Virtu Financial LLC Buys 2,652 Shares of Flutter Entertainment plc (NYSE:FLUT)

Virtu Financial LLC raised its holdings in Flutter Entertainment plc (NYSE:FLUT - Free Report) by 56.2% during the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 7,371 shares of the company's stock after purchasing an additional 2,652 shares during the quarter. Virtu Financial LLC's holdings in Flutter Entertainment were worth $1,749,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Rothschild Investment LLC acquired a new stake in Flutter Entertainment in the second quarter valued at approximately $37,000. CWM LLC acquired a new stake in shares of Flutter Entertainment during the 2nd quarter valued at $40,000. US Bancorp DE boosted its holdings in shares of Flutter Entertainment by 71.7% during the 3rd quarter. US Bancorp DE now owns 237 shares of the company's stock valued at $56,000 after acquiring an additional 99 shares in the last quarter. Venturi Wealth Management LLC bought a new stake in Flutter Entertainment during the 3rd quarter worth $82,000. Finally, Mirae Asset Global Investments Co. Ltd. acquired a new position in Flutter Entertainment in the 3rd quarter worth about $190,000.

Analysts Set New Price Targets

FLUT has been the topic of a number of recent research reports. Oppenheimer lifted their price target on Flutter Entertainment from $300.00 to $305.00 and gave the company an "outperform" rating in a research note on Wednesday, November 13th. Benchmark lifted their target price on shares of Flutter Entertainment from $265.00 to $275.00 and gave the stock a "buy" rating in a research report on Wednesday, November 13th. Barclays upped their price target on shares of Flutter Entertainment from $275.00 to $301.00 and gave the company an "overweight" rating in a research report on Wednesday, November 13th. Wells Fargo & Company lifted their price target 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. Finally, Susquehanna increased their price objective on Flutter Entertainment from $273.00 to $286.00 and gave the company a "positive" rating in a report on Wednesday, November 13th. Sixteen 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 has an average rating of "Buy" and a consensus target price of $301.53.

Flutter Entertainment Trading Down 1.3 %

NYSE FLUT traded down $3.64 during trading hours on Friday, hitting $277.51. 1,224,500 shares of the company's stock were exchanged, compared to its average volume of 1,162,734. The stock has a 50-day simple moving average of $250.99 and a 200 day simple moving average of $219.56. Flutter Entertainment plc has a 1-year low of $158.43 and a 1-year high of $284.79.

Flutter Entertainment announced that its board has approved a stock buyback plan on Wednesday, September 25th that permits the company to buyback $5.00 billion in shares. This buyback authorization permits the company to buy up to 11.7% of its stock through open market purchases. Stock buyback plans are usually an indication that the company's leadership believes its stock is undervalued.

Flutter Entertainment 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.