Y Intercept Hong Kong Ltd Invests $3.30 Million in Flutter Entertainment plc (NYSE:FLUT)

Y Intercept Hong Kong Ltd acquired a new stake in shares of Flutter Entertainment plc (NYSE:FLUT) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 12,785 shares of the company’s stock, valued at approximately $3,304,000.

Several other hedge funds have also recently made changes to their positions in FLUT. Massachusetts Financial Services Co. MA acquired a new stake in Flutter Entertainment during the 3rd quarter valued at approximately $849,474,000. FMR LLC raised its holdings in shares of Flutter Entertainment by 13.2% during the third quarter. FMR LLC now owns 3,375,670 shares of the company’s stock worth $794,362,000 after purchasing an additional 393,122 shares during the last quarter. Bank of Montreal Can raised its holdings in shares of Flutter Entertainment by 868.5% during the third quarter. Bank of Montreal Can now owns 3,367,022 shares of the company’s stock worth $798,927,000 after purchasing an additional 3,019,376 shares during the last quarter. Cantillon Capital Management LLC boosted its holdings in Flutter Entertainment by 3,827.8% in the third quarter. Cantillon Capital Management LLC now owns 2,397,384 shares of the company’s stock valued at $568,851,000 after purchasing an additional 2,336,347 shares during the last quarter. Finally, Geode Capital Management LLC purchased a new stake in Flutter Entertainment in the third quarter valued at $436,599,000.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the company. BTIG Research set a $323.00 price objective on Flutter Entertainment in a research note on Monday, February 3rd. Susquehanna decreased their price target on Flutter Entertainment from $322.00 to $317.00 and set a “positive” rating for the company in a report on Wednesday, January 8th. Barclays upped their price objective on Flutter Entertainment from $275.00 to $301.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 13th. UBS Group lifted their target price on shares of Flutter Entertainment from $320.00 to $335.00 and gave the company a “buy” rating in a report on Tuesday, January 28th. Finally, Macquarie assumed coverage on shares of Flutter Entertainment in a report on Wednesday, December 11th. They set an “outperform” rating and a $340.00 price target on the stock. Seventeen research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, Flutter Entertainment has a consensus rating of “Buy” and a consensus price target of $306.50.

Flutter Entertainment Stock Performance

Flutter Entertainment stock opened at $269.81 on Tuesday. The company has a fifty day simple moving average of $266.77 and a 200-day simple moving average of $246.99. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 0.66. Flutter Entertainment plc has a 52-week low of $174.03 and a 52-week high of $299.73.

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.