Vontobel Holding Ltd. Has $233.93 Million Stock Holdings in Flutter Entertainment PLC $FLUT

Vontobel Holding Ltd. raised its holdings in shares of Flutter Entertainment PLC (NYSE:FLUT) by 7.4% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 832,868 shares of the company’s stock after purchasing an additional 57,577 shares during the quarter. Vontobel Holding Ltd.’s holdings in Flutter Entertainment were worth $233,925,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. ORG Partners LLC grew its stake in shares of Flutter Entertainment by 300.0% during the second quarter. ORG Partners LLC now owns 100 shares of the company’s stock worth $28,000 after purchasing an additional 75 shares during the period. Barrett & Company Inc. acquired a new position in Flutter Entertainment in the second quarter valued at about $29,000. SVB Wealth LLC bought a new position in Flutter Entertainment during the first quarter worth about $27,000. Signaturefd LLC grew 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 buying an additional 64 shares during the period. Finally, Allworth Financial LP grew its position in shares of Flutter Entertainment by 116.4% during the 2nd quarter. Allworth Financial LP now owns 145 shares of the company’s stock worth $41,000 after buying an additional 78 shares during the period.

Flutter Entertainment Price Performance

Shares of NYSE FLUT opened at $219.15 on Wednesday. The company has a fifty day moving average price of $220.48 and a 200 day moving average price of $261.74. The firm has a market cap of $38.39 billion, a PE ratio of -168.57 and a beta of 1.92. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 1.27. Flutter Entertainment PLC has a 1-year low of $189.33 and a 1-year high of $313.68.

Analysts Set New Price Targets

A number of analysts recently weighed in on the stock. Citizens Jmp cut their price target on shares of Flutter Entertainment from $345.00 to $311.00 and set a “market outperform” rating on the stock in a research report on Thursday, December 11th. Stifel Nicolaus cut their target price on shares of Flutter Entertainment from $339.00 to $330.00 and set a “buy” rating on the stock in a report on Thursday, November 13th. JMP Securities reduced their price target on shares of Flutter Entertainment from $345.00 to $340.00 and set a “market outperform” rating on the stock in a research report on Wednesday, October 1st. Needham & Company LLC lowered their price objective on shares of Flutter Entertainment from $325.00 to $300.00 and set a “buy” rating for the company in a research report on Thursday, November 13th. Finally, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Flutter Entertainment in a research note on Monday. Three research analysts have rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, four have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, Flutter Entertainment currently has an average rating of “Moderate Buy” and a consensus price target of $302.45.

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.