SkyOak Wealth LLC Purchases New Position in Flutter Entertainment plc (NYSE:FLUT)

SkyOak Wealth LLC acquired a new position in shares of Flutter Entertainment plc (NYSE:FLUT) during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 841 shares of the company’s stock, valued at approximately $217,000.

Several other large investors also recently bought and sold shares of the business. Massachusetts Financial Services Co. MA bought a new position in Flutter Entertainment during the third quarter valued at $849,474,000. Bank of Montreal Can boosted its position in shares of Flutter Entertainment by 868.5% during the third quarter. Bank of Montreal Can now owns 3,367,022 shares of the company’s stock valued at $798,927,000 after buying an additional 3,019,376 shares during the period. Cantillon Capital Management LLC raised its holdings in shares of Flutter Entertainment by 3,827.8% in the third quarter. Cantillon Capital Management LLC now owns 2,397,384 shares of the company’s stock worth $568,851,000 after buying an additional 2,336,347 shares during the period. Marathon Asset Management Ltd bought a new stake in shares of Flutter Entertainment during the 3rd quarter worth approximately $451,631,000. Finally, Geode Capital Management LLC bought a new position in Flutter Entertainment in the 3rd quarter valued at $436,599,000.

Analyst Ratings Changes

A number of analysts have recently issued reports on FLUT shares. Oppenheimer boosted their target price on shares of Flutter Entertainment from $300.00 to $305.00 and gave the company an “outperform” rating in a research note on Wednesday, November 13th. Needham & Company LLC reiterated a “buy” rating and set a $300.00 price objective on shares of Flutter Entertainment in a report on Wednesday, January 8th. Barclays upped their target price on shares of Flutter Entertainment from $275.00 to $301.00 and gave the stock an “overweight” rating in a research note on Wednesday, November 13th. Craig Hallum lifted their price target on shares of Flutter Entertainment from $275.00 to $350.00 and gave the company a “buy” rating in a research note on Wednesday, November 13th. Finally, Benchmark increased their price objective on Flutter Entertainment from $265.00 to $275.00 and gave the stock a “buy” rating in a research note on Wednesday, November 13th. Seventeen investment 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, Flutter Entertainment has an average rating of “Buy” and an average target price of $305.38.

Flutter Entertainment Stock Down 1.9 %

FLUT stock opened at $266.93 on Monday. The firm has a 50-day simple moving average of $266.52 and a two-hundred day simple moving average of $237.82. The company has a debt-to-equity ratio of 0.66, a current ratio of 0.89 and a quick ratio of 0.89. Flutter Entertainment plc has a one year low of $174.03 and a one year high of $284.79.

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.