Vanguard Group Inc. Boosts Holdings in Flutter Entertainment PLC $FLUT

Vanguard Group Inc. lifted its position in shares of Flutter Entertainment PLC (NYSE:FLUT) by 1.7% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 17,559,354 shares of the company’s stock after buying an additional 301,879 shares during the period. Vanguard Group Inc. owned approximately 0.10% of Flutter Entertainment worth $4,460,076,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently added to or reduced their stakes in the company. ORG Partners LLC raised its position in Flutter Entertainment by 43.0% in the third quarter. ORG Partners LLC now owns 143 shares of the company’s stock valued at $36,000 after purchasing an additional 43 shares during the period. MML Investors Services LLC raised its holdings in Flutter Entertainment by 0.6% in the 2nd quarter. MML Investors Services LLC now owns 7,081 shares of the company’s stock valued at $2,024,000 after buying an additional 45 shares during the period. Versant Capital Management Inc lifted its position in Flutter Entertainment by 5.6% in the third quarter. Versant Capital Management Inc now owns 943 shares of the company’s stock valued at $240,000 after buying an additional 50 shares during the last quarter. Stratos Wealth Partners LTD. boosted its stake in Flutter Entertainment by 5.7% during the third quarter. Stratos Wealth Partners LTD. now owns 1,074 shares of the company’s stock worth $273,000 after buying an additional 58 shares during the period. Finally, Hohimer Wealth Management LLC increased its position in shares of Flutter Entertainment by 1.3% during the second quarter. Hohimer Wealth Management LLC now owns 4,567 shares of the company’s stock valued at $1,305,000 after acquiring an additional 60 shares during the last quarter.

Analysts Set New Price Targets

FLUT has been the subject of a number of research analyst reports. Citizens Jmp lowered their price objective on shares of Flutter Entertainment from $313.00 to $275.00 and set a “market outperform” rating for the company in a research report on Thursday, January 22nd. Barclays lowered their price target on Flutter Entertainment from $307.00 to $304.00 and set an “overweight” rating for the company in a research report on Friday, January 23rd. Zacks Research downgraded Flutter Entertainment from a “hold” rating to a “strong sell” rating in a report on Monday, January 19th. Texas Capital raised Flutter Entertainment to a “strong-buy” rating in a research report on Thursday, January 8th. Finally, UBS Group cut their price target on shares of Flutter Entertainment from $320.00 to $300.00 and set a “buy” rating on the stock in a research note on Tuesday, February 10th. Three investment analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, five have assigned a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, Flutter Entertainment presently has a consensus rating of “Moderate Buy” and an average price target of $269.10.

Flutter Entertainment Trading Down 1.0%

NYSE:FLUT opened at $123.89 on Wednesday. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 1.27. Flutter Entertainment PLC has a 52-week low of $122.55 and a 52-week high of $313.68. The stock’s 50 day moving average price is $190.49 and its 200 day moving average price is $232.85. The company has a market capitalization of $21.71 billion, a PE ratio of -95.30 and a beta of 1.88.

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.