Holocene Advisors LP Acquires 259,962 Shares of Flutter Entertainment plc (NYSE:FLUT)

Holocene Advisors LP boosted its holdings in Flutter Entertainment plc (NYSE:FLUT) by 143.5% during the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 441,146 shares of the company’s stock after acquiring an additional 259,962 shares during the quarter. Holocene Advisors LP owned 0.25% of Flutter Entertainment worth $104,675,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Rothschild Investment LLC purchased a new position in shares of Flutter Entertainment during the second quarter worth about $37,000. CWM LLC bought a new stake in shares of Flutter Entertainment during the 2nd quarter worth $40,000. US Bancorp DE grew its position in Flutter Entertainment by 71.7% in the third quarter. US Bancorp DE now owns 237 shares of the company’s stock worth $56,000 after acquiring an additional 99 shares in the last quarter. Venturi Wealth Management LLC bought a new position in Flutter Entertainment in the third quarter valued at $82,000. Finally, Hilltop National Bank bought a new position in Flutter Entertainment in the second quarter valued at $101,000.

Analyst Ratings Changes

FLUT has been the topic of a number of research reports. UBS Group raised their price objective on Flutter Entertainment from $308.00 to $320.00 and gave the company a “buy” rating in a report on Tuesday, November 26th. BTIG Research boosted their price objective on shares of Flutter Entertainment from $249.00 to $305.00 and gave the stock a “buy” rating in a report on Monday, November 11th. Wells Fargo & Company upped their price objective on shares of Flutter Entertainment from $295.00 to $300.00 and gave the company an “overweight” rating in a research note on Wednesday, November 13th. Morgan Stanley initiated coverage on shares of Flutter Entertainment in a research report on Thursday, August 22nd. They issued an “overweight” rating and a $247.00 target price on the stock. Finally, Needham & Company LLC upped their price target on shares of Flutter Entertainment from $270.00 to $300.00 and gave the company a “buy” rating in a research report on Wednesday, November 13th. Fifteen analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Buy” and an average price target of $298.79.

Flutter Entertainment Trading Down 0.0 %

FLUT opened at $276.28 on Monday. Flutter Entertainment plc has a 12-month low of $152.77 and a 12-month high of $279.04. The stock has a fifty day simple moving average of $243.32 and a two-hundred day simple moving average of $215.19.

Flutter Entertainment declared that its Board of Directors has authorized a share buyback plan on Wednesday, September 25th that allows the company to buyback $5.00 billion in shares. This buyback authorization allows the company to buy up to 11.7% of its shares through open market purchases. Shares buyback plans are usually a sign that the company’s board 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.