Flutter Entertainment (NYSE:FLUT) Shares Pass Below Fifty Day Moving Average of $203.08

Shares of Flutter Entertainment plc (NYSE:FLUT) passed below its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of $203.08 and traded as low as $189.66. Flutter Entertainment shares last traded at $191.58, with a volume of 479,714 shares.

Wall Street Analyst Weigh In

Several brokerages have issued reports on FLUT. JPMorgan Chase & Co. raised shares of Flutter Entertainment from a “neutral” rating to an “overweight” rating in a report on Wednesday, March 13th. Wells Fargo & Company began coverage on shares of Flutter Entertainment in a report on Thursday, April 4th. They issued an “equal weight” rating on the stock. Barclays raised shares of Flutter Entertainment from an “equal weight” rating to an “overweight” rating in a report on Tuesday, February 27th. Finally, JMP Securities reissued a “market outperform” rating on shares of Flutter Entertainment in a report on Monday, April 1st. Two equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $17,142.50.

Flutter Entertainment Price Performance

The business has a 50 day moving average price of $202.78 and a 200 day moving average price of $131.63.

Institutional Trading of Flutter Entertainment

A number of large investors have recently bought and sold shares of the business. Sumitomo Mitsui Trust Holdings Inc. bought a new stake in Flutter Entertainment during the 1st quarter worth approximately $70,371,000. Artemis Investment Management LLP acquired a new position in Flutter Entertainment during the 1st quarter worth approximately $29,611,000. Zurcher Kantonalbank Zurich Cantonalbank acquired a new position in Flutter Entertainment during the 1st quarter worth approximately $19,345,000. Retirement Systems of Alabama acquired a new position in Flutter Entertainment during the 1st quarter worth approximately $9,024,000. Finally, Allspring Global Investments Holdings LLC acquired a new position in Flutter Entertainment during the 1st quarter worth approximately $7,319,000. 0.01% of the stock is owned by institutional investors.

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.