Charles Lim Capital Ltd Invests $2.81 Million in Flutter Entertainment PLC $FLUT

by · The Markets Daily

Charles Lim Capital Ltd acquired a new position in shares of Flutter Entertainment PLC (NYSE:FLUT – Free Report) in the 2nd quarter, according to the company in its most recent filing with the SEC. The fund acquired 27,500 shares of the company’s stock, valued at approximately $2,810,000. Flutter Entertainment makes up 0.9% of Charles Lim Capital Ltd’s portfolio, making the stock its 6th biggest position.

A number of other hedge funds and other institutional investors also recently bought and sold shares of FLUT. Zions Bancorporation National Association UT grew its holdings in Flutter Entertainment by 1,685.7% in the fourth quarter. Zions Bancorporation National Association UT now owns 125 shares of the company’s stock worth $27,000 after purchasing an additional 118 shares during the last quarter. EFG International AG purchased a new stake in shares of Flutter Entertainment during the 4th quarter valued at $36,000. IFP Advisors Inc lifted its holdings in shares of Flutter Entertainment by 93.8% during the 4th quarter. IFP Advisors Inc now owns 186 shares of the company’s stock valued at $40,000 after purchasing an additional 90 shares during the last quarter. Towarzystwo Funduszy Inwestycyjnych PZU SA boosted its position in shares of Flutter Entertainment by 83.3% in the 3rd quarter. Towarzystwo Funduszy Inwestycyjnych PZU SA now owns 165 shares of the company’s stock worth $42,000 after purchasing an additional 75 shares in the last quarter. Finally, LM Advisors LLC acquired a new stake in shares of Flutter Entertainment in the 4th quarter worth $46,000.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on FLUT shares. BTIG Research reduced their target price on Flutter Entertainment from $120.00 to $113.00 and set a “buy” rating on the stock in a research report on Wednesday, August 5th. JPMorgan Chase & Co. initiated coverage on Flutter Entertainment in a report on Wednesday, August 12th. They issued a “neutral” rating and a $114.00 price target for the company. Benchmark dropped their price target on Flutter Entertainment from $132.00 to $113.00 and set a “buy” rating on the stock in a research note on Thursday, August 6th. Deutsche Bank Aktiengesellschaft set a $148.00 price objective on shares of Flutter Entertainment in a report on Thursday, August 6th. Finally, Citizens Jmp decreased their price objective on shares of Flutter Entertainment from $165.00 to $159.00 and set a “market outperform” rating for the company in a research report on Wednesday, July 8th. Two investment analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, eight have assigned a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat, Flutter Entertainment has a consensus rating of “Moderate Buy” and a consensus price target of $159.12.

Check Out Our Latest Stock Analysis on FLUT

Insider Transactions at Flutter Entertainment

In related news, CEO Jeremy Peter Jackson sold 2,112 shares of the stock in a transaction that occurred on Wednesday, August 19th. The shares were sold at an average price of $93.32, for a total value of $197,091.84. Following the transaction, the chief executive officer owned 72,214 shares in the company, valued at approximately $6,739,010.48. This represents a 2.84% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, Director Carolan Lennon sold 439 shares of the firm’s stock in a transaction that occurred on Thursday, May 28th. The stock was sold at an average price of $94.63, for a total transaction of $41,542.57. Following the transaction, the director directly owned 1,688 shares of the company’s stock, valued at $159,735.44. This represents a 20.64% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold 3,634 shares of company stock valued at $341,119 in the last ninety days. Corporate insiders own 0.13% of the company’s stock.

Flutter Entertainment Price Performance

NYSE FLUT opened at $102.66 on Monday. The company has a market cap of $17.82 billion, a price-to-earnings ratio of -23.87, a PEG ratio of 2.60 and a beta of 1.28. The company has a debt-to-equity ratio of 1.32, a current ratio of 0.89 and a quick ratio of 0.89. The stock’s fifty day moving average price is $102.97 and its 200 day moving average price is $107.74. Flutter Entertainment PLC has a 1 year low of $89.71 and a 1 year high of $309.41.

Flutter Entertainment (NYSE:FLUT – Get Free Report) last issued its quarterly earnings results on Thursday, August 6th. The company reported $0.49 EPS for the quarter, missing analysts’ consensus estimates of $0.54 by ($0.05). The firm had revenue of $4.33 billion for the quarter, compared to analyst estimates of $4.24 billion. Flutter Entertainment had a positive return on equity of 7.27% and a negative net margin of 4.39%.The business’s revenue was up 3.3% compared to the same quarter last year. During the same period in the prior year, the firm posted $2.95 EPS. As a group, equities research analysts forecast that Flutter Entertainment PLC will post 3.48 earnings per share for the current year.

Flutter Entertainment Company Profile

(Free Report)

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.

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