Voya Investment Management LLC Sells 192,383 Shares of Flutter Entertainment PLC $FLUT

Voya Investment Management LLC trimmed its position in shares of Flutter Entertainment PLC (NYSE:FLUT) by 54.1% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 163,145 shares of the company’s stock after selling 192,383 shares during the quarter. Voya Investment Management LLC’s holdings in Flutter Entertainment were worth $41,439,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently made changes to their positions in FLUT. Vanguard Group Inc. lifted its position in shares of Flutter Entertainment by 402.4% during the second quarter. Vanguard Group Inc. now owns 17,257,475 shares of the company’s stock valued at $4,931,496,000 after purchasing an additional 13,822,673 shares in the last quarter. Parvus Asset Management Jersey Ltd purchased a new stake in Flutter Entertainment in the 2nd quarter valued at about $2,231,266,000. Norges Bank bought a new position in shares of Flutter Entertainment during the 2nd quarter worth approximately $930,349,000. State Street Corp boosted its stake in shares of Flutter Entertainment by 120.3% in the 2nd quarter. State Street Corp now owns 3,086,730 shares of the company’s stock worth $882,064,000 after buying an additional 1,685,556 shares during the last quarter. Finally, BNP Paribas Financial Markets increased its position in shares of Flutter Entertainment by 196.5% during the first quarter. BNP Paribas Financial Markets now owns 1,994,656 shares of the company’s stock valued at $441,916,000 after acquiring an additional 1,322,016 shares during the last quarter.

Analysts Set New Price Targets

FLUT has been the topic of several research analyst reports. Citigroup reissued an “outperform” rating on shares of Flutter Entertainment in a research report on Thursday, December 11th. Bank of America reissued a “neutral” rating and issued a $250.00 price target (down from $325.00) on shares of Flutter Entertainment in a report on Tuesday, November 4th. Citizens Jmp decreased their price objective on shares of Flutter Entertainment from $345.00 to $311.00 and set a “market outperform” rating for the company in a report on Thursday, December 11th. UBS Group lowered their price objective on shares of Flutter Entertainment from $340.00 to $320.00 and set a “buy” rating on the stock in a research report on Friday, November 28th. Finally, Wells Fargo & Company began coverage on shares of Flutter Entertainment in a research report on Tuesday, November 18th. They set an “overweight” rating and a $272.00 target price for the company. Three equities research analysts have rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, Flutter Entertainment currently has an average rating of “Moderate Buy” and a consensus target price of $303.70.

Flutter Entertainment Price Performance

NYSE FLUT opened at $222.05 on Friday. 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 company has a market cap of $38.90 billion, a PE ratio of -170.81 and a beta of 1.92. Flutter Entertainment PLC has a 52 week low of $189.33 and a 52 week high of $313.68. The firm’s 50-day simple moving average is $221.63 and its two-hundred day simple moving average is $261.96.

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.