DCF Advisers LLC Makes New Investment in Flutter Entertainment plc (NYSE:FLUT)

DCF Advisers LLC acquired a new stake in Flutter Entertainment plc (NYSE:FLUT) in the 2nd quarter, Holdings Channel reports. The firm acquired 3,200 shares of the company’s stock, valued at approximately $584,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Capital World Investors bought a new stake in Flutter Entertainment in the 1st quarter valued at $2,880,796,000. Capital Research Global Investors acquired a new position in shares of Flutter Entertainment during the first quarter valued at about $2,418,032,000. Vanguard Group Inc. bought a new stake in shares of Flutter Entertainment in the first quarter valued at about $1,578,442,000. Capital International Investors acquired a new stake in Flutter Entertainment during the first quarter worth about $507,170,000. Finally, Hsbc Holdings PLC grew its position in Flutter Entertainment by 10.9% during the second quarter. Hsbc Holdings PLC now owns 6,189,639 shares of the company’s stock worth $1,131,079,000 after buying an additional 608,003 shares in the last quarter.

Wall Street Analyst Weigh In

FLUT has been the subject of a number of research reports. Oppenheimer raised their price objective on Flutter Entertainment from $240.00 to $255.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 14th. BTIG Research raised their target price on Flutter Entertainment from $245.00 to $249.00 and gave the stock a “buy” rating in a research report on Wednesday, August 14th. Morgan Stanley began coverage on shares of Flutter Entertainment in a research note on Thursday, August 22nd. They set an “overweight” rating and a $247.00 price target on the stock. JMP Securities restated a “market outperform” rating and issued a $255.00 price objective on shares of Flutter Entertainment in a research note on Wednesday. Finally, Benchmark restated a “buy” rating and set a $255.00 price target on shares of Flutter Entertainment in a research note on Wednesday, August 14th. One research analyst has rated the stock with a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and an average target price of $246.44.

Flutter Entertainment Stock Up 0.2 %

NYSE FLUT opened at $229.44 on Friday. Flutter Entertainment plc has a 1-year low of $148.00 and a 1-year high of $233.93. The company has a 50 day moving average of $205.68 and a 200-day moving average of $200.40.

Flutter Entertainment (NYSE:FLUT) last issued its quarterly earnings data on Tuesday, August 13th. The company reported $2.33 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.07 by $1.26. The business had revenue of $3.61 billion during the quarter, compared to the consensus estimate of $3.41 billion. Sell-side analysts expect that Flutter Entertainment plc will post 4.75 earnings per share for the current year.

Flutter Entertainment Profile

Flutter Entertainment plc operates as a sports betting and gaming company in the United Kingdom, Ireland, Australia, the United States, Italy, and internationally. The company operates through four segments: UK & Ireland, Australia, International, and US. It offers sports betting, iGaming, daily fantasy sports, online racing wagering, and TV broadcasting products; sportsbooks and exchange sports betting products, and gaming products; and online sports betting.