Oak Associates Ltd. OH Buys New Shares in Flutter Entertainment plc (NYSE:FLUT)

Oak Associates Ltd. OH purchased a new stake in shares of Flutter Entertainment plc (NYSE:FLUT) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 12,371 shares of the company’s stock, valued at approximately $3,197,000.

A number of other hedge funds have also recently bought and sold shares of FLUT. Harvest Fund Management Co. Ltd acquired a new position in shares of Flutter Entertainment during the 4th quarter worth about $25,000. Farther Finance Advisors LLC grew its holdings in Flutter Entertainment by 585.7% during the fourth quarter. Farther Finance Advisors LLC now owns 96 shares of the company’s stock worth $25,000 after purchasing an additional 82 shares during the period. Raleigh Capital Management Inc. acquired a new position in Flutter Entertainment during the fourth quarter worth approximately $26,000. BOCHK Asset Management Ltd bought a new stake in Flutter Entertainment in the fourth quarter valued at approximately $26,000. Finally, IFP Advisors Inc raised its stake in Flutter Entertainment by 244.1% in the fourth quarter. IFP Advisors Inc now owns 117 shares of the company’s stock valued at $31,000 after buying an additional 83 shares during the period.

Flutter Entertainment Stock Performance

Shares of FLUT stock opened at $229.56 on Friday. The firm has a market capitalization of $40.74 billion and a price-to-earnings ratio of 1,043.43. The company has a current ratio of 0.89, a quick ratio of 0.89 and a debt-to-equity ratio of 0.66. The business’s 50-day moving average price is $251.27 and its 200-day moving average price is $253.37. Flutter Entertainment plc has a 12 month low of $174.03 and a 12 month high of $299.73.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on FLUT. Citigroup reiterated an “outperform” rating on shares of Flutter Entertainment in a research note on Wednesday, March 5th. Peel Hunt raised shares of Flutter Entertainment from a “hold” rating to an “add” rating in a research report on Monday, March 10th. Macquarie reissued an “outperform” rating and issued a $340.00 price objective on shares of Flutter Entertainment in a research report on Wednesday, March 5th. BTIG Research set a $323.00 target price on shares of Flutter Entertainment in a report on Monday, February 3rd. Finally, Wells Fargo & Company increased their price objective on Flutter Entertainment from $285.00 to $300.00 and gave the stock an “overweight” rating in a research report on Wednesday, March 5th. Nineteen investment 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, Flutter Entertainment currently has an average rating of “Buy” and an average price target of $311.41.

Insider Activity

In other Flutter Entertainment news, Director Jeremy Peter Jackson sold 25,027 shares of the business’s stock in a transaction that occurred on 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 sale, the director now directly owns 21,148 shares of the company’s stock, valued at $5,539,930.08. The trade was a 54.20 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Amy Howe sold 11,814 shares of the firm’s stock in a transaction on 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 transaction, the chief executive officer now directly owns 62,941 shares of the company’s stock, valued at $16,396,130.50. The trade was a 15.80 % decrease in their position. The disclosure for this sale can be found here.

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.