Aberdeen Group plc Buys 113,311 Shares of Flutter Entertainment PLC $FLUT

Aberdeen Group plc increased its stake in shares of Flutter Entertainment PLC (NYSE:FLUT) by 879.9% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 126,189 shares of the company’s stock after purchasing an additional 113,311 shares during the period. Aberdeen Group plc owned approximately 0.07% of Flutter Entertainment worth $32,052,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. ORG Partners LLC increased its stake in shares of Flutter Entertainment by 43.0% in the 3rd quarter. ORG Partners LLC now owns 143 shares of the company’s stock valued at $36,000 after acquiring an additional 43 shares during the last quarter. MML Investors Services LLC grew its holdings in Flutter Entertainment by 0.6% during the second quarter. MML Investors Services LLC now owns 7,081 shares of the company’s stock valued at $2,024,000 after purchasing an additional 45 shares during the period. Versant Capital Management Inc increased its stake 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 purchasing an additional 50 shares in the last quarter. Stratos Wealth Partners LTD. raised its holdings in Flutter Entertainment by 5.7% in the third quarter. Stratos Wealth Partners LTD. now owns 1,074 shares of the company’s stock worth $273,000 after purchasing an additional 58 shares during the period. Finally, Hohimer Wealth Management LLC raised its holdings in Flutter Entertainment by 1.3% in the second quarter. Hohimer Wealth Management LLC now owns 4,567 shares of the company’s stock worth $1,305,000 after purchasing an additional 60 shares during the period.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on FLUT shares. BTIG Research lowered their price objective on shares of Flutter Entertainment from $281.00 to $230.00 and set a “buy” rating for the company in a research report on Tuesday, January 27th. Barclays lowered their price target on Flutter Entertainment from $307.00 to $304.00 and set an “overweight” rating for the company in a report on Friday, January 23rd. Citigroup reiterated an “outperform” rating on shares of Flutter Entertainment in a report on Monday, January 5th. Canaccord Genuity Group lowered their target price on Flutter Entertainment from $300.00 to $270.00 and set a “buy” rating for the company in a research note on Tuesday, February 3rd. Finally, Stifel Nicolaus cut their price target on shares of Flutter Entertainment from $304.00 to $259.00 and set a “buy” rating on the stock in a research note on Friday, January 30th. Three investment analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, five have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $272.48.

Flutter Entertainment Price Performance

Shares of NYSE FLUT opened at $125.23 on Tuesday. The company has a debt-to-equity ratio of 1.27, a current ratio of 0.96 and a quick ratio of 0.96. The business has a 50-day moving average of $192.33 and a 200-day moving average of $234.08. The stock has a market capitalization of $21.94 billion, a price-to-earnings ratio of -96.33 and a beta of 1.89. Flutter Entertainment PLC has a fifty-two week low of $122.55 and a fifty-two week high of $313.68.

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.