AustralianSuper Pty Ltd Sells 125,716 Shares of Flutter Entertainment PLC $FLUT

AustralianSuper Pty Ltd lessened its stake in Flutter Entertainment PLC (NYSE:FLUT) by 60.4% in the 3rd quarter, HoldingsChannel reports. The fund owned 82,262 shares of the company’s stock after selling 125,716 shares during the quarter. AustralianSuper Pty Ltd’s holdings in Flutter Entertainment were worth $20,895,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of FLUT. ORG Partners LLC grew its stake in shares of Flutter Entertainment by 43.0% during the third quarter. ORG Partners LLC now owns 143 shares of the company’s stock valued at $36,000 after purchasing an additional 43 shares during the last quarter. MML Investors Services LLC lifted its holdings in Flutter Entertainment by 0.6% during the 2nd quarter. MML Investors Services LLC now owns 7,081 shares of the company’s stock worth $2,024,000 after buying an additional 45 shares in the last quarter. Versant Capital Management Inc boosted its position in Flutter Entertainment by 5.6% in the 3rd quarter. Versant Capital Management Inc now owns 943 shares of the company’s stock valued at $240,000 after buying an additional 50 shares during the last quarter. Hohimer Wealth Management LLC boosted its position in Flutter Entertainment by 1.3% in the 2nd quarter. Hohimer Wealth Management LLC now owns 4,567 shares of the company’s stock valued at $1,305,000 after buying an additional 60 shares during the last quarter. Finally, Signaturefd LLC increased its stake in shares of Flutter Entertainment by 98.5% in the 2nd quarter. Signaturefd LLC now owns 129 shares of the company’s stock valued at $37,000 after buying an additional 64 shares during the period.

Flutter Entertainment Stock Up 1.2%

Flutter Entertainment stock opened at $168.77 on Friday. The firm has a market capitalization of $29.57 billion, a price-to-earnings ratio of -129.83 and a beta of 1.88. The company’s 50 day simple moving average is $205.69 and its 200 day simple moving average is $247.85. 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 fifty-two week low of $166.21 and a fifty-two week high of $313.68.

Analyst Ratings Changes

Several equities analysts have recently issued reports on FLUT shares. BTIG Research cut their price target on Flutter Entertainment from $281.00 to $230.00 and set a “buy” rating on the stock in a research note on Tuesday. Texas Capital upgraded shares of Flutter Entertainment to a “strong-buy” rating in a research report on Thursday, January 8th. Truist Financial set a $260.00 price target on shares of Flutter Entertainment in a research report on Tuesday, January 13th. Benchmark dropped their price target on shares of Flutter Entertainment from $310.00 to $285.00 and set a “buy” rating for the company in a research note on Monday, December 1st. Finally, Oppenheimer set a $280.00 price objective on shares of Flutter Entertainment in a research note on Thursday. Three equities research analysts have rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, five have issued a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, Flutter Entertainment presently has an average rating of “Moderate Buy” and an average target price of $280.86.

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.