96,719 Shares in Flutter Entertainment PLC $FLUT Purchased by Public Employees Retirement System of Ohio

Public Employees Retirement System of Ohio acquired a new stake in shares of Flutter Entertainment PLC (NYSE:FLUT) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 96,719 shares of the company’s stock, valued at approximately $9,881,000. Public Employees Retirement System of Ohio owned approximately 0.06% of Flutter Entertainment as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Zions Bancorporation National Association UT boosted its stake in shares of Flutter Entertainment by 1,685.7% during the 4th quarter. Zions Bancorporation National Association UT now owns 125 shares of the company’s stock valued at $27,000 after buying an additional 118 shares during the last quarter. EFG International AG bought a new stake in shares of Flutter Entertainment in the fourth quarter worth $36,000. IFP Advisors Inc increased its stake in shares of Flutter Entertainment by 93.8% in the fourth quarter. IFP Advisors Inc now owns 186 shares of the company’s stock worth $40,000 after buying an additional 90 shares during the last quarter. Towarzystwo Funduszy Inwestycyjnych PZU SA raised its holdings in Flutter Entertainment by 83.3% in the third quarter. Towarzystwo Funduszy Inwestycyjnych PZU SA now owns 165 shares of the company’s stock valued at $42,000 after acquiring an additional 75 shares in the last quarter. Finally, LM Advisors LLC acquired a new stake in Flutter Entertainment in the fourth quarter valued at $46,000.

Insiders Place Their Bets

In other news, CEO Jeremy Peter Jackson sold 2,112 shares of the company’s stock in a transaction that occurred on Wednesday, August 19th. The shares were sold at an average price of $93.32, for a total value of $197,091.84. Following the completion of the sale, the chief executive officer directly owned 72,214 shares of the company’s stock, valued at approximately $6,739,010.48. This represents a 2.84% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. 0.13% of the stock is owned by insiders.

Analyst Ratings Changes

Several research analysts have weighed in on FLUT shares. Benchmark decreased their price objective on shares of Flutter Entertainment from $132.00 to $113.00 and set a “buy” rating for the company in a report on Thursday, August 6th. Stifel Nicolaus reduced their price target on shares of Flutter Entertainment from $161.00 to $133.00 and set a “buy” rating on the stock in a research report on Thursday, August 6th. Barclays decreased their price target on Flutter Entertainment from $151.00 to $133.00 and set an “overweight” rating for the company in a research note on Thursday, August 6th. Zacks Research lowered Flutter Entertainment from a “hold” rating to a “strong sell” rating in a report on Tuesday, August 4th. Finally, Jefferies Financial Group restated a “buy” rating and set a $180.00 price objective on shares of Flutter Entertainment in a research note on Sunday, August 9th. Two equities research analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating, eight have assigned a Hold rating and three have given a Sell rating to the company. According to MarketBeat.com, Flutter Entertainment has a consensus rating of “Moderate Buy” and an average price target of $159.12.

Flutter Entertainment Trading Down 1.8%

NYSE FLUT opened at $99.95 on Tuesday. Flutter Entertainment PLC has a one year low of $89.71 and a one year high of $309.38. The company has a 50-day simple moving average of $102.55 and a 200-day simple moving average of $105.52. The company has a debt-to-equity ratio of 1.32, a quick ratio of 0.89 and a current ratio of 0.89. The firm has a market capitalization of $17.35 billion, a PE ratio of -23.24, a price-to-earnings-growth ratio of 2.58 and a beta of 1.28.

Flutter Entertainment (NYSE:FLUT) last announced its quarterly earnings results on Thursday, August 6th. The company reported $0.49 earnings per share for the quarter, missing analysts’ consensus estimates of $0.54 by ($0.05). The company had revenue of $4.33 billion for the quarter, compared to analyst estimates of $4.24 billion. Flutter Entertainment had a positive return on equity of 7.27% and a negative net margin of 4.39%.The firm’s revenue for the quarter was up 3.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.95 earnings per share. On average, equities analysts forecast that Flutter Entertainment PLC will post 3.48 earnings per share for the current year.

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.