15,423 Shares in Flutter Entertainment plc (NYSE:FLUT) Acquired by International Assets Investment Management LLC

International Assets Investment Management LLC bought a new position in Flutter Entertainment plc (NYSE:FLUT) in the third quarter, according to its most recent filing with the SEC. The firm bought 15,423 shares of the company’s stock, valued at approximately $3,660,000.

A number of other institutional investors also recently bought and sold shares of the stock. Rothschild Investment LLC acquired a new stake in Flutter Entertainment during the 2nd quarter valued at approximately $37,000. CWM LLC acquired a new stake in Flutter Entertainment during the 2nd quarter valued at approximately $40,000. Hilltop National Bank acquired a new stake in Flutter Entertainment during the 2nd quarter valued at approximately $101,000. Mitsubishi UFJ Trust & Banking Corp acquired a new stake in Flutter Entertainment during the 1st quarter valued at approximately $130,000. Finally, Atomi Financial Group Inc. acquired a new stake in Flutter Entertainment during the 3rd quarter valued at approximately $253,000.

Flutter Entertainment Price Performance

Shares of NYSE FLUT opened at $231.16 on Friday. Flutter Entertainment plc has a one year low of $148.00 and a one year high of $252.84. The firm has a fifty day moving average of $226.63 and a 200 day moving average of $205.83.

Flutter Entertainment (NYSE:FLUT) last released its earnings results on Tuesday, August 13th. The company reported $2.33 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.07 by $1.26. The business had revenue of $3.61 billion for the quarter, compared to analysts’ expectations of $3.41 billion. As a group, equities research analysts forecast 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 authorized a stock repurchase plan on Wednesday, September 25th that permits the company to buyback $5.00 billion in outstanding shares. This buyback authorization permits the company to buy up to 11.7% of its shares through open market purchases. Shares buyback plans are generally an indication that the company’s management believes its stock is undervalued.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the stock. Morgan Stanley assumed coverage on shares of Flutter Entertainment in a report on Thursday, August 22nd. They set an “overweight” rating and a $247.00 target price for the company. Needham & Company LLC assumed coverage on shares of Flutter Entertainment in a report on Monday, September 23rd. They set a “buy” rating and a $270.00 target price for the company. BTIG Research lifted their target price on shares of Flutter Entertainment from $245.00 to $249.00 and gave the company a “buy” rating in a report on Wednesday, August 14th. Berenberg Bank raised shares of Flutter Entertainment to a “strong-buy” rating in a report on Tuesday, August 27th. Finally, JMP Securities lifted their target price on shares of Flutter Entertainment from $255.00 to $287.00 and gave the company a “market outperform” rating in a report on Monday, October 14th. Thirteen equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Buy” and a consensus target price of $275.92.

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.