Capital International Investors Buys 153,390 Shares of Flutter Entertainment PLC $FLUT

Capital International Investors lifted its stake in shares of Flutter Entertainment PLC (NYSE:FLUT) by 4.9% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 3,256,764 shares of the company’s stock after buying an additional 153,390 shares during the quarter. Capital International Investors owned about 1.85% of Flutter Entertainment worth $827,841,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently bought and sold shares of the stock. Bank of Montreal Can lifted its holdings in Flutter Entertainment by 25.3% in the third quarter. Bank of Montreal Can now owns 225,156 shares of the company’s stock worth $57,190,000 after buying an additional 45,445 shares during the period. Legal & General Group Plc grew its holdings in shares of Flutter Entertainment by 5.4% during the 3rd quarter. Legal & General Group Plc now owns 929,734 shares of the company’s stock worth $236,627,000 after acquiring an additional 47,367 shares during the period. Russell Investments Group Ltd. raised its position in shares of Flutter Entertainment by 33.1% in the 3rd quarter. Russell Investments Group Ltd. now owns 33,808 shares of the company’s stock worth $8,599,000 after acquiring an additional 8,415 shares in the last quarter. Gerber Kawasaki Wealth & Investment Management lifted its stake in shares of Flutter Entertainment by 13.7% in the 3rd quarter. Gerber Kawasaki Wealth & Investment Management now owns 7,110 shares of the company’s stock valued at $1,806,000 after purchasing an additional 859 shares during the period. Finally, Jefferies Financial Group Inc. lifted its stake in shares of Flutter Entertainment by 29.2% in the 3rd quarter. Jefferies Financial Group Inc. now owns 9,715 shares of the company’s stock valued at $2,468,000 after purchasing an additional 2,197 shares during the period.

Flutter Entertainment Trading Down 1.9%

NYSE FLUT opened at $107.28 on Wednesday. Flutter Entertainment PLC has a 12 month low of $99.96 and a 12 month high of $313.68. The stock has a market cap of $18.81 billion, a P/E ratio of -59.60, a P/E/G ratio of 0.75 and a beta of 2.30. The stock’s fifty day moving average price is $159.01 and its 200-day moving average price is $213.81. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 1.31.

Flutter Entertainment (NYSE:FLUT) last announced its quarterly earnings results on Thursday, February 26th. The company reported $1.74 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.11 by ($0.37). Flutter Entertainment had a positive return on equity of 12.12% and a negative net margin of 1.89%.The firm had revenue of $4.74 billion during the quarter, compared to the consensus estimate of $4.87 billion. During the same quarter in the previous year, the firm earned $2.94 EPS. The business’s revenue for the quarter was up 24.9% on a year-over-year basis. As a group, equities analysts forecast that Flutter Entertainment PLC will post 4.17 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on FLUT shares. Citizens Jmp reduced their price target on Flutter Entertainment from $275.00 to $195.00 and set a “market outperform” rating on the stock in a research note on Friday, February 27th. Morgan Stanley dropped their target price on shares of Flutter Entertainment from $352.00 to $315.00 and set an “overweight” rating on the stock in a report on Friday, December 12th. Oppenheimer reduced their target price on shares of Flutter Entertainment from $280.00 to $210.00 and set an “outperform” rating on the stock in a research report on Thursday, February 26th. Stifel Nicolaus decreased their price target on shares of Flutter Entertainment from $304.00 to $259.00 and set a “buy” rating for the company in a research note on Friday, January 30th. Finally, Needham & Company LLC lowered their price target on shares of Flutter Entertainment from $300.00 to $150.00 and set a “buy” rating for the company in a research report on Friday, February 27th. Three investment analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, five have given a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, Flutter Entertainment presently has a consensus rating of “Moderate Buy” and a consensus price target of $234.65.

About Flutter Entertainment

Flutter Entertainment plc is a global sports betting and gaming company that operates a portfolio of consumer-facing brands and digital platforms. The company’s primary activities include online sports betting, casino gaming, poker, and daily fantasy sports, delivered through web and mobile applications as well as retail betting locations in select markets. Flutter focuses on product development, customer acquisition and engagement, and compliance with local gambling regulations across the jurisdictions where it operates.

Flutter’s brand portfolio includes well-known names in different regional markets, such as FanDuel in the United States, PokerStars, Betfair, Paddy Power and Sky Betting & Gaming in Europe and elsewhere.