AGF Management Ltd. Takes $9.52 Million Position in Flutter Entertainment PLC $FLUT

AGF Management Ltd. purchased a new position in Flutter Entertainment PLC (NYSE:FLUT) during the 3rd quarter, HoldingsChannel.com reports. The fund purchased 37,475 shares of the company’s stock, valued at approximately $9,519,000.

Other hedge funds have also recently bought and sold shares of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in shares of Flutter Entertainment by 5.6% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,311 shares of the company’s stock valued at $290,000 after purchasing an additional 69 shares in the last quarter. Sivia Capital Partners LLC acquired a new stake in Flutter Entertainment in the second quarter valued at $405,000. Signaturefd LLC raised its holdings in Flutter Entertainment by 98.5% in the second quarter. Signaturefd LLC now owns 129 shares of the company’s stock valued at $37,000 after acquiring an additional 64 shares in the last quarter. Janney Montgomery Scott LLC bought a new position in Flutter Entertainment during the 2nd quarter valued at $524,000. Finally, Mirae Asset Global Investments Co. Ltd. grew its holdings in Flutter Entertainment by 60.1% during the 2nd quarter. Mirae Asset Global Investments Co. Ltd. now owns 5,192 shares of the company’s stock worth $1,484,000 after acquiring an additional 1,949 shares in the last quarter.

Flutter Entertainment Trading Down 1.5%

NYSE:FLUT opened at $162.75 on Tuesday. Flutter Entertainment PLC has a 1 year low of $160.72 and a 1 year high of $313.68. The stock has a market cap of $28.52 billion, a price-to-earnings ratio of -125.19 and a beta of 1.89. The business has a fifty day moving average of $204.55 and a 200-day moving average of $245.27. The company has a debt-to-equity ratio of 1.27, a quick ratio of 0.96 and a current ratio of 0.96.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on FLUT shares. Wells Fargo & Company reiterated an “equal weight” rating and issued a $228.00 price target (down from $248.00) on shares of Flutter Entertainment in a research note on Wednesday, January 14th. Benchmark decreased their target price on Flutter Entertainment from $310.00 to $285.00 and set a “buy” rating for the company in a research report on Monday, December 1st. Canaccord Genuity Group dropped their price target on Flutter Entertainment from $340.00 to $300.00 and set a “buy” rating on the stock in a research report on Thursday, November 13th. HSBC raised shares of Flutter Entertainment from a “hold” rating to a “buy” rating and decreased their price objective for the stock from $265.00 to $228.00 in a report on Monday, November 24th. Finally, Craig Hallum cut shares of Flutter Entertainment from a “buy” rating to a “hold” rating and set a $200.00 target price on the stock. in a report on Wednesday, January 21st. Three 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 stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $277.48.

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.