Flutter Entertainment PLC $FLUT Shares Sold by Citigroup Inc.

Citigroup Inc. lowered its holdings in Flutter Entertainment PLC (NYSE:FLUT) by 48.6% in the third quarter, HoldingsChannel reports. The firm owned 416,110 shares of the company’s stock after selling 392,888 shares during the quarter. Citigroup Inc.’s holdings in Flutter Entertainment were worth $105,692,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in Flutter Entertainment by 5.6% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,311 shares of the company’s stock worth $290,000 after acquiring an additional 69 shares in the last quarter. Sivia Capital Partners LLC acquired a new position in Flutter Entertainment in the second quarter valued at approximately $405,000. Stratos Wealth Partners LTD. purchased a new position in Flutter Entertainment in the second quarter valued at approximately $290,000. Sumitomo Mitsui Trust Group Inc. lifted its position in shares of Flutter Entertainment by 1.6% during the 2nd quarter. Sumitomo Mitsui Trust Group Inc. now owns 350,827 shares of the company’s stock worth $100,252,000 after buying an additional 5,517 shares during the last quarter. Finally, Focus Partners Advisor Solutions LLC acquired a new position in shares of Flutter Entertainment in the 2nd quarter valued at $242,000.

Analysts Set New Price Targets

Several equities analysts have issued reports on the stock. Zacks Research downgraded shares of Flutter Entertainment from a “hold” rating to a “strong sell” rating in a research note on Monday, January 19th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Flutter Entertainment in a research note on Monday, December 29th. UBS Group decreased their price objective on Flutter Entertainment from $320.00 to $300.00 and set a “buy” rating for the company in a report on Tuesday, February 10th. BTIG Research cut their target price on shares of Flutter Entertainment from $281.00 to $230.00 and set a “buy” rating on the stock in a report on Tuesday, January 27th. Finally, Citizens Jmp decreased their price target on shares of 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 research analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, five have issued a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, Flutter Entertainment presently has a consensus rating of “Moderate Buy” and an average target price of $269.10.

Flutter Entertainment Price Performance

Shares of NYSE:FLUT opened at $121.07 on Monday. 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 $21.21 billion, a P/E ratio of -93.13 and a beta of 1.89. Flutter Entertainment PLC has a 52 week low of $119.47 and a 52 week high of $313.68. The company has a 50-day moving average price of $184.65 and a 200 day moving average price of $229.00.

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.