Voya Investment Management LLC Has $41.44 Million Holdings in Flutter Entertainment PLC $FLUT

Voya Investment Management LLC lowered its position in Flutter Entertainment PLC (NYSE:FLUT) by 54.1% during the third quarter, according to its most recent filing with the SEC. The firm owned 163,145 shares of the company’s stock after selling 192,383 shares during the period. Voya Investment Management LLC owned 0.09% of Flutter Entertainment worth $41,439,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of FLUT. ORG Partners LLC raised its stake 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. acquired a new stake in Flutter Entertainment during the 2nd quarter worth about $29,000. SVB Wealth LLC bought a new position in shares of Flutter Entertainment in the 1st quarter worth about $27,000. Signaturefd LLC lifted its stake in shares of Flutter Entertainment by 98.5% in the 2nd quarter. Signaturefd LLC now owns 129 shares of the company’s stock valued at $37,000 after purchasing an additional 64 shares during the period. Finally, Allworth Financial LP boosted its position in shares of Flutter Entertainment by 116.4% during the 2nd quarter. Allworth Financial LP now owns 145 shares of the company’s stock valued at $41,000 after purchasing an additional 78 shares in the last quarter.

Flutter Entertainment Stock Performance

FLUT opened at $222.05 on Friday. The company has a market cap of $38.90 billion, a price-to-earnings ratio of -170.81 and a beta of 1.92. The company’s fifty day moving average price is $221.63 and its two-hundred day moving average price is $261.96. Flutter Entertainment PLC has a 1-year low of $189.33 and a 1-year high of $313.68. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 1.27.

Analysts Set New Price Targets

FLUT has been the subject of a number of research analyst reports. Zacks Research upgraded Flutter Entertainment from a “strong sell” rating to a “hold” rating in a report on Monday, December 1st. Barclays lowered their price objective on shares of Flutter Entertainment from $325.00 to $307.00 and set an “overweight” rating for the company in a research note on Wednesday. Oppenheimer cut their target price on shares of Flutter Entertainment from $350.00 to $330.00 and set an “outperform” rating on the stock in a research note on Tuesday, October 14th. Citigroup reaffirmed an “outperform” rating on shares of Flutter Entertainment in a research note on Thursday, December 11th. Finally, UBS Group cut their price objective on shares of Flutter Entertainment from $340.00 to $320.00 and set a “buy” rating on the stock in a research report on Friday, November 28th. Three research analysts have rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $303.70.

Flutter Entertainment Profile

Flutter Entertainment plc is a global sports betting and gaming company that operates a portfolio of consumer-facing brands and digital platforms. The company’s primary activities include online sports betting, casino gaming, poker, and daily fantasy sports, delivered through web and mobile applications as well as retail betting locations in select markets. Flutter focuses on product development, customer acquisition and engagement, and compliance with local gambling regulations across the jurisdictions where it operates.

Flutter’s brand portfolio includes well-known names in different regional markets, such as FanDuel in the United States, PokerStars, Betfair, Paddy Power and Sky Betting & Gaming in Europe and elsewhere.