Sun Sep 15 14:46:52 UTC 2024: ## DekaBank Increases Stake in Flutter Entertainment, Other Hedge Funds Show Interest

**New York, NY** – DekaBank Deutsche Girozentrale, a German investment firm, has increased its stake in Flutter Entertainment plc (NYSE: FLUT) by 14.4% during the second quarter, according to its recent SEC filing. The firm now owns 128,980 shares, worth $23,363,000, after purchasing an additional 16,217 shares.

DekaBank’s move follows a trend of other hedge funds showing interest in Flutter Entertainment. Hollencrest Capital Management, Assenagon Asset Management S.A., Rothschild Investment LLC, CWM LLC, and YHB Investment Advisors Inc. all acquired new stakes or increased their holdings in the company during recent quarters.

Flutter Entertainment, a leading sports betting and gaming company, operates in several major markets including the UK, Ireland, Australia, the US, and Italy. The company offers a wide range of products, from sports betting and iGaming to daily fantasy sports and TV broadcasting.

Analysts remain optimistic about the company’s future. Wells Fargo, Benchmark, Oppenheimer, Susquehanna, and JMP Securities all raised their target price on Flutter Entertainment shares in recent research reports. Overall, MarketBeat reports an average “Buy” rating for FLUT with an average target price of $246.44.

Shares of FLUT opened at $221.47 on Friday, demonstrating a strong performance in recent months. The company’s stock has experienced significant growth in the past year, reaching a one-year high of $226.40.

Investors are encouraged to visit HoldingsChannel.com for the latest 13F filings and insider trades related to Flutter Entertainment.

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