Massachusetts Financial Services Co. MA Raises Stock Position in Flutter Entertainment PLC $FLUT

by · The Cerbat Gem

Massachusetts Financial Services Co. MA raised its holdings in Flutter Entertainment PLC (NYSE:FLUT – Free Report) by 2.4% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 2,864,681 shares of the company’s stock after purchasing an additional 68,186 shares during the quarter. Massachusetts Financial Services Co. MA owned 1.63% of Flutter Entertainment worth $727,629,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of FLUT. Vanguard Group Inc. grew its holdings in Flutter Entertainment by 402.4% during the second quarter. Vanguard Group Inc. now owns 17,257,475 shares of the company’s stock worth $4,931,496,000 after acquiring an additional 13,822,673 shares during the period. Parvus Asset Management Jersey Ltd purchased a new position in shares of Flutter Entertainment during the 2nd quarter valued at approximately $2,231,266,000. Norges Bank acquired a new position in shares of Flutter Entertainment in the 2nd quarter valued at $930,349,000. State Street Corp boosted its holdings in Flutter Entertainment by 120.3% during the second quarter. State Street Corp now owns 3,086,730 shares of the company’s stock worth $882,064,000 after buying an additional 1,685,556 shares in the last quarter. Finally, Geode Capital Management LLC grew its position in Flutter Entertainment by 57.4% during the second quarter. Geode Capital Management LLC now owns 3,080,848 shares of the company’s stock valued at $877,583,000 after buying an additional 1,122,892 shares during the period.

Flutter Entertainment Stock Performance

Shares of Flutter Entertainment stock opened at $188.77 on Friday. The business’s 50 day moving average price is $211.22 and its 200 day moving average price is $254.35. The company has a market cap of $33.08 billion, a price-to-earnings ratio of -145.21 and a beta of 1.88. The company has a debt-to-equity ratio of 1.27, a quick ratio of 0.96 and a current ratio of 0.96. Flutter Entertainment PLC has a one year low of $187.95 and a one year high of $313.68.

Key Headlines Impacting Flutter Entertainment

Here are the key news stories impacting Flutter Entertainment this week:

Analyst Ratings Changes

A number of research analysts have weighed in on the stock. Morgan Stanley decreased their price objective on shares of Flutter Entertainment from $352.00 to $315.00 and set an “overweight” rating for the company in a research report on Friday, December 12th. Weiss Ratings restated a “sell (d-)” rating on shares of Flutter Entertainment in a research note on Monday, December 29th. Citizens Jmp increased their price target on Flutter Entertainment from $311.00 to $313.00 and gave the stock a “market outperform” rating in a research report on Monday, January 5th. Needham & Company LLC dropped their price objective on Flutter Entertainment from $325.00 to $300.00 and set a “buy” rating on the stock in a report on Thursday, November 13th. Finally, Stifel Nicolaus reduced their target price on Flutter Entertainment from $339.00 to $330.00 and set a “buy” rating for the company in a research note on Thursday, November 13th. Three analysts have rated the stock with a Strong Buy rating, seventeen have given a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $298.35.

Check Out Our Latest Stock Report on Flutter Entertainment

Flutter Entertainment Company Profile

(Free Report)

Flutter Entertainment plc is a global sports betting and gaming company that operates a portfolio of consumer-facing brands and digital platforms. The company’s primary activities include online sports betting, casino gaming, poker, and daily fantasy sports, delivered through web and mobile applications as well as retail betting locations in select markets. Flutter focuses on product development, customer acquisition and engagement, and compliance with local gambling regulations across the jurisdictions where it operates.

Flutter’s brand portfolio includes well-known names in different regional markets, such as FanDuel in the United States, PokerStars, Betfair, Paddy Power and Sky Betting & Gaming in Europe and elsewhere.

Further Reading