ANTIPODES PARTNERS Ltd Cuts Stock Position in Flutter Entertainment PLC $FLUT

ANTIPODES PARTNERS Ltd lowered its holdings in shares of Flutter Entertainment PLC (NYSE:FLUT) by 34.0% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 78,078 shares of the company’s stock after selling 40,173 shares during the quarter. ANTIPODES PARTNERS Ltd’s holdings in Flutter Entertainment were worth $20,330,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. CenterBook Partners LP raised its position in shares of Flutter Entertainment by 723.5% during the 3rd quarter. CenterBook Partners LP now owns 13,967 shares of the company’s stock valued at $3,548,000 after buying an additional 12,271 shares in the last quarter. Syon Capital LLC grew its position in Flutter Entertainment by 19.0% in the third quarter. Syon Capital LLC now owns 1,021 shares of the company’s stock worth $259,000 after acquiring an additional 163 shares in the last quarter. Advisors Capital Management LLC bought a new stake in Flutter Entertainment during the third quarter worth approximately $3,419,000. Axxcess Wealth Management LLC raised its position in Flutter Entertainment by 23.8% during the third quarter. Axxcess Wealth Management LLC now owns 2,588 shares of the company’s stock valued at $657,000 after purchasing an additional 497 shares during the period. Finally, Skandinaviska Enskilda Banken AB publ bought a new stake in shares of Flutter Entertainment in the 3rd quarter valued at approximately $1,352,000.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the company. Susquehanna reissued a “positive” rating and set a $228.00 target price on shares of Flutter Entertainment in a research report on Tuesday, January 27th. Truist Financial set a $260.00 price objective on shares of Flutter Entertainment in a research note on Tuesday, January 13th. Benchmark cut their price objective on shares of Flutter Entertainment from $310.00 to $285.00 and set a “buy” rating on the stock in a research report on Monday, December 1st. BTIG Research reduced their target price on shares of Flutter Entertainment from $281.00 to $230.00 and set a “buy” rating on the stock in a research note on Tuesday, January 27th. Finally, Sanford C. Bernstein restated a “market perform” rating and issued a $170.00 target price on shares of Flutter Entertainment in a report on Friday, February 6th. Three analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, five have assigned a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, Flutter Entertainment currently has a consensus rating of “Moderate Buy” and an average target price of $269.10.

Flutter Entertainment Stock Down 0.9%

NYSE:FLUT opened at $121.07 on Friday. The company has a debt-to-equity ratio of 1.27, a current ratio of 0.96 and a quick ratio of 0.96. Flutter Entertainment PLC has a 1-year low of $119.47 and a 1-year high of $313.68. The company has a 50-day moving average of $184.65 and a 200 day moving average of $230.07. The firm has a market cap of $21.21 billion, a PE ratio of -93.13 and a beta of 1.88.

Flutter Entertainment 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.