Flutter Entertainment PLC $FLUT Shares Sold by SG Americas Securities LLC

SG Americas Securities LLC lessened its holdings in Flutter Entertainment PLC (NYSE:FLUT) by 58.8% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 21,600 shares of the company’s stock after selling 30,890 shares during the period. SG Americas Securities LLC’s holdings in Flutter Entertainment were worth $5,486,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in shares of Flutter Entertainment by 5.6% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,311 shares of the company’s stock valued at $290,000 after acquiring an additional 69 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in Flutter Entertainment by 32.0% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 425,157 shares of the company’s stock worth $94,194,000 after purchasing an additional 103,132 shares during the period. Focus Partners Wealth increased its holdings in Flutter Entertainment by 6.2% during the 1st quarter. Focus Partners Wealth now owns 7,434 shares of the company’s stock worth $1,647,000 after purchasing an additional 435 shares during the period. Belpointe Asset Management LLC acquired a new stake in Flutter Entertainment in the 1st quarter valued at about $241,000. Finally, Rhumbline Advisers boosted its stake in shares of Flutter Entertainment by 5.4% in the 1st quarter. Rhumbline Advisers now owns 23,806 shares of the company’s stock valued at $5,274,000 after buying an additional 1,216 shares during the period.

Analysts Set New Price Targets

A number of research firms recently weighed in on FLUT. Hsbc Global Res upgraded shares of Flutter Entertainment from a “hold” rating to a “strong-buy” rating in a research note on Monday, November 24th. Benchmark dropped 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. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Flutter Entertainment in a research report on Monday, December 29th. Needham & Company LLC lowered their target price on shares of Flutter Entertainment from $325.00 to $300.00 and set a “buy” rating for the company in a research note on Thursday, November 13th. Finally, HSBC upgraded Flutter Entertainment from a “hold” rating to a “buy” rating and cut their price target for the company from $265.00 to $228.00 in a research note on Monday, November 24th. Three equities research analysts have rated the stock with a Strong Buy rating, seventeen have given a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $302.55.

Flutter Entertainment Price Performance

Shares of NYSE:FLUT opened at $215.40 on Friday. Flutter Entertainment PLC has a 12 month low of $189.33 and a 12 month high of $313.68. The firm has a market capitalization of $37.74 billion, a P/E ratio of -165.69 and a beta of 1.88. 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 company’s fifty day moving average price is $213.44 and its 200 day moving average price is $257.08.

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.