Robeco Institutional Asset Management B.V. purchased a new stake in shares of Flutter Entertainment plc (NYSE:FLUT - Free Report) during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 20,651 shares of the company's stock, valued at approximately $4,900,000.
Several other hedge funds have also bought and sold shares of the business. Capital World Investors acquired a new stake in shares of Flutter Entertainment during the first quarter worth approximately $2,880,796,000. Capital Research Global Investors acquired a new position in Flutter Entertainment during the first quarter worth $2,418,032,000. Vanguard Group Inc. purchased a new stake in shares of Flutter Entertainment in the first quarter worth $1,578,442,000. Capital International Investors bought a new stake in shares of Flutter Entertainment during the 1st quarter valued at $507,170,000. Finally, Marathon Asset Management Ltd purchased a new stake in Flutter Entertainment in the 3rd quarter worth approximately $451,631,000.
Flutter Entertainment Trading Up 4.2 %
NYSE FLUT traded up $10.06 during trading on Friday, reaching $248.04. 2,675,579 shares of the company's stock were exchanged, compared to its average volume of 1,690,016. The company's fifty day simple moving average is $229.28 and its 200-day simple moving average is $207.51. Flutter Entertainment plc has a fifty-two week low of $148.00 and a fifty-two week high of $252.84.
Flutter Entertainment (NYSE:FLUT - Get Free Report) last announced its earnings results on Tuesday, August 13th. The company reported $2.33 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.07 by $1.26. The company had revenue of $3.61 billion for the quarter, compared to the consensus estimate of $3.41 billion. As a group, analysts predict that Flutter Entertainment plc will post 4.72 earnings per share for the current fiscal year.
Flutter Entertainment declared that its board has initiated a share repurchase program on Wednesday, September 25th that permits the company to buyback $5.00 billion in outstanding shares. This buyback authorization permits the company to repurchase up to 11.7% of its shares through open market purchases. Shares buyback programs are usually an indication that the company's leadership believes its shares are undervalued.
Wall Street Analysts Forecast Growth
FLUT has been the topic of several research analyst reports. UBS Group started coverage on shares of Flutter Entertainment in a research report on Friday. They set a "buy" rating and a $306.00 target price on the stock. Berenberg Bank upgraded shares of Flutter Entertainment to a "strong-buy" rating in a report on Tuesday, August 27th. Needham & Company LLC began coverage on Flutter Entertainment in a research report on Monday, September 23rd. They set a "buy" rating and a $270.00 price target for the company. Wells Fargo & Company reiterated an "overweight" rating and issued a $295.00 price objective on shares of Flutter Entertainment in a research report on Wednesday, October 30th. Finally, Barclays upped their target price on Flutter Entertainment from $263.00 to $275.00 and gave the company an "overweight" rating in a report on Thursday, September 26th. Fourteen investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Buy" and an average price target of $278.23.
View Our Latest Stock Report on Flutter Entertainment
Flutter Entertainment Company Profile
(
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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