Flutter Entertainment plc (NYSE:FLUT) Shares Bought by State Street Corp

State Street Corp lifted its position in shares of Flutter Entertainment plc (NYSE:FLUT - Free Report) by 61,014.6% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,011,447 shares of the company's stock after acquiring an additional 1,009,792 shares during the quarter. State Street Corp owned 0.57% of Flutter Entertainment worth $239,996,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of the business. CWM LLC acquired a new position in Flutter Entertainment during the second quarter worth $40,000. Assenagon Asset Management S.A. raised its position in shares of Flutter Entertainment by 3.0% during the 2nd quarter. Assenagon Asset Management S.A. now owns 5,760 shares of the company's stock worth $1,053,000 after purchasing an additional 170 shares during the last quarter. Raymond James & Associates lifted its stake in Flutter Entertainment by 74.2% in the 2nd quarter. Raymond James & Associates now owns 16,685 shares of the company's stock valued at $3,043,000 after buying an additional 7,105 shares in the last quarter. Stableford Capital II LLC acquired a new stake in Flutter Entertainment in the 2nd quarter worth about $561,000. Finally, Inlet Private Wealth LLC increased its stake in Flutter Entertainment by 449.2% during the 2nd quarter. Inlet Private Wealth LLC now owns 21,967 shares of the company's stock worth $4,006,000 after buying an additional 17,967 shares in the last quarter.

Flutter Entertainment Stock Up 1.3 %

Shares of NYSE:FLUT traded up $3.64 during midday trading on Thursday, reaching $281.11. 1,091,522 shares of the company's stock were exchanged, compared to its average volume of 1,162,544. 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 simple moving average is $250.99 and its two-hundred day simple moving average is $219.56.

Flutter Entertainment announced that its board has initiated a stock buyback 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 management believes its shares are undervalued.

Analyst Upgrades and Downgrades

FLUT has been the topic of several research reports. The Goldman Sachs Group assumed coverage on Flutter Entertainment in a research report on Friday, November 22nd. They issued a "buy" rating and a $320.00 target price on the stock. JMP Securities raised their price objective on Flutter Entertainment from $287.00 to $299.00 and gave the company a "market outperform" rating in a report on Wednesday, November 13th. Moffett Nathanson upped 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. Oppenheimer raised their price target on shares of Flutter Entertainment from $300.00 to $305.00 and gave the stock an "outperform" rating in a research note on Wednesday, November 13th. Finally, Macquarie started coverage on shares of Flutter Entertainment in a research report on Wednesday. They set an "outperform" rating and a $340.00 price target on the stock. Sixteen analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Buy" and a consensus target price of $301.53.

About Flutter Entertainment

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.