Samlyn Capital LLC Takes Position in Flutter Entertainment plc (NYSE:FLUT)

Samlyn Capital LLC purchased a new stake in shares of Flutter Entertainment plc (NYSE:FLUT) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 345,096 shares of the company’s stock, valued at approximately $62,932,000. Samlyn Capital LLC owned approximately 0.19% of Flutter Entertainment at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Hollencrest Capital Management acquired a new stake in Flutter Entertainment during the first quarter valued at $28,000. Rothschild Investment LLC acquired a new stake in Flutter Entertainment during the second quarter valued at $37,000. CWM LLC acquired a new stake in Flutter Entertainment during the second quarter valued at $40,000. YHB Investment Advisors Inc. acquired a new stake in Flutter Entertainment during the first quarter valued at $45,000. Finally, Financial Perspectives Inc acquired a new stake in Flutter Entertainment during the first quarter valued at $102,000.

Flutter Entertainment Stock Down 1.0 %

Flutter Entertainment stock opened at $229.62 on Tuesday. The business has a 50 day moving average price of $206.62 and a two-hundred day moving average price of $200.34. Flutter Entertainment plc has a 12 month low of $148.00 and a 12 month high of $234.54.

Flutter Entertainment (NYSE:FLUT) last posted its quarterly earnings results on Tuesday, August 13th. The company reported $2.33 EPS for the quarter, beating the consensus estimate 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. Equities research analysts forecast that Flutter Entertainment plc will post 4.75 EPS for the current year.

Wall Street Analyst Weigh In

FLUT has been the subject of a number of research reports. Needham & Company LLC initiated coverage on Flutter Entertainment in a research report on Monday. They set a “buy” rating and a $270.00 price objective for the company. BTIG Research boosted their price target on Flutter Entertainment from $245.00 to $249.00 and gave the stock a “buy” rating in a research report on Wednesday, August 14th. Susquehanna boosted their price target on Flutter Entertainment from $222.00 to $230.00 and gave the stock a “positive” rating in a research report on Wednesday, August 14th. Benchmark reaffirmed a “buy” rating and issued a $255.00 price target on shares of Flutter Entertainment in a research report on Wednesday, August 14th. Finally, Berenberg Bank raised Flutter Entertainment to a “strong-buy” rating in a research report on Tuesday, August 27th. One 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. Based on data from MarketBeat.com, Flutter Entertainment currently has a consensus rating of “Buy” and a consensus price target of $248.80.

Flutter Entertainment Company 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.