National Bank of Canada FI Sells 16,074 Shares of Flutter Entertainment plc (NYSE:FLUT)

National Bank of Canada FI lowered its position in shares of Flutter Entertainment plc (NYSE:FLUT - Free Report) by 12.3% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 114,701 shares of the company's stock after selling 16,074 shares during the quarter. National Bank of Canada FI owned about 0.06% of Flutter Entertainment worth $26,956,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in FLUT. Rothschild Investment LLC acquired a new stake in Flutter Entertainment in the second quarter valued at approximately $37,000. CWM LLC bought a new stake in Flutter Entertainment during the 2nd quarter valued at $40,000. US Bancorp DE raised its holdings in Flutter Entertainment by 71.7% during the third quarter. US Bancorp DE now owns 237 shares of the company's stock worth $56,000 after buying an additional 99 shares during the last quarter. Venturi Wealth Management LLC purchased a new position in Flutter Entertainment during the third quarter worth about $82,000. Finally, Mirae Asset Global Investments Co. Ltd. bought a new position in shares of Flutter Entertainment during the 3rd quarter worth approximately $190,000.

Analyst Ratings Changes

A number of analysts recently commented on the company. UBS Group lifted their price target on Flutter Entertainment from $308.00 to $320.00 and gave the stock a "buy" rating in a report on Tuesday, November 26th. Benchmark increased their price target on shares of Flutter Entertainment from $265.00 to $275.00 and gave the company a "buy" rating in a research report on Wednesday, November 13th. Berenberg Bank raised shares of Flutter Entertainment to a "strong-buy" rating in a research report on Tuesday, August 27th. Craig Hallum raised their price target 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. Finally, The Goldman Sachs Group assumed coverage on Flutter Entertainment in a research report on Friday, November 22nd. They issued a "buy" rating and a $320.00 target price for the company. Fifteen analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Buy" and a consensus price target of $298.79.

Flutter Entertainment Trading Up 1.2 %

Shares of Flutter Entertainment stock traded up $3.19 during trading on Tuesday, hitting $274.71. The stock had a trading volume of 1,238,893 shares, compared to its average volume of 1,163,438. Flutter Entertainment plc has a 12 month low of $158.43 and a 12 month high of $284.79. The business's 50-day moving average is $249.17 and its 200 day moving average is $218.72.

Flutter Entertainment announced that its Board of Directors has initiated a share buyback plan on Wednesday, September 25th that allows the company to buyback $5.00 billion in shares. This buyback authorization allows the company to reacquire up to 11.7% of its stock through open market purchases. Stock buyback plans are generally an indication that the company's management believes its stock is 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.