Seelaus Asset Management LLC Invests $204,000 in Flutter Entertainment plc (NYSE:FLUT)

Seelaus Asset Management LLC purchased a new stake in Flutter Entertainment plc (NYSE:FLUT) in the third quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 859 shares of the company’s stock, valued at approximately $204,000.

Several other institutional investors and hedge funds also recently bought and sold shares of FLUT. US Bancorp DE increased its stake in Flutter Entertainment by 71.7% in the 3rd quarter. US Bancorp DE now owns 237 shares of the company’s stock worth $56,000 after buying an additional 99 shares during the period. Bleakley Financial Group LLC increased its holdings in Flutter Entertainment by 4.6% during the 3rd quarter. Bleakley Financial Group LLC now owns 3,105 shares of the company’s stock worth $737,000 after purchasing an additional 136 shares during the period. Assenagon Asset Management S.A. lifted its holdings in shares of Flutter Entertainment by 3.0% in the 2nd quarter. Assenagon Asset Management S.A. now owns 5,760 shares of the company’s stock worth $1,053,000 after buying an additional 170 shares during the period. Rothschild Investment LLC purchased a new position in Flutter Entertainment during the second quarter valued at approximately $37,000. Finally, CWM LLC bought a new position in Flutter Entertainment in the second quarter worth approximately $40,000.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on FLUT shares. Moffett Nathanson lifted their price target on Flutter Entertainment from $245.00 to $275.00 and gave the company a “buy” rating in a report on Thursday, September 26th. Barclays lifted their target price on Flutter Entertainment from $275.00 to $301.00 and gave the company an “overweight” rating in a research note on Wednesday. Oppenheimer raised their price objective on Flutter Entertainment from $300.00 to $305.00 and gave the stock an “outperform” rating in a research report on Wednesday. Benchmark upped their target price on Flutter Entertainment from $265.00 to $275.00 and gave the company a “buy” rating in a research report on Wednesday. Finally, JMP Securities boosted their price target on Flutter Entertainment from $287.00 to $299.00 and gave the stock a “market outperform” rating in a research note on Wednesday. Fourteen investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus price target of $296.08.

Flutter Entertainment Price Performance

FLUT stock opened at $265.44 on Friday. Flutter Entertainment plc has a 52 week low of $149.00 and a 52 week high of $269.90. The firm has a 50-day simple moving average of $233.95 and a 200-day simple moving average of $210.01.

Flutter Entertainment (NYSE:FLUT) last issued its earnings results on Tuesday, August 13th. The company reported $2.33 EPS for the quarter, beating analysts’ consensus estimates of $1.07 by $1.26. The business had revenue of $3.61 billion during the quarter, compared to analyst estimates of $3.41 billion. On average, analysts predict that Flutter Entertainment plc will post 4.65 EPS for the current fiscal year.

Flutter Entertainment declared that its board has authorized a share buyback program on Wednesday, September 25th that allows the company to repurchase $5.00 billion in outstanding shares. This repurchase authorization allows the company to purchase up to 11.7% of its shares through open market purchases. Shares repurchase programs are generally a sign that the company’s board of directors believes its stock is undervalued.

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.