Flutter Entertainment (NYSE:FLUT) Price Target Raised to $320.00 at UBS Group

Flutter Entertainment (NYSE:FLUT) had its price target raised by UBS Group from $308.00 to $320.00 in a research note issued to investors on Tuesday,Benzinga reports. The firm currently has a buy rating on the stock.

A number of other equities analysts have also recently commented on the company. Wells Fargo & Company raised their target price on Flutter Entertainment from $295.00 to $300.00 and gave the company an “overweight” rating in a report on Wednesday, November 13th. Berenberg Bank upgraded Flutter Entertainment to a “strong-buy” rating in a report on Tuesday, August 27th. Moffett Nathanson raised their target price on Flutter Entertainment from $245.00 to $275.00 and gave the company a “buy” rating in a report on Thursday, September 26th. Craig Hallum raised their target price on Flutter Entertainment from $275.00 to $350.00 and gave the company a “buy” rating in a report on Wednesday, November 13th. Finally, Barclays raised their target price on Flutter Entertainment from $275.00 to $301.00 and gave the company an “overweight” rating in a report on Wednesday, November 13th. Fifteen equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, Flutter Entertainment presently has an average rating of “Buy” and an average price target of $298.79.

Flutter Entertainment Trading Down 1.0 %

NYSE FLUT opened at $275.59 on Tuesday. Flutter Entertainment has a twelve month low of $150.65 and a twelve month high of $279.04. The stock has a fifty day simple moving average of $240.67 and a 200-day simple moving average of $213.75.

Flutter Entertainment declared that its board has approved a stock repurchase program 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 programs are typically an indication that the company’s leadership believes its stock is undervalued.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the company. Sanctuary Advisors LLC acquired a new position in shares of Flutter Entertainment in the third quarter valued at approximately $802,000. Virtu Financial LLC increased its holdings in shares of Flutter Entertainment by 56.2% in the third quarter. Virtu Financial LLC now owns 7,371 shares of the company’s stock valued at $1,749,000 after purchasing an additional 2,652 shares during the period. Hohimer Wealth Management LLC increased its holdings in shares of Flutter Entertainment by 3.4% in the third 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 period. Geode Capital Management LLC acquired a new position in shares of Flutter Entertainment in the third quarter valued at approximately $436,599,000. Finally, Sender Co & Partners Inc. increased its holdings in shares of Flutter Entertainment by 43.5% in the third quarter. Sender Co & Partners Inc. now owns 8,521 shares of the company’s stock valued at $2,022,000 after purchasing an additional 2,582 shares during the period.

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.