Flutter Entertainment plc (NYSE:FLUT) Shares Purchased by Zurcher Kantonalbank Zurich Cantonalbank

Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of Flutter Entertainment plc (NYSE:FLUT) by 5.8% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 102,653 shares of the company’s stock after buying an additional 5,670 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank owned about 0.06% of Flutter Entertainment worth $18,770,000 at the end of the most recent reporting period.

Other institutional investors also recently made changes to their positions in the company. Hollencrest Capital Management purchased a new position in shares of Flutter Entertainment during the first quarter valued at approximately $28,000. Assenagon Asset Management S.A. boosted its holdings in shares of Flutter Entertainment by 3.0% during the second quarter. Assenagon Asset Management S.A. now owns 5,760 shares of the company’s stock worth $1,053,000 after purchasing an additional 170 shares during the last quarter. CWM LLC purchased a new stake in shares of Flutter Entertainment in the second quarter valued at $40,000. YHB Investment Advisors Inc. acquired a new position in Flutter Entertainment in the first quarter valued at $45,000. Finally, Global Retirement Partners LLC acquired a new position in Flutter Entertainment in the first quarter valued at $45,000.

Flutter Entertainment Stock Performance

Shares of FLUT stock traded up $2.92 during trading hours on Friday, hitting $213.16. 2,694,858 shares of the company were exchanged, compared to its average volume of 760,229. Flutter Entertainment plc has a one year low of $148.00 and a one year high of $226.40. The business’s 50-day simple moving average is $197.22 and its two-hundred day simple moving average is $195.90.

Wall Street Analysts Forecast Growth

FLUT has been the subject of a number of recent analyst reports. Susquehanna boosted their target price on shares of Flutter Entertainment from $222.00 to $230.00 and gave the company a “positive” rating in a report on Wednesday, August 14th. JMP Securities upped their price objective on Flutter Entertainment from $246.00 to $255.00 and gave the stock a “market outperform” rating in a report on Wednesday, August 14th. Oppenheimer lifted their target price on Flutter Entertainment from $240.00 to $255.00 and gave the company an “outperform” rating in a report on Wednesday, August 14th. Wells Fargo & Company upped their price target on Flutter Entertainment from $218.00 to $224.00 and gave the stock an “equal weight” rating in a research note on Wednesday, August 14th. Finally, Morgan Stanley assumed coverage on Flutter Entertainment in a research note on Thursday, August 22nd. They issued an “overweight” rating and a $247.00 price objective on the stock. One analyst has rated the stock with a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Buy” and an average target price of $1,995.00.

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.