Vanderbilt University Decreases Stake in Flutter Entertainment plc (NYSE:FLUT)

Vanderbilt University lessened its holdings in shares of Flutter Entertainment plc (NYSE:FLUT) by 12.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 21,462 shares of the company’s stock after selling 3,140 shares during the period. Flutter Entertainment accounts for approximately 1.1% of Vanderbilt University’s investment portfolio, making the stock its 13th biggest position. Vanderbilt University’s holdings in Flutter Entertainment were worth $5,569,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Harbor Investment Advisory LLC grew its holdings 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 valued at $33,000 after purchasing an additional 50 shares during the period. UMB Bank n.a. boosted its holdings 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 purchasing an additional 50 shares during the last quarter. Ritholtz Wealth Management grew its stake in shares of Flutter Entertainment by 3.5% in the 4th quarter. Ritholtz Wealth Management now owns 1,725 shares of the company’s stock valued at $446,000 after buying an additional 59 shares during the period. US Bancorp DE increased its holdings in shares of Flutter Entertainment by 71.7% during the 3rd quarter. US Bancorp DE now owns 237 shares of the company’s stock worth $56,000 after buying an additional 99 shares during the last quarter. Finally, Raleigh Capital Management Inc. purchased a new stake in shares of Flutter Entertainment during the 4th quarter valued at approximately $26,000.

Flutter Entertainment Price Performance

NYSE:FLUT opened at $266.22 on Thursday. Flutter Entertainment plc has a 12-month low of $174.03 and a 12-month high of $284.79. The company has a current ratio of 0.89, a quick ratio of 0.89 and a debt-to-equity ratio of 0.66. The stock has a fifty day moving average price of $265.99 and a 200 day moving average price of $238.96.

Wall Street Analyst Weigh In

FLUT has been the subject of several recent analyst reports. Needham & Company LLC reissued a “buy” rating and set a $300.00 target price on shares of Flutter Entertainment in a research note on Wednesday, January 8th. BTIG Research increased their price target on Flutter Entertainment from $249.00 to $305.00 and gave the stock a “buy” rating in a report on Monday, November 11th. Oppenheimer boosted their price objective on shares of Flutter Entertainment from $300.00 to $305.00 and gave the company an “outperform” rating in a report on Wednesday, November 13th. Macquarie began coverage on shares of Flutter Entertainment in a research note on Wednesday, December 11th. They set an “outperform” rating and a $340.00 target price for the company. Finally, JMP Securities boosted their price target on shares of Flutter Entertainment from $299.00 to $311.00 and gave the company a “market outperform” rating in a research note on Monday, January 6th. Seventeen investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, Flutter Entertainment has an average 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.