Asset Management One Co. Ltd. Boosts Stock Position in Flutter Entertainment plc (NYSE:FLUT)

Asset Management One Co. Ltd. raised its position in shares of Flutter Entertainment plc (NYSE:FLUT) by 0.5% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 62,564 shares of the company’s stock after buying an additional 317 shares during the quarter. Asset Management One Co. Ltd.’s holdings in Flutter Entertainment were worth $16,379,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the company. Raleigh Capital Management Inc. acquired a new position in Flutter Entertainment during the 4th quarter valued at about $26,000. BOCHK Asset Management Ltd acquired a new position in shares of Flutter Entertainment during the fourth quarter valued at about $26,000. Harbor Investment Advisory LLC raised its position in shares of 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 purchasing an additional 50 shares during the last quarter. UMB Bank n.a. boosted its stake in Flutter Entertainment by 58.8% in the 4th quarter. UMB Bank n.a. now owns 135 shares of the company’s stock worth $35,000 after purchasing an additional 50 shares in the last quarter. Finally, Geneos Wealth Management Inc. purchased a new stake in Flutter Entertainment during the 4th quarter worth approximately $39,000.

Flutter Entertainment Trading Up 5.9 %

FLUT opened at $298.88 on Friday. The company has a fifty day moving average of $265.51 and a two-hundred day moving average of $243.00. Flutter Entertainment plc has a fifty-two week low of $174.03 and a fifty-two week high of $299.73. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 0.66.

Wall Street Analyst Weigh In

FLUT has been the subject of a number of research analyst reports. The Goldman Sachs Group assumed coverage on shares of Flutter Entertainment in a research note on Friday, November 22nd. They set a “buy” rating and a $320.00 price objective for the company. Benchmark lifted their price target on Flutter Entertainment from $265.00 to $275.00 and gave the stock a “buy” rating in a research report on Wednesday, November 13th. JMP Securities increased their price objective on Flutter Entertainment from $299.00 to $311.00 and gave the company a “market outperform” rating in a report on Monday, January 6th. Susquehanna decreased their target price on Flutter Entertainment from $322.00 to $317.00 and set a “positive” rating for the company in a report on Wednesday, January 8th. Finally, UBS Group increased their price target on shares of Flutter Entertainment from $320.00 to $335.00 and gave the stock a “buy” rating in a report on Tuesday, January 28th. Seventeen analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus target price 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.