Flutter Entertainment plc (NYSE:FLUT) Shares Sold by FNY Investment Advisers LLC

FNY Investment Advisers LLC trimmed its position in shares of Flutter Entertainment plc (NYSE:FLUT) by 84.9% during the fourth quarter, Holdings Channel reports. The firm owned 375 shares of the company’s stock after selling 2,104 shares during the quarter. FNY Investment Advisers LLC’s holdings in Flutter Entertainment were worth $96,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of the company. US Bancorp DE raised its holdings in shares of Flutter Entertainment by 71.7% in the 3rd quarter. US Bancorp DE now owns 237 shares of the company’s stock valued at $56,000 after buying an additional 99 shares during the period. Bleakley Financial Group LLC grew its position in shares of Flutter Entertainment by 4.6% during the third quarter. Bleakley Financial Group LLC now owns 3,105 shares of the company’s stock worth $737,000 after buying an additional 136 shares in the last quarter. Hohimer Wealth Management LLC increased its position in shares of Flutter Entertainment by 3.4% in the 3rd quarter. Hohimer Wealth Management LLC now owns 5,506 shares of the company’s stock valued at $1,306,000 after purchasing an additional 181 shares during the last quarter. M&T Bank Corp increased its holdings in Flutter Entertainment by 11.3% in the third quarter. M&T Bank Corp now owns 1,995 shares of the company’s stock valued at $469,000 after buying an additional 203 shares during the last quarter. Finally, Venturi Wealth Management LLC acquired a new stake in shares of Flutter Entertainment during the 3rd quarter worth about $82,000.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on FLUT shares. BTIG Research lifted their price target on shares of Flutter Entertainment from $249.00 to $305.00 and gave the stock a “buy” rating in a research note on Monday, November 11th. UBS Group lifted their target price on Flutter Entertainment from $308.00 to $320.00 and gave the company a “buy” rating in a research note on Tuesday, November 26th. Bank of America initiated coverage on shares of Flutter Entertainment in a report on Monday, October 14th. They set a “buy” rating and a $300.00 price target for the company. 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 price objective for the company. Finally, Wells Fargo & Company lowered their target price on shares of Flutter Entertainment from $300.00 to $285.00 and set an “overweight” rating on the stock in a research report on Wednesday, January 8th. Sixteen equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company has an average rating of “Buy” and a consensus price target of $303.40.

Flutter Entertainment Price Performance

Flutter Entertainment stock opened at $255.61 on Thursday. Flutter Entertainment plc has a fifty-two week low of $163.00 and a fifty-two week high of $284.79. The stock has a fifty day moving average of $265.10 and a two-hundred day moving average of $232.15.

Flutter Entertainment declared that its board has initiated a share 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 purchase up to 11.7% of its stock through open market purchases. Stock repurchase plans are generally an indication that the company’s management believes its shares are undervalued.

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.