948 Shares in Flutter Entertainment plc (NYSE:FLUT) Bought by Plato Investment Management Ltd

Plato Investment Management Ltd purchased a new stake in Flutter Entertainment plc (NYSE:FLUT) in the third quarter, HoldingsChannel reports. The fund purchased 948 shares of the company’s stock, valued at approximately $225,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Sei Investments Co. bought a new stake in shares of Flutter Entertainment during the first quarter valued at approximately $5,283,000. Russell Investments Group Ltd. bought a new position in shares of Flutter Entertainment during the 1st quarter worth about $318,000. Bleakley Financial Group LLC acquired a new stake in shares of Flutter Entertainment during the 1st quarter valued at about $420,000. Mitsubishi UFJ Trust & Banking Corp bought a new stake in Flutter Entertainment in the first quarter valued at about $130,000. Finally, Vanguard Group Inc. acquired a new position in Flutter Entertainment in the first quarter worth about $1,578,442,000.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the company. UBS Group began coverage on Flutter Entertainment in a report on Friday, November 8th. They set a “buy” rating and a $306.00 price objective on the stock. BTIG Research boosted their price target on Flutter Entertainment from $249.00 to $305.00 and gave the company a “buy” rating in a research note on Monday, November 11th. Berenberg Bank raised shares of Flutter Entertainment to a “strong-buy” rating in a report on Tuesday, August 27th. Craig Hallum increased their target price on shares of Flutter Entertainment from $275.00 to $350.00 and gave the stock a “buy” rating in a research report on Wednesday. Finally, JMP Securities boosted their price target on shares of Flutter Entertainment from $287.00 to $299.00 and gave the company a “market outperform” rating in a research report on Wednesday. Fourteen investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Buy” and a consensus target price of $296.08.

Flutter Entertainment Trading Down 0.6 %

Shares of NYSE:FLUT opened at $265.44 on Friday. The company has a 50 day moving average of $232.91 and a 200-day moving average of $209.47. Flutter Entertainment plc has a one year low of $149.00 and a one year high of $269.90.

Flutter Entertainment (NYSE:FLUT) last released its quarterly earnings data on Tuesday, August 13th. The company reported $2.33 EPS for the quarter, beating analysts’ consensus estimates of $1.07 by $1.26. The company had revenue of $3.61 billion during the quarter, compared to the consensus estimate of $3.41 billion. Research analysts forecast that Flutter Entertainment plc will post 4.65 EPS for the current fiscal year.

Flutter Entertainment announced that its Board of Directors has approved a share repurchase plan on Wednesday, September 25th that authorizes the company to repurchase $5.00 billion in shares. This repurchase authorization authorizes the company to purchase up to 11.7% of its shares through open market purchases. Shares repurchase plans are often an indication that the company’s board of directors believes its stock is undervalued.

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.