Dnca Finance Cuts Stock Holdings in Flutter Entertainment PLC $FLUT

Dnca Finance lessened its holdings in shares of Flutter Entertainment PLC (NYSE:FLUT) by 42.2% in the second quarter, according to its most recent filing with the SEC. The firm owned 250,451 shares of the company’s stock after selling 182,494 shares during the quarter. Flutter Entertainment comprises approximately 5.4% of Dnca Finance’s holdings, making the stock its 4th largest position. Dnca Finance owned approximately 0.14% of Flutter Entertainment worth $70,838,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of FLUT. StoneX Group Inc. acquired a new stake in Flutter Entertainment in the second quarter worth about $217,000. Capula Management Ltd raised its position in shares of Flutter Entertainment by 4.1% during the 2nd quarter. Capula Management Ltd now owns 14,468 shares of the company’s stock worth $4,134,000 after buying an additional 575 shares in the last quarter. Baird Financial Group Inc. acquired a new stake in shares of Flutter Entertainment in the 2nd quarter worth approximately $391,000. Pertento Partners LLP boosted its holdings in shares of Flutter Entertainment by 1.7% in the second quarter. Pertento Partners LLP now owns 221,434 shares of the company’s stock valued at $63,277,000 after acquiring an additional 3,663 shares in the last quarter. Finally, EverSource Wealth Advisors LLC increased its stake in shares of Flutter Entertainment by 74.6% during the second quarter. EverSource Wealth Advisors LLC now owns 248 shares of the company’s stock valued at $71,000 after acquiring an additional 106 shares during the period.

Flutter Entertainment Stock Down 1.5%

Shares of Flutter Entertainment stock opened at $207.98 on Friday. Flutter Entertainment PLC has a 12-month low of $189.33 and a 12-month high of $313.68. The firm has a market capitalization of $36.43 billion, a PE ratio of -159.98 and a beta of 1.92. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 1.27. The stock’s fifty day moving average is $228.17 and its 200-day moving average is $263.76.

Analyst Upgrades and Downgrades

FLUT has been the subject of a number of research analyst reports. Hsbc Global Res upgraded Flutter Entertainment from a “hold” rating to a “strong-buy” rating in a research report on Monday, November 24th. Zacks Research upgraded Flutter Entertainment from a “strong sell” rating to a “hold” rating in a report on Monday, December 1st. BTIG Research lifted their target price on Flutter Entertainment from $271.00 to $281.00 and gave the stock a “buy” rating in a report on Friday. Truist Financial dropped their price target on shares of Flutter Entertainment from $335.00 to $305.00 and set a “buy” rating on the stock in a research report on Thursday, November 13th. Finally, Sanford C. Bernstein cut their price target on shares of Flutter Entertainment from $330.00 to $325.00 and set a “market perform” rating for the company in a report on Monday, November 3rd. Three analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $310.05.

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.