BNP Paribas Financial Markets Buys 217,889 Shares of Flutter Entertainment PLC $FLUT

BNP Paribas Financial Markets grew its stake in Flutter Entertainment PLC (NYSE:FLUT) by 10.0% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 2,386,821 shares of the company’s stock after buying an additional 217,889 shares during the period. Flutter Entertainment accounts for about 0.3% of BNP Paribas Financial Markets’ holdings, making the stock its 21st largest position. BNP Paribas Financial Markets’ holdings in Flutter Entertainment were worth $606,253,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. ORG Partners LLC lifted its stake in shares of Flutter Entertainment by 43.0% in the third quarter. ORG Partners LLC now owns 143 shares of the company’s stock valued at $36,000 after buying an additional 43 shares during the period. MML Investors Services LLC increased its stake in Flutter Entertainment by 0.6% during the second quarter. MML Investors Services LLC now owns 7,081 shares of the company’s stock valued at $2,024,000 after acquiring an additional 45 shares during the period. OneDigital Investment Advisors LLC increased its stake in Flutter Entertainment by 1.2% during the third quarter. OneDigital Investment Advisors LLC now owns 4,057 shares of the company’s stock valued at $1,030,000 after acquiring an additional 49 shares during the period. Versant Capital Management Inc raised its holdings in Flutter Entertainment by 5.6% in the 3rd quarter. Versant Capital Management Inc now owns 943 shares of the company’s stock valued at $240,000 after acquiring an additional 50 shares in the last quarter. Finally, Stratos Wealth Partners LTD. raised its holdings in Flutter Entertainment by 5.7% in the 3rd quarter. Stratos Wealth Partners LTD. now owns 1,074 shares of the company’s stock valued at $273,000 after acquiring an additional 58 shares in the last quarter.

Flutter Entertainment Trading Down 1.9%

Shares of FLUT opened at $107.28 on Wednesday. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 1.31. The stock has a market cap of $18.81 billion, a PE ratio of -59.60, a PEG ratio of 0.75 and a beta of 2.30. Flutter Entertainment PLC has a 1 year low of $99.96 and a 1 year high of $313.68. The stock has a 50 day simple moving average of $159.01 and a 200-day simple moving average of $213.81.

Flutter Entertainment (NYSE:FLUT) last announced its quarterly earnings results on Thursday, February 26th. The company reported $1.74 EPS for the quarter, missing the consensus estimate of $2.11 by ($0.37). Flutter Entertainment had a negative net margin of 1.89% and a positive return on equity of 12.12%. The company had revenue of $4.74 billion during the quarter, compared to analyst estimates of $4.87 billion. During the same period in the prior year, the firm earned $2.94 EPS. Flutter Entertainment’s quarterly revenue was up 24.9% compared to the same quarter last year. On average, sell-side analysts predict that Flutter Entertainment PLC will post 4.17 EPS for the current fiscal year.

Analysts Set New Price Targets

Several analysts have recently weighed in on the company. HSBC raised Flutter Entertainment from a “hold” rating to a “buy” rating and decreased their price objective for the stock from $265.00 to $228.00 in a report on Monday, November 24th. Citizens Jmp reduced their target price on Flutter Entertainment from $275.00 to $195.00 and set a “market outperform” rating for the company in a research report on Friday, February 27th. Stifel Nicolaus decreased their price target on shares of Flutter Entertainment from $304.00 to $259.00 and set a “buy” rating on the stock in a research note on Friday, January 30th. Wells Fargo & Company reissued an “equal weight” rating and issued a $228.00 price target (down from $248.00) on shares of Flutter Entertainment in a report on Wednesday, January 14th. Finally, Craig Hallum cut shares of Flutter Entertainment from a “buy” rating to a “hold” rating and set a $200.00 price objective for the company. in a research note on Wednesday, January 21st. Three analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating, five have issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $234.65.

About Flutter Entertainment

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.