Zurcher Kantonalbank Zurich Cantonalbank Has $24.91 Million Holdings in Flutter Entertainment plc (NYSE:FLUT)

Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of Flutter Entertainment plc (NYSE:FLUT) by 182.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 95,983 shares of the company’s stock after buying an additional 62,010 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Flutter Entertainment were worth $24,907,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently modified their holdings of the company. Massachusetts Financial Services Co. MA bought a new stake in Flutter Entertainment during the 3rd quarter worth approximately $849,474,000. Bank of Montreal Can boosted its stake in Flutter Entertainment by 868.5% in 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 in the last quarter. Cantillon Capital Management LLC grew its holdings in shares of Flutter Entertainment by 3,827.8% during the third quarter. Cantillon Capital Management LLC now owns 2,397,384 shares of the company’s stock worth $568,851,000 after purchasing an additional 2,336,347 shares during the last quarter. Geode Capital Management LLC acquired a new stake in shares of Flutter Entertainment in the third quarter valued at $436,599,000. Finally, State Street Corp raised its holdings in shares of Flutter Entertainment by 61,014.6% in the third quarter. State Street Corp now owns 1,011,447 shares of the company’s stock valued at $239,996,000 after buying an additional 1,009,792 shares during the last quarter.

Insider Transactions at Flutter Entertainment

In other Flutter Entertainment news, Director Jeremy Peter Jackson sold 25,027 shares of the firm’s stock in a transaction that occurred on Thursday, March 6th. The shares were sold at an average price of $261.96, for a total transaction of $6,556,072.92. Following the sale, the director now directly owns 21,148 shares in the company, valued at approximately $5,539,930.08. This trade represents a 54.20 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Amy Howe sold 11,814 shares of the company’s stock in a transaction that occurred on Thursday, March 6th. The shares were sold at an average price of $260.50, for a total transaction of $3,077,547.00. Following the completion of the transaction, the chief executive officer now owns 62,941 shares of the company’s stock, valued at $16,396,130.50. This trade represents a 15.80 % decrease in their position. The disclosure for this sale can be found here.

Flutter Entertainment Stock Up 1.8 %

Shares of NYSE FLUT opened at $231.63 on Wednesday. The firm has a 50 day moving average price of $266.07 and a 200 day moving average price of $251.91. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.89 and a current ratio of 0.89. The stock has a market cap of $41.11 billion and a P/E ratio of 1,052.85. Flutter Entertainment plc has a 52-week low of $174.03 and a 52-week high of $299.73.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on the stock. Stifel Nicolaus started coverage on shares of Flutter Entertainment in a research report on Friday, January 17th. They issued a “buy” rating and a $320.00 price objective for the company. Citigroup reissued an “outperform” rating on shares of Flutter Entertainment in a report on Wednesday, March 5th. Needham & Company LLC boosted their price objective on shares of Flutter Entertainment from $300.00 to $310.00 and gave the stock a “buy” rating in a research report on Wednesday, March 5th. Macquarie reiterated an “outperform” rating and issued a $340.00 price objective on shares of Flutter Entertainment in a research report on Wednesday, March 5th. Finally, Truist Financial assumed coverage on Flutter Entertainment in a research report on Wednesday, February 26th. They set a “buy” rating and a $330.00 target price for the company. Twenty equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Buy” and an average target price of $311.41.

Flutter Entertainment 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.