DCF Advisers LLC Invests $584,000 in Flutter Entertainment plc (NYSE:FLUT)

DCF Advisers LLC bought a new position in shares of Flutter Entertainment plc (NYSE:FLUT) during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 3,200 shares of the company’s stock, valued at approximately $584,000.

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

Flutter Entertainment Stock Performance

FLUT opened at $229.44 on Friday. Flutter Entertainment plc has a twelve month low of $148.00 and a twelve month high of $233.93. The business has a 50 day moving average price of $205.68 and a 200 day moving average price of $200.40.

Flutter Entertainment (NYSE:FLUT) last issued its quarterly earnings data on Tuesday, August 13th. The company reported $2.33 earnings per share for the quarter, topping analysts’ consensus estimates of $1.07 by $1.26. The firm had revenue of $3.61 billion during the quarter, compared to analyst estimates of $3.41 billion. On average, research analysts expect that Flutter Entertainment plc will post 4.75 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages have issued reports on FLUT. Benchmark reissued a “buy” rating and set a $255.00 target price on shares of Flutter Entertainment in a research note on Wednesday, August 14th. Morgan Stanley started coverage on Flutter Entertainment in a research note on Thursday, August 22nd. They issued an “overweight” rating and a $247.00 target price on the stock. Oppenheimer upped their target price on Flutter Entertainment from $240.00 to $255.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 14th. Susquehanna lifted their price target on Flutter Entertainment from $222.00 to $230.00 and gave the company a “positive” rating in a report on Wednesday, August 14th. Finally, BTIG Research increased their price objective on Flutter Entertainment from $245.00 to $249.00 and gave the stock a “buy” rating in a report on Wednesday, August 14th. One analyst has rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Buy” and an average target price of $246.44.

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.