Chung Wu Investment Group LLC Acquires Shares of 1,250 Flutter Entertainment plc (NYSE:FLUT)

Chung Wu Investment Group LLC purchased a new position in shares of Flutter Entertainment plc (NYSE:FLUT) during the 4th quarter, HoldingsChannel reports. The firm purchased 1,250 shares of the company’s stock, valued at approximately $323,000.

Several other hedge funds also recently modified their holdings of FLUT. Raymond James Financial Inc. bought a new stake in shares of Flutter Entertainment during the 4th quarter worth $8,006,000. Arizona State Retirement System bought a new stake in Flutter Entertainment in the 4th quarter valued at $13,349,000. Proficio Capital Partners LLC boosted its holdings in Flutter Entertainment by 13.0% in the 4th quarter. Proficio Capital Partners LLC now owns 9,992 shares of the company’s stock valued at $2,582,000 after purchasing an additional 1,152 shares during the period. Atria Investments Inc bought a new stake in Flutter Entertainment in the 4th quarter valued at $204,000. Finally, Assetmark Inc. boosted its holdings in Flutter Entertainment by 8.3% in the 4th quarter. Assetmark Inc. now owns 14,813 shares of the company’s stock valued at $3,828,000 after purchasing an additional 1,136 shares during the period.

Analyst Ratings Changes

FLUT has been the subject of a number of research reports. Oppenheimer increased their price target on shares of Flutter Entertainment from $300.00 to $305.00 and gave the company an “outperform” rating in a report on Wednesday, November 13th. Benchmark increased their target price on shares of Flutter Entertainment from $275.00 to $300.00 and gave the stock a “buy” rating in a research report on Wednesday. Barclays increased their target price on shares of Flutter Entertainment from $301.00 to $308.00 and gave the stock an “overweight” rating in a research report on Wednesday. Macquarie reiterated an “outperform” rating and set a $340.00 target price on shares of Flutter Entertainment in a research report on Wednesday. Finally, JMP Securities increased their target price on shares of Flutter Entertainment from $299.00 to $311.00 and gave the stock a “market outperform” rating in a research report on Monday, January 6th. Eighteen analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock has an average rating of “Buy” and a consensus price target of $311.12.

Flutter Entertainment Stock Performance

Flutter Entertainment stock opened at $271.43 on Thursday. The company’s 50 day simple moving average is $267.55 and its 200 day simple moving average is $250.70. Flutter Entertainment plc has a fifty-two week low of $174.03 and a fifty-two week high of $299.73. The company has a debt-to-equity ratio of 0.66, a current ratio of 0.89 and a quick ratio of 0.89.

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.