3,380 Shares in Flutter Entertainment plc (NYSE:FLUT) Acquired by Sanctuary Advisors LLC

Sanctuary Advisors LLC acquired a new position in Flutter Entertainment plc (NYSE:FLUT - Free Report) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 3,380 shares of the company's stock, valued at approximately $802,000.

A number of other institutional investors and hedge funds also recently bought and sold shares of FLUT. Virtu Financial LLC raised its stake in shares of Flutter Entertainment by 56.2% in the third quarter. Virtu Financial LLC now owns 7,371 shares of the company's stock worth $1,749,000 after acquiring an additional 2,652 shares during the last quarter. Hohimer Wealth Management LLC increased its holdings in shares of Flutter Entertainment by 3.4% in the third quarter. Hohimer Wealth Management LLC now owns 5,506 shares of the company's stock valued at $1,306,000 after purchasing an additional 181 shares in the last quarter. Geode Capital Management LLC bought a new position in Flutter Entertainment in the 3rd quarter worth approximately $436,599,000. Sender Co & Partners Inc. lifted its holdings in Flutter Entertainment by 43.5% during the 3rd quarter. Sender Co & Partners Inc. now owns 8,521 shares of the company's stock worth $2,022,000 after buying an additional 2,582 shares in the last quarter. Finally, Vestcor Inc bought a new position in Flutter Entertainment in the 3rd quarter valued at $815,000.

Flutter Entertainment Stock Up 0.2 %

FLUT stock traded up $0.46 during mid-day trading on Tuesday, reaching $261.49. The company had a trading volume of 470,361 shares, compared to its average volume of 1,170,375. Flutter Entertainment plc has a 52 week low of $158.43 and a 52 week high of $284.79. The stock has a 50 day simple moving average of $255.87 and a two-hundred day simple moving average of $223.81.

Flutter Entertainment declared that its board has authorized a stock 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 purchase up to 11.7% of its stock through open market purchases. Stock buyback programs are often a sign that the company's board of directors believes its shares are undervalued.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on FLUT shares. Needham & Company LLC boosted their target price on Flutter Entertainment from $270.00 to $300.00 and gave the stock a "buy" rating in a research report on Wednesday, November 13th. UBS Group boosted their price objective on Flutter Entertainment from $308.00 to $320.00 and gave the stock a "buy" rating in a report on Tuesday, November 26th. Oppenheimer raised their target price on shares of Flutter Entertainment from $300.00 to $305.00 and gave the company an "outperform" rating in a research note on Wednesday, November 13th. Craig Hallum increased their price objective on shares of Flutter Entertainment from $275.00 to $350.00 and gave the company a "buy" rating in a report on Wednesday, November 13th. Finally, Moffett Nathanson raised their price objective on shares of Flutter Entertainment from $245.00 to $275.00 and gave the company a "buy" rating in a research note on Thursday, September 26th. Sixteen equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Buy" and an average target price of $301.53.

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.