Tuesday, June 4th. They issued an “outperform” rating and a $240.00 price objective for the company. Benchmark reissued a “buy” rating and issued a $255.00 price objective on shares of Flutter Entertainment in a research note on Wednesday, May 15th. JMP Securities reissued a “market outperform” rating and issued a $246.00 price objective on shares of Flutter Entertainment in a research note on Wednesday, May 15th. Finally, Susquehanna dropped their price objective on shares of Flutter Entertainment from $249.00 to $235.00 and set a “positive” rating for the company in a research note on Thursday, May 30th. One research analyst has rated the stock with a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $5,464.10.

Flutter Entertainment Price Performance

Shares of FLUT stock traded down $0.51 during trading hours on Friday, reaching $182.30. 3,251,047 shares of the stock were exchanged, compared to its average volume of 523,949. Flutter Entertainment plc has a 12-month low of $148.00 and a 12-month high of $226.40. The company’s 50-day moving average price is $192.76 and its 200-day moving average price is $162.64.

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.