Cambiar Investors LLC Has $77.46 Million Position in Flutter Entertainment PLC $FLUT

Cambiar Investors LLC increased its stake in shares of Flutter Entertainment PLC (NYSE:FLUT) by 13.2% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 304,962 shares of the company’s stock after acquiring an additional 35,578 shares during the quarter. Flutter Entertainment comprises approximately 3.5% of Cambiar Investors LLC’s holdings, making the stock its largest holding. Cambiar Investors LLC owned 0.17% of Flutter Entertainment worth $77,460,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the stock. Truist Financial Corp grew its position in Flutter Entertainment by 18.3% in the 3rd quarter. Truist Financial Corp now owns 2,530 shares of the company’s stock worth $643,000 after purchasing an additional 391 shares during the last quarter. Stablepoint Partners LLC bought a new stake in shares of Flutter Entertainment in the third quarter valued at about $989,000. Belpointe Asset Management LLC grew its position in Flutter Entertainment by 35.1% during the third quarter. Belpointe Asset Management LLC now owns 4,676 shares of the company’s stock worth $1,188,000 after buying an additional 1,216 shares in the last quarter. Fortis Capital Advisors LLC grew its position in Flutter Entertainment by 48.9% during the third quarter. Fortis Capital Advisors LLC now owns 3,463 shares of the company’s stock worth $880,000 after buying an additional 1,137 shares in the last quarter. Finally, Vanguard Personalized Indexing Management LLC increased its stake in Flutter Entertainment by 14.4% during the third quarter. Vanguard Personalized Indexing Management LLC now owns 13,651 shares of the company’s stock valued at $3,481,000 after acquiring an additional 1,721 shares during the period.

Analysts Set New Price Targets

FLUT has been the topic of several recent research reports. Susquehanna reissued a “positive” rating and set a $228.00 price objective on shares of Flutter Entertainment in a report on Tuesday. Benchmark decreased their price target on shares of Flutter Entertainment from $310.00 to $285.00 and set a “buy” rating on the stock in a research note on Monday, December 1st. Barclays dropped their price objective on shares of Flutter Entertainment from $307.00 to $304.00 and set an “overweight” rating for the company in a research note on Friday. Needham & Company LLC decreased their target price on shares of Flutter Entertainment from $325.00 to $300.00 and set a “buy” rating on the stock in a research report on Thursday, November 13th. Finally, Truist Financial set a $260.00 target price on shares of Flutter Entertainment in a research note on Tuesday, January 13th. Three investment analysts have rated the stock with a Strong Buy rating, seventeen have given a Buy rating, five have assigned a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $283.24.

Flutter Entertainment Trading Down 3.7%

FLUT opened at $168.19 on Wednesday. Flutter Entertainment PLC has a 1-year low of $167.23 and a 1-year high of $313.68. The stock has a market capitalization of $29.47 billion, a PE ratio of -129.37 and a beta of 1.88. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 1.27. The firm has a 50-day moving average price of $206.70 and a two-hundred day moving average price of $248.98.

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.