Soros Fund Management LLC Has $140.05 Million Position in Flutter Entertainment PLC $FLUT

Soros Fund Management LLC lessened its holdings in shares of Flutter Entertainment PLC (NYSE:FLUT) by 15.6% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 490,080 shares of the company’s stock after selling 90,663 shares during the quarter. Flutter Entertainment makes up approximately 1.8% of Soros Fund Management LLC’s portfolio, making the stock its 13th largest holding. Soros Fund Management LLC owned 0.28% of Flutter Entertainment worth $140,045,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the business. SVB Wealth LLC bought a new position in shares of Flutter Entertainment during the 1st quarter valued at $27,000. ORG Partners LLC increased its position in Flutter Entertainment by 300.0% during the second quarter. ORG Partners LLC now owns 100 shares of the company’s stock worth $28,000 after buying an additional 75 shares during the last quarter. Barrett & Company Inc. bought a new position in Flutter Entertainment during the second quarter valued at about $29,000. Signaturefd LLC lifted its position in shares of Flutter Entertainment by 98.5% in the second quarter. Signaturefd LLC now owns 129 shares of the company’s stock worth $37,000 after buying an additional 64 shares during the last quarter. Finally, Allworth Financial LP lifted its position in shares of Flutter Entertainment by 116.4% in the second quarter. Allworth Financial LP now owns 145 shares of the company’s stock worth $41,000 after buying an additional 78 shares during the last quarter.

Flutter Entertainment Price Performance

NYSE:FLUT opened at $220.19 on Friday. The company has a debt-to-equity ratio of 1.27, a current ratio of 0.96 and a quick ratio of 0.96. Flutter Entertainment PLC has a one year low of $189.33 and a one year high of $313.68. The company has a fifty day moving average price of $224.78 and a 200 day moving average price of $262.96. The stock has a market cap of $38.57 billion, a P/E ratio of -169.38 and a beta of 1.92.

Analyst Ratings Changes

FLUT has been the topic of a number of recent analyst reports. Oppenheimer cut their price objective on Flutter Entertainment from $350.00 to $330.00 and set an “outperform” rating on the stock in a research note on Tuesday, October 14th. Truist Financial lowered their price target on Flutter Entertainment from $335.00 to $305.00 and set a “buy” rating on the stock in a report on Thursday, November 13th. Citigroup reissued an “outperform” rating on shares of Flutter Entertainment in a research report on Thursday. Zacks Research raised shares of Flutter Entertainment from a “strong sell” rating to a “hold” rating in a report on Monday, December 1st. Finally, HSBC upgraded shares of Flutter Entertainment from a “hold” rating to a “buy” rating and lowered their target price for the company from $265.00 to $228.00 in a research note on Monday, November 24th. Three equities research analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $304.05.

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.