Nordflint Capital Partners Fondsmaeglerselskab A S Has $187.57 Million Stock Position in Flutter Entertainment PLC $FLUT

Nordflint Capital Partners Fondsmaeglerselskab A S decreased its stake in shares of Flutter Entertainment PLC (NYSE:FLUT) by 6.4% during the second quarter, HoldingsChannel.com reports. The fund owned 1,835,898 shares of the company’s stock after selling 126,400 shares during the period. Flutter Entertainment makes up 100.0% of Nordflint Capital Partners Fondsmaeglerselskab A S’s holdings, making the stock its largest position. Nordflint Capital Partners Fondsmaeglerselskab A S’s holdings in Flutter Entertainment were worth $187,574,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in the stock. Zions Bancorporation National Association UT boosted its position in Flutter Entertainment by 1,685.7% during the fourth quarter. Zions Bancorporation National Association UT now owns 125 shares of the company’s stock worth $27,000 after purchasing an additional 118 shares during the period. EFG International AG acquired a new position in Flutter Entertainment during the fourth quarter valued at approximately $36,000. IFP Advisors Inc raised its position in shares of Flutter Entertainment by 93.8% in the fourth quarter. IFP Advisors Inc now owns 186 shares of the company’s stock valued at $40,000 after purchasing an additional 90 shares during the period. Towarzystwo Funduszy Inwestycyjnych PZU SA raised its position in shares of Flutter Entertainment by 83.3% in the third quarter. Towarzystwo Funduszy Inwestycyjnych PZU SA now owns 165 shares of the company’s stock valued at $42,000 after purchasing an additional 75 shares during the period. Finally, LM Advisors LLC acquired a new stake in shares of Flutter Entertainment in the fourth quarter worth $46,000.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on FLUT. Jefferies Financial Group reaffirmed a “buy” rating and set a $180.00 price objective on shares of Flutter Entertainment in a report on Sunday, August 9th. Freedom Capital upgraded shares of Flutter Entertainment to a “hold” rating in a report on Monday, June 22nd. Wolfe Research initiated coverage on shares of Flutter Entertainment in a research report on Wednesday, September 2nd. They set an “outperform” rating and a $150.00 target price for the company. JPMorgan Chase & Co. began coverage on shares of Flutter Entertainment in a report on Wednesday, August 12th. They set a “neutral” rating and a $114.00 price target for the company. Finally, Sanford C. Bernstein reaffirmed a “market perform” rating on shares of Flutter Entertainment in a research report on Thursday. Two investment analysts have rated the stock with a Strong Buy rating, seventeen have given a Buy rating, eight have issued a Hold rating and three have given a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $156.88.

Insiders Place Their Bets

In other Flutter Entertainment news, CEO Daniel Taylor sold 791 shares of the company’s stock in a transaction that occurred on Tuesday, September 1st. The stock was sold at an average price of $97.86, for a total value of $77,407.26. Following the completion of the transaction, the chief executive officer owned 52,467 shares of the company’s stock, valued at $5,134,420.62. This represents a 1.49% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, COO James Bishop sold 741 shares of the firm’s stock in a transaction that occurred on Tuesday, September 1st. The stock was sold at an average price of $97.86, for a total value of $72,514.26. Following the completion of the sale, the chief operating officer owned 16,864 shares of the company’s stock, valued at $1,650,311.04. This represents a 4.21% decrease in their position. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold 6,681 shares of company stock valued at $644,214 in the last quarter. 0.13% of the stock is currently owned by insiders.

Flutter Entertainment Trading Up 0.2%

Shares of FLUT stock opened at $100.32 on Tuesday. The firm has a market capitalization of $17.41 billion, a P/E ratio of -23.33, a price-to-earnings-growth ratio of 2.54 and a beta of 1.26. Flutter Entertainment PLC has a 1 year low of $89.71 and a 1 year high of $297.23. The firm’s fifty day simple moving average is $102.56 and its 200 day simple moving average is $104.42. The company has a current ratio of 0.89, a quick ratio of 0.89 and a debt-to-equity ratio of 1.32.

Flutter Entertainment (NYSE:FLUT) last issued its quarterly earnings results on Thursday, August 6th. The company reported $0.49 earnings per share for the quarter, missing analysts’ consensus estimates of $0.54 by ($0.05). Flutter Entertainment had a negative net margin of 4.39% and a positive return on equity of 7.27%. The company had revenue of $4.33 billion during the quarter, compared to the consensus estimate of $4.24 billion. During the same period last year, the company earned $2.95 earnings per share. Flutter Entertainment’s revenue for the quarter was up 3.3% on a year-over-year basis. As a group, sell-side analysts predict that Flutter Entertainment PLC will post 3.48 EPS for the current year.

Flutter Entertainment Profile

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.