Aigen Investment Management LP bought a new position in Flutter Entertainment plc (NYSE:FLUT - Free Report) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 10,957 shares of the company's stock, valued at approximately $2,600,000.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Acadian Asset Management LLC bought a new position in shares of Flutter Entertainment during the first quarter valued at approximately $1,272,000. Capital International Ltd. CA bought a new stake in shares of Flutter Entertainment in the 1st quarter valued at approximately $2,180,000. Vanguard Group Inc. acquired a new stake in Flutter Entertainment during the first quarter valued at $1,578,442,000. National Bank of Canada FI acquired a new position in shares of Flutter Entertainment during the first quarter worth approximately $31,514,000. Finally, DekaBank Deutsche Girozentrale acquired a new position in shares of Flutter Entertainment in the first quarter valued at $22,498,000.
Wall Street Analyst Weigh In
A number of research firms have recently weighed in on FLUT. JMP Securities raised their price target on shares of Flutter Entertainment from $255.00 to $287.00 and gave the company a "market outperform" rating in a report on Monday, October 14th. Moffett Nathanson upped their price objective on Flutter Entertainment from $245.00 to $275.00 and gave the company a "buy" rating in a research note on Thursday, September 26th. Barclays raised their target price on shares of Flutter Entertainment from $263.00 to $275.00 and gave the stock an "overweight" rating in a research note on Thursday, September 26th. Craig Hallum increased their price target on Flutter Entertainment from $240.00 to $275.00 and gave the company a "buy" rating in a research report on Thursday, September 26th. Finally, UBS Group initiated coverage on shares of Flutter Entertainment in a research note on Friday. They set a "buy" rating and a $306.00 price target for the company. Fourteen analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company has a consensus rating of "Buy" and an average price target of $282.54.
Get Our Latest Report on FLUT
Flutter Entertainment Trading Down 1.1 %
Shares of Flutter Entertainment stock traded down $2.71 on Tuesday, reaching $248.30. 2,672,427 shares of the stock were exchanged, compared to its average volume of 1,112,440. Flutter Entertainment plc has a 1-year low of $148.30 and a 1-year high of $252.84. The business has a fifty day moving average price of $230.06 and a two-hundred day moving average price of $208.23.
Flutter Entertainment (NYSE:FLUT - Get Free Report) last issued its quarterly earnings results on Tuesday, August 13th. The company reported $2.33 earnings per share for the quarter, beating the consensus estimate of $1.07 by $1.26. The company had revenue of $3.61 billion during the quarter, compared to analyst estimates of $3.41 billion. As a group, equities research analysts anticipate that Flutter Entertainment plc will post 4.72 earnings per share for the current year.
Flutter Entertainment declared that its Board of Directors has initiated a stock buyback program on Wednesday, September 25th that permits the company to buyback $5.00 billion in outstanding shares. This buyback authorization permits the company to purchase up to 11.7% of its stock through open market purchases. Stock buyback programs are typically a sign that the company's board of directors believes its stock is undervalued.
Flutter Entertainment Company Profile
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Free Report)
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.
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