Sora Investors LLC purchased a new position in Flutter Entertainment plc (NYSE:FLUT - Free Report) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 45,000 shares of the company's stock, valued at approximately $10,678,000. Flutter Entertainment makes up 1.9% of Sora Investors LLC's portfolio, making the stock its 21st largest position.
Other large investors also recently added to or reduced their stakes in the company. Rothschild Investment LLC bought a new position in Flutter Entertainment in the second quarter worth approximately $37,000. CWM LLC purchased a new stake in shares of Flutter Entertainment in the 2nd quarter worth $40,000. US Bancorp DE grew its position in shares of Flutter Entertainment by 71.7% during the 3rd quarter. US Bancorp DE now owns 237 shares of the company's stock worth $56,000 after buying an additional 99 shares in the last quarter. Venturi Wealth Management LLC purchased a new position in shares of Flutter Entertainment during the third quarter valued at $82,000. Finally, Mirae Asset Global Investments Co. Ltd. bought a new stake in shares of Flutter Entertainment in the third quarter valued at about $190,000.
Flutter Entertainment Price Performance
NYSE:FLUT traded up $1.57 during midday trading on Friday, hitting $281.18. The company's stock had a trading volume of 1,071,685 shares, compared to its average volume of 1,156,611. Flutter Entertainment plc has a fifty-two week low of $158.43 and a fifty-two week high of $284.79. The firm's 50 day moving average is $246.86 and its 200-day moving average is $217.10.
Flutter Entertainment announced that its board has approved a stock buyback program on Wednesday, September 25th that authorizes the company to repurchase $5.00 billion in outstanding shares. This repurchase authorization authorizes the company to reacquire up to 11.7% of its stock through open market purchases. Stock repurchase programs are often an indication that the company's management believes its stock is undervalued.
Wall Street Analyst Weigh In
A number of equities analysts have recently issued reports on FLUT shares. 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 research note on Wednesday, November 13th. Oppenheimer lifted their price target on Flutter Entertainment from $300.00 to $305.00 and gave the company an "outperform" rating in a report on Wednesday, November 13th. JMP Securities boosted their price target on Flutter Entertainment from $287.00 to $299.00 and gave the stock a "market outperform" rating in a research report on Wednesday, November 13th. Berenberg Bank raised Flutter Entertainment to a "strong-buy" rating in a research report on Tuesday, August 27th. Finally, Wells Fargo & Company boosted their target price on shares of Flutter Entertainment from $295.00 to $300.00 and gave the stock an "overweight" rating in a report on Wednesday, November 13th. Fifteen investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Buy" and an average price target of $298.79.
Check Out Our Latest Research Report on Flutter Entertainment
Flutter Entertainment 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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