3,638 Shares in Flutter Entertainment plc (NYSE:FLUT) Bought by Oppenheimer & Co. Inc.

Oppenheimer & Co. Inc. purchased a new stake in shares of Flutter Entertainment plc (NYSE:FLUT) in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 3,638 shares of the company’s stock, valued at approximately $863,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in FLUT. Capital World Investors acquired a new position in Flutter Entertainment during the first quarter valued at approximately $2,880,796,000. Capital Research Global Investors acquired a new position in shares of Flutter Entertainment during the 1st quarter valued at $2,418,032,000. Vanguard Group Inc. purchased a new stake in Flutter Entertainment during the 1st quarter worth $1,578,442,000. Hsbc Holdings PLC increased its holdings in Flutter Entertainment by 10.9% in the 2nd quarter. Hsbc Holdings PLC now owns 6,189,639 shares of the company’s stock valued at $1,131,079,000 after purchasing an additional 608,003 shares in the last quarter. Finally, Capital International Investors acquired a new stake in Flutter Entertainment in the 1st quarter valued at $507,170,000.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on FLUT. BTIG Research upped their target price on Flutter Entertainment from $249.00 to $305.00 and gave the stock a “buy” rating in a research report on Monday, November 11th. Bank of America assumed coverage on shares of Flutter Entertainment in a research report on Monday, October 14th. They issued a “buy” rating and a $300.00 price objective for the company. Morgan Stanley began coverage on shares of Flutter Entertainment in a research report on Thursday, August 22nd. They set an “overweight” rating and a $247.00 target price on the stock. Craig Hallum raised their price target on shares of Flutter Entertainment from $275.00 to $350.00 and gave the company a “buy” rating in a report on Wednesday, November 13th. Finally, Berenberg Bank raised shares of Flutter Entertainment to a “strong-buy” rating in a research note on Tuesday, August 27th. Fourteen equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus target price of $296.08.

Flutter Entertainment Stock Down 1.4 %

NYSE:FLUT opened at $263.39 on Wednesday. The business’s 50 day moving average is $234.90 and its two-hundred day moving average is $210.86. Flutter Entertainment plc has a 52 week low of $150.65 and a 52 week high of $269.90.

Flutter Entertainment announced that its board has authorized a stock repurchase plan on Wednesday, September 25th that allows the company to buyback $5.00 billion in shares. This buyback authorization allows the company to reacquire up to 11.7% of its stock through open market purchases. Stock buyback plans are typically an indication that the company’s board of directors 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.