Aberdeen Group plc Purchases 113,311 Shares of Flutter Entertainment PLC $FLUT

Aberdeen Group plc boosted its position in shares of Flutter Entertainment PLC (NYSE:FLUT) by 879.9% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 126,189 shares of the company’s stock after buying an additional 113,311 shares during the quarter. Aberdeen Group plc’s holdings in Flutter Entertainment were worth $32,052,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its holdings in shares of Flutter Entertainment by 402.4% in the 2nd 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 during the period. Parvus Asset Management Jersey Ltd acquired a new position in Flutter Entertainment during the second quarter worth approximately $2,231,266,000. Norges Bank bought a new stake in Flutter Entertainment in the second quarter valued at approximately $930,349,000. State Street Corp lifted its position in shares of Flutter Entertainment by 120.3% in the second quarter. State Street Corp now owns 3,086,730 shares of the company’s stock valued at $882,064,000 after buying an additional 1,685,556 shares during the last quarter. Finally, Geode Capital Management LLC boosted its stake in shares of Flutter Entertainment by 57.4% during the 2nd quarter. Geode Capital Management LLC now owns 3,080,848 shares of the company’s stock worth $877,583,000 after acquiring an additional 1,122,892 shares during the period.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on FLUT shares. HSBC raised 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 report on Monday, November 24th. Weiss Ratings restated a “sell (d-)” rating on shares of Flutter Entertainment in a research note on Monday, December 29th. Truist Financial set a $260.00 price target on shares of Flutter Entertainment in a research note on Tuesday, January 13th. Susquehanna reissued a “positive” rating and issued a $228.00 price target on shares of Flutter Entertainment in a report on Tuesday, January 27th. Finally, Citigroup restated an “outperform” rating on shares of Flutter Entertainment in a report on Monday, January 5th. Three research analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating, five have issued a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $272.48.

Flutter Entertainment Stock Down 11.4%

NYSE FLUT opened at $125.23 on Tuesday. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 1.27. Flutter Entertainment PLC has a 1-year low of $122.55 and a 1-year high of $313.68. The company has a 50 day moving average of $192.33 and a 200-day moving average of $234.08. The company has a market cap of $21.94 billion, a price-to-earnings ratio of -96.33 and a beta of 1.89.

About Flutter Entertainment

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.