CWA Asset Management Group LLC Has $9.91 Million Stock Position in Flutter Entertainment plc (NYSE:FLUT)

CWA Asset Management Group LLC trimmed its position in Flutter Entertainment plc (NYSE:FLUT - Free Report) by 7.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 38,315 shares of the company's stock after selling 2,948 shares during the period. CWA Asset Management Group LLC's holdings in Flutter Entertainment were worth $9,906,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of FLUT. Hsbc Holdings PLC grew its position in Flutter Entertainment by 10.9% in the second quarter. Hsbc Holdings PLC now owns 6,189,639 shares of the company's stock valued at $1,131,079,000 after purchasing an additional 608,003 shares in the last quarter. Massachusetts Financial Services Co. MA bought a new position in shares of Flutter Entertainment in the 3rd quarter valued at about $849,474,000. FMR LLC increased its position in shares of Flutter Entertainment by 13.2% in the third quarter. FMR LLC now owns 3,375,670 shares of the company's stock valued at $794,362,000 after acquiring an additional 393,122 shares during the last quarter. Bank of Montreal Can increased its position in shares of Flutter Entertainment by 868.5% in the third quarter. Bank of Montreal Can now owns 3,367,022 shares of the company's stock valued at $798,927,000 after acquiring an additional 3,019,376 shares during the last quarter. Finally, Cantillon Capital Management LLC raised its holdings in Flutter Entertainment by 3,827.8% during the third quarter. Cantillon Capital Management LLC now owns 2,397,384 shares of the company's stock worth $568,851,000 after acquiring an additional 2,336,347 shares in the last quarter.

Analysts Set New Price Targets

Several research analysts have weighed in on FLUT shares. Oppenheimer boosted their price target on Flutter Entertainment from $300.00 to $305.00 and gave the stock an "outperform" rating in a research report on Wednesday, November 13th. Needham & Company LLC boosted their target price on shares of Flutter Entertainment from $270.00 to $300.00 and gave the stock a "buy" rating in a report on Wednesday, November 13th. Barclays increased their price target on shares of Flutter Entertainment from $275.00 to $301.00 and gave the company an "overweight" rating in a research note on Wednesday, November 13th. Bank of America started coverage on shares of Flutter Entertainment in a research report on Monday, October 14th. They issued a "buy" rating and a $300.00 price objective for the company. Finally, The Goldman Sachs Group started coverage on shares of Flutter Entertainment in a report on Friday, November 22nd. They issued a "buy" rating and a $320.00 target price on the stock. Sixteen analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company currently has an average rating of "Buy" and a consensus target price of $302.33.

Flutter Entertainment Price Performance

NYSE FLUT traded down $1.45 during midday trading on Monday, hitting $255.31. The company had a trading volume of 1,071,466 shares, compared to its average volume of 1,444,506. The firm has a 50-day moving average price of $261.20 and a 200-day moving average price of $228.54. Flutter Entertainment plc has a twelve month low of $158.43 and a twelve month high of $284.79.

Flutter Entertainment declared that its board has approved a stock repurchase plan on Wednesday, September 25th that permits the company to repurchase $5.00 billion in outstanding shares. This repurchase authorization permits the company to purchase up to 11.7% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company's leadership believes its shares are undervalued.

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.