12,785 Shares in Flutter Entertainment plc (NYSE:FLUT) Acquired by Y Intercept Hong Kong Ltd

Y Intercept Hong Kong Ltd acquired a new position in shares of Flutter Entertainment plc (NYSE:FLUT) during the fourth quarter, Holdings Channel.com reports. The institutional investor acquired 12,785 shares of the company’s stock, valued at approximately $3,304,000.

Several other large investors also recently added to or reduced their stakes in FLUT. Raymond James & Associates boosted its holdings in Flutter Entertainment by 10.0% in the 3rd quarter. Raymond James & Associates now owns 18,348 shares of the company’s stock valued at $4,354,000 after purchasing an additional 1,663 shares during the last quarter. International Assets Investment Management LLC purchased a new stake in shares of Flutter Entertainment during the 3rd quarter valued at approximately $3,660,000. Assenagon Asset Management S.A. lifted its position in Flutter Entertainment by 28.4% in the third quarter. Assenagon Asset Management S.A. now owns 7,395 shares of the company’s stock valued at $1,755,000 after buying an additional 1,635 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. purchased a new position in Flutter Entertainment in the third quarter worth approximately $190,000. Finally, Forsta AP Fonden grew its holdings in Flutter Entertainment by 82.2% during the 3rd quarter. Forsta AP Fonden now owns 37,400 shares of the company’s stock worth $8,874,000 after acquiring an additional 16,876 shares in the last quarter.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on FLUT shares. Oppenheimer boosted their target price on Flutter Entertainment from $300.00 to $305.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 13th. Needham & Company LLC reiterated a “buy” rating and set a $300.00 target price on shares of Flutter Entertainment in a research note on Wednesday, January 8th. Craig Hallum lifted their price objective on shares of Flutter Entertainment from $275.00 to $350.00 and gave the company a “buy” rating in a research report on Wednesday, November 13th. BTIG Research set a $323.00 target price on Flutter Entertainment in a research report on Monday, February 3rd. Finally, Susquehanna decreased their price target on Flutter Entertainment from $322.00 to $317.00 and set a “positive” rating on the stock in a research note on Wednesday, January 8th. Seventeen analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Buy” and an average price target of $306.50.

Flutter Entertainment Stock Performance

NYSE:FLUT opened at $269.81 on Tuesday. Flutter Entertainment plc has a 52-week low of $174.03 and a 52-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. The stock has a fifty day simple moving average of $266.77 and a 200-day simple moving average of $246.99.

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.