Axxcess Wealth Management LLC Acquires New Stake in Flutter Entertainment plc (NYSE:FLUT)

Axxcess Wealth Management LLC acquired a new stake in Flutter Entertainment plc (NYSE:FLUT) 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.