Oak Associates Ltd. OH Invests $3.20 Million in Flutter Entertainment plc (NYSE:FLUT)

Oak Associates Ltd. OH bought a new stake in shares of Flutter Entertainment plc (NYSE:FLUT - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 12,371 shares of the company's stock, valued at approximately $3,197,000.

Other hedge funds have also recently modified their holdings of the company. Jennison Associates LLC purchased a new position in shares of Flutter Entertainment during the fourth quarter worth $239,306,000. Vestcor Inc acquired a new stake in Flutter Entertainment during the 3rd quarter worth $815,000. DJE Kapital AG acquired a new stake in shares of Flutter Entertainment in the 4th quarter valued at about $442,000. Benson Investment Management Company Inc. purchased a new position in shares of Flutter Entertainment during the fourth quarter worth approximately $5,116,000. Finally, Sanctuary Advisors LLC acquired a new position in Flutter Entertainment in the third quarter valued at $802,000.

Insider Transactions at Flutter Entertainment

In related news, Director Jeremy Peter Jackson sold 25,027 shares of the business's stock in a transaction dated Thursday, March 6th. The shares were sold at an average price of $261.96, for a total transaction of $6,556,072.92. Following the transaction, the director now directly owns 21,148 shares in the company, valued at approximately $5,539,930.08. The trade was a 54.20 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO Amy Howe sold 11,814 shares of Flutter Entertainment stock in a transaction dated Thursday, March 6th. The shares were sold at an average price of $260.50, for a total transaction of $3,077,547.00. Following the sale, the chief executive officer now owns 62,941 shares of the company's stock, valued at approximately $16,396,130.50. This represents a 15.80 % decrease in their ownership of the stock. The disclosure for this sale can be found here.

Flutter Entertainment Trading Down 1.7 %

Shares of FLUT stock traded down $3.88 during trading hours on Wednesday, reaching $226.02. The company's stock had a trading volume of 847,683 shares, compared to its average volume of 1,741,237. Flutter Entertainment plc has a one year low of $174.03 and a one year high of $299.73. The stock has a market capitalization of $40.11 billion and a P/E ratio of 1,027.36. The firm's fifty day simple moving average is $249.21 and its 200 day simple moving average is $253.16. The company has a current ratio of 0.89, a quick ratio of 0.89 and a debt-to-equity ratio of 0.66.

Analyst Upgrades and Downgrades

FLUT has been the subject of several recent analyst reports. Barclays raised their price target on Flutter Entertainment from $301.00 to $308.00 and gave the company an "overweight" rating in a report on Wednesday, March 5th. Citizens Jmp cut their price target on Flutter Entertainment from $328.00 to $317.00 and set an "outperform" rating for the company in a report on Monday. Susquehanna dropped their price target on Flutter Entertainment from $317.00 to $315.00 and set a "positive" rating for the company in a research note on Wednesday, March 5th. Truist Financial began coverage on shares of Flutter Entertainment in a research note on Wednesday, February 26th. They set a "buy" rating and a $330.00 price objective on the stock. Finally, Benchmark upped their target price on Flutter Entertainment from $275.00 to $300.00 and gave the company a "buy" rating in a research report on Wednesday, March 5th. Twenty 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.com, the company currently has a consensus rating of "Buy" and an average price target of $312.06.

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.