Magnetar Financial LLC Acquires New Stake in Flutter Entertainment plc (NYSE:FLUT)

Magnetar Financial LLC bought a new stake in shares of Flutter Entertainment plc (NYSE:FLUT) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 17,315 shares of the company’s stock, valued at approximately $3,158,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Public Sector Pension Investment Board lifted its holdings in Flutter Entertainment by 6.1% during the 2nd quarter. Public Sector Pension Investment Board now owns 74,545 shares of the company’s stock worth $13,631,000 after buying an additional 4,278 shares in the last quarter. D1 Capital Partners L.P. purchased a new position in Flutter Entertainment in the second quarter valued at $79,235,000. Sei Investments Co. boosted its holdings in Flutter Entertainment by 10.6% in the second quarter. Sei Investments Co. now owns 29,585 shares of the company’s stock valued at $5,394,000 after purchasing an additional 2,833 shares during the period. Blue Whale Capital LLP acquired a new position in Flutter Entertainment during the 2nd quarter worth $19,626,000. Finally, DCF Advisers LLC purchased a new stake in Flutter Entertainment during the 2nd quarter worth about $584,000.

Flutter Entertainment Stock Down 1.0 %

FLUT opened at $229.62 on Tuesday. Flutter Entertainment plc has a 52 week low of $148.00 and a 52 week high of $234.54. The business’s 50 day moving average is $206.62 and its two-hundred day moving average is $200.34.

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

Analysts Set New Price Targets

A number of equities analysts have recently commented on the company. Wells Fargo & Company boosted their price objective on Flutter Entertainment from $218.00 to $224.00 and gave the stock an “equal weight” rating in a research report on Wednesday, August 14th. Barclays assumed coverage on shares of Flutter Entertainment in a report on Thursday, September 12th. They set an “overweight” rating and a $263.00 price target for the company. BTIG Research raised their price objective on shares of Flutter Entertainment from $245.00 to $249.00 and gave the company a “buy” rating in a report on Wednesday, August 14th. Berenberg Bank upgraded shares of Flutter Entertainment to a “strong-buy” rating in a research note on Tuesday, August 27th. Finally, Morgan Stanley started coverage on Flutter Entertainment in a research note on Thursday, August 22nd. They issued an “overweight” rating and a $247.00 price target on the stock. One equities research analyst has rated the stock with a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Buy” and an average price target of $248.80.

About Flutter Entertainment

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.