Soros Fund Management LLC raised its position in shares of Flutter Entertainment plc (NYSE:FLUT - Free Report) by 13.9% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 114,726 shares of the company's stock after purchasing an additional 14,026 shares during the period. Soros Fund Management LLC owned about 0.06% of Flutter Entertainment worth $27,222,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds and other institutional investors have also made changes to their positions in the company. US Bancorp DE increased its position in shares of 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 purchasing an additional 99 shares in the last quarter. Bleakley Financial Group LLC boosted its holdings in Flutter Entertainment by 4.6% in the third quarter. Bleakley Financial Group LLC now owns 3,105 shares of the company's stock worth $737,000 after acquiring an additional 136 shares in the last quarter. Assenagon Asset Management S.A. grew its stake in shares of Flutter Entertainment by 3.0% during the second quarter. Assenagon Asset Management S.A. now owns 5,760 shares of the company's stock worth $1,053,000 after acquiring an additional 170 shares during the last quarter. Rothschild Investment LLC acquired a new position in shares of Flutter Entertainment during the second quarter valued at about $37,000. Finally, CWM LLC purchased a new position in shares of Flutter Entertainment in the 2nd quarter valued at approximately $40,000.
Analyst Upgrades and Downgrades
A number of analysts have commented on the company. Wells Fargo & Company lifted their price target on Flutter Entertainment from $295.00 to $300.00 and gave the stock an "overweight" rating in a research report on Wednesday, November 13th. Morgan Stanley assumed coverage on shares of Flutter Entertainment in a report on Thursday, August 22nd. They issued an "overweight" rating and a $247.00 price target on the stock. Moffett Nathanson raised their price target on shares of Flutter Entertainment from $245.00 to $275.00 and gave the stock a "buy" rating in a research report on Thursday, September 26th. Benchmark upped their price objective on shares of Flutter Entertainment from $265.00 to $275.00 and gave the company a "buy" rating in a report on Wednesday, November 13th. Finally, Craig Hallum raised their target price on shares of Flutter Entertainment from $275.00 to $350.00 and gave the stock a "buy" rating in a report on Wednesday, November 13th. Fifteen research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, Flutter Entertainment has an average rating of "Buy" and an average target price of $298.79.
Read Our Latest Stock Report on FLUT
Flutter Entertainment Stock Up 0.1 %
Shares of NYSE FLUT traded up $0.32 during trading on Friday, hitting $279.93. The company had a trading volume of 979,025 shares, compared to its average volume of 1,156,456. The stock has a fifty day simple moving average of $246.86 and a two-hundred day simple moving average of $217.10. Flutter Entertainment plc has a fifty-two week low of $158.43 and a fifty-two week high of $284.79.
Flutter Entertainment declared that its Board of Directors has authorized a share repurchase plan on Wednesday, September 25th that permits the company to repurchase $5.00 billion in outstanding shares. This repurchase authorization permits the company to reacquire up to 11.7% of its stock through open market purchases. Stock repurchase plans are often a sign that the company's board believes its stock is undervalued.
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.
Read More
Before you consider Flutter Entertainment, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Flutter Entertainment wasn't on the list.
While Flutter Entertainment currently has a "Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
MarketBeat just released its list of 10 cheap stocks that have been overlooked by the market and may be seriously undervalued. Click the link below to see which companies made the list.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
