Robeco Institutional Asset Management B.V. Acquires 9,724 Shares of Flutter Entertainment plc (NYSE:FLUT)

Robeco Institutional Asset Management B.V. raised its stake in Flutter Entertainment plc (NYSE:FLUT - Free Report) by 47.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 30,375 shares of the company's stock after acquiring an additional 9,724 shares during the period. Robeco Institutional Asset Management B.V.'s holdings in Flutter Entertainment were worth $7,850,000 as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in the stock. Raleigh Capital Management Inc. acquired a new position in Flutter Entertainment during the 4th quarter valued at about $26,000. Harbor Investment Advisory LLC grew its stake in shares of Flutter Entertainment by 64.1% in the fourth quarter. Harbor Investment Advisory LLC now owns 128 shares of the company's stock worth $33,000 after purchasing an additional 50 shares in the last quarter. UMB Bank n.a. raised its stake in shares of Flutter Entertainment by 58.8% during the fourth quarter. UMB Bank n.a. now owns 135 shares of the company's stock valued at $35,000 after purchasing an additional 50 shares in the last quarter. Geneos Wealth Management Inc. acquired a new stake in shares of Flutter Entertainment in the 4th quarter worth approximately $39,000. Finally, US Bancorp DE lifted its position in Flutter Entertainment by 71.7% in the third quarter. US Bancorp DE now owns 237 shares of the company's stock worth $56,000 after purchasing an additional 99 shares during the period.

Analysts Set New Price Targets

Several equities research analysts have commented on the stock. Stifel Nicolaus assumed coverage on shares of Flutter Entertainment in a research report on Friday, January 17th. They issued a "buy" rating and a $320.00 price target on the stock. Needham & Company LLC restated a "buy" rating and issued a $300.00 price target on shares of Flutter Entertainment in a research report on Wednesday, January 8th. The Goldman Sachs Group started coverage on Flutter Entertainment in a research report on Friday, November 22nd. They set a "buy" rating and a $320.00 price objective for the company. Macquarie initiated coverage on Flutter Entertainment in a research report on Wednesday, December 11th. They set an "outperform" rating and a $340.00 target price on the stock. Finally, Oppenheimer boosted their price objective on Flutter Entertainment from $300.00 to $305.00 and gave the stock an "outperform" rating in a report on Wednesday, November 13th. Seventeen investment 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, Flutter Entertainment currently has a consensus rating of "Buy" and an average target price of $305.38.

Flutter Entertainment Stock Down 1.9 %

NYSE:FLUT traded down $5.06 during mid-day trading on Friday, reaching $266.93. The stock had a trading volume of 1,068,802 shares, compared to its average volume of 1,100,591. The business's 50 day moving average is $266.52 and its 200 day moving average is $237.82. The company has a current ratio of 0.89, a quick ratio of 0.89 and a debt-to-equity ratio of 0.66. Flutter Entertainment plc has a fifty-two week low of $174.03 and a fifty-two week high of $284.79.

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.