CenterBook Partners LP Boosts Holdings in Flutter Entertainment PLC $FLUT

CenterBook Partners LP raised its position in Flutter Entertainment PLC (NYSE:FLUT) by 723.5% during the 3rd quarter, according to its most recent filing with the SEC. The firm owned 13,967 shares of the company’s stock after buying an additional 12,271 shares during the quarter. CenterBook Partners LP’s holdings in Flutter Entertainment were worth $3,548,000 as of its most recent filing with the SEC.

Several other hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. increased its stake in shares of Flutter Entertainment by 402.4% during the second quarter. Vanguard Group Inc. now owns 17,257,475 shares of the company’s stock worth $4,931,496,000 after acquiring an additional 13,822,673 shares during the period. Parvus Asset Management Jersey Ltd acquired a new stake in Flutter Entertainment in the second quarter valued at about $2,231,266,000. Norges Bank purchased a new stake in Flutter Entertainment in the 2nd quarter valued at approximately $930,349,000. State Street Corp increased its position in Flutter Entertainment by 120.3% during the 2nd quarter. State Street Corp now owns 3,086,730 shares of the company’s stock worth $882,064,000 after purchasing an additional 1,685,556 shares during the period. Finally, Geode Capital Management LLC raised its stake in shares of Flutter Entertainment by 57.4% during the 2nd quarter. Geode Capital Management LLC now owns 3,080,848 shares of the company’s stock worth $877,583,000 after buying an additional 1,122,892 shares in the last quarter.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on FLUT shares. Canaccord Genuity Group decreased their price target on Flutter Entertainment from $300.00 to $270.00 and set a “buy” rating on the stock in a research note on Tuesday, February 3rd. Bank of America decreased their target price on shares of Flutter Entertainment from $250.00 to $210.00 and set a “neutral” rating on the stock in a research report on Thursday, January 22nd. Truist Financial set a $260.00 price target on shares of Flutter Entertainment in a report on Tuesday, January 13th. Texas Capital upgraded shares of Flutter Entertainment to a “strong-buy” rating in a research note on Thursday, January 8th. Finally, Susquehanna reaffirmed a “positive” rating and issued a $228.00 target price on shares of Flutter Entertainment in a report on Tuesday, January 27th. Three equities research analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, five have given a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $269.10.

Flutter Entertainment Price Performance

Shares of NYSE FLUT opened at $125.98 on Thursday. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 1.27. The company’s 50-day moving average price is $188.65 and its 200 day moving average price is $232.10. Flutter Entertainment PLC has a 52 week low of $122.34 and a 52 week high of $313.68. The stock has a market cap of $22.07 billion, a price-to-earnings ratio of -96.91 and a beta of 1.88.

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.