Allstate Corp Purchases New Position in Flutter Entertainment PLC $FLUT

Allstate Corp acquired a new stake in shares of Flutter Entertainment PLC (NYSE:FLUT) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 6,778 shares of the company’s stock, valued at approximately $1,722,000.

Other large investors have also recently modified their holdings of the company. ORG Partners LLC increased its position in shares of Flutter Entertainment by 300.0% during the second quarter. ORG Partners LLC now owns 100 shares of the company’s stock valued at $28,000 after acquiring an additional 75 shares in the last quarter. Barrett & Company Inc. bought a new stake in Flutter Entertainment during the 2nd quarter valued at approximately $29,000. JCIC Asset Management Inc. purchased a new position in Flutter Entertainment during the third quarter valued at $32,000. Signaturefd LLC grew its holdings in Flutter Entertainment by 98.5% during the 2nd quarter. Signaturefd LLC now owns 129 shares of the company’s stock valued at $37,000 after buying an additional 64 shares in the last quarter. Finally, Allworth Financial LP increased its holdings in shares of Flutter Entertainment by 116.4% in the 2nd quarter. Allworth Financial LP now owns 145 shares of the company’s stock worth $41,000 after buying an additional 78 shares during the last quarter.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on FLUT shares. HSBC raised shares of Flutter Entertainment from a “hold” rating to a “buy” rating and dropped their price target for the stock from $265.00 to $228.00 in a research note on Monday, November 24th. Citizens Jmp increased their price target on shares of Flutter Entertainment from $311.00 to $313.00 and gave the company a “market outperform” rating in a research report on Monday, January 5th. Sanford C. Bernstein reduced their target price on Flutter Entertainment from $245.00 to $225.00 and set a “market perform” rating on the stock in a research report on Thursday, January 15th. Hsbc Global Res upgraded Flutter Entertainment from a “hold” rating to a “strong-buy” rating in a research note on Monday, November 24th. Finally, Texas Capital raised Flutter Entertainment to a “strong-buy” rating in a research report on Thursday, January 8th. Three research analysts have rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, five have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $298.35.

Flutter Entertainment Stock Down 2.3%

FLUT stock opened at $184.17 on Wednesday. The firm’s 50 day moving average price is $209.44 and its 200-day moving average price is $252.88. Flutter Entertainment PLC has a one year low of $179.50 and a one year high of $313.68. The company has a debt-to-equity ratio of 1.27, a quick ratio of 0.96 and a current ratio of 0.96. The firm has a market cap of $32.27 billion, a PE ratio of -141.67 and a beta of 1.88.

Flutter Entertainment Company 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.