Geneos Wealth Management Inc. Takes Position in Flutter Entertainment plc (NYSE:FLUT)

Geneos Wealth Management Inc. purchased a new stake in Flutter Entertainment plc (NYSE:FLUT) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 152 shares of the company’s stock, valued at approximately $39,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Harbor Investment Advisory LLC lifted its position in shares of Flutter Entertainment by 64.1% during the fourth quarter. Harbor Investment Advisory LLC now owns 128 shares of the company’s stock valued at $33,000 after buying an additional 50 shares during the last quarter. UMB Bank n.a. grew its holdings in 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 purchasing an additional 50 shares during the last quarter. Ritholtz Wealth Management increased its position in shares of Flutter Entertainment by 3.5% during the fourth quarter. Ritholtz Wealth Management now owns 1,725 shares of the company’s stock worth $446,000 after purchasing an additional 59 shares in the last quarter. US Bancorp DE increased its position in shares of Flutter Entertainment by 71.7% during the third quarter. US Bancorp DE now owns 237 shares of the company’s stock worth $56,000 after purchasing an additional 99 shares in the last quarter. Finally, Raleigh Capital Management Inc. purchased a new stake in shares of Flutter Entertainment during the 4th quarter valued at $26,000.

Flutter Entertainment Stock Performance

NYSE FLUT opened at $266.93 on Friday. Flutter Entertainment plc has a 52 week low of $174.03 and a 52 week high of $284.79. The firm has a 50 day moving average of $266.52 and a two-hundred day moving average of $237.82. The company has a current ratio of 0.89, a quick ratio of 0.89 and a debt-to-equity ratio of 0.66.

Wall Street Analyst Weigh In

Several research firms recently issued reports on FLUT. Oppenheimer upped their target price on Flutter Entertainment from $300.00 to $305.00 and gave the company an “outperform” rating in a research report on Wednesday, November 13th. Craig Hallum lifted their target price on Flutter Entertainment from $275.00 to $350.00 and gave the stock a “buy” rating in a report on Wednesday, November 13th. Macquarie started coverage on shares of Flutter Entertainment in a report on Wednesday, December 11th. They issued an “outperform” rating and a $340.00 price target on the stock. Benchmark lifted their price objective on shares of Flutter Entertainment from $265.00 to $275.00 and gave the company a “buy” rating in a research note on Wednesday, November 13th. Finally, JMP Securities increased their price objective on shares of Flutter Entertainment from $299.00 to $311.00 and gave the stock 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 given a strong buy rating to the company. According to MarketBeat, the company currently has an average rating of “Buy” and a consensus price target of $305.38.

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.