Benjamin F. Edwards & Company Inc. Has $197,000 Holdings in Flutter Entertainment plc (NYSE:FLUT)

Benjamin F. Edwards & Company Inc. boosted its stake in Flutter Entertainment plc (NYSE:FLUT) by 93.4% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,077 shares of the company’s stock after purchasing an additional 520 shares during the period. Benjamin F. Edwards & Company Inc.’s holdings in Flutter Entertainment were worth $197,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Hollencrest Capital Management acquired a new position in shares of Flutter Entertainment in the 1st quarter worth approximately $28,000. Rothschild Investment LLC acquired a new position in Flutter Entertainment in the second quarter valued at $37,000. CWM LLC acquired a new position in Flutter Entertainment in the second quarter valued at $40,000. YHB Investment Advisors Inc. bought a new stake in Flutter Entertainment during the first quarter valued at $45,000. Finally, Financial Perspectives Inc acquired a new stake in Flutter Entertainment during the 1st quarter worth about $102,000.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on FLUT. Susquehanna boosted their price objective on Flutter Entertainment from $222.00 to $230.00 and gave the company a “positive” rating in a research note on Wednesday, August 14th. JMP Securities reissued a “market outperform” rating and issued a $255.00 price target on shares of Flutter Entertainment in a research note on Thursday. Berenberg Bank raised shares of Flutter Entertainment to a “strong-buy” rating in a research report on Tuesday, August 27th. Oppenheimer lifted their price objective on shares of Flutter Entertainment from $255.00 to $300.00 and gave the company an “outperform” rating in a research note on Thursday. Finally, Benchmark increased their target price on shares of Flutter Entertainment from $255.00 to $265.00 and gave the stock a “buy” rating in a research note on Thursday. One research analyst has rated the stock with a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Buy” and a consensus price target of $260.45.

Flutter Entertainment Stock Up 1.7 %

Flutter Entertainment stock opened at $243.95 on Friday. The firm’s fifty day moving average price is $207.75 and its two-hundred day moving average price is $200.69. Flutter Entertainment plc has a 1-year low of $148.00 and a 1-year high of $252.84.

Flutter Entertainment (NYSE:FLUT) last announced its quarterly earnings results on Tuesday, August 13th. The company reported $2.33 earnings per share for the quarter, beating the consensus estimate of $1.07 by $1.26. The business had revenue of $3.61 billion during the quarter, compared to the consensus estimate of $3.41 billion. Analysts anticipate that Flutter Entertainment plc will post 4.75 earnings per share for the current fiscal year.

Flutter Entertainment declared that its Board of Directors has initiated a stock buyback plan on Wednesday, September 25th that authorizes the company to buyback $5.00 billion in outstanding shares. This buyback authorization authorizes the company to reacquire up to 11.7% of its shares through open market purchases. Shares buyback plans are typically an indication that the company’s leadership believes its shares are 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.