Flutter Entertainment (NYSE:FLUT) Sees Unusually-High Trading Volume

Flutter Entertainment plc (NYSE:FLUT) saw unusually-strong trading volume on Thursday . Approximately 604,638 shares were traded during trading, a decline of 2% from the previous session’s volume of 614,215 shares.The stock last traded at $199.53 and had previously closed at $197.40.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on FLUT shares. BTIG Research raised their price target on shares of Flutter Entertainment from $242.00 to $245.00 and gave the stock a “buy” rating in a research report on Wednesday, May 15th. Wells Fargo & Company lifted their price objective on shares of Flutter Entertainment from $212.00 to $218.00 and gave the stock an “equal weight” rating in a report on Tuesday, July 16th. JMP Securities reiterated a “market outperform” rating and issued a $246.00 target price on shares of Flutter Entertainment in a research note on Wednesday, May 15th. Susquehanna cut their target price on Flutter Entertainment from $249.00 to $235.00 and set a “positive” rating on the stock in a research note on Thursday, May 30th. Finally, Moffett Nathanson assumed coverage on Flutter Entertainment in a research note on Monday, May 6th. They issued a “buy” rating and a $240.00 target price on the stock. One investment analyst has rated the stock with a hold rating and nine have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $3,864.33.

Flutter Entertainment Trading Down 2.9 %

The business’s 50 day moving average is $192.33 and its two-hundred day moving average is $182.69.

Institutional Investors Weigh In On Flutter Entertainment

Several large investors have recently made changes to their positions in FLUT. Artemis Investment Management LLP bought a new stake in shares of Flutter Entertainment in the 1st quarter valued at approximately $29,611,000. Allspring Global Investments Holdings LLC bought a new stake in shares of Flutter Entertainment in the 1st quarter valued at approximately $7,319,000. Sumitomo Mitsui Trust Holdings Inc. bought a new stake in shares of Flutter Entertainment in the 1st quarter valued at approximately $70,371,000. Financial Perspectives Inc bought a new stake in shares of Flutter Entertainment in the 1st quarter valued at approximately $102,000. Finally, Arthur M. Cohen & Associates LLC bought a new stake in shares of Flutter Entertainment in the 1st quarter valued at approximately $282,000.

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.