Eschler Asset Management LLP Makes New Investment in Flutter Entertainment PLC $FLUT

Eschler Asset Management LLP purchased a new stake in Flutter Entertainment PLC (NYSE:FLUT) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 4,726 shares of the company’s stock, valued at approximately $1,351,000. Flutter Entertainment makes up 1.0% of Eschler Asset Management LLP’s investment portfolio, making the stock its 24th biggest holding.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Virtu Financial LLC bought a new position in Flutter Entertainment in the 1st quarter worth about $368,000. National Pension Service increased its position in shares of Flutter Entertainment by 2.0% during the first quarter. National Pension Service now owns 221,894 shares of the company’s stock valued at $49,161,000 after buying an additional 4,394 shares during the period. Tokio Marine Asset Management Co. Ltd. lifted its holdings in shares of Flutter Entertainment by 3.0% in the first quarter. Tokio Marine Asset Management Co. Ltd. now owns 6,089 shares of the company’s stock worth $1,349,000 after buying an additional 177 shares in the last quarter. Boston Partners purchased a new stake in shares of Flutter Entertainment in the first quarter worth about $966,000. Finally, Fox Run Management L.L.C. bought a new position in shares of Flutter Entertainment in the first quarter valued at approximately $895,000.

Flutter Entertainment Stock Up 1.1%

FLUT opened at $222.60 on Friday. The business’s fifty day simple moving average is $224.11 and its 200 day simple moving average is $262.83. Flutter Entertainment PLC has a 52 week low of $189.33 and a 52 week high of $313.68. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 1.27. The stock has a market cap of $39.00 billion, a PE ratio of -171.23 and a beta of 1.92.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the stock. Citizens Jmp decreased their target price on shares of Flutter Entertainment from $345.00 to $311.00 and set a “market outperform” rating on the stock in a report on Thursday. Canaccord Genuity Group cut their price target on shares of Flutter Entertainment from $340.00 to $300.00 and set a “buy” rating for the company in a report on Thursday, November 13th. Truist Financial decreased their price target on shares of Flutter Entertainment from $335.00 to $305.00 and set a “buy” rating on the stock in a report on Thursday, November 13th. JMP Securities lowered their price objective on Flutter Entertainment from $345.00 to $340.00 and set a “market outperform” rating on the stock in a research report on Wednesday, October 1st. Finally, Kepler Capital Markets raised Flutter Entertainment to a “strong-buy” rating in a research note on Thursday, August 28th. Three investment analysts have rated the stock with a Strong Buy rating, seventeen have given a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $304.60.

About Flutter Entertainment

Flutter Entertainment plc operates as a sports betting and gaming company in the United Kingdom, Ireland, Australia, the United States, Italy, and internationally. The company operates through four segments: UK & Ireland, Australia, International, and US. It offers sports betting, iGaming, daily fantasy sports, online racing wagering, and TV broadcasting products; sportsbooks and exchange sports betting products, and gaming products; and online sports betting.