Charles Schwab Investment Management Inc. Buys 38,800 Shares of Flutter Entertainment plc (NYSE:FLUT)

Charles Schwab Investment Management Inc. raised its stake in Flutter Entertainment plc (NYSE:FLUT) by 6.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 661,301 shares of the company’s stock after buying an additional 38,800 shares during the period. Charles Schwab Investment Management Inc. owned about 0.37% of Flutter Entertainment worth $170,913,000 at the end of the most recent quarter.

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

Flutter Entertainment Stock Down 3.6 %

Shares of Flutter Entertainment stock opened at $248.02 on Friday. The company has a debt-to-equity ratio of 0.66, a current ratio of 0.89 and a quick ratio of 0.89. The company has a 50-day moving average of $267.23 and a 200 day moving average of $251.02. The firm has a market cap of $44.02 billion and a price-to-earnings ratio of 1,127.38. Flutter Entertainment plc has a 1 year low of $174.03 and a 1 year high of $299.73.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on FLUT shares. UBS Group upped their price objective on shares of Flutter Entertainment from $335.00 to $340.00 and gave the company a “buy” rating in a research note on Thursday. Needham & Company LLC increased their price target on shares of Flutter Entertainment from $300.00 to $310.00 and gave the company a “buy” rating in a research report on Wednesday. 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 for the company. Susquehanna dropped their price target on shares of Flutter Entertainment from $317.00 to $315.00 and set a “positive” rating for the company in a research report on Wednesday. Finally, Benchmark increased their price target on shares of Flutter Entertainment from $275.00 to $300.00 and gave the company a “buy” rating in a research report on Wednesday. Eighteen research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, Flutter Entertainment currently has a consensus rating of “Buy” and a consensus price target of $311.41.

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.