Flutter Entertainment PLC $FLUT is Rubicon Global Capital Ltd’s 6th Largest Position

Rubicon Global Capital Ltd decreased its position in Flutter Entertainment PLC (NYSE:FLUT) by 19.6% during the 3rd quarter, Holdings Channel.com reports. The firm owned 56,450 shares of the company’s stock after selling 13,800 shares during the period. Flutter Entertainment comprises about 3.2% of Rubicon Global Capital Ltd’s portfolio, making the stock its 6th biggest holding. Rubicon Global Capital Ltd’s holdings in Flutter Entertainment were worth $14,338,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. SVB Wealth LLC purchased a new stake in Flutter Entertainment in the first quarter worth $27,000. ORG Partners LLC lifted its position in shares of Flutter Entertainment by 300.0% during the 2nd quarter. ORG Partners LLC now owns 100 shares of the company’s stock valued at $28,000 after buying an additional 75 shares during the last quarter. Barrett & Company Inc. bought a new position in shares of Flutter Entertainment during the 2nd quarter worth $29,000. Signaturefd LLC increased its holdings in Flutter Entertainment by 98.5% in the 2nd quarter. Signaturefd LLC now owns 129 shares of the company’s stock worth $37,000 after acquiring an additional 64 shares during the last quarter. Finally, Allworth Financial LP raised its stake in Flutter Entertainment by 116.4% in the 2nd quarter. Allworth Financial LP now owns 145 shares of the company’s stock valued at $41,000 after acquiring an additional 78 shares during the period.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on the stock. Citizens Jmp dropped their price objective on shares of Flutter Entertainment from $345.00 to $311.00 and set a “market outperform” rating on the stock in a report on Thursday, December 11th. Morgan Stanley lowered their price target on shares of Flutter Entertainment from $352.00 to $315.00 and set an “overweight” rating on the stock in a research report on Friday, December 12th. Sanford C. Bernstein restated a “market perform” rating on shares of Flutter Entertainment in a research note on Thursday, December 11th. Needham & Company LLC cut their price objective on shares of Flutter Entertainment from $325.00 to $300.00 and set a “buy” rating for the company in a report on Thursday, November 13th. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of Flutter Entertainment in a report on Monday. Three equities research analysts have rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, four have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $302.45.

Flutter Entertainment Price Performance

FLUT stock opened at $220.62 on Friday. The firm has a 50 day moving average of $219.30 and a 200-day moving average of $261.17. The firm has a market capitalization of $38.65 billion, a P/E ratio of -169.71 and a beta of 1.92. Flutter Entertainment PLC has a 12 month low of $189.33 and a 12 month high of $313.68. 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 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.