Vanderbilt University bought a new stake in shares of Flutter Entertainment plc (NYSE:FLUT - Free Report) in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 24,602 shares of the company's stock, valued at approximately $5,800,000. Flutter Entertainment accounts for 1.1% of Vanderbilt University's holdings, making the stock its 13th largest position.
Other hedge funds and other institutional investors have also modified their holdings of the company. Hollencrest Capital Management bought a new position in shares of Flutter Entertainment during the 1st quarter valued at $28,000. Rothschild Investment LLC bought a new position in shares of Flutter Entertainment during the 2nd quarter valued at $37,000. CWM LLC bought a new position in shares of Flutter Entertainment during the 2nd quarter valued at $40,000. Financial Perspectives Inc bought a new position in Flutter Entertainment in the 1st quarter worth $102,000. Finally, Hilltop National Bank bought a new position in Flutter Entertainment in the 2nd quarter worth $101,000.
Analyst Ratings Changes
FLUT has been the topic of several recent analyst reports. Craig Hallum lifted their target price on shares of Flutter Entertainment from $240.00 to $275.00 and gave the stock a "buy" rating in a report on Thursday, September 26th. Moffett Nathanson lifted their target price on shares of Flutter Entertainment from $245.00 to $275.00 and gave the stock a "buy" rating in a report on Thursday, September 26th. Benchmark reiterated a "buy" rating and issued a $265.00 target price on shares of Flutter Entertainment in a report on Monday, October 14th. JMP Securities lifted their target price on shares of Flutter Entertainment from $255.00 to $287.00 and gave the stock a "market outperform" rating in a report on Monday, October 14th. Finally, BTIG Research lifted their target price on shares of Flutter Entertainment from $245.00 to $249.00 and gave the stock a "buy" rating in a report on Wednesday, August 14th. Thirteen analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Flutter Entertainment currently has a consensus rating of "Buy" and an average target price of $275.92.
Read Our Latest Stock Report on FLUT
Flutter Entertainment Price Performance
Shares of Flutter Entertainment stock traded up $0.98 during trading on Monday, hitting $225.90. 1,144,311 shares of the company's stock traded hands, compared to its average volume of 1,072,246. The firm's fifty day moving average price is $224.42 and its 200 day moving average price is $204.40. Flutter Entertainment plc has a twelve month low of $148.00 and a twelve month high of $252.84.
Flutter Entertainment (NYSE:FLUT - Get Free Report) last issued its 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 business had revenue of $3.61 billion for the quarter, compared to analyst estimates of $3.41 billion. As a group, research analysts expect that Flutter Entertainment plc will post 4.75 EPS for the current fiscal year.
Flutter Entertainment announced that its Board of Directors has authorized a stock repurchase plan 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 plans are generally an indication that the company's board believes its shares are undervalued.
Flutter Entertainment 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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