Flutter Entertainment PLC $FLUT Stake Trimmed by Wilson Asset Management International PTY Ltd.

Wilson Asset Management International PTY Ltd. cut its position in shares of Flutter Entertainment PLC (NYSE:FLUT) by 17.8% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 30,898 shares of the company’s stock after selling 6,675 shares during the quarter. Flutter Entertainment accounts for 1.9% of Wilson Asset Management International PTY Ltd.’s portfolio, making the stock its 23rd largest position. Wilson Asset Management International PTY Ltd.’s holdings in Flutter Entertainment were worth $7,848,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Oppenheimer Asset Management Inc. lifted its position in shares of Flutter Entertainment by 11.5% in the 3rd quarter. Oppenheimer Asset Management Inc. now owns 7,660 shares of the company’s stock valued at $1,946,000 after acquiring an additional 793 shares in the last quarter. Smartleaf Asset Management LLC raised its stake in Flutter Entertainment by 194.0% during the 3rd quarter. Smartleaf Asset Management LLC now owns 441 shares of the company’s stock valued at $112,000 after purchasing an additional 291 shares during the period. Wellington Shields & Co. LLC lifted its holdings in shares of Flutter Entertainment by 10.1% in the third quarter. Wellington Shields & Co. LLC now owns 3,537 shares of the company’s stock valued at $898,000 after purchasing an additional 325 shares in the last quarter. Bessemer Group Inc. boosted its position in shares of Flutter Entertainment by 1.0% in the third quarter. Bessemer Group Inc. now owns 398,109 shares of the company’s stock worth $101,119,000 after buying an additional 3,967 shares during the period. Finally, Savant Capital LLC grew its holdings in shares of Flutter Entertainment by 4.5% during the third quarter. Savant Capital LLC now owns 3,321 shares of the company’s stock valued at $844,000 after buying an additional 142 shares in the last quarter.

Flutter Entertainment Stock Performance

Shares of FLUT opened at $152.56 on Monday. The firm has a market cap of $26.73 billion, a price-to-earnings ratio of -117.35 and a beta of 1.89. The company’s fifty day moving average is $200.64 and its 200-day moving average is $240.99. 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 12 month low of $148.10 and a 12 month high of $313.68.

Flutter Entertainment (NYSE:FLUT) last released its quarterly earnings data on Wednesday, November 12th. The company reported $1.64 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.39 by $1.25. The business had revenue of $3.79 billion during the quarter, compared to analyst estimates of $2.92 billion. Flutter Entertainment had a negative net margin of 0.95% and a positive return on equity of 14.42%. Flutter Entertainment’s quarterly revenue was up 16.8% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.27 EPS. Equities analysts expect that Flutter Entertainment PLC will post 4.17 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts have commented on the company. Stifel Nicolaus decreased their price objective on Flutter Entertainment from $304.00 to $259.00 and set a “buy” rating for the company in a research report on Friday, January 30th. Susquehanna restated a “positive” rating and set a $228.00 price target on shares of Flutter Entertainment in a report on Tuesday, January 27th. Oppenheimer set a $280.00 price objective on shares of Flutter Entertainment in a research note on Thursday, January 29th. Citigroup reiterated an “outperform” rating on shares of Flutter Entertainment in a research report on Monday, January 5th. Finally, Texas Capital upgraded shares of Flutter Entertainment to a “strong-buy” rating in a report on Thursday, January 8th. Three investment analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating, five have given a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat, Flutter Entertainment presently has an average rating of “Moderate Buy” and a consensus target price of $273.43.

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.