Fintel reports that on December 11, 2024, Macquarie initiated coverage of Flutter Entertainment (NYSE:FLUT) with a Outperform recommendation.
Analyst Price Forecast Suggests 0.94% Downside
As of December 3, 2024, the average one-year price target for Flutter Entertainment is $274.86/share. The forecasts range from a low of $193.72 to a high of $402.78. The average price target represents a decrease of 0.94% from its latest reported closing price of $277.47 / share.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for Flutter Entertainment is 10,742MM, a decrease of 20.83%. The projected annual non-GAAP EPS is 5.08.
What is the Fund Sentiment?
There are 753 funds or institutions reporting positions in Flutter Entertainment. This is an increase of 132 owner(s) or 21.26% in the last quarter. Average portfolio weight of all funds dedicated to FLUT is 0.63%, an increase of 4.87%. Total shares owned by institutions increased in the last three months by 22.95% to 182,636K shares. 
The put/call ratio of FLUT is 0.15, indicating a bullish outlook.
What are Other Shareholders Doing?
Capital World Investors holds 13,791K shares representing 7.75% ownership of the company. In its prior filing, the firm reported owning 13,596K shares , representing an increase of 1.42%. The firm increased its portfolio allocation in FLUT by 25.49% over the last quarter.
Capital Research Global Investors holds 12,969K shares representing 7.28% ownership of the company. In its prior filing, the firm reported owning 12,735K shares , representing an increase of 1.81%. The firm increased its portfolio allocation in FLUT by 25.51% over the last quarter.
Caledonia (Private) Investments Pty holds 11,319K shares representing 6.36% ownership of the company. In its prior filing, the firm reported owning 11,372K shares , representing a decrease of 0.47%. The firm increased its portfolio allocation in FLUT by 4.06% over the last quarter.
AEPGX - EUROPACIFIC GROWTH FUND holds 10,042K shares representing 5.64% ownership of the company. In its prior filing, the firm reported owning 10,232K shares , representing a decrease of 1.89%. The firm increased its portfolio allocation in FLUT by 24.09% over the last quarter.
AGTHX - GROWTH FUND OF AMERICA holds 7,822K shares representing 4.39% ownership of the company. In its prior filing, the firm reported owning 6,360K shares , representing an increase of 18.69%. The firm increased its portfolio allocation in FLUT by 29.33% over the last quarter.
Fintel is one of the most comprehensive investing research platforms available to individual investors, traders, financial advisors, and small hedge funds.
Our data covers the world, and includes fundamentals, analyst reports, ownership data and fund sentiment, options sentiment, insider trading, options flow, unusual options trades, and much more. Additionally, our exclusive stock picks are powered by advanced, backtested quantitative models for improved profits.
This story originally appeared on Fintel.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
