Axxcess Wealth Management LLC acquired a new stake in Flutter Entertainment plc (NYSE:FLUT – Free Report) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 1,770 shares of the company’s stock, valued at approximately $363,000.
A number of other institutional investors and hedge funds have also bought and sold shares of FLUT. Hollencrest Capital Management bought a new position in shares of Flutter Entertainment in the 1st quarter worth about $28,000. Global Retirement Partners LLC acquired a new stake in shares of Flutter Entertainment in the 1st quarter valued at about $45,000. YHB Investment Advisors Inc. acquired a new stake in shares of Flutter Entertainment in the 1st quarter valued at about $45,000. V Square Quantitative Management LLC acquired a new stake in shares of Flutter Entertainment in the 1st quarter valued at about $67,000. Finally, Financial Perspectives Inc acquired a new stake in shares of Flutter Entertainment in the 1st quarter valued at about $102,000.
Analyst Upgrades and Downgrades
FLUT has been the subject of several research reports. Benchmark reiterated a “buy” rating and set a $255.00 price target on shares of Flutter Entertainment in a research note on Thursday. Oppenheimer started coverage on Flutter Entertainment in a research note on Tuesday, June 4th. They set an “outperform” rating and a $240.00 price target for the company. Susquehanna cut their price target on Flutter Entertainment from $249.00 to $235.00 and set a “positive” rating for the company in a research note on Thursday, May 30th. Moffett Nathanson started coverage on Flutter Entertainment in a research note on Monday, May 6th. They set a “buy” rating and a $240.00 price target for the company. Finally, Wells Fargo & Company boosted their target price on Flutter Entertainment from $212.00 to $218.00 and gave the stock an “equal weight” rating in a research note on Tuesday, July 16th. One research analyst has rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $3,864.33.
Flutter Entertainment Stock Up 1.8 %
Shares of FLUT traded up $3.51 during mid-day trading on Friday, reaching $198.63. 379,363 shares of the stock traded hands, compared to its average volume of 1,198,764. The firm has a fifty day moving average price of $193.65 and a 200 day moving average price of $178.84. Flutter Entertainment plc has a 1 year low of $148.00 and a 1 year high of $226.40.
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.
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