ANTIPODES PARTNERS Ltd Lowers Stake in Flutter Entertainment PLC $FLUT

ANTIPODES PARTNERS Ltd lessened its stake in shares of Flutter Entertainment PLC (NYSE:FLUT) by 34.0% during the 3rd quarter, Holdings Channel reports. The fund owned 78,078 shares of the company’s stock after selling 40,173 shares during the period. ANTIPODES PARTNERS Ltd’s holdings in Flutter Entertainment were worth $20,330,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in FLUT. JCIC Asset Management Inc. bought a new stake in Flutter Entertainment during the third quarter valued at about $32,000. Atlantic Union Bankshares Corp purchased a new stake in shares of Flutter Entertainment during the third quarter valued at about $34,000. ORG Partners LLC boosted its holdings in shares of Flutter Entertainment by 43.0% in the 3rd quarter. ORG Partners LLC now owns 143 shares of the company’s stock valued at $36,000 after buying an additional 43 shares in the last quarter. First Horizon Corp bought a new stake in shares of Flutter Entertainment in the 3rd quarter valued at about $39,000. Finally, Allworth Financial LP grew its position in shares of Flutter Entertainment by 116.4% in the 2nd quarter. Allworth Financial LP now owns 145 shares of the company’s stock worth $41,000 after buying an additional 78 shares during the last quarter.

Wall Street Analyst Weigh In

FLUT has been the subject of a number of analyst reports. Canaccord Genuity Group decreased their target price on shares of Flutter Entertainment from $300.00 to $270.00 and set a “buy” rating for the company in a research report on Tuesday, February 3rd. Sanford C. Bernstein reiterated a “market perform” rating and set a $170.00 price objective on shares of Flutter Entertainment in a report on Friday, February 6th. Barclays lowered their price objective on Flutter Entertainment from $307.00 to $304.00 and set an “overweight” rating for the company in a research report on Friday, January 23rd. Susquehanna reaffirmed a “positive” rating and set a $228.00 target price on shares of Flutter Entertainment in a research report on Tuesday, January 27th. Finally, Citizens Jmp decreased their price target on Flutter Entertainment from $313.00 to $275.00 and set a “market outperform” rating for the company in a research note on Thursday, January 22nd. Three investment analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating, five have assigned a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $269.10.

Flutter Entertainment Trading Down 0.9%

Shares of NYSE:FLUT opened at $121.07 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. Flutter Entertainment PLC has a 52-week low of $119.47 and a 52-week high of $313.68. The stock has a market cap of $21.21 billion, a price-to-earnings ratio of -93.13 and a beta of 1.88. The business has a 50-day moving average price of $184.65 and a 200-day moving average price of $230.07.

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.