Matthew 25 Management Corp Acquires Shares of 34,250 Flutter Entertainment plc (NYSE:FLUT)

Matthew 25 Management Corp acquired a new position in shares of Flutter Entertainment plc (NYSE:FLUT) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 34,250 shares of the company’s stock, valued at approximately $8,852,000. Flutter Entertainment accounts for approximately 2.8% of Matthew 25 Management Corp’s portfolio, making the stock its 15th largest position.

Several other large investors also recently bought and sold shares of FLUT. Jennison Associates LLC acquired a new position in Flutter Entertainment during the 4th quarter worth approximately $239,306,000. Vestcor Inc bought a new position in Flutter Entertainment during the 3rd quarter worth $815,000. Benson Investment Management Company Inc. bought a new position in Flutter Entertainment during the 4th quarter worth $5,116,000. Sanctuary Advisors LLC bought a new position in Flutter Entertainment during the 3rd quarter worth $802,000. Finally, Mediolanum International Funds Ltd grew its stake in Flutter Entertainment by 157.4% during the 4th quarter. Mediolanum International Funds Ltd now owns 45,304 shares of the company’s stock worth $11,677,000 after buying an additional 27,701 shares during the last quarter.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on FLUT shares. Craig Hallum boosted their price target on Flutter Entertainment from $275.00 to $350.00 and gave the stock a “buy” rating in a research report on Wednesday, November 13th. Oppenheimer boosted their target price on Flutter Entertainment from $300.00 to $305.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 13th. Wells Fargo & Company dropped their price target on Flutter Entertainment from $300.00 to $285.00 and set an “overweight” rating on the stock in a research report on Wednesday, January 8th. Benchmark upped their price target on Flutter Entertainment from $265.00 to $275.00 and gave the company a “buy” rating in a research report on Wednesday, November 13th. Finally, Barclays upped their target price on Flutter Entertainment from $275.00 to $301.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 13th. Seventeen investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus target price of $306.50.

Flutter Entertainment Stock Down 5.3 %

Shares of FLUT stock opened at $272.36 on Friday. The stock has a 50 day simple moving average of $266.77 and a 200 day simple moving average of $246.07. The company has a current ratio of 0.89, a quick ratio of 0.89 and a debt-to-equity ratio of 0.66. Flutter Entertainment plc has a 1 year low of $174.03 and a 1 year high of $299.73.

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.