Seelaus Asset Management LLC Purchases Shares of 859 Flutter Entertainment plc (NYSE:FLUT)

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

Several other hedge funds and other institutional investors also recently made changes to their positions in FLUT. Sei Investments Co. bought a new position in shares of Flutter Entertainment during the first quarter valued at about $5,283,000. Russell Investments Group Ltd. bought a new stake in shares of Flutter Entertainment during the 1st quarter valued at $318,000. Bleakley Financial Group LLC purchased a new stake in shares of Flutter Entertainment in the first quarter worth about $420,000. Mitsubishi UFJ Trust & Banking Corp bought a new position in Flutter Entertainment in the 1st quarter valued at $130,000. Finally, Vanguard Group Inc. purchased a new position in Flutter Entertainment during the first quarter worth about $1,578,442,000.

Flutter Entertainment Stock Down 0.6 %

NYSE FLUT opened at $265.44 on Friday. Flutter Entertainment plc has a twelve month low of $149.00 and a twelve month high of $269.90. The business has a 50-day moving average price of $233.95 and a 200-day moving average price of $210.01.

Flutter Entertainment (NYSE:FLUT) last posted its earnings results on Tuesday, August 13th. The company reported $2.33 earnings per share for the quarter, beating the consensus estimate of $1.07 by $1.26. The company had revenue of $3.61 billion for the quarter, compared to analysts’ expectations of $3.41 billion. Sell-side analysts forecast that Flutter Entertainment plc will post 4.65 EPS for the current year.

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

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the stock. Oppenheimer increased their price target on shares of Flutter Entertainment from $300.00 to $305.00 and gave the stock an “outperform” rating in a report on Wednesday. Benchmark increased their price objective on Flutter Entertainment from $265.00 to $275.00 and gave the company a “buy” rating in a research note on Wednesday. Morgan Stanley started coverage on Flutter Entertainment in a report on Thursday, August 22nd. They set an “overweight” rating and a $247.00 price target on the stock. UBS Group started coverage on shares of Flutter Entertainment in a report on Friday, November 8th. They issued a “buy” rating and a $306.00 price objective for the company. Finally, Barclays lifted their target price on shares of Flutter Entertainment from $275.00 to $301.00 and gave the company an “overweight” rating in a report on Wednesday. Fourteen analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Buy” and an average price target of $296.08.

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.