Farallon Capital Management LLC Invests $36.62 Million in Flutter Entertainment plc (NYSE:FLUT)

Farallon Capital Management LLC bought a new stake in Flutter Entertainment plc (NYSE:FLUT) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 200,800 shares of the company’s stock, valued at approximately $36,618,000. Farallon Capital Management LLC owned approximately 0.11% of Flutter Entertainment at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of FLUT. Acadian Asset Management LLC purchased a new stake in shares of Flutter Entertainment during the 1st quarter valued at $1,272,000. Nordea Investment Management AB bought a new stake in Flutter Entertainment during the first quarter worth about $1,656,000. Capital International Ltd. CA purchased a new position in shares of Flutter Entertainment in the 1st quarter worth about $2,180,000. Swiss National Bank purchased a new position in shares of Flutter Entertainment during the first quarter worth approximately $119,485,000. Finally, Vanguard Group Inc. purchased a new position in shares of Flutter Entertainment during the first quarter worth approximately $1,578,442,000.

Flutter Entertainment Trading Down 1.0 %

FLUT stock opened at $229.62 on Tuesday. The firm has a 50 day moving average price of $206.62 and a 200-day moving average price of $200.34. Flutter Entertainment plc has a 52-week low of $148.00 and a 52-week high of $234.54.

Flutter Entertainment (NYSE:FLUT) last announced its quarterly earnings data on Tuesday, August 13th. The company reported $2.33 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.07 by $1.26. The company had revenue of $3.61 billion for the quarter, compared to analysts’ expectations of $3.41 billion. Research analysts predict that Flutter Entertainment plc will post 4.75 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities analysts recently commented on the stock. Susquehanna increased their target price on shares of Flutter Entertainment from $222.00 to $230.00 and gave the company a “positive” rating in a report on Wednesday, August 14th. Barclays began coverage on Flutter Entertainment in a research note on Thursday, September 12th. They set an “overweight” rating and a $263.00 price objective on the stock. Oppenheimer boosted their target price on Flutter Entertainment from $240.00 to $255.00 and gave the company an “outperform” rating in a research note on Wednesday, August 14th. Needham & Company LLC started coverage on Flutter Entertainment in a research report on Monday. They set a “buy” rating and a $270.00 price target on the stock. Finally, Morgan Stanley assumed coverage on Flutter Entertainment in a research report on Thursday, August 22nd. They issued an “overweight” rating and a $247.00 price objective for the company. One equities research analyst has rated the stock with a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Buy” and an average price target of $248.80.

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.