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

Holocene Advisors LP grew its stake in shares of Flutter Entertainment plc (NYSE:FLUT) by 143.5% in the 3rd quarter, Holdings Channel.com reports. The fund owned 441,146 shares of the company’s stock after acquiring an additional 259,962 shares during the period. Holocene Advisors LP’s holdings in Flutter Entertainment were worth $104,675,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of the stock. US Bancorp DE grew its position in Flutter Entertainment by 71.7% during the 3rd quarter. US Bancorp DE now owns 237 shares of the company’s stock valued at $56,000 after purchasing an additional 99 shares during the last quarter. Bleakley Financial Group LLC increased its position in shares of Flutter Entertainment by 4.6% during the third quarter. Bleakley Financial Group LLC now owns 3,105 shares of the company’s stock valued at $737,000 after acquiring an additional 136 shares in the last quarter. Assenagon Asset Management S.A. raised its holdings in 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 acquiring an additional 170 shares during the last quarter. Rothschild Investment LLC purchased a new position in Flutter Entertainment in the 2nd quarter worth approximately $37,000. Finally, CWM LLC bought a new position in Flutter Entertainment in the 2nd quarter valued at approximately $40,000.

Analysts Set New Price Targets

Several research analysts have recently weighed in on FLUT shares. Wells Fargo & Company boosted their price target on Flutter Entertainment from $295.00 to $300.00 and gave the stock an “overweight” rating in a research note on Wednesday, November 13th. JMP Securities boosted their target price on Flutter Entertainment from $287.00 to $299.00 and gave the stock a “market outperform” rating in a research report on Wednesday, November 13th. UBS Group lifted their price target on shares of Flutter Entertainment from $308.00 to $320.00 and gave the stock a “buy” rating in a research note on Tuesday, November 26th. Craig Hallum increased their price objective on shares of Flutter Entertainment from $275.00 to $350.00 and gave the company a “buy” rating in a research report on Wednesday, November 13th. Finally, BTIG Research lifted their target price on shares of Flutter Entertainment from $249.00 to $305.00 and gave the stock a “buy” rating in a research report on Monday, November 11th. Fifteen equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus target price of $298.79.

Flutter Entertainment Stock Down 0.0 %

NYSE FLUT opened at $276.28 on Monday. Flutter Entertainment plc has a 52 week low of $152.77 and a 52 week high of $279.04. The stock’s 50-day moving average price is $243.32 and its 200-day moving average price is $215.19.

Flutter Entertainment announced that its Board of Directors has approved a stock buyback plan on Wednesday, September 25th that permits the company to buyback $5.00 billion in outstanding shares. This buyback authorization permits the company to repurchase up to 11.7% of its stock through open market purchases. Stock buyback plans are generally a sign 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.