148,530 Shares in Flutter Entertainment plc (NYSE:FLUT) Purchased by Artemis Investment Management LLP

Artemis Investment Management LLP purchased a new position in shares of Flutter Entertainment plc (NYSE:FLUT) in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 148,530 shares of the company’s stock, valued at approximately $29,611,000.

Flutter Entertainment Stock Performance

Flutter Entertainment stock traded down $0.51 during trading hours on Friday, reaching $182.30. 3,251,047 shares of the company’s stock were exchanged, compared to its average volume of 523,949. The firm’s 50 day simple moving average is $192.76 and its 200 day simple moving average is $162.64. Flutter Entertainment plc has a twelve month low of $148.00 and a twelve month high of $226.40.

Analysts Set New Price Targets

Several equities analysts have recently commented on the company. BTIG Research upped their target price on Flutter Entertainment from $242.00 to $245.00 and gave the company a “buy” rating in a research report on Wednesday, May 15th. Susquehanna reduced their price target on Flutter Entertainment from $249.00 to $235.00 and set a “positive” rating on the stock in a research report on Thursday, May 30th. Oppenheimer started coverage on Flutter Entertainment in a research report on Tuesday, June 4th. They set an “outperform” rating and a $240.00 price target on the stock. JMP Securities reissued a “market outperform” rating and set a $246.00 price target on shares of Flutter Entertainment in a research report on Wednesday, May 15th. Finally, Wells Fargo & Company reissued an “equal weight” rating and set a $210.00 price target on shares of Flutter Entertainment in a research report on Wednesday, May 15th. One research analyst has rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Flutter Entertainment has a consensus rating of “Moderate Buy” and a consensus price target of $5,464.10.

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.