Flutter Entertainment plc (NYSE:FLUT) Shares Acquired by Tokio Marine Asset Management Co. Ltd.

Tokio Marine Asset Management Co. Ltd. grew its position in Flutter Entertainment plc (NYSE:FLUT) by 6.6% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 5,912 shares of the company’s stock after acquiring an additional 364 shares during the quarter. Tokio Marine Asset Management Co. Ltd.’s holdings in Flutter Entertainment were worth $1,528,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of the stock. Massachusetts Financial Services Co. MA purchased a new position in Flutter Entertainment in the third quarter worth $849,474,000. FMR LLC raised its stake in shares of Flutter Entertainment by 13.2% during the 3rd quarter. FMR LLC now owns 3,375,670 shares of the company’s stock worth $794,362,000 after buying an additional 393,122 shares during the last quarter. Bank of Montreal Can raised its stake in Flutter Entertainment by 868.5% in the 3rd quarter. Bank of Montreal Can now owns 3,367,022 shares of the company’s stock valued at $798,927,000 after purchasing an additional 3,019,376 shares during the last quarter. Cantillon Capital Management LLC raised its stake in Flutter Entertainment by 3,827.8% in the 3rd quarter. Cantillon Capital Management LLC now owns 2,397,384 shares of the company’s stock valued at $568,851,000 after purchasing an additional 2,336,347 shares during the last quarter. Finally, Marathon Asset Management Ltd acquired a new position in Flutter Entertainment in the 3rd quarter valued at about $451,631,000.

Analysts Set New Price Targets

Several analysts have commented on the company. Craig Hallum lifted their price target on Flutter Entertainment from $275.00 to $350.00 and gave the company a “buy” rating in a report on Wednesday, November 13th. Bank of America assumed coverage on Flutter Entertainment in a report on Monday, October 14th. They issued a “buy” rating and a $300.00 price target for the company. Macquarie assumed coverage on Flutter Entertainment in a report on Wednesday, December 11th. They issued an “outperform” rating and a $340.00 price target for the company. JMP Securities upped their target price on Flutter Entertainment from $299.00 to $311.00 and gave the company a “market outperform” rating in a research report on Monday, January 6th. Finally, Needham & Company LLC reissued a “buy” rating and set a $300.00 price target on shares of Flutter Entertainment in a research report on Wednesday, January 8th. Seventeen research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus price target of $305.38.

Flutter Entertainment Trading Down 1.2 %

NYSE:FLUT opened at $263.68 on Tuesday. Flutter Entertainment plc has a 1 year low of $174.03 and a 1 year high of $284.79. The business has a fifty day moving average of $266.52 and a 200-day moving average of $238.07. 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 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.