Teacher Retirement System of Texas Decreases Stock Holdings in Flutter Entertainment PLC $FLUT

Teacher Retirement System of Texas reduced its holdings in shares of Flutter Entertainment PLC (NYSE:FLUT) by 21.1% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 235,599 shares of the company’s stock after selling 62,975 shares during the quarter. Teacher Retirement System of Texas owned approximately 0.13% of Flutter Entertainment worth $59,842,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the business. ORG Partners LLC increased its position in shares of Flutter Entertainment by 43.0% during the 3rd quarter. ORG Partners LLC now owns 143 shares of the company’s stock valued at $36,000 after purchasing an additional 43 shares during the last quarter. MML Investors Services LLC grew its position in Flutter Entertainment by 0.6% during the second quarter. MML Investors Services LLC now owns 7,081 shares of the company’s stock valued at $2,024,000 after buying an additional 45 shares during the period. Versant Capital Management Inc increased its holdings in Flutter Entertainment by 5.6% during the third quarter. Versant Capital Management Inc now owns 943 shares of the company’s stock worth $240,000 after buying an additional 50 shares during the last quarter. Hohimer Wealth Management LLC raised its position in Flutter Entertainment by 1.3% in the second quarter. Hohimer Wealth Management LLC now owns 4,567 shares of the company’s stock worth $1,305,000 after acquiring an additional 60 shares during the period. Finally, Parallel Advisors LLC raised its position in Flutter Entertainment by 44.9% in the second quarter. Parallel Advisors LLC now owns 197 shares of the company’s stock worth $56,000 after acquiring an additional 61 shares during the period.

Flutter Entertainment Price Performance

Shares of NYSE FLUT opened at $181.17 on Friday. The company has a debt-to-equity ratio of 1.27, a quick ratio of 0.96 and a current ratio of 0.96. Flutter Entertainment PLC has a fifty-two week low of $179.01 and a fifty-two week high of $313.68. The stock has a market cap of $31.74 billion, a PE ratio of -139.36 and a beta of 1.88. The stock has a fifty day moving average of $208.00 and a 200-day moving average of $251.89.

Analysts Set New Price Targets

FLUT has been the subject of a number of research reports. Bank of America reduced their target price on shares of Flutter Entertainment from $250.00 to $210.00 and set a “neutral” rating for the company in a research report on Thursday. Weiss Ratings reissued a “sell (d-)” rating on shares of Flutter Entertainment in a report on Monday, December 29th. Texas Capital upgraded Flutter Entertainment to a “strong-buy” rating in a research note on Thursday, January 8th. HSBC upgraded Flutter Entertainment from a “hold” rating to a “buy” rating and cut their price target for the stock from $265.00 to $228.00 in a research note on Monday, November 24th. Finally, Hsbc Global Res upgraded Flutter Entertainment from a “hold” rating to a “strong-buy” rating in a research note on Monday, November 24th. Three analysts have rated the stock with a Strong Buy rating, seventeen have given a Buy rating, five have assigned a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $289.81.

Flutter Entertainment Company 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.