Stablepoint Partners LLC Acquires New Position in Flutter Entertainment PLC $FLUT

Stablepoint Partners LLC acquired a new stake in Flutter Entertainment PLC (NYSE:FLUT) during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 3,895 shares of the company’s stock, valued at approximately $989,000.

A number of other large investors have also modified their holdings of FLUT. ORG Partners LLC boosted its stake in shares of Flutter Entertainment by 300.0% in the second quarter. ORG Partners LLC now owns 100 shares of the company’s stock valued at $28,000 after buying an additional 75 shares in the last quarter. Barrett & Company Inc. acquired a new stake in Flutter Entertainment in the second quarter valued at $29,000. JCIC Asset Management Inc. acquired a new stake in Flutter Entertainment in the third quarter valued at $32,000. Signaturefd LLC boosted its position in shares of Flutter Entertainment by 98.5% during the 2nd quarter. Signaturefd LLC now owns 129 shares of the company’s stock worth $37,000 after purchasing an additional 64 shares in the last quarter. Finally, First Horizon Corp acquired a new position in shares of Flutter Entertainment during the 3rd quarter worth $39,000.

Flutter Entertainment Price Performance

Flutter Entertainment stock opened at $168.19 on Wednesday. The stock has a market capitalization of $29.47 billion, a P/E ratio of -129.37 and a beta of 1.88. Flutter Entertainment PLC has a 12-month low of $167.23 and a 12-month high of $313.68. The company has a debt-to-equity ratio of 1.27, a current ratio of 0.96 and a quick ratio of 0.96. The firm’s 50-day moving average is $206.70 and its two-hundred day moving average is $248.98.

Analyst Ratings Changes

Several research analysts have weighed in on the stock. BTIG Research lowered their target price on shares of Flutter Entertainment from $281.00 to $230.00 and set a “buy” rating on the stock in a research report on Tuesday. Oppenheimer lowered their price target on Flutter Entertainment from $350.00 to $330.00 and set an “outperform” rating on the stock in a report on Tuesday, October 14th. HSBC raised Flutter Entertainment from a “hold” rating to a “buy” rating and dropped their price objective for the company from $265.00 to $228.00 in a research note on Monday, November 24th. Craig Hallum downgraded Flutter Entertainment from a “buy” rating to a “hold” rating and set a $200.00 target price on the stock. in a research report on Wednesday, January 21st. Finally, Citizens Jmp dropped their price target on Flutter Entertainment from $313.00 to $275.00 and set a “market outperform” rating for the company in a research report on Thursday, January 22nd. 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 assigned a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $283.24.

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.