BOCHK Asset Management Ltd Invests $26,000 in Flutter Entertainment plc (NYSE:FLUT)

BOCHK Asset Management Ltd purchased a new position in Flutter Entertainment plc (NYSE:FLUT) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 100 shares of the company’s stock, valued at approximately $26,000.

A number of other institutional investors also recently bought and sold shares of the company. Massachusetts Financial Services Co. MA purchased a new position in Flutter Entertainment during the third quarter worth about $849,474,000. FMR LLC raised its stake in Flutter Entertainment by 13.2% during the third quarter. FMR LLC now owns 3,375,670 shares of the company’s stock worth $794,362,000 after purchasing an additional 393,122 shares during the period. Bank of Montreal Can raised its stake in Flutter Entertainment by 868.5% during 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 during the period. Cantillon Capital Management LLC raised its stake in 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 period. Finally, Marathon Asset Management Ltd purchased a new position in Flutter Entertainment during the third quarter worth about $451,631,000.

Flutter Entertainment Trading Up 1.7 %

Shares of FLUT stock opened at $267.20 on Wednesday. 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 company has a 50 day moving average price of $266.43 and a 200 day moving average price of $236.31. Flutter Entertainment plc has a fifty-two week low of $174.03 and a fifty-two week high of $284.79.

Analyst Ratings Changes

FLUT has been the topic of a number of analyst reports. Wells Fargo & Company reduced their target price on shares of Flutter Entertainment from $300.00 to $285.00 and set an “overweight” rating on the stock in a research note on Wednesday, January 8th. Susquehanna reduced their target price on shares of Flutter Entertainment from $322.00 to $317.00 and set a “positive” rating on the stock in a research note on Wednesday, January 8th. BTIG Research boosted their price target on shares of Flutter Entertainment from $249.00 to $305.00 and gave the company a “buy” rating in a research note on Monday, November 11th. Macquarie started coverage on shares of Flutter Entertainment in a research note on Wednesday, December 11th. They issued an “outperform” rating and a $340.00 price target on the stock. Finally, Needham & Company LLC reissued a “buy” rating and issued a $300.00 price target on shares of Flutter Entertainment in a research note on Wednesday, January 8th. Seventeen investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, Flutter Entertainment presently has an average rating of “Buy” and a consensus 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.