Assetmark Inc. Grows Stock Holdings in Flutter Entertainment plc (NYSE:FLUT)

Assetmark Inc. raised its position in shares of Flutter Entertainment plc (NYSE:FLUT) by 8.3% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 14,813 shares of the company’s stock after buying an additional 1,136 shares during the quarter. Assetmark Inc.’s holdings in Flutter Entertainment were worth $3,828,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of the company. Massachusetts Financial Services Co. MA purchased a new position in shares of Flutter Entertainment in the 3rd quarter valued at approximately $849,474,000. Bank of Montreal Can raised its position in shares of 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 position in shares of 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. Geode Capital Management LLC purchased a new position in shares of Flutter Entertainment in the 3rd quarter valued at approximately $436,599,000. Finally, State Street Corp raised its position in shares of Flutter Entertainment by 61,014.6% in the 3rd quarter. State Street Corp now owns 1,011,447 shares of the company’s stock valued at $239,996,000 after purchasing an additional 1,009,792 shares during the last quarter.

Analysts Set New Price Targets

FLUT has been the subject of several research analyst reports. Benchmark increased their price objective on shares of Flutter Entertainment from $275.00 to $300.00 and gave the company a “buy” rating in a research report on Wednesday. Truist Financial initiated coverage on shares of Flutter Entertainment in a research report on Wednesday, February 26th. They issued a “buy” rating and a $330.00 price objective for the company. JMP Securities raised their price target on shares of Flutter Entertainment from $299.00 to $311.00 and gave the stock a “market outperform” rating in a research report on Monday, January 6th. The Goldman Sachs Group initiated coverage on shares of Flutter Entertainment in a research report on Friday, November 22nd. They set a “buy” rating and a $320.00 price target for the company. Finally, Stifel Nicolaus initiated coverage on shares of Flutter Entertainment in a research report on Friday, January 17th. They set a “buy” rating and a $320.00 price target for the company. Eighteen analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Buy” and an average price target of $311.41.

Flutter Entertainment Price Performance

Shares of NYSE FLUT opened at $248.02 on Friday. The stock has a market capitalization of $44.02 billion and a price-to-earnings ratio of 1,127.38. Flutter Entertainment plc has a 12 month low of $174.03 and a 12 month high of $299.73. The firm’s 50 day simple moving average is $267.23 and its 200-day simple moving average is $251.35. The company has a debt-to-equity ratio of 0.66, a current ratio of 0.89 and a quick ratio of 0.89.

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.