Entropy Technologies LP Acquires Shares of 9,827 Flutter Entertainment plc (NYSE:FLUT)

Entropy Technologies LP acquired a new stake in shares of Flutter Entertainment plc (NYSE:FLUT) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 9,827 shares of the company’s stock, valued at approximately $2,540,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Raleigh Capital Management Inc. bought a new stake in shares of Flutter Entertainment in the fourth quarter worth approximately $26,000. BOCHK Asset Management Ltd bought a new stake in shares of Flutter Entertainment in the fourth quarter worth approximately $26,000. Harbor Investment Advisory LLC grew its stake in shares of Flutter Entertainment by 64.1% in the fourth quarter. Harbor Investment Advisory LLC now owns 128 shares of the company’s stock worth $33,000 after acquiring an additional 50 shares during the period. UMB Bank n.a. grew its stake in shares of Flutter Entertainment by 58.8% in the fourth quarter. UMB Bank n.a. now owns 135 shares of the company’s stock worth $35,000 after acquiring an additional 50 shares during the period. Finally, Geneos Wealth Management Inc. bought a new stake in shares of Flutter Entertainment in the fourth quarter worth approximately $39,000.

Flutter Entertainment Stock Performance

Shares of NYSE:FLUT opened at $268.47 on Friday. The company has a quick ratio of 0.89, a current 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 $284.79. The firm’s 50 day simple moving average is $265.54 and its two-hundred day simple moving average is $239.79.

Wall Street Analyst Weigh In

FLUT has been the subject of a number of research analyst reports. Stifel Nicolaus initiated coverage on shares of Flutter Entertainment in a research note on Friday, January 17th. They issued a “buy” rating and a $320.00 price target for the company. Barclays lifted their price target on shares of Flutter Entertainment from $275.00 to $301.00 and gave the stock an “overweight” rating in a research note on Wednesday, November 13th. Benchmark boosted their target price on shares of Flutter Entertainment from $265.00 to $275.00 and gave the company a “buy” rating in a research report on Wednesday, November 13th. The Goldman Sachs Group assumed coverage on shares of Flutter Entertainment in a research report on Friday, November 22nd. They set a “buy” rating and a $320.00 target price for the company. Finally, Craig Hallum boosted their target price on shares of Flutter Entertainment from $275.00 to $350.00 and gave the company a “buy” 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. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus price target of $305.38.

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.