Flutter Entertainment plc (NYSE:FLUT) Shares Sold by Marathon Asset Management Ltd

Marathon Asset Management Ltd decreased its position in Flutter Entertainment plc (NYSE:FLUT) by 3.1% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 1,843,682 shares of the company’s stock after selling 59,687 shares during the period. Flutter Entertainment makes up 13.3% of Marathon Asset Management Ltd’s portfolio, making the stock its largest position. Marathon Asset Management Ltd owned approximately 1.04% of Flutter Entertainment worth $476,498,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Raleigh Capital Management Inc. bought a new stake in Flutter Entertainment in the 4th quarter valued at $26,000. BOCHK Asset Management Ltd bought a new stake in Flutter Entertainment in the 4th quarter valued at $26,000. IFP Advisors Inc lifted its position in Flutter Entertainment by 244.1% in the 4th quarter. IFP Advisors Inc now owns 117 shares of the company’s stock valued at $31,000 after acquiring an additional 83 shares in the last quarter. Harbor Investment Advisory LLC lifted its position in Flutter Entertainment by 64.1% in the 4th quarter. Harbor Investment Advisory LLC now owns 128 shares of the company’s stock valued at $33,000 after acquiring an additional 50 shares in the last quarter. Finally, UMB Bank n.a. lifted its position in Flutter Entertainment by 58.8% in the 4th quarter. UMB Bank n.a. now owns 135 shares of the company’s stock valued at $35,000 after acquiring an additional 50 shares in the last quarter.

Analysts Set New Price Targets

FLUT has been the topic of several analyst reports. Stifel Nicolaus initiated coverage on shares of Flutter Entertainment in a research report on Friday, January 17th. They set a “buy” rating and a $320.00 price target on the stock. Truist Financial initiated coverage on shares of Flutter Entertainment in a research note on Wednesday, February 26th. They issued a “buy” rating and a $330.00 price target on the stock. 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. Wells Fargo & Company decreased their target price on shares of Flutter Entertainment from $300.00 to $285.00 and set an “overweight” rating on the stock in a research report on Wednesday, January 8th. Finally, Susquehanna cut their price target on shares of Flutter Entertainment from $322.00 to $317.00 and set a “positive” rating for the company in a report on Wednesday, January 8th. Eighteen analysts have rated the stock with a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Buy” and an average price target of $307.88.

Flutter Entertainment Stock Performance

Shares of Flutter Entertainment stock opened at $280.69 on Monday. Flutter Entertainment plc has a 52-week low of $174.03 and a 52-week high of $299.73. The company has a fifty day moving average of $267.06 and a 200-day moving average of $249.71. 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 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.