XTX Topco Ltd Has $374,000 Stake in Flutter Entertainment plc (NYSE:FLUT)

XTX Topco Ltd lessened its stake in shares of Flutter Entertainment plc (NYSE:FLUT - Free Report) by 91.0% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,578 shares of the company's stock after selling 15,964 shares during the period. XTX Topco Ltd's holdings in Flutter Entertainment were worth $374,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. CWM LLC bought a new stake in shares of Flutter Entertainment in the 2nd quarter valued at approximately $40,000. Assenagon Asset Management S.A. grew its stake in shares of Flutter Entertainment by 3.0% in the 2nd quarter. Assenagon Asset Management S.A. now owns 5,760 shares of the company's stock valued at $1,053,000 after buying an additional 170 shares in the last quarter. Raymond James & Associates grew its stake in shares of 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 bought a new stake in shares of Flutter Entertainment in the 2nd quarter valued at approximately $561,000. Finally, Inlet Private Wealth LLC grew its stake in shares of Flutter Entertainment by 449.2% in the 2nd quarter. Inlet Private Wealth LLC now owns 21,967 shares of the company's stock valued at $4,006,000 after buying an additional 17,967 shares in the last quarter.

Flutter Entertainment Stock Down 1.0 %

Shares of FLUT stock traded down $2.79 during trading hours on Tuesday, reaching $273.17. 1,768,705 shares of the company's stock were exchanged, compared to its average volume of 1,164,902. The business has a fifty day moving average price of $252.60 and a 200-day moving average price of $221.16. 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 approved a share repurchase plan on Wednesday, September 25th that permits the company to repurchase $5.00 billion in shares. This repurchase authorization permits the company to purchase up to 11.7% of its stock through open market purchases. Stock repurchase plans are usually a sign that the company's management believes its stock is undervalued.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on FLUT shares. Susquehanna boosted their price target on Flutter Entertainment from $273.00 to $286.00 and gave the company a "positive" rating in a research note on Wednesday, November 13th. JMP Securities boosted their price target on Flutter Entertainment from $287.00 to $299.00 and gave the company a "market outperform" rating in a research note on Wednesday, November 13th. UBS Group upped their target price on Flutter Entertainment from $308.00 to $320.00 and gave the stock a "buy" rating in a research report on Tuesday, November 26th. Needham & Company LLC upped 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. Finally, Benchmark upped their target price on Flutter Entertainment from $265.00 to $275.00 and gave the stock a "buy" rating in a research report on Wednesday, November 13th. Sixteen research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, Flutter Entertainment currently has a consensus rating of "Buy" and a consensus price target 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.