Oak Thistle LLC Acquires Shares of 11,548 Flutter Entertainment PLC $FLUT

Oak Thistle LLC bought a new stake in shares of Flutter Entertainment PLC (NYSE:FLUT) in the 3rd quarter, HoldingsChannel reports. The fund bought 11,548 shares of the company’s stock, valued at approximately $2,933,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. MML Investors Services LLC grew its position in Flutter Entertainment by 0.6% during the second quarter. MML Investors Services LLC now owns 7,081 shares of the company’s stock valued at $2,024,000 after buying an additional 45 shares during the period. Hohimer Wealth Management LLC raised its position in Flutter Entertainment by 1.3% in the second quarter. Hohimer Wealth Management LLC now owns 4,567 shares of the company’s stock worth $1,305,000 after acquiring an additional 60 shares during the period. Parallel Advisors LLC boosted its stake in Flutter Entertainment by 44.9% in the second quarter. Parallel Advisors LLC now owns 197 shares of the company’s stock valued at $56,000 after acquiring an additional 61 shares during the last quarter. Signaturefd LLC boosted its stake in Flutter Entertainment by 98.5% in the second quarter. Signaturefd LLC now owns 129 shares of the company’s stock valued at $37,000 after acquiring an additional 64 shares during the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in shares of Flutter Entertainment by 5.6% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,311 shares of the company’s stock valued at $290,000 after acquiring an additional 69 shares during the period.

Analysts Set New Price Targets

A number of equities research analysts recently commented on the stock. Citigroup reaffirmed an “outperform” rating on shares of Flutter Entertainment in a report on Thursday, December 11th. Morgan Stanley decreased their target price on Flutter Entertainment from $352.00 to $315.00 and set an “overweight” rating for the company in a research report on Friday. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Flutter Entertainment in a research report on Monday. Sanford C. Bernstein reiterated a “market perform” rating on shares of Flutter Entertainment in a research note on Thursday, December 11th. Finally, HSBC raised Flutter Entertainment from a “hold” rating to a “buy” rating and decreased their price objective for the stock from $265.00 to $228.00 in a report on Monday, November 24th. Three analysts have rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, four have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $304.60.

Flutter Entertainment Price Performance

Shares of NYSE FLUT opened at $219.17 on Wednesday. The company has a debt-to-equity ratio of 1.27, a quick ratio of 0.96 and a current ratio of 0.96. Flutter Entertainment PLC has a fifty-two week low of $189.33 and a fifty-two week high of $313.68. The stock has a market cap of $38.39 billion, a PE ratio of -168.59 and a beta of 1.92. The stock has a fifty day moving average of $223.17 and a 200-day moving average of $262.62.

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.