AGF Management Ltd. Buys New Shares in Flutter Entertainment PLC $FLUT

AGF Management Ltd. purchased a new position in Flutter Entertainment PLC (NYSE:FLUT) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 37,475 shares of the company’s stock, valued at approximately $9,519,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in shares of 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 during the period. Sivia Capital Partners LLC acquired a new position in Flutter Entertainment during the second quarter worth approximately $405,000. Signaturefd LLC raised its stake in Flutter Entertainment by 98.5% during the second quarter. Signaturefd LLC now owns 129 shares of the company’s stock worth $37,000 after purchasing an additional 64 shares during the period. Janney Montgomery Scott LLC acquired a new position in shares of Flutter Entertainment in the 2nd quarter valued at $524,000. Finally, Mirae Asset Global Investments Co. Ltd. grew its stake in shares of 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 valued at $1,484,000 after buying an additional 1,949 shares during the period.

Flutter Entertainment Stock Down 1.5%

Shares of NYSE:FLUT opened at $162.75 on Tuesday. The company has a market capitalization of $28.52 billion, a price-to-earnings ratio of -125.19 and a beta of 1.89. The company has a 50 day moving average of $204.55 and a two-hundred day moving average of $245.27. Flutter Entertainment PLC has a 52-week low of $160.72 and a 52-week high of $313.68. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 1.27.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the company. Wells Fargo & Company reaffirmed an “equal weight” rating and issued a $228.00 target price (down from $248.00) on shares of Flutter Entertainment in a research report on Wednesday, January 14th. Oppenheimer set a $280.00 price objective on Flutter Entertainment in a report on Thursday. Barclays reduced their price objective on Flutter Entertainment from $307.00 to $304.00 and set an “overweight” rating on the stock in a research note on Friday, January 23rd. Susquehanna reissued a “positive” rating and set a $228.00 target price on shares of Flutter Entertainment in a research report on Tuesday, January 27th. Finally, Citigroup restated an “outperform” rating on shares of Flutter Entertainment in a report on Monday, January 5th. Three equities research analysts have rated the stock with a Strong Buy rating, seventeen have given a Buy rating, five have assigned a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, Flutter Entertainment has a consensus rating of “Moderate Buy” and a consensus target price of $277.48.

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.