BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp Invests $7.04 Million in Flutter Entertainment plc (NYSE:FLUT)

BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp purchased a new position in Flutter Entertainment plc (NYSE:FLUT - Free Report) in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 29,648 shares of the company's stock, valued at approximately $7,035,000.

Other large investors also recently made changes to their positions in the company. Rothschild Investment LLC acquired a new position in Flutter Entertainment during the second quarter valued at approximately $37,000. CWM LLC bought a new position in Flutter Entertainment in the 2nd quarter worth $40,000. US Bancorp DE lifted its position in Flutter Entertainment by 71.7% during the 3rd quarter. US Bancorp DE now owns 237 shares of the company's stock worth $56,000 after acquiring an additional 99 shares during the last quarter. Venturi Wealth Management LLC bought a new stake in Flutter Entertainment during the third quarter valued at about $82,000. Finally, Hilltop National Bank acquired a new stake in shares of Flutter Entertainment in the second quarter valued at about $101,000.

Flutter Entertainment Trading Up 0.6 %

Shares of Flutter Entertainment stock traded up $1.54 during mid-day trading on Monday, reaching $277.86. 878,559 shares of the stock were exchanged, compared to its average volume of 1,154,993. Flutter Entertainment plc has a fifty-two week low of $152.77 and a fifty-two week high of $279.04. The firm has a 50-day simple moving average of $244.29 and a 200 day simple moving average of $215.69.

Flutter Entertainment announced that its board has approved a share buyback program on Wednesday, September 25th that allows the company to buyback $5.00 billion in outstanding shares. This buyback authorization allows the company to repurchase up to 11.7% of its stock through open market purchases. Stock buyback programs are generally an indication that the company's board of directors believes its shares are undervalued.

Analyst Ratings Changes

Several equities analysts recently weighed in on FLUT shares. Benchmark boosted their price objective on Flutter Entertainment from $265.00 to $275.00 and gave the stock a "buy" rating in a research report on Wednesday, November 13th. Craig Hallum raised their price objective on shares of Flutter Entertainment from $275.00 to $350.00 and gave the stock a "buy" rating in a research note on Wednesday, November 13th. Berenberg Bank upgraded shares of Flutter Entertainment to a "strong-buy" rating in a research note on Tuesday, August 27th. Bank of America began coverage on shares of Flutter Entertainment in a research report on Monday, October 14th. They issued a "buy" rating and a $300.00 price target on the stock. Finally, Oppenheimer upped their price objective on shares of Flutter Entertainment from $300.00 to $305.00 and gave the company an "outperform" rating in a research report on Wednesday, November 13th. Fifteen research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Buy" and a consensus price target of $298.79.

Flutter Entertainment Company Profile

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.