SkyOak Wealth LLC Invests $217,000 in Flutter Entertainment plc (NYSE:FLUT)

SkyOak Wealth LLC acquired a new stake in shares of Flutter Entertainment plc (NYSE:FLUT) during the 4th quarter, HoldingsChannel reports. The institutional investor acquired 841 shares of the company’s stock, valued at approximately $217,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Harbor Investment Advisory LLC grew its stake in Flutter Entertainment by 64.1% during the 4th quarter. Harbor Investment Advisory LLC now owns 128 shares of the company’s stock valued at $33,000 after purchasing an additional 50 shares during the last quarter. UMB Bank n.a. lifted its holdings in shares of Flutter Entertainment by 58.8% during the fourth quarter. UMB Bank n.a. now owns 135 shares of the company’s stock worth $35,000 after purchasing an additional 50 shares during the period. Ritholtz Wealth Management boosted its position in Flutter Entertainment by 3.5% in the fourth quarter. Ritholtz Wealth Management now owns 1,725 shares of the company’s stock valued at $446,000 after buying an additional 59 shares during the last quarter. US Bancorp DE increased its holdings in Flutter Entertainment by 71.7% in the 3rd quarter. US Bancorp DE now owns 237 shares of the company’s stock worth $56,000 after buying an additional 99 shares during the period. Finally, Raleigh Capital Management Inc. purchased a new position in Flutter Entertainment during the 4th quarter worth approximately $26,000.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on FLUT shares. Stifel Nicolaus started coverage on shares of Flutter Entertainment in a report on Friday, January 17th. They issued a “buy” rating and a $320.00 price objective on the stock. Susquehanna cut their price target on Flutter Entertainment from $322.00 to $317.00 and set a “positive” rating on the stock in a research report on Wednesday, January 8th. Benchmark lifted their price objective on Flutter Entertainment from $265.00 to $275.00 and gave the company a “buy” rating in a research note on Wednesday, November 13th. BTIG Research upped their target price on Flutter Entertainment from $249.00 to $305.00 and gave the stock a “buy” rating in a research note on Monday, November 11th. Finally, Macquarie began coverage on Flutter Entertainment in a research report on Wednesday, December 11th. They set an “outperform” rating and a $340.00 price target for the company. Seventeen analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus price target of $305.38.

Flutter Entertainment Trading Down 1.9 %

Shares of NYSE FLUT opened at $266.93 on Monday. The company has a debt-to-equity ratio of 0.66, a current ratio of 0.89 and a quick ratio of 0.89. The firm has a fifty day moving average of $266.52 and a 200 day moving average of $237.82. Flutter Entertainment plc has a one year low of $174.03 and a one year high of $284.79.

Flutter Entertainment 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.