Ossiam Purchases 39,782 Shares of Flutter Entertainment PLC $FLUT

Ossiam raised its position in Flutter Entertainment PLC (NYSE:FLUT) by 437.2% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 48,881 shares of the company’s stock after acquiring an additional 39,782 shares during the quarter. Ossiam’s holdings in Flutter Entertainment were worth $13,943,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of FLUT. Blair William & Co. IL grew its holdings in Flutter Entertainment by 13.6% during the first quarter. Blair William & Co. IL now owns 987 shares of the company’s stock worth $219,000 after purchasing an additional 118 shares during the period. Charles Schwab Investment Management Inc. boosted its stake in shares of Flutter Entertainment by 7.5% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 711,097 shares of the company’s stock worth $157,544,000 after acquiring an additional 49,796 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. increased its holdings in shares of Flutter Entertainment by 12.7% during the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 143,420 shares of the company’s stock worth $31,775,000 after acquiring an additional 16,119 shares during the last quarter. Virtu Financial LLC bought a new stake in Flutter Entertainment in the 1st quarter valued at $368,000. Finally, Aigen Investment Management LP acquired a new stake in Flutter Entertainment during the 1st quarter valued at $846,000.

Flutter Entertainment Price Performance

Shares of NYSE FLUT opened at $207.98 on Monday. The business has a fifty day moving average price of $228.17 and a two-hundred day moving average price of $263.92. The stock has a market capitalization of $36.43 billion, a PE ratio of -159.98 and a beta of 1.93. The company has a debt-to-equity ratio of 1.27, a current ratio of 0.96 and a quick ratio of 0.96. Flutter Entertainment PLC has a fifty-two week low of $189.33 and a fifty-two week high of $313.68.

Analysts Set New Price Targets

FLUT has been the topic of several research reports. Wells Fargo & Company initiated coverage on shares of Flutter Entertainment in a report on Tuesday, November 18th. They issued an “overweight” rating and a $272.00 price objective on the stock. HSBC upgraded Flutter Entertainment from a “hold” rating to a “buy” rating and reduced their price objective for the stock from $265.00 to $228.00 in a report on Monday, November 24th. Hsbc Global Res upgraded Flutter Entertainment from a “hold” rating to a “strong-buy” rating in a research note on Monday, November 24th. Citigroup reduced their price target on Flutter Entertainment from $340.00 to $320.00 and set a “buy” rating for the company in a research note on Friday, November 28th. Finally, Oppenheimer lowered their price objective on Flutter Entertainment from $350.00 to $330.00 and set an “outperform” rating on the stock in a research report on Tuesday, October 14th. Three investment analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $310.05.

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.