Assetmark Inc. Buys 1,136 Shares of Flutter Entertainment plc (NYSE:FLUT)

Assetmark Inc. lifted its position in shares of Flutter Entertainment plc (NYSE:FLUT - Free Report) by 8.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 14,813 shares of the company's stock after purchasing 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.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. Jennison Associates LLC bought a new stake in Flutter Entertainment in the 4th quarter valued at $239,306,000. Vestcor Inc bought a new stake in Flutter Entertainment in the 3rd quarter valued at $815,000. DJE Kapital AG bought a new stake in Flutter Entertainment in the 4th quarter valued at $442,000. Benson Investment Management Company Inc. bought a new stake in Flutter Entertainment in the 4th quarter valued at $5,116,000. Finally, Sanctuary Advisors LLC bought a new stake in Flutter Entertainment in the 3rd quarter valued at $802,000.

Analyst Ratings Changes

Several equities research analysts recently commented on the stock. Benchmark boosted 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. Susquehanna cut their price target on shares of Flutter Entertainment from $317.00 to $315.00 and set a "positive" rating on the stock in a research report on Wednesday. Wells Fargo & Company boosted their price target on shares of Flutter Entertainment from $285.00 to $300.00 and gave the stock an "overweight" rating in a research report on Wednesday. Craig Hallum boosted their price target on shares of Flutter Entertainment from $275.00 to $350.00 and gave the stock a "buy" rating in a research report on Wednesday, November 13th. Finally, 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 on the stock. Eighteen equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Buy" and a consensus price target of $311.41.

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Flutter Entertainment Stock Performance

Shares of NYSE:FLUT traded down $9.19 on Friday, reaching $248.02. 3,095,753 shares of the company's stock were exchanged, compared to its average volume of 1,588,790. The company has a fifty day moving average of $267.23 and a 200-day moving average of $251.35. Flutter Entertainment plc has a twelve month low of $174.03 and a twelve month high of $299.73. The company has a market capitalization of $44.02 billion and a price-to-earnings ratio of 1,127.38. The company has a current ratio of 0.89, a quick ratio of 0.89 and a debt-to-equity ratio of 0.66.

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.