XTX Topco Ltd Purchases Shares of 17,542 Flutter Entertainment plc (NYSE:FLUT)

XTX Topco Ltd bought a new position in Flutter Entertainment plc (NYSE:FLUT) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 17,542 shares of the company’s stock, valued at approximately $3,199,000.

Other institutional investors have also recently bought and sold shares of the company. Hollencrest Capital Management purchased a new stake in shares of Flutter Entertainment during the 1st quarter valued at $28,000. Assenagon Asset Management S.A. grew its position in Flutter Entertainment by 3.0% during the second quarter. Assenagon Asset Management S.A. now owns 5,760 shares of the company’s stock valued at $1,053,000 after acquiring an additional 170 shares during the period. Rothschild Investment LLC acquired a new stake in Flutter Entertainment during the second quarter worth about $37,000. CWM LLC purchased a new position in shares of Flutter Entertainment in the 2nd quarter worth about $40,000. Finally, YHB Investment Advisors Inc. purchased a new position in shares of Flutter Entertainment in the 1st quarter worth about $45,000.

Flutter Entertainment Stock Performance

Shares of FLUT stock opened at $228.97 on Thursday. The business has a 50 day moving average of $205.16 and a two-hundred day moving average of $200.19. Flutter Entertainment plc has a 52 week low of $148.00 and a 52 week high of $232.05.

Flutter Entertainment (NYSE:FLUT) last announced its quarterly earnings results on Tuesday, August 13th. The company reported $2.33 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.07 by $1.26. The firm had revenue of $3.61 billion for the quarter, compared to analyst estimates of $3.41 billion. On average, research analysts forecast that Flutter Entertainment plc will post 4.75 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on FLUT shares. Barclays assumed coverage on shares of Flutter Entertainment in a research report on Thursday, September 12th. They set an “overweight” rating and a $263.00 price target on the stock. Morgan Stanley started coverage on shares of Flutter Entertainment in a research report on Thursday, August 22nd. They set an “overweight” rating and a $247.00 price target for the company. Benchmark restated a “buy” rating and set a $255.00 price objective on shares of Flutter Entertainment in a research note on Wednesday, August 14th. Oppenheimer raised their target price on Flutter Entertainment from $240.00 to $255.00 and gave the company an “outperform” rating in a report on Wednesday, August 14th. Finally, Susquehanna raised their price objective on Flutter Entertainment from $222.00 to $230.00 and gave the company a “positive” rating in a research note on Wednesday, August 14th. One research analyst has rated the stock with a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Buy” and a consensus target price of $246.44.

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.