Axxcess Wealth Management LLC Makes New Investment in Flutter Entertainment plc (NYSE:FLUT)

Axxcess Wealth Management LLC acquired a new position in Flutter Entertainment plc (NYSE:FLUT) in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 1,770 shares of the company’s stock, valued at approximately $363,000.

A number of other large investors have also recently made changes to their positions in FLUT. Artemis Investment Management LLP purchased a new position in shares of Flutter Entertainment during the 1st quarter worth about $29,611,000. Allspring Global Investments Holdings LLC purchased a new position in shares of Flutter Entertainment during the 1st quarter worth about $7,319,000. Sumitomo Mitsui Trust Holdings Inc. purchased a new position in shares of Flutter Entertainment during the 1st quarter worth about $70,371,000. Financial Perspectives Inc purchased a new position in shares of Flutter Entertainment during the 1st quarter worth about $102,000. Finally, Arthur M. Cohen & Associates LLC purchased a new position in shares of Flutter Entertainment during the 1st quarter worth about $282,000.

Flutter Entertainment Trading Up 1.8 %

Shares of NYSE:FLUT traded up $3.51 during trading hours on Friday, hitting $198.63. The company’s stock had a trading volume of 379,363 shares, compared to its average volume of 1,198,764. Flutter Entertainment plc has a 52 week low of $148.00 and a 52 week high of $226.40. The firm’s fifty day moving average price is $193.65 and its 200 day moving average price is $178.84.

Analyst Ratings Changes

Several research firms have issued reports on FLUT. Wells Fargo & Company boosted their price objective on shares of Flutter Entertainment from $212.00 to $218.00 and gave the company an “equal weight” rating in a research report on Tuesday, July 16th. Benchmark reissued a “buy” rating and issued a $255.00 price objective on shares of Flutter Entertainment in a research report on Thursday. Moffett Nathanson began coverage on shares of Flutter Entertainment in a research report on Monday, May 6th. They issued a “buy” rating and a $240.00 price objective for the company. Susquehanna lowered their price objective on shares of Flutter Entertainment from $249.00 to $235.00 and set a “positive” rating for the company in a research report on Thursday, May 30th. Finally, BTIG Research boosted their price objective on shares of Flutter Entertainment from $242.00 to $245.00 and gave the company a “buy” rating in a research report on Wednesday, May 15th. One equities research analyst has rated the stock with a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $3,864.33.

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.