Asset Management One Co. Ltd. Increases Stake in Flutter Entertainment plc (NYSE:FLUT)

Asset Management One Co. Ltd. increased its stake in shares of Flutter Entertainment plc (NYSE:FLUT) by 0.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 62,564 shares of the company’s stock after acquiring 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 quarter.

Several other institutional investors also recently bought and sold shares of the stock. Jennison Associates LLC bought a new stake in Flutter Entertainment in the 4th quarter worth approximately $239,306,000. Vestcor Inc bought a new stake in Flutter Entertainment in the third quarter worth $815,000. Benson Investment Management Company Inc. purchased a new stake in Flutter Entertainment during the fourth quarter valued at $5,116,000. Sanctuary Advisors LLC bought a new position in Flutter Entertainment during the third quarter valued at $802,000. Finally, Mediolanum International Funds Ltd grew its stake in shares of Flutter Entertainment by 157.4% in the 4th quarter. Mediolanum International Funds Ltd now owns 45,304 shares of the company’s stock worth $11,677,000 after buying an additional 27,701 shares in the last quarter.

Flutter Entertainment Trading Up 5.9 %

NYSE:FLUT opened at $298.88 on Friday. 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 firm has a 50-day simple moving average of $265.51 and a 200-day simple moving average of $243.00. Flutter Entertainment plc has a one year low of $174.03 and a one year high of $299.73.

Analyst Ratings Changes

A number of brokerages recently commented on FLUT. Susquehanna lowered their price target on shares of Flutter Entertainment from $322.00 to $317.00 and set a “positive” rating for the company in a report on Wednesday, January 8th. Oppenheimer raised their price objective on Flutter Entertainment from $300.00 to $305.00 and gave the company an “outperform” rating in a research note on Wednesday, November 13th. Barclays boosted their target price on Flutter Entertainment from $275.00 to $301.00 and gave the company an “overweight” rating in a research report on Wednesday, November 13th. JMP Securities raised their price target on Flutter Entertainment from $299.00 to $311.00 and gave the stock a “market outperform” rating in a research report on Monday, January 6th. Finally, The Goldman Sachs Group assumed coverage on shares of Flutter Entertainment in a research note on Friday, November 22nd. They issued a “buy” rating and a $320.00 target price on the stock. Seventeen research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Buy” and an average price target 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.