Hohimer Wealth Management LLC Invests $971,000 in Flutter Entertainment plc (NYSE:FLUT)

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

Flutter Entertainment (NYSE:FLUT) last posted its quarterly earnings data on Tuesday, August 13th. The company reported $2.33 EPS for the quarter, beating analysts’ consensus estimates of $1.07 by $1.26. The company had revenue of $3.61 billion for the quarter, compared to the consensus estimate of $3.41 billion. Equities analysts forecast that Flutter Entertainment plc will post 4.75 EPS for the current year.

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.

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.